Across the rich world inflation is raging by about 9% year on year. This constitutes the highest rate of inflation the rich world has seen since the early 1980’s. The last time inflation was this high, it ran for about sixteen years from its inception in the mid 1960’s to the recession in 1983. But […]
THE WAR AGAINST INFLATION Read More »
From the day it was first written, the Declaration of Independence went through quite a journey to reach the place where it resides today. In that it constituted a death warrant for all those who signed it, the protection and preservation of it maintained a higher priority for the Continental Congress and the founding fathers
HOW WAS THE DECLARATION OF INDEPENDENCE PRESERVED? Read More »
Since Vladimir Putin became president of Russia in 2000, he has been obsessed with how he is portrayed in the Russian media. He purportedly would routinely spend evenings carefully watching how the media covered him personally as well as his actions and policies. From the early days, he took steps to place Kremlin control over
THE UKRAINE WAR AS TOLD TO THE RUSSIAN PEOPLE Read More »
Are you surprised at the extent of resistance by Ukraine in their current war with Russia? It appears to many observers that the Russian Military and Putin Government probably miscalculated the Ukrainian people’s will to resist domination. By taking a look at the last 100 years of the history of Ukrainian-Russian relations we can see
UKRAINIAN RESISTANCE IS INGRAINED IN HISTORY Read More »
At the end of World War I, the U.S. economy went through a major boom era known popularly as the roaring twenties. Rising incomes meeting up with rising technological advances created progressive lifestyles for many middle and upper class Americans. It also nourished the get-rich-quick attitude that has long pervaded American society. Those times and
THE 1920’s, AN ERA OF GET-RICH-QUICK SCHEMES Read More »
Mariupol in the Ukraine has made lots of news lately, most of which has been unfortunate owing to Russia’s recent invasion of the Ukraine. Prior to the devastation that has taken place there in the last five weeks, what type of city was Mariupol? Where was Mariupol located? What was so important about it? Founded
WHAT HAS HAPPENED TO MARIUPOL Read More »
With the invasion of the Ukraine by the Russian military, and the corresponding sanctioning by the West, it appears that another Iron Curtain may be falling over Europe bringing with it another cold war. So far, the conflict has been limited to the Ukraine and potentially Belarus from whose territory part of the Russian Invasion
COLD WAR INCIDENTS THAT WERE CLOSE CALLS Read More »
When World War I ended in November, 1918, Germany’s economy was in a shambles. At the Paris Peace Conference in 1919, Germany was obliged to accept defeat and agree to pay a huge amount of money for reparations primarily to France and Belgium, owing to the great destruction and loss of life inflicted on those
INFLATION IN GERMANY AFTER WORLD WAR I Read More »
Ninety-three years ago on October 24, 1929, the U.S. stock markets went on a sharp decline that eventually fell by 89% of the all-time high of 381.17 reached on September 3 of that year. On July 8, 1932, the bleeding finally stopped as the Dow Jones Industrial Average bottomed out at $41.22, and didn’t reach
THE 1929 STOCK MARKET CRASH Read More »
In the early days of the United States, banking became a hot topic as some of the founding fathers were opposed to the establishment of a centralized national bank. Their reasoning came from Britain’s attempt to place the American colonies under the financial control of the Bank of England, that was seen as another act
CENTRAL BANKING IN THE UNITED STATES Read More »