Category Archives: Economics/Finance

Economics and finance explained in simple terms.

Bitcoin: The Greatest Scam In The Universe

I will explain why Bitcoin is the greatest scam in the universe. But first, it is a very good idea to remind our readers that whenever the federal government blunders, working-middle income tax payers are forced to “fix” 95% of … Continue reading

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The 2018 U.S. Stock Market And 2017 Stocks

The year 2017 was a very good year for U.S. Stocks.  The S&P 500 Index had a yearly gain of 18.87%.  The major market indexes had 71 new high points for the year. If you pay a fee or commission … Continue reading

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Wells Fargo CEO Appears Before Senate Banking Committee

On Tuesday, October 3, 2017, the U.S. Senate Banking Committee questioned the Chief Executive Officer of Wells Fargo, Timothy J. Sloan.  Sloan has been CEO since October, 2016, and he succeeded John Stumpf. An internal review revealed that Wells Fargo … Continue reading

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The Department of Veterans Affairs – A Public Disgrace

About three years ago, Americans learned that dozens of VA facilities had been falsifying records to hide their incompetency.  While this is indeed a public disgrace, many average Americans have known about the fraud, waste, abuse, mismanagement, Nepotism, racism, the … Continue reading

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The U.S. Needs More Historical Statues – Part 4

I would like to suggest a sixty foot tall statue of President Ronald Reagan.  The following statement should be inscribed on a large bronze plaque at the front of the statue: ” Ronald Reagan was elected president in November, 1980, … Continue reading

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Kim Jong-un : A Gambling Man ??

There are two clocks that I check frequently on the Internet.  One is the National Debt Clock of the U.S. which shows in real time how the U.S. National Debt is growing.  Readers can observe the numbers changing right before … Continue reading

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Donald Trump and Honest Capitalism

On July 12, 2011, I published an article on this website titled: ” Which Is Better: 1) Corrupt and Fascist Capitalism or, Honest and Just Socialism ? ” In that article, I wrote: ” … I would select a third choice … Continue reading

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Bankruptcy For Illinois ?

On June 1, 2017, a major event happened in the U.S. that few Americans noticed.  Even fewer Americans have any idea of the consequences of the event.  Two major bond rating services, Standard and Poor’s Corporation and Moody’s, lowered the … Continue reading

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1) Civil War, 2) Balkanization, or 3) The Extraordinary Option

It has become increasingly clear that the President and congress can not manage nor control the Federal Government of the U.S. This situation has existed for at least thirty-six years and probably much longer.  Many believe that the problems reach … Continue reading

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The Foolish DeBary City Council

The DeBary City Council recently voted to give DeBary tax money to some students on the bowling team from a local high school.  The Charter of the City of DeBary empowers the DeBary City Council to expend tax dollars for … Continue reading

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