Accountability;The path of recovery

"Restoring responsibility and accountability is essential to the economic and fiscal health of our nation." ~ Carl Levin

 
“It is wrong and immoral to seek to escape the consequences of one's acts.” ~ Mahatma Gandhi

 
“A body of men holding themselves accountable to nobody ought not to be trusted by anybody.” ~ Thomas Paine


















As I look back to our recent "Great Recession", it is

The Invisible US Great Depression

According to Al Lewis on The News Hub, we’re actually in a depression right now, but most people don’t see it. One out of seven Americans are on food stamps – if they weren’t getting cards in the mail every month, you’d see them in soup lines. Millions of home in foreclosure or bank owned and you don’t know it, because the banks aren’t releasing them to the market. Watch the video below.

SEC Stops $15 Million Investment Scam

The Securities and Exchange Commission (SEC) announced
fraud charges and an emergency asset freeze against a Denver-based
company and two Colorado residents for allegedly carrying out a $15.7
million Ponzi scheme that dragged in more than 120 investors nationwide. The SEC alleges that Michael J. Turnock and William P. Sullivan II
sold promissory notes to investors with the promise of annual

A Global Gold Standard

In the absence of the gold standard, there is no way to protect
savings from confiscation through inflation. There is no safe store of
value. If there were, the government would have to make its holding
illegal, as was done in the case of gold. If everyone decided, for
example, to convert all his bank deposits to silver or copper or any
other good, and thereafter declined to accept checks

Investors Yank Another $5.68 Billion from U.S. Equity Funds

Outflows from U.S. equity funds show no signs of letting up, according to the latest statistics from the Investment Company Institute. For the week ended Aug. 1, investors pulled an estimated $5.68 billion from funds that invest long-term in U.S. equities, more than twice the $2.13 billion they withdrew the week before. Since the beginning of the year, U.S. stock funds have lost more than $64

If you think that money market funds are just another checking account...

Many investors when they close their equity positions and need a place to park their cash, they do not use their checking account. Most of them will sell their stocks and let their stock broker place the proceeds into a money market fund. Nothing wrong with that if you are aware the risks associated with this type of account. Many investors when they receive their monthly investment statement and