In quashed Fed indictment, 23 grand jurors explain why 2015’ll be lousy
A U.S. prosecutor quashed an indictment of the Fed in 1982 in this federal court house and post office in Salt Lake City, Utah. (Photo GSA.gov) There is more work to be done to ensure that all Americans can share in the accelerating recovery. — Jason Furman, council of economic advisers, White House By David […]
How private money, inflation entail chicanery, fraud, coming wreck
Justice Stephen J. Field, a dissenter of paper money disaster By David Tulis The disaster of national economy that awaits us here in the hinterlands has its makings in ideas that are ultimately religious in nature. More immediately the wreckage caused by ballooning and unpayable debt is based on a ideas that take the form […]
We hope in local economy because it matters not who controls U.S. senate
The walking bridge in Chattanooga is full of pedestrians during a holiday crowd, many of whose members believe GOP control of the U.S. senate is important. Charles Hugh Smith Please don’t claim anything changes if one party or the other is in the majority. Anyone clinging to that fantasy is delusional. If you really think […]
Cash boosts local economy, avoids ID hacks, Winsett says
Paying cash helps put more liquidity into local economy. By David Tulis Local economy is safe. Local economy is paying cash to people you know. National economy is not safe. Its chain stores swipe your plastic card into a reader and set you up for unwanted excitement. Thirteen million people a year are victims of identity theft. […]
Fed, banking sector bring us centralized national economy
(It is valuable to read forecasts published prior to a debacle such as the 2008 financial meltdown. Below is an analysis that first appeared in an important financial newsletter, The Moneychanger, published in Westpoint, Tenn., in 2005. Some of the financial details are out of date, and I have deleted the source reference links that […]
Local economy avoids brittleness, interlocking credit monoliths in national sector
A confidence crisis in the bar, left, caused the 2008 meltdown. What about the bar at right? What’s that? (Graphic DanielAmerman.com) By David Tulis If you are like me, you value small steps toward greater financial independence. You are progressing in plans to start a small home-based business. You are less intimidated by shaky prospects […]
Localism undoes ‘E pluribus unum,’ giving federal eagle gentle heave-ho
The imperial eagle’s scroll says “E pluribus unum,” or “From many, one.” By David Tulis On the back of the F$1 bill is an engraving of an eagle, a busy bird. On one claw is a clutch of arrows, representing war. In the other, olive branches (for military stasis). In his beak is a ribbon […]
Dollar not a real claimcheck, thus weak basis for ’Nooga’s prosperity
Vic Lockman, in his delightful little book, “Money, Banking and Usury, a Biblical View,” explains why local economy in Chattanooga has huge hurdles. To take up the alarming skepticism we have of the official U.S. economy — aka the “national economy” — it is best to have a better understanding of the American dollar. No […]
Promises are a hallucinatory drug; it doesn’t matter Uncle can’t pay
Ida May Fuller was the first person to get a Social Security check. She paid in$24.75. Her check is for $22.54. She collected $22,888.92 in Social Security benefits. By Gary North Garynorth.com Here is the first political jingle I ever heard. “They promise you the sky. They promise you the earth. But what’s a Republican […]
Chattanoogans, held upside-down, face thrashing; so much for change
So it was that a revolution took place within the form. Like the hagfish, the New Deal entered the old form and devoured its meaning from within. The revolutionaries were inside; the defenders were outside. A government that had been supported by the people and so controlled by the people became one that supported the […]