Category: History

Dr. Bernanke’s Fed Funds Patent Tonic with Opium

If you look at the weekly price chart for either gold or silver for the week ending January 27, 2012, you can make out a distinct “J” shape in prices of both metals. Tuesday the prices were suppressed, and then on Wednesday they spiked upward. You can actually pinpoint on the charts the moment the Federal Reserve announced its intent to keep the Federal Funds Rate at nearly zero percent until late 2014.

Low interest rates are supposed to spur economic growth, or at least that is what the textbook for my International Political Economy course said, so what could possibly be wrong with low interest rates?

Of course, low interest rates provide an incentive to borrow money. However, they also form a powerful incentive …


Willie Nelson and Walking Toward Gingrich

“After carefully considering the whole situation, I stand with my back to the wall. And walking is better, than running away…and crawling ain’t no good at all”

Willie Nelson—Lyrics to “Walking” (1974)

While not known for his astute political analysis, with these lyrics Willie Nelson has managed to perfectly describe the conundrum myself and millions of other voters face in selecting a candidate to support for president amongst the Republican field.

For months now GOPers have been carefully considering the whole situation, and have yet to settle on anyone. With the voting only two weeks away a majority of those undecided now officially are standing with their backs against the wall.

In this regard I am no different—laid here are the reasons I am currently …


Why I am Caucusing for Ron Paul

“I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom…..And if I should later be attacked for neglecting my constituents’ “interests,” I shall reply that I was informed that their main interest is liberty and that in that cause I am doing the very best I can.”
– Barry Goldwater, Conscience of a Conservative

Perhaps more than any other politician of the twentieth century, Barry Goldwater captured the essence of the American spirit – ferocious independence. This spirit depends upon the Constitution for its life and energy. Without our Constitution, our nation is nothing more than another geographic location; nothing but more …


The Stupidity of Banking Fees

About ten years ago, my savings account basically stopped paying interest. The rate of about two percent fell to something like one-tenth of one percent in 2002. Over the last ten years, people just seemed to forget the way things used to work – banks are supposed to pay you for placing your money into a bank account.

Well, as you may have known, Bank of America has raised an uproar by announcing their intent to charge a $5.00 per month fee for their customers who use debit cards to make purchases. Other banks are expected to follow suit. This uproar has taken the tone of anti-corporate class warfare: the “Bigs” vs. the Common Man; Banks vs. The People – whatever. The furor is missing …


What Would The Founders Think?

This morning I am considering “what ifs”.

My father often jokes that had I been born 5 hours earlier, he would have named me Ulysses instead of Arthur.  That is, I could have been a 4th of July baby with the initials “U.S.”.  I have been forever thankful that my mom stuck it out long enough to prevent that impediment on my life.

Sometimes I daydream about what would have happened in my life if I had been named Ulysses instead of Arthur.  I believe I would have developed a very similar personality, but I suspect (mixing my current personality with the name) that I would have found myself running for public office at some level and leveraging my “U.S.” initials as a brand of …


Still The Gold Standard: Barry Goldwater’s “The Conscience of a Conservative” 50 Years Later

“The Conservative also recognizes that the political power on which order is based is a self-aggrandizing force; that its appetite grows with eating. He knows that the utmost vigilance and care are required to keep political power within its bounds.” – Barry Goldwater

Evidenced by the fact that I recently finished re-reading Barry Goldwater’s The Conscience of a Conservative on a kindle—much has changed since it was first published in 1960. However, by the staggering parallels that its content has to the political realities of 2011, one could say that not much has changed at all.

Anyone who chooses to invest the few hours necessary to read this book will become apprised of the historical context in which the political and ideological battles of our …


Always Remember

WTC LightsIt was eight years ago today, as many days into George W. Bush’s Presidency then as we are now in Barack Obama’s, that we were viciously attached by an enemy that seeks only to terrorize and devastate us. They have less honor than the Japanese ever did, no apparent desire to take control of our land, and no official standing with the U.N. or any western nation that could provide even a modicum of legitimacy to their actions.

And they attacked a civilian target.

It is not enough to move on from this.  Moving on has become a weary forgetfulness that leaves us emotionally and physically unprepared for the reality of a difficult world and the evil intents of those who hate us.  Moving on …


Giving Thanks, for What?

Britt Hume a couple nights ago:

A traditional Thanksgiving meal between two elementary schools in Claremont, California, has parents in an uproar over costumes.
The kindergarteners have long celebrated the holiday by dressing up as pilgrims and Native Americans and taking turns visiting the other school to share in a holiday feast, but parents this year are divided over what the costumes represent and whether they should be allowed at all.

Michelle Raheja, whose daughter is a kindergarten student, wrote to her teacher, “It’s demeaning. I’m sure you can appreciate the inappropriateness of asking children to dress up like slaves (and kind slave masters), or Jews (and friendly Nazis) or members of any other racial minority group who has struggled in our nation’s history… There


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