Blockchain: Open Source Money

Cashless Society

“Blockchains are simply distributed transaction processing engines. The technology allows data to be stored in a variety of different places while tracking the relationship between different parties to that data. Most people trying to explain blockchains like to compare it to a ledger. Anytime someone makes a transaction, such as […] Read more »

The Cumulative Effective-Tax Rate

Death by Taxation

Early Americans would roll over in their graves if they heard about modern-day America’s topsy-turvy departure from many of the hard-won freedoms and liberties of the American Revolution. They would be unable to make sense of all the different taxes we pay today, and especially the government’s legal entitlement to […] Read more »

Cashless Society, India, and Big Brother

I'm Free

“The urge to save humanity is almost always a false front for the urge to rule.” ~H. L. Menken The short story is that American banking and government institutions are partnering on a do–or-die- global ultimatum to shift all countries from cash to digital currency. The ultimatum is that if […] Read more »

Special Report 2017

New Revenue Streams

“No matter what the politicians and monetary authorities say, the buying power of the dollar continues to decrease, with its current value 95 percent lower than it was in 1913.” The American Institute for Economic Research, January 2009 Cost of Living Report. There’s a funny saying apropos to my Woodstock […] Read more »

Post-Truth: Facts Pale by Comparison

Post-Truth Money

Chuckling to myself, I could not pass up the opportunity to highlight the Oxford Dictionaries’ international word of the year for 2016, post-truth, an adjective defined as: “relating to or denoting circumstances in which objective facts are less influential in shaping public opinion than appeals to emotion and personal belief.” […] Read more »

Meet the New Boss Same as the Old Boss

Is Donald Trump Anti-Establishment?

Sorry to have to break it to you. The truth is that President-elect Donald Trump is not anti-establishment. Certainly he is the opposite to Hillary Clinton in many ways; he will bring different policies to the country and a new look to the White House. Yet these two are only […] Read more »

The Wealth Effect Failure

uneven playing field

People tend to increase spending when the prices of their stock market and real estate assets rise. They perceive it as an increase to their financial security. This is known as the wealth effect. “The wealth effect is a psychological phenomenon that causes people to spend more as the value […] Read more »

Presidential Candidates, the Fed, and Status Quo

Thanks to the Federal Reserve

The battle for President of the United States between Hillary Clinton and Donald Trump rages on towards the finish line, nasty as ever. Despite blinding differences, they each seem to rely on an historically-authoritarian style of delivery (based on dualistic thinking) to underscore their obvious superiority over the other:  Insider/outsider, […] Read more »

Can Mounting Personal Debt and Economic Recovery Coexist?

Drowning in debt

The saying “The proof is in the pudding.” applies to proving if America is in an economic recovery…or not. My view all along has been that there’s no way America could be in a recovery phase due structural mechanics of how central banks issue currency into existence, especially given the […] Read more »

The Power Behind the Throne

“And the banks–hard to believe in a time when we’re facing a banking crisis that many of the banks created–are still the most powerful lobby on Capitol Hill. And they frankly own the place.” Sen. Dick Durbin (D-Ill.) 2009 Could anyone actually miss that the United States is in a […] Read more »