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Showing posts from September, 2017

Falcons Owner Outrages-a Teachable Moment

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Falcons First Game As a kid of eleven, in 1966 I attended the very first Atlanta Falcons game, a loss to the Rams 19-14.   That was during a time when any number of war veterans were playing in the league.    Researching the subject, I learned some interesting facts.   For example, well over 1,000 NFL players have served in the Armed Forces.   During World War II, 995 NFL players quit football to serve their country. 23 died. Over 200 NFL players fought in Korea.  28 NFL players fought in Vietnam.   Several have fought in the Middle East, three of them, so far, giving the ultimate sacrifice.   Among them was former All-Pro Pat Tillman, who after 9/11 left the NFL in his prime to fight in Afghanistan, and who was unfortunately killed by friendly fire. Tom Landry B-17 Pilot The late NFL Hall of Fame Coach Tom Landry was a B-17 pilot.   He flew 30 missions over Europe during WWII.   Landry’s first Dallas Cowboys quarterback, and former Atlanta Falcon ex

Fed Inflation Target-A Mask for Theft

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If you pay attention to these things, you know that last week the Fed missed its “2% inflation target” once again.   But have you ever stopped to wonder why the Federal Reserve wants inflation?   Let’s examine the Fed’s so-called, “2% inflation target,” and understand what it is really all about. Since 1913 the Fed’s policies have caused the US dollar to lose 95% of its value.   And the central bank's oft-stated purpose is to inflate the currency even more. Were the Fed to achieve its 2% inflation target, over ten years that would mean that your money would be worth 22% less than today.   If met for 20 years, that figure would rise to 49%.   That means that on average your cost of living would go up by that same amount.   Now think about that for a moment.   If it costs each American 49% more to live 20 years from now, living the same livelihood they do today, that means that there must be at least 49% more dollars circulating in 20 years to pay those same costs.   A

The Dollars and Sense of Disaster Relief

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Checked the price of lumber lately?   It is out of sight, friends.   And the pundits have been saying the building industry is dead.   Really?   Okay, granted, a couple of “largest hurricanes ever,” making direct hits on major population centers, occupied by millions of inhabitants, their homes, local businesses and elements of vital infrastructure severely damaged or completely destroyed, all within two weeks, does generate a little demand for building materials, and the services to install them.  That’s the old supply and demand curve at work.   Nothing wrong with that. Regarding the flooding in Texas, the damage estimates I’m reading range from $150-180 billion.   As I write, and as Irma slashes its way northward, the estimates run from $49 to $200 billion.   So let’s just assume that the costs of these hurricanes will end up northward of a quarter of a trillion dollars or so.   Question: Where will the dollars to pay those costs come from? Insurance companies?