DOW JONES vs SILVER: Trading Volume Says It All
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Central banks are already doing the unthinkable – you just don’t know it – G.G.
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Items from Professor Preponomics:
US News
Including the Ocean Floor, the Feds Own Much More Land than You Think (Mises) Excerpt: “Is US land ownership heavily socialized? Let’s begin answering this question by considering the states with the largest percentages of government-owned lands.” The next post is a commentary from Judge Andrew Napolitano from 2014. It’s an older post, but it’s well worth reading in the context of the broad question about whether or not the federal government can constitutionally own land… Napolitano: Washington Lacks Constitutional Right to Own Land in Western States (PunditFact)
The Great Inflationary Lie: How You’ve Been Lied to About Inflation and the Cost of Living Since 2000 (My Budget 360) Excerpt: “Is inflation real? Absolutely and it is understated.”
University of Washington Wastes Science Grant (Government Waste Fraud and Abuse) Excerpt: “The University of Washington, a public university used federal funding for scientific research as its own personal piggy bank, spending hundreds of thousands of taxpayer dollars on personalized Snuggies, pottery, and a trip to Hawaii, according to a new audit report.”
Auditor: CMS Was “Passive” in Preventing Fraud in Administering Obamacare (The Washington Free Beacon) Excerpt: “…the agency did not resolve about one-third of applications with inconsistencies, which involved $1.7 billion in associated subsidies.”
How USA Today ID’d Water with High Lead Levels (USA Today) Commentary: From a financial standpoint, the clean-up of lead contamination in nearly 2,000 water systems will be orders of magnitude greater than the disaster in Flint, Michigan. This is, of course, in addition to the costs in terms of human health, which may be immeasurable. …and an additional story on the same also from USA Today: Beyond Flint: Excessive Lead Levels Found in Almost 2,000 Water Systems Across All 50 States
Life and Times During the Great Depression (Visual Capitalist) Excerpt: “The economy of the United States was destroyed almost overnight. More than 5,000 banks collapsed, and there were 12 million people out of work in America as factories, banks, and other shops closed.” …and a follow up in photos. The Pain of the Great Depression in Color: The Resilient Families Hit Hard by Economic Crisis Brought to Life in Striking Pictures (Daily Mail)
International News
Negative Interest Rates are Having an Unintended Consequence in Switzerland (Business Insider) Excerpt: “In response, it seems, Swiss banks have pushed up the cost of mortgages, particularly long-dated ones, with spreads more than doubling on average….”
Personal Economics and Household Finance
14 Ways to Save Money at the Grocery Store (Clark Howard)
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