The Frog is Cooked!

WARNING: Graphic Frog Content.  Read at your own risk. As the story goes, a frog is placed into boiling water.  And when the frog hits the hot water, it immediately jumps out. But when the frog is placed in cold water … heated slowly over time … the frog doesn’t move so quickly.  As a matter […]

How U.S. Bankers Play Their Shell Game … and Get Away With It!

Ever play the shell game? It’s a so-called gambling game where a small ball is shifted underneath one of three shells. And the spectator wagers on which shell covers the ball when the shifting stops. If the spectator guesses correctly, the shell man will pay double on the bet. But if the guess is wrong, […]

Banks gone wild … again!

Banks are setting the rules without regard for reality!  At least that’s how Neil Barofsky summed it up when talking with Bloomberg news about the recent LIBOR (or, as some are calling it, “Lie-bor”) price-rigging scandal. I won’t get into the complexities of LIBOR — the London Interbank Offered Rate — but here’s the gist.  […]

‘Affordable’ Healthcare on Sale Now … Only $2.6 Trillion!

Washington just took over one-fifth of the entire U.S. economy.  And with the full backing of the Supreme Court, no less.  Our wise leaders can now direct $2.6 trillion in NEW federal spending for cheaper universal healthcare. Said differently, we the people just gave Washington a huge piggy bank.  A $2.6 trillion piggy bank filled […]

If You’re in a Hole … Stop Digging!

Maybe it’s the new book. Or maybe because he’s arguably the most-vocal economist of this generation.  Either way, he’s everywhere.  And it’s not just his daily posts at The New York Times that are raising eyebrows. He’s on CNN, MSNBC, CNBC, National Public Radio and many other media outlets.  Not to mention countless print publications […]

Out of the Mouth of Babes, a Banking Revolution!

The following is not your typical exchange between a Mom and her pre-teen daughter …   Daughter:   “Mom would you mind taking me to the mall today? I want to use the gift card Grandma sent me.” Mom:           “Sure honey. I had some errands to run anyway.  Let’s go after lunch.” Daughter:   “Great! Thanks […]

The Economic ‘A-Bomb’

I was recently talking with some friends about the economic headlines streaming out of Europe.  Since my friends aren’t really followers of economic and political trends, there was a sense of puzzlement when the word “austerity” came up. Their reaction, “What does that mean, exactly?” Interestingly, the puzzling looks continue to crop up more and […]

Greek Lessons in Economic Alternatives— Hope for the West?

If you look beyond the surface of the global financial crises — beyond what the mainstream media feeds us — you will truly begin to see the magnitude of the current dilemma. The troubles in Greece seem a world away … but in reality, they are much closer to home than any of us realize. […]

Funding the Government … One Minute at a Time.

You’ve likely heard the phrase “I have more month than money.”  It’s usually said informally by someone who is on a tight budget or might be struggling a bit financially.  And if your budget is on a monthly basis, this illustration this makes total sense. What if you’re not on a monthly budget, but rather […]

Dollar Coin: Pop Psychology or Real Change?

Both the House and Senate have introduced legislation that seeks to replace the dollar bill with a $1 coin. At first blush, it almost seems like a silly proposition … and after taking a deeper look … you’ll see that it is! Sen. Mike Enzi (R-Wyo.), said. “Change can be difficult. But doing things as […]