Federal Reserve
Pop Goes the Federal Reserve’s Auto Bubble
It looks like the Federal Reserve-induced auto bubble just popped.ย Yesterday, GM announced plant closures and layoffs due to sluggish sales.ย The big automaker said it plans to shutter five North American factories and slash around 14,000 jobs.ย The move follows on...
Beware of the Federal Government’s Debt Spiral
In aviation, a death-spiral describes the downward, corkscrew-motion of a disabled aircraft that’s unrecoverably headed for a crash. If you pilot an aircraft, you never want to find yourself in a death-spiralย — for obvious reasons. Well, The federal...
Now in Effect: Alabama Law will Help Encourage the Use of Gold and Silver as Money
MONTGOMERY, Ala. (June 1, 2018) โย Today, an Alabama law exempting the sale of gold and silver bullion from state sales and use tax, encouraging its use and taking the first step toward breaking the Federal Reserveโs monopoly on money went into effect. Sen. Tim Melson...
Signed by the Governor: North Carolina Law Removes Roadblock to the Use of Gold and Silver as Money
RALEIGH, N.C. (July 26, 2017) โ Yesterday, North Carolina Gov. Roy Cooper signed a bill into law exempting the sale and purchase of gold and silver from state sales taxes. The newย law will remove an important roadblock in the way of their everyday use as money, taking...