QotD: We will be forced to live within our means

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As we have described for several years, the U.S.  economy is virtually locked into a long arc of decline. There are no politically palatable solutions to the quandary. Until Americans are ready to take their lumps and accept a steep drop in their standard of living, the U.S. government will have no leverage with the…

Bank Bailout: how it could have been done (another approach)

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I already talked about an alternate way that the Bank Bailout could have been orchestrated, but that got me thinking… here’s another idea: Interest Rates Why haven’t people been saving much (until just recently)? Interest rates have been crappy! Honestly, they’re not keeping up with inflation, so why would the average American save money in…

Carrying Cash now considered “suspicious,” detainable by TSA

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Years ago banks were required to notify the government if someone withdrew or transferred $10,000 or more from their bank account. People were also required to declare if they were “exporting” $10,000 or more when traveling outside of the United States (including Mexico and Canada). The “magic number” has always been $10,000. That is, until…