Think you’ve got it tough? Spending up to $80 bucks to fill your tank with gasoline?
Former Federal Reserve Chairman Alan Greenspan (pictured) lives a charmed life. Besides pulling down an $8.5 million advance on his memoir, The Age of Turbulence: Adventures in a New World (topped only by Bill Clinton’s $10 million advance), he recently was treated to an orgy of media hype and hoopla usually reserved for screen idols and rock stars.
At a conference on April 16, Richard Fisher, president and chief executive officer of the Federal Reserve Bank of Dallas, warned that the U.S. economy could be facing trouble in the future. “According to official government reports,” cautioned Fisher, when it comes to wealth transfer programs including Social Security and Medicare “the gap between what we will take in and what we have promised to pay … now stands at $83.9 trillion.”
NAFTA and the Asia-Pacific Economic Cooperation (APEC) summit are not designed to improve the economic outlook of the United States or create jobs; they are simply about transferring power to a central government, regardless of jobs, as their proponents admit.
The following testimony given by W. Herbert Hunt was presented on May 2, 1980 before a House subcommittee probing the rise and fall of silver prices, amid allegations that the Hunt family had conspired to corner the silver market. As a result of the falling price of silver and other factors, however, the Hunts lost more than $1 billion in the silver market.