President Joe Biden rolled out his plan to cancel up to $20,000 in student loan debt. Anyone who made under $125,000 during the pandemic is eligible for $10,000 in forgiveness. Borrowers who received Pell grants can get an additional $10,000 relieved. President Donald...
The Government’s COVID-19 response was met with the obvious effects like the lockdowns that decimated the lives of millions to little to no effect on mitigating the spread, mask mandates, or even vaccination mandates. But underlying all of the obvious issues was that...
The ramp-up of money-printing by the Federal Reserve Bank since the COVID pandemic began has meant, like clockwork, an increase in CPI price inflation exceeding a seven percent annual rate. Though price inflation as measured by the CPI was temporarily delayed by the...
“It’s my understanding that a guy can go out there and I mean, he can fall into a black hole,” Jefferson County District Attorney Danny Carr said of drivers getting entangled financially. “You know, we’ve had a lot of issues with Brookside.” Jefferson County Sheriff...
Since the first assault on Turkey’s finances in 2018, which I wrote about multiple times (here, here, and here), I’ve been the lone voice telling everyone that President Recep Tayyip Erdogan is a lunatic but he’s a lunatic with a plan. That plan is to de-dollarize the...
"How did, as Hudson puts it, “America’s ideal of implementing laissez-faire economic institutions, political democracy, and a dismantling of formal empires and colonial systems” turn into a system where the U.S. forced other nations to pay for its wars, defaulted on...
“I don’t think there has been a greater engine of inequality than the Federal Reserve Bank of the United States”. Stan Druckenmiller "Americans should increasingly question the role of the Fed and its impact on society. It’s not normal, nor should it be, that the...
On COI #50, Kyle breaks down the $2.4 trillion dollar spending bill passed by both houses of Congress. Many of our Representatives are pitching the $600 check each American will receive as a huge boon for us. However, the bill gives billions to foreign countries while...
Oh well don't worry about it okay. I'm sure it'll be fine. The government is in charge and they know what to do and stuff.
Uh, what? Um. That's alot, right?
“Everyone has a right to affordable health care!” “Everyone has a right to go to college!” “Everyone has a right to own a home, it’s the American Dream!” We’ve all heard these. Some of us have even believed them, but do you honestly believe the government can give...
From the Contracorner (paywall): It took 213 years and 43 presidents—-from George Washington to Dubya Bush—- to generate the first $6 trillion of public debt. Now a mad man in the Oval Office and a herd of Capitol Hill larcenists will be doing it in just 700 days....
From Reuters Now they are increasing spending, but what happens when tax revenues fall off the cliff because people aren't working? A debt jubilee, inflate the debt away, debt restructuring, or deficits don't matter MMT - what will they do? The latest surge in...
From Marketwatch "The Federal Reserve on Tuesday said it was establishing a temporary repo facility for foreign central banks that will help make U.S. dollars available in their jurisdictions. In the new facility, the central banks will be able to temporarily exchange...
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