The Defense Department briefed the President this morning. They told him that 2 Brazilian soldiers were killed in Iraq. To everyone’s surprise, he collapsed onto his desk, head in his hands, visibly shaken, almost in tears. Finally, he composed himself and asked, ‘Just how many is a brazilian?’

Where Our Taxes Go

No wonder Fed Chief Bernanke fought so hard to keep the Fed’s lending a secret. I just read in Rolling Stone magazine a story entitled “The Real Housewives of Wall Street.” It seems that the Fed loaned bailout money of $220 million to the wives of two Morgan Stanley bigwigs. After his wife got a …

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On This Day…

On this day in 1861 Abraham Lincoln maneuvered the Confederate States into firing on Fort Sumter so that he would have an excuse to invade the South. Confederate peace commissioners had already been to Washington to negotiate the transfer of forts and magazines on their territory peacefully.  Lincoln dallied, delayed, mumbled out of both sides …

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Here’s Your Change

After two years of Obama…Here’s your change! January 2009 TODAY % chg Source Avg.. Retail price/gallon gas in U.S. $1.83 $3.704 79.6% 1 Crude oil, European Brent (barrel) $43..48 $105..02 147.7% 2 Crude oil, West TX Inter. (barrel) $38..74 $104.78 155.9% 2 Gold: London (per troy oz.)5 $853.25 $1,469.50 70.5% 2 Corn, No.2 yellow, Central …

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Hyperinflation & Notes

Grant asks, How would hyperinflation impact the note business? ————————————————————————- Recently in THE PAPER SOURCE JOURNAL I have been writing about your timely question.  Hyperinflation would of course reduce the value of notes.   If you create notes you should absolutely have inflation adjustment in the payment terms, that being a gold clause; I’m not a fan …

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