The Next Financial Catastrophe

Now  that the U.S. and the world have experienced a financial catastrophe comparable only to the Great Depression, the thing we might want to ask is this: are we safe now? The answer is no. Even while Ireland is facing financial devastation, because they followed a path that mirrors George Bush’s economic “thinking” for the [...]

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The 401k Catastrophe

It began during the reign of Ronald Reagan, although he certainly was not the architect of the idea.  Even so, he must have wholeheartedly approved. Why? Because it was good for business.  If there was ever a gigantic hoax put upon the unsuspecting American public, it is embodied in section 401k of the U.S. tax [...]

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Is the U.S. Economy Dead or Is It Just Dying?

One year ago, the entire American banking system was on life support.  It was only through the intervention of the Federal government, using the promise of a semi-infinite supply of tax dollars that some of the banks survived.  If this infusion of billions and billions of dollars of cash had not been made our entire [...]

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401k Plans Are Just a Ponzi Scheme

The 401(k) section of the Internal Revenue Service code was approved by the U.S. Government in 1978 and became effective on January 1, 1980. This plan supposedly allows employees to invest in the stock market in order to create funding for a comfortable retirement.  Ever since the 401(k) provision was created Congress has passed more [...]

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Americans Lose Billions in 401k and 529 Meltdowns – Guess Who Won

I think I’m beginning to see a trend here, one cow said to the other. Have you noticed that whenever any our friends go into that red building over there that they never come out again? I think I figured out why: I don’t think the farmer is entirely on our side… How many people [...]

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