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Even the FDIC doesn’t want to pay its tax bill…

Almost one year ago to the day– on February 24, 2023– Silicon Valley Bank released its 2022 annual report. And senior executives must have been pretty nervous since the report showed that the bank was nearly insolvent. The bank had acquired a massive portfolio of more than $100 billion of US government bonds–

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Even Warren Buffett’s legendary optimism is fading.

Early in the spring of 1956, only weeks after Elvis Presley released his debut studio album, and actress Norma Jean Mortenson had her name legally changed to Marilyn Monroe, a budding 25-year-old businessman from the American Midwest fatefully registered his first-ever company. His name, of course, was Warren Buffett. And the company he

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Inspired Idiot of the Week: US State Department

It’s not exactly as if the world is swimming in a sea of tranquility these days. War in Gaza has been raging for months. War in Ukraine has been raging for years. And Russia has even threatened using nuclear weapons. Terrorist groups brazenly attack American shipping vessels. Iran keeps stirring the pot by

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Why the ‘Netflix’ stock of 100 years ago fell by 98%

On January 16, 1917– at the peak of World War I, the imperial German Foreign Minister, Arthur Zimmerman, sent an encoded telegram destined for the President of Mexico. Zimmerman wanted to form an alliance with Mexico, in the hopes that the United States would be too distracted with potential conflict at their southern

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Interest on the Debt will exceed defense budget this year

The ink was barely dry on the Treaty of Paris in the year 1763 when the financial panic set in. Government ministers across Europe began taking stock of their disastrous finances… and the picture was gruesome. The world had been at war with itself for nearly a decade. And though the conflict became

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Inspired Idiot of the Week: The Hawaii Supreme Court

On September 18, 1928, at the peak of the ‘Roaring 20s’, an American investor by the name of Evelyn Gregory was sitting on a fat capital gain totaling over $133,000– worth more than $12 million in today’s money. The top federal tax rate back then was 25%… but Evelyn wasn’t inclined to fork

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The CBDC Indoctrination Has Begun

I imagine life can often feel pretty difficult for today’s high school students. On top of dealing with classic teenage drama like homework, hormones, pimples, parents, driving, dating, university selection, and more, students these days have to contend with a host of new challenges. They suffered long periods of brutal Covid lockdowns. Active

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The ‘other’ report that was released last week was even bigger

Last week’s headlines were understandably dominated the special counsel’s report which chronicled President Biden’s “diminished faculties and faulty memory”. So, it’s easy to understand why no one even noticed the Congressional Budget Office’s $20 trillion bombshell announcement that was released within hours of the special counsel report. Granted, an investigation concluding that the

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Inspired Idiot of the Week: American Psychological Association

“Can Selecting the Most Qualified Candidate Be Unfair?” asked researchers in a recent study published by the American Psychological Association. And the short answer, according to this new ‘science’, is a resounding YES: hiring the most qualified people based purely on their merit and talent is unfair. Naturally they don’t actually discuss WHY.

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It’s not a prediction. It’s arithmetic.

Thousands of years ago during the late Bronze Age– most likely between 1100 and 1200 BC, two ancient civilizations were exhausted after nearly a decade of warfare. On one side was the ancient Achaean peoples led by the Mycenaean king Agamemnon. On the other was a legendary Hittite city that had already been

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The Fed asks America to fill in the blanks _______

It’s interesting to see how so many mainstream voices are starting to express concern about the gargantuan size of the US national debt. For most of the past decade, even as the debt spiraled out of control and passed $20 trillion, $25 trillion, $30 trillion, etc., hardly anyone in the media said a

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Inspired Idiot of the Week: Lizzie Warren edition

Last week when I wrote about the dumbest guy of the week, I should have known it wouldn’t be a one-time thing. A week ago I wrote about Congressman Jamaal Bowman, who was demanding that the US government make “at a minimum” $14 trillion worth of reparations payments. (Remember, this is the same

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The US has a $6 trillion problem over the next twelve months

Yesterday the Treasury Department announced that they expected to increase the national debt by a whopping $760 billion this quarter alone… and another $202 billion next quarter. In short that means almost $1 trillion added to the national debt just in the first half of this year. And, again, these are the Treasury

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A “Plan B” with an incredible view

Imagine waking up on a tropical mountain setting as the sun rises over the valley below. You take a dip in your infinity pool before eating a breakfast complimented by fresh mango and papaya from your own garden. And the beans for your morning coffee came from a farm just down the road.

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This story from the 3rd century will sound quite familiar to you

When Publius Licinus Valerianus (known as Valerian) became Roman emperor in September of 253 AD, people across the empire must have breathed a sigh of relief. “Finally,” many Roman citizens probably thought, “There’s an adult in the room.” The Roman Empire at that point was in the midst of its infamous ‘Crisis of

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