First: Hamilton’s comment demonstrates that EVEN the Federalists were more respectful of the limitations on government than what we have today. Of course, Jefferson’s arguments would be the best. That is not the point. The point is even the worst at the birth of the USA was far better than what we have today. Secondly, […]

Those who are new readers are probably unfamiliar with what I have called the Golden Rule of Reactions.  When it comes to TIMING, it is vital to understand the basic tenets of cyclical analysis. That fundamental principle is where do we draw the line between a change in trend and a mere reaction. That line […]

Russia Raids Rusal Russian tax officials have raided the offices of the world’s largest aluminium producer, Rusal. The government is engaging in an investigation into alleged tax evasion. This is becoming a worldwide problem. Fiscal Mismanagement lead to oppression. They bribe the public to vote for them, then they turn against the people to pay […]

Diego Maradona, the Argentine soccer star who played for Italy between 1984 and 1991, is charged with owing Italy more than 32 million euros in tax. Upon visiting Italy, on one occasion they confiscated a diamond earring and auctioned it off. Then again they took his watches and sold them upon visiting Italy. http://www.bbc.co.uk/news/world-europe-21586345 The […]

Dave Janda, the host of Operation Freedom, had a guest on his show who informed the listeners that based upon information he said came from a high-level military officer that there is an Obama Administration’s new “Litmus Test” whereby senior officers are being asked would they be willing to order troops to fire on Americans if […]

One reader wrote a question many seem to have: LOVE YOUR BLOGS MARTIN!!! Taking the Italian issue one step further— Could we then deduce that if the Italians don’t want more austerity and that type thinking does spread to the rest of Europe, because the handwriting is on the wall for the people in power—then […]

One reader asked: “I once, several years ago, read that the US had already printed “redbacks”, a US dollar to be used internationally; that is, the greenback would be used in the US for domestic trade and the “redback” would be used for international trade and it would have a higher value. Do you have […]

Throughout history there has been countless two-tier monetary systems where at times there have been a local currency issued by the immediate government, yet the people rely upon the currency of another government. Such periods are interesting for they are not official but emerge by the people rather than through a decree of a government. […]

In Italy, the majority of voters endorsed parties that had promised to reverse the financial sacrifices Italy had promised its European partners or at least temper them. This whole European austerity program will tear Europe apart and the Euro will not survive. The attenpt to create a single currency without a single debt was the […]

Portugal is in a massive deep recession with GDP growth coming in more than a negative 1%. Portugal has announced it may cut the corporation tax to boost growth and investment. They are starting to realize that the youth have no jobs. You keep raising taxes and people leave. More than the tax rate, I […]