America
We Have Met the Enemy…
The above is the first half of a famous cartoon quote from the early 1950’s which was reborn, so to speak, on Earth Day 1970. At the end of this short article I will give [more…]
Finance
America
Confidence Is Essential for a Fiat Currency
Since fiat currencies, per se, are not redeemable for anything other than themselves, their very existence depends upon confidence. The issuing authority must not inflate the currency’s size to the point that it begins to [more…]
20th Century
The War we think ended in 1945
Most people believe World War II ended in 1945. In reality, its most important consequences were only beginning. The fighting stopped. The maps were redrawn. The narrative was presented as settled—and fixed in place. But [more…]
America
Causes of Uncontrollable US Public Spending and Debt
Annual US public spending has been in deficit for decades. As a result total US debt continues to increase year after year with no end in sight. Well, the end may not be in sight [more…]
America
Is this why the attack on Iran had to happen?
On February 28, 2026, the United States and Israel launched coordinated strikes on Iran, killing Supreme Leader Ali Khamenei and initiating what military analysts are already calling the most consequential American combat operation since the [more…]
Economics
This is fine………
The world has been quietly and stubbornly walking away from the US dollar and US Treasuries the last half decade. Now, that walk is becoming a march, and “quietly” is turning to “loudly”. Some in the financial [more…]
Economics
The US Must Return to a Gold Standard—NOW!
The purchasing power of the US dollar has been debased by over ninety-nine percent since the foundation of the Federal Reserve. [(An ounce of gold cost $20.67 in 1913. According to the Wall Street Journal [more…]
Business
Investment : Timing is everything
It’s poetic that Warren Buffett stepped down at Berkshire Hathaway earlier this year after one of the most extraordinary investing careers in modern history. Financial savvy Puffins (are there any other ?) will not need [more…]
America
More Largesse from Santa Claus Trump
President Trump has promised a $1,776 “Warrior Dividend” for the US military. This article from Military.com seems to offer as thorough an explanation of what is known so far, which isn’t much. According to the [more…]