People consider Federal Reserve notes, U.S. dollars, to be real money. This includes their digital equivalent in bank and credit card statements and Treasury-issued base metal coins. As a unit of account, all goods and services, and land and labor are priced in U.S. dollars. Declared legal tender, Federal Reserve notes are the country’s medium of exchange.
Debt on debt is not going create wealth. The world is swimming in unfathomable debt. The question is, when will this global economic system go down in flames?Read More
In late March, President Obama took a week-long trip through Europe which included a stop of less than 24 hours in Brussels, Belgium for meetings with the European Union and NATO. The president stayed at The Hotel, a twenty-seven story hotel in the center of the city. The estimated cost for the president’s stay, including about two weeks for an advance...
The State Department misplaced and lost some $6 billion due to the improper filing of contracts during the past six years, mainly during the tenure of former Secretary of State Hilary Clinton, according to a newly released Inspector General report.