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Monthly Archives: July 2013

Frank Bernanke’s term as Federal Reserve Chairman is about to draw to a close.  A Bush appointee, he has followed an aggressive expansion of bank reserves and the money supply, a policy that has the potential of leading to a substantial inflationary period.   Bernanke not only increased bank reserves through Open Market Operations, buying […]

As you should recall, then House Speaker Nancy Pelosi (D-CA) stated that we needed to pass ObamaCare, or the so-called Affordable Care Act, in order to see what was in the bill, as we  see in this Youtube video. Of course, we would think that a better way to go about finding out what is […]

Recently, I attended a beautiful Cajun funeral. The music during Mass was definitely Cajun, with fiddle and accordion players playing wonderfully.  The casket was beautiful Louisiana bald cypress, hand crafted by the Benedictine monks of St. Joseph Abbey.  I have written about these caskets and the controversy here.  If you check out some of the […]

Recently, Forbes Magazine published this article by Augistino Fontevechhia,  “Bernanke admits to Congress: We are printing money, just ‘not literally’.”   How can the Federal Reserve System print money, just not literally?  What is going on here? -MC

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