By Patrick J. Buchanan What America was to the world in 1950, General Motors was to the nation. It was the largest and most successful company with the largest number of employees. It paid the highest wages and contributed more in taxes than any other company. During World War II, no company had contributed more to the Arsenal of Democracy and America's victory. As one wag said, "For Continue reading...
Is a Bond Crisis Inevitable?
Friday - December 31, 2010 at 1:03 am
By Patrick J. Buchanan With Christmas shoppers out in force and the stock market surging to a two-year high, talk is spreading that the long-awaited recovery is at hand. Perhaps. But gleaning the news from Europe and Asia as U.S. cities, states and the federal government sink into debt, it is difficult to believe a worldwide financial crisis that hammers governments, banks and bondholders Continue reading...
The Fed Trashes the Dollar
Tuesday - November 16, 2010 at 10:23 pm
By Patrick J. Buchanan If it is the first responsibility of the Federal Reserve to protect the dollars that Americans earn and save, is it not dereliction of duty for the Fed to pursue a policy to bleed value from those dollars? For that is what Chairman Ben Bernanke is up to with his QE2, or "quantitative easing." Translation: The Fed is committed to buy $600 billion in bonds from banks and Continue reading...
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