With Central Falls, Rhode Island, filing for bankruptcy, who in their right mind would invest in its municipal bonds? Luckily for current bondholders, Rhode Island passed a law in July that puts them ahead of other creditors, such as recipients of pension payments. But even with this law in place, who in their right mind […]
Archives for August 2011
The Crisis of State Bankruptcy
The Power of Ron Paul’s Message
Ron Paul’s message of liberty is concisely outlined in Liberty Defined, in which he writes, “We must strive for truth and the preservation of those values that we are convinced have benefited mankind. We could be successful and preserve the American Republic as it was intended, giving up the militarism of the American Empire.”
Straw Poll Shocker in Ames, Iowa
The stock market is in free fall because of the political mess in Washington and America’s increasing lack of confidence in the Fed. Twenty years ago, corporate earnings momentum and P/E ratios guided successful investors on the search to win the investment wars. Today, the political climate and Fed action rank one and two, no […]
Ron Paul on CNBC: Currency Destruction
Ron Paul – I worry most about consequences of Currency Destruction
Terrified Investors Watch Life Savings Evaporate!
Events of the past week have again driven home to investors the fact that the financial markets, dominated by computer-driven institutional trading, can feel like WWII’s Battle of Bastogne. The word terror becomes an understatement. I have been advising conservative, small business owners and retired and soon-to-be-retired investors for nearly five decades. My two monthly […]
Depressing Picture Worth 1,000 Words
You can see with your own eyes how fiscally irresponsible the Obama administration has been. OK, yes, President Obama inherited a crisis when he took office, but his stimulus spending went down the rat hole without doing anything for job creation.
The Shameful Legacy of Barack Obama
In recent months, you have been bombarded with editorials from the left and the right on the dire status of Uncle Sam’s finances and the prospects for an outright U.S. default. Much of what you have been exposed to is nothing more than posturing by politicians seeking to anger as few voters as possible and to maintain credibility for the 2012 election season. Rarely is what is best for America first on a politician’s mind. And now we have a first-in-history downgrade of America’s credit rating.
The Radical Mr. Liu: Overrunning America’s Constitution
Governor Jerry Brown has nominated Berkeley Law professor Goodwin Liu for a position on the California Supreme Court. Republican senators led a successful filibuster of Liu’s appointment to the Ninth Circuit Court of Appeals back in May. As CNN reported, “Liu was the first of President Barack Obama’s judicial picks to be successfully filibustered.” The […]
High Altitude Airship (HAA)
Source: Lockheed Martin httpv://www.youtube.com/watch?v=V3ZIGULlP7Q&feature=related The Lockheed Martin High Altitude Airship (HAA™) – and its sub-scale demonstrator, the High Altitude Long Endurance-Demonstrator (HALE-D) – is an un-tethered, unmanned lighter-than-air vehicle that will operate above the jet stream in a geostationary position to deliver persistent station keeping as a surveillance platform, telecommunications relay, or a weather observer. […]