At no time during the American Revolution were the American Colonies able to match the British Royal Navy at sea. However, with only a modest navy the Continental Congress resorted to commissioning private citizens to arm vessels and attack British shipping for profit. The results put a positive tilt on the war in the American […]
HOW PRIVATEERING AIDED THE AMERICAN REVOLUTION Read More »
In September of 31 BC, Octavian defeated the naval forces of Mark Antony and Cleopatra at the Battle of Actium. Shortly thereafter he became Caesar Augustus, the first Roman Emperor. For the next 211 years the Roman Empire enjoyed an unprecedented period of peace and prosperity that became known as Pax Romana. It encompassed the
PAX ROMANA—ANCIENT ROME’S GREATEST ERA OF PROSPERITY Read More »
In September of 1973, the Chilean Army marched on the Presidential Palace in Santiago and ousted the popularly elected socialist president, Salvador Allende. What followed was brutal repression, murder and torture, as General Augusto Pinochet seized control and ruled with an iron fist for the next seventeen years. At the time democracy was lost in
THE 1973 COUP IN CHILE–FIFTY YEARS AFTER Read More »
The so-called “Soft Landing” term that gets bantered about whenever there is some Federal Reserve monetary policy activity refers to bringing inflation down without harming economic growth. It can be visualized as landing an airplane safely with shifting winds all around it. It’s difficult to land an airplane under those circumstances, but it’s nearly impossible
IS THE U.S. ECONOMY HEADING FOR A SOFT LANDING? Read More »
The evidence is mounting that Xi Jinping, China’s president, is ever tightening the communist party’s control of all aspects of society in China. In addition to internet censorship, rewriting school textbooks, and imposing ideological crackdowns on arts, music, and entertainment, the communist party now wants to control all aspects of business including those companies that
IS NOW THE RIGHT TIME TO INVEST IN CHINA: PART II Read More »
In New York’s harbor stands one of the most famous symbols of American democracy, the Statue of Liberty. The colossal copper statue is a gift from the people of France as a monument to freedom in America. It became a dominant figure to immigrants who passed by it on their way to Ellis Island for
THE STORY OF THE STATUE OF LIBERTY Read More »
As we all know, increased inflation has set in on the U.S. economy. Spending habits for consumers will change as purchases are postponed and household sacrifices are made. But what does inflation due to the investment sector of the economy? Higher Interest Rates Inhibit Development: Long-term investing that leads to development is especially impacted by
INFLATION CAN MAKE INVESTING PROBLEMATICAL Read More »
China is recovering from the multi-year lockdowns employed on the population to try to combat covid-19. Western executives that have recently traveled to China to reinstate business ties have said that China’s economy is picking up where it left off, and that an economic boom is just around the corner. But is it really? Chinese
IS NOW THE RIGHT TIME TO INVEST IN CHINA? Read More »
Crypto Currency is becoming a major investment tool for investors worldwide. Although it’s been touted as being legal tender for transactions, for the most part it is simply an investment game that involves cash and an electro-magnetic computer impulse know as a token. Some private investors have done well with trading crypto, but all investors
THE TROUBLE WITH CRYPTO CURRENCY Read More »
The United States Government is in debt—so deep in debt that it comes to approximately 117% of GDP. For the last fifty years, the annual deficit has averaged about 3.5% of GDP each year. However, the Congressional Budget Office has projected that this metric will rise to about 6.1% a year for the next decade.
WHO FEELS THE BURDEN OF THE NATIONAL DEBT? Read More »