On the grand scale, the U.S. dollar is still the major gladiator in the currency and economic arena. It is like a punch-drunk prizefighter, staggering, but still on its feet…wobbling, but able to inflict substantial damage on its economic opponents, those who would carelessly trade against it.
“The U.S. accumulated $9 ...read more
Devaluation and a Chinese Warning Shot
Mar 30th, 2009 | By Bill Jenkins | Category: Featured, Macro Economics
Devaluation has begun. Two weeks ago the Federal Reserve announced its intentions to start “quantitative easing.” Quantitative easing is the "new" term given by officials to printing money. We know it as inflating the money supply. It is also called "increasing liquidity.” Essentially, the government will create money and distribute ...read more
The Power to Tax Is the Power to Destroy
Mar 20th, 2009 | By Bill Jenkins | Category: Featured, Personal Liberties, Politics
We watched in dismay as the unemployment numbers soared again last Friday -- a massive loss of 651,000 jobs in February. Thank God it was a short month...
But let's put this into perspective. In December, the non-farm payroll (NFP) figure was 577,000 jobs lost. In January, the NFP figure was ...read more

