Videos about how to invest, investing in gold and silver, and economics 101
This week’s video, entitled “Debt Limit—A Guide to American Federal Debt Made Easy,” draws a satirical analogy between a deep-in-debt American householder approaching his banker to raise his debt limit to the recent deal to raise the U.S. federal debt limit
Man to banker: “I’d like to raise my debt limit.”
Banker: “Excuse me? Because the last time I checked, Mr. Smith, you were in serious debt.”
Excuse me, indeed.
Mr. Smith, it turns out, is carrying more than $140,000 in debt and has an annual income of about $21,000. “So you’re adding about $17,000 a year in debt,” his banker points out.
Smith doesn’t see a problem. “Right, so I figured we should raise that limit to about $170,000. I just bought a 60-inch flat screen. Have you ever been to Australia?”
As the banker, ever more incredulous, continues to question Smith, we learn that Smith and his wife have managed to cut an entire $380 from their annual budget. “Brutal,” Smith comments.
But the real punch line comes near the end, as Smith’s infant daughter scrawls across the loan agreement.
“Aren’t kids a blessing?” Smith says. “I mean she’s got plenty of time to deal with all this, right?”
“Absolutely,” replies the banker as the deal is sealed.
Just to make sure no one misses the point, two charts compare the Smith’s $380 spending cuts and the U.S. congressional deal to cut $38.5 billion in government spending in exchange for raising the federal debt ceiling by $1.65 trillion—both totaling approximately 1% of their respective annual budgets.
“Let’s go, kiddo,” Smith says as he prepares to leave the banker’s office. “We’ve gotta meet mommy at the car store.”
Imagine what would be possible with a limitless, environmentally benign and safe energy source, that could somehow be harnessed as warp drive-fueling “negative energy.”
“At one time U.S. Treasuries were considered the safest investment you could make. Now you’ve got every reason in the world to be concerned.”
Europe must someday realize that government needs to shrink: Once Italians Were Outsiders, Now Its Turks and Yugos...
"High taxes and over-regulation threaten to strangle innovation in its crib."
Were U.S. States to adopt gold and silver bullion as legal tender on a broad scale, the alternate currency would compete with the dollar.
At the heart of the Arizona debate is the fact that more and more people are concerned with U.S. dollar debasement, and the debasement of all fiat currencies worldwide.
“So here we had the only recession we’ve ever had where housing starts went up, and housing prices are going up, and so people think, ‘Wow, even in a recession, housing is the best thing you can do.’”
After years of taxpayer-funded cleanup efforts, footprint of the groundwater contamination under the Hanford Site has been reduced from 80 square miles to 65 square miles.
Switching out the conductors was an engineering challenge in itself. The ends of the building were knocked out, and a huge crane was used to move the silver elements, which were then run through a mechanical sheer to cut them into manageable sizes.
One in five recent graduates work in jobs that don’t require degrees at all.
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