Janet Yellen Says A New Financial Crisis Probably Won’t Happen ‘In Our Lifetimes’ But The BIS Says One Could Soon Hit ‘With A Vengeance’

Federal Reserve Chair Janet Yellen is quite convinced that the United States will not experience another financial crisis for a very long time to come.  In fact, she is publicly saying that she does not believe that another one will happen “in our lifetimes”.  But there are other central bankers that see things very differently.  In fact, a new report that was just released by the Bank for International Settlements is warning that a new financial crisis could soon strike “with a vengeance”.  So who is right? It would be nice if it turned out that Yellen was right.  Nobody […]

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CNN Is Dead: Network Loses All Credibility As Producer Admits That The Entire Russia Narrative Is Fake News

Nobody else needs to dig a grave for CNN because they are doing it themselves.  There has been scandal after scandal at the network, and now one of their producers has been caught on undercover video admitting that CNN has been pushing fake news stories about a connection between Donald Trump and Russia in a desperate attempt to get ratings.  In other words, CNN’s entire Russia narrative has been a complete lie all along.  Unfortunately for CNN, they are going to discover that once your credibility is gone it is incredibly difficult to ever get it back. On Tuesday, Project […]

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The Federal Government Owns 61 Percent Of Idaho, 64 Percent Of Utah And 84 Percent Of Nevada

Did you know that the federal government owns 28 percent of all land in the United States?  Today, the feds control approximately 640 million acres of land, and after decades of very poor management, many are calling on the states to take a larger role.  This is particularly true in the 11 western states where the federal government collectively owns 47 percent of all land.  East of the Mississippi River, the feds only own 4 percent of all land, and there is no reason for such a disparity to exist.  In Connecticut and Iowa, the federal government only owns 0.3 […]

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The Way Congress Is Handling Health Care Shows Why They Only Have A 17 Percent Approval Rating

The Senate health care bill was unveiled on Thursday, and it appears to be dead on arrival.  At least four conservative senators say that they can’t vote for the current version because it doesn’t go far enough, while several moderate Republicans are expressing concerns that it goes too far in repealing popular Obamacare provisions.  You can read the full text of the bill here.  Since Democrats are going to be united in voting against any bill that the Republicans put forward, Senate Majority Leader Mitch McConnell can only lose two Republican votes if he wants something to pass.  I don’t […]

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Are The ‘Toxic’ Democrats Destined To Become A Permanent Minority Party?

It has become exceedingly clear that the Democratic Party is in deep trouble.  Close to 55 million dollars was spent on the race in Georgia’s sixth congressional district, and that shattered all kinds of records.  Democrat Jon Ossoff was able to raise and spend six times as much money as Karen Handel and yet he still lost.  This was supposed to be the race that would show the American people that the Democrats could take back control of Congress in 2018, and so for the Democrats this was a bitter failure.  The Democratic Congressional Campaign Committee actually injected almost 5 […]

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69 Percent Of Americans Do Not Have An Adequate Emergency Fund

Do you have an emergency fund?  If you even have one penny in emergency savings, you are already ahead of about one-fourth of the country.  I write about this stuff all the time, but it always astounds me how many Americans are literally living on the edge financially.  Back in 2008 when the economy tanked and millions of people lost their jobs, large numbers of Americans suddenly couldn’t pay their bills because they were living paycheck to paycheck.  Now the stage is set for it to happen again.  Another major recession is going to happen at some point, and when […]

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‘When I say cut taxes, I don’t mean fiddle with the code. I mean abolish the income tax and the IRS, and replace them with nothing’

The quote in the headline comes from Ron Paul, and it should be the goal of every conservative lawmaker in the entire country.  When professional politicians tell you that they are in favor of reforming the tax code or reducing taxes a little bit, essentially what they are telling you is that they are perfectly fine with the status quo.  They may want to tweak things slightly, but in general they are content with big taxes, big spending and big government.  I spent an entire year getting a Master of Laws in Taxation at the University of Florida Law School, […]

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The Worst Financial Nightmare In Illinois History Erupts As State Comptroller Declares ‘We Are In Massive Crisis Mode’

Margaret Thatcher once said that the big problem with socialist governments is that “they always run out of other people’s money”, and unfortunately we are witnessing this play out in a major way in the state of Illinois right now.  At this point, the Illinois state government has more than 15 billion dollars of unpaid bills.  Yes, you read that correctly.  They are already 15 billion dollars behind on their bills, and they are on pace to take in 6 billion dollars less than they are scheduled to spend in 2017.  It is the worst financial crisis in the history […]

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We Are Getting Very Close To An Inverted Yield Curve – And If That Happens A Recession Is Essentially Guaranteed

If something happens seven times in a row, do you think that there is a pretty good chance that it will happen the eighth time too?  Immediately prior to the last seven recessions, we have seen an inverted yield curve, and it looks like it is about to happen again for the very first time since the last financial crisis.  For those of you that are not familiar with this terminology, when we are talking about a yield curve we are typically talking about the spread between two-year and ten-year U.S. Treasury bond yields.  Normally, short-term rates are higher than […]

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The Left Refuses To Tone Down Their Inflammatory Language, And As A Result We Now Have War In The Streets

What in the world did the left think would happen?  When Kathy Griffin posed for a photo with “Trump’s bloody head”, that sent a message.  And the twisted version of “Julius Caesar” that is currently being put on by a New York theater group in which a character meant to closely resemble Donald Trump is brutally assassinated sends a message.  At any time of the day, you can find leftist radicals openly discussing violence against Trump and Republicans on Facebook and Twitter, and groups like Antifa have been employing extremely violent tactics ever since the Inauguration.  So it is not […]

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