‘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’

Michael Snyder ECONOMY, FEATURED ARTICLES, POLITICAL, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

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 …

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

Michael Snyder ECONOMY, FEATURED ARTICLES, POLITICAL, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

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 …

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

Michael Snyder ECONOMY, FEATURED ARTICLES, POLITICAL, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

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 …

The Next Financial Crisis Has Already Arrived In Europe, And People Are Starting To Freak Out

Michael Snyder ECONOMY, FEATURED ARTICLES, POLITICAL, U.S. NEWS, WATCHMEN ON THE WALL, WORLD NEWS 0 Comments

Did you know that the sixth largest bank in Spain failed in spectacular fashion just a few days ago?  Many are comparing the sudden implosion of Banco Popular to the collapse of Lehman Brothers in 2008, and EU regulators hastily arranged a sale of the failed bank to Santander in order to avoid a full scale financial panic.  Sadly, most Americans have no idea that a new financial crisis is starting to play out over …

Some Thoughts On Economic Justice (VIDEO)

Scott Buss ECONOMY, FEATURED ARTICLES, NEWS VIDEO, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

Why should Christians care about economic justice? What has God said about economic justice? (Hint: The answers to these two questions are deeply connected.) What has God said about our fiat economic system? More specifically, what has He said about the US dollar, and what are we supposed to do about it? These are some of the questions that we kick around in this clip at the new FBC video channel. You can access the video by …

Legendary Investor Jim Rogers Warns That The Worst Stock Market Crash In Your Lifetime Is Coming ‘This Year Or Next’

Michael Snyder ECONOMY, FEATURED ARTICLES, POLITICAL, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

If Jim Rogers is right, the worst stock market crash that any of us has ever seen is right around the corner.  For the past 15 years, Rogers has been a frequent guest analyst on CNBC, Fox News and elsewhere, and he is immensely respected for the depth of knowledge and experience that he brings to the table.  So the fact that he is warning that we are about to see the worst stock market …

Central Banks Now Own Stocks And Bonds Worth Trillions – And They Could Crash The Markets By Selling Them

Michael Snyder ECONOMY, FEATURED ARTICLES, POLITICAL, U.S. NEWS, WATCHMEN ON THE WALL 0 Comments

Have you ever wondered why stocks just seem to keep going up no matter what happens?  For years, financial markets have been behaving in ways that seem to defy any rational explanation, but once you understand the role that central banks have been playing everything begins to make sense.  In the aftermath of the great financial crisis of 2008, global central banks began to buy stocks, bonds and other financial assets in very large quantities …

Cutting the Accord

A. F. Branco ECONOMY, POLITICAL, POLITICAL ART / CARTOONS, U.S. NEWS 0 Comments

Trump withdraws from the “Paris Climate Accord”, that one say is nothing more than redistribution of wealth. Political Cartoon by A.F. Branco ©2017. See more Branco cartoons on The Olive A.F.Branco Coffee Table Book <—- Order Here! Republished with permission Comically Incorrect A. F. Branco Are you concerned about the people who President Obama views as his mentors? If so, picture this. An angry looking Frank Marshall Davis is seen spouting his well-known, threadbare communist …