TRUE BORN SONS OF LIBERTY

No ads, no remuneration. Die Gedanken sind wirklich frei. The tyrant "has desires which he is utterly unable to satisfy, and has more wants than any one, and is truly poor, if you know how to inspect the whole soul of him: all his life long he is beset with fear and is full of convulsions, and distractions, even as the State which he resembles."

Flight to safety in September or just rebalancing?

No DOGE savings show up in April US Treasury Statement of Receipts and Outlays of the Federal Government, but higher deficits sure do, $194 billion higher year to date than last year

In the age of everything that is good is awesome, everything bad must be an emergency

As predicted, the hubris of Elon Musk's promises of $2 trillion in DOGE savings now crashes on the rocks of reality as he promises only $150 billion in savings in FY 2026

No DOGE savings show up in March US Treasury Statement of Receipts and Outlays of the Federal Government, but higher deficits sure do, $242 billion higher year to date than last year

Ambrose Evans-Pritchard: Trump will stop at nothing in his quest for imperial power and will destroy the credibility of US Treasury debt

Government belt-tightening theatre at CNBC: Social Security new proofing procedures requiring in person visits are a joke, a costly upheaval designed to stop a puny problem

The federal government farts through $20 billion a day, Social Security under Trump boasts of finding $800 million in savings for fiscal year 2025

Four gold bars in possession of Senator Bob Menendez traced to 2013 armed robbery of Fred Daibes, who is accused of bribing Menendez

Senator Menendez starts the week telling an amusing anecdote about all that cash found in his home, doesn't explain how the briber's DNA got on the envelope

Fidelity Investments: Average retirement account in 2022 fell to $104,000

OK, you can safely return to hating the banks now

If you haven't saved enough for an emergency, it's on you, and borrowing money for an emergency when you have it is another stupid thing which is on you

Through Oct 14 the traditional 60/40 401k portfolio is down a net 21% in 2022, not counting inflation

The long-term gains from a higher savings rate will trounce the gains from earning higher returns

Inflation trader squeals like a stuck pig, fears QT will soon lead to the sort of stock event you tell the grandchildren about

America and its people have added over $12 trillion to their total credit market debt outstanding just since 2019, but that has done little but stall the decline of debt growth

If this level of inflation keeps up, the value of your nestegg will be cut in half in less than 9 years

Not the rainy day your mother had in mind: Janet Yellen whips out her tin ear for politics, suggests you use your savings to weather inflation

Sometimes the UK Daily Mail can screw up a story as badly as The Grauniad, but Drudge is even worse