Edmund Contoski
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Gold buying rose spectacularly in 2018 led by the world’s central banks, which increased their physical purchases by 651.5 tonnes.
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The stock market has been soaring, unemployment is low, and there is some improvement in wages and corporate earnings, though significantly less than from other recession recoveries.
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Everyone knows that Social Security and Medicare are underfunded. They can only provide the benefits they have promised by borrowing from future taxpayers who are obligated to pay for them.
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Greece is on the verge of settling the repayment of its bailout loans from the International Monetary Fund, European banks and other creditors.
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President Trump fired the opening salvo in a trade war—reminiscent of the 1930s trade war from the Smoot-Hawley Act, which prolonged the Great Depression—when he announced he will impose tariffs of 25% and 10% on imported steel and aluminum.
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Government
RealClearInvestigations Links Obama Policies to School Shootings
by Edmund Contoski April 6, 2018RealClearInvestigations cites a deliberate Obama policy of allowing thousands of troubled, often violent, students to commit crimes without legal consequence.
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Americans are frightened by the drumbeat of claims they are in danger of cancer from chemicals in the environment and hence need more government regulation for protection.
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Wind turbines are—and always will be—unable to achieve high efficiency even under the most favorable conditions.
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On August 11, 2017, the Wall Street Journal carried a front-page article on the Fed, raising a question of its storage of gold.
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Have you wondered why stocks like Apple, Microsoft and Google continue to make big gains in the U.S. indexes such as the Dow-Jones Industrials? These are the kind of big, successful companies that central banks favor.
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Democracy did not advance progress in the U.S. It weakened property rights and sound money, both of which were distinguishing principles of the success of Greece and the United States.
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Will Greece avoid financial disaster one more time by somehow pulling one more rabbit out of a hat? It seems unlikely, but we shall know fairly soon
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Climate ChangeFeaturedScience
The Sun, Not CO2, Determines Our Climate
by Edmund Contoski December 29, 2016Sunspots are dwindling to lows not seen in 200 years. In 2008, during the solar minimum of cycle 23, there were 266 days with no sunspots. This is considered a very deep solar minimum.