To oppose corruption in government is the highest obligation of patriotism.
Thus, open taxes at some level serve to perpetuate public ignorance which is essential to the success of the scheme. The second reason is that taxes, particularly progressive taxes, are weapons by whi...
The FHA-induced easy credit began to push up the price of houses for the middle class, and that quickly offset any real advantage of the subsidy.
They add up to one thing: the building of world socialism.
The weakest S&L's paid the highest interest rates to attract depositors and they are the ones which obtained the large blocks of brokered funds. Brokers no longer cared how weak the operation was, bec...
LAW: Long-term price stability is possible only when the money supply is based upon the gold (or silver) supply without government interference.
The result will be the expansion of government.
While the Marxists were promising a chicken in every pot, the New Dealers were winning elections by pushing for a house on every lot. In
Led by Communist organizers, mobs roamed the streets shouting We're hungry. Steal what you will! The nation was hopelessly in debt with no way to repay.
Deals began to go sour, and 1979 was the first year since the Great Depression of the 1930s that the total net worth of federally insured S&Ls became negative. And that was despite expansion almost ev...
The Gam-St. Germain Act allowed the thrifts to lend an amount of money equal to the appraised value of real estate rather than the market value. It wasn't long before appraisers were receiving handsom...
From 1981 to 1991, the average return on ten-year Treasury bills was 10.4 per cent; the Dow Jones Industrial Average was 12.9 per cent; and the average return on so-called junk bonds was 14.1 per cent...
Behind the troubled banks and the increasingly troubled insurance agencies stands the full faith and credit of the Government—in effect, a promise, sure to be honored by Congress, that all citizens wi...
And so, when more than 1900 S&L's went belly-up in the Great Depression, Herbert Hoover—and a most willing Congress—created the Federal Home Loan Bank Board to protect depositors in the future.
Zimbabwe (formerly Rhodesia) is a classic case. After its independence, the leftist government nationalized (confiscated) many of the farms previously owned by white settlers. The most desirable of th...
So they demonstrate in the streets in protest, they riot in the commercial sections of town so they can steal goods from stores, and they throng to the banner of politicians who promise to restore or...
Since the S&Ls were required to have $1 in capital for every $33 held in deposits, an appraisal that exceeded market value by $1 million could be used to pyramid $33 million in deposits from Wall Stre...