Author: Admin

History fades, memories are lost as those who were the eyewitnesses pass into eternity.** This October will mark the 95th anniversary of the 1929 Stock Market Crash.Few people are alive today who remember that event, and most of them were mere children at the time. Unfortunately, that leaves us with financial historians who often use current events to interpret this fascinating history. $2 Broker on the Floor of the New York Stock Exchange An excellent example of this is the Summary presented by Google. “The 1929 crash was caused by many factors, such as a boom after World War I,…

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The Ukraine President Who Wanted Neutrality For His Country The world is still buzzing about Tucker Carlson’s interview with Russian President Vladimir Putin. You may have been surprised to hear Putin indicate that the conflict between Russia and Ukraine began much earlier than February of 2022 when Russian troops crossed the border into Ukraine. Putin said that he felt that the conflict began with the Euromaidan Coup in Ukraine ten years earlier. It was then that bloody riots took place in the capital city of Kyiv. Specifically in Maidan Square, hence the name. During those bloody riots, over 100 Ukrainians…

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The World Economic Forum 2024 Annual Meeting, Davos Switzerland. Last week, the World Economic Forum held its 2024 Annual Meeting in Davos, Switzerland. It is the top, the very pinnacle of worldwide leaders in politics and economics. What the WEF likes to refer to as the Global “Stakeholders.” Stakeholders is a relatively obscure term that Klaus Schwab rescued from the dustbin of investment language to describe those who are invested in and manage their countries. Bill Gates and others in a panel discussion at the WEF 2024. This year, 2,700 leaders from 130 countries, including 52 heads of state, were…

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The First Bank of the United States, Philadelphia, Pennsylvania Whether by luck or fate, this nation was founded in the same year thatAdam Smith wrote his magnum opus, “On The Wealth Of Nations.” Adam Smith, the first Economist. Many of us consider Smith the most significant economist of all time; after all, he invented the discipline of economics. Before Smith, rudimentary commercial activity wasn’t considered something that people spent time studying. Day-to-day commerce just happened without rhyme or reason. But Smith changed all that. By framing his discussion around a method for countries to accumulate wealth, Smith built an intellectual…

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President Woodrow Wilson signed the legislation. This is how it was done in the early 20th Century. Note there is no telephone or other communication device on his desk. December 23rd, 2023, will mark the 110th anniversary of the Federal Reserve Board. Created before credit cards, before electronic funds transfer (EFT), before instant communications and the internet, and indeed before computers, the question arises: do we still need this anachronistic Central Bank? Other financial institutions have exhibited remarkable change as they’ve adapted to new technologies and methods of operation. But today, the Fed continues to operate as it has for…

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Today, the world is poised on the brink of total War. At no other time in our lives have we faced such a threat. Not one, but two conflicts threaten to escalate into first a regional dispute and then possibly a thermonuclear war that would engulf the entire world. I’m speaking, of course, of the Wars in Ukraine and Gaza. F16 Fighter Jet in its hanger. Although the risks are incredibly grave, we seem only to get escalation from our leaders in Washington. In less than two years, Washington has gone from supplying the Ukrainian Military with its first advanced…

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US Steel Gary Works, Gary, Indiana. The plant was built in 1908. Earlier this week, Nippon Steel of Japan announced that it would acquire US Steel for 14.9 Billion (USD). America had lost its last great, fully self-sufficient steel maker. Here’s the story of how it happened: Nearly 50 years ago, in the early 1970s, US Steel Corporation was considered a fading “Blue Chip,” the kind of stock that one would recommend to a widow or orphan (to use the old expression). That is a company with a viable track record and paid a handsome dividend. US Steel met both…

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“Still Life” by Cornelis de Bryer It’s one of those special memories that I look back upon and cherish, with just a hint of mystery. The year was 2001, and we were visiting my old hometown, Santa Barbara. After attending Mass at Mission Santa Barbara, we headed to the Four Seasons, renowned for its Sunday Brunch. It was the perfect place for the family to enjoy a bite to eat. Mission Santa Barbara My wife and I had planned this trip for months, timed perfectly to match the holidays. And why not? Santa Barbara almost always has perfect weather this…

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Voting in America Election 2023: How The MSN Narratives Misses The Mark The Mainstream Media, with help from the Biden Administration, is trying to portray Tuesday’s election as a return to the issues of the 1980s, primarily touting women’s right to an abortion. It’s a puzzling move, especially at a time when the literal survival of our nation is at stake. Perhaps no one in Washington has bothered to shop at a local market or fill up at a gas station. They may have missed the skyrocketing cost of living in the country, as inflation peaks at a level not…

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Scrooge If you were asked: “what’s inflation?” it’s likely that you might give a couple of different answers. On the one hand, you might say: “It’s when prices rise.” Or, on the other hand, you may respond: “It’s when things cost more.” Both answers would be correct. But there’s a mile’s worth of difference between the two. And that difference is going to have a profound impact on our economic future. Our government, which assembles most of our economic data, has yet to decide which definition to use, so they use both. One agency, the Bureau of Economic Analysis, uses…

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