July 3, 2008 Sigma Bands

July 2, 2008 Sigma Bands

July 1, 2008 Sigma Bands

So what's in your wallet?

I just came across an article, on the CNN Money website, that said that Fed Chairman Ben Bernanke is not convinced that inflation is occuring in the US! I find this incredible. The Fed Chairman cannot spot inflation when the prices of gasoline, energy in general, and food prices are skyrocketing? I cannot ask the question: "What does it take to pump some sunshine up this guy's skirt?"

There is also another problem facing Bernanke and the American people. We now have a national debt in excess of nine TRILLION dollars! That's nine TRILLION not billion. My question is this. What happens when interest rates go up and the US Government needs to pay more interest on that debt? Where does the Government propose to get the money to pay the interest? Nine trillion dollars comes to a personal debt of approximately $30,000 for every man, woman and child in the US. Furthermore, the debt rises daily. Soon, it will be $40,000 and then $50,000 per person. I don't know about you but I know that I don't have that kind of money to pay my part. Do you? So, what's in your wallet?

June 30, 2008 Sigma Bands