|
Written by Daily Economic Update
|
|
December 06, 2011 |
|
There has been lots of talk around lately regarding the collapse of the US Dollar and what that would mean for the United States of America and the world. There has also been a lot of talk about the Federal Reserve Bank of the United States of America and how unhappy the people of the US are getting with this largely unknown organization.
These two forces are converging together in what could be a very serious and detrimental way as it relates to the average US citizen. This article will rely heavily on flawed analogies to help the lay person understand the inner workings of both the IMF and the Federal Reserve Bank. This is not to be taken as an academic piece and I would ask that it not be judged as such. This is meant to help those people that have recently woken up to the reality that their country has been hi-jacked and those that are desperate to get up to speed as quickly as possible. So let’s jump right into the thick of it shall we? First we need to start with what I hope are simple lessons so that you can take what I am about to teach you and apply it to the real world. Read the entire article by clicking here. |
|
|
Written by Milton Friedman
|
|
October 17, 2011 |
Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist, statistician, academic, and author who taught at the University of Chicago for more than three decades. He was a recipient of the Nobel Memorial Prize in Economic Sciences. This video clip from over 30 years ago shows how the Occupy Wall Street argument is not a new one. Milton Friedman explains how capitalism is the solution and government is or certainly can be the problem. Watch it by clicking here. |
|
Written by Heritage.org
|
|
October 07, 2011 |
|
First, do you know what ANWR is?
ANWR = Arctic National Wildlife Refuge.
Now, a comparison:
|
|
Read more...
|
|
Written by Bob Klette
|
|
July 24, 2011 |
|
Think of it this way: A clunker automobile that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year. A vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons a year. So, the average Cash for Clunkers transaction will reduce US gasoline consumption by 320 gallons per year. They claim 700,000 vehicles were traded in so that's 224 million gallons saved per year. That equates to a bit over 5 million barrels of oil. 5 million barrels is about 5 hours worth of US consumption. More importantly, 5 million barrels of oil at $70 per barrel costs about $350 million dollars So, at $4,500 per clunker the government paid $3.15 billion of our tax dollars to save $350 million.
We spent $9.00 for every dollar we saved.
I'm pretty sure they will do a great job with our health care, though. |
|
|
|
|
<< Start < Prev 1 2 Next > End >>
|
|
Page 1 of 2 |
