The Biden Administration is rolling out the Red Carpet for the nations of Africa. It began in mid-December, when President Biden, Secretary of State Anthony Blinken, and Secretary of the Treasury Janet Yellen hosted the US-Africa Leadership Conference, the first such overture to Africa in nine years. Secretary Yellen is…

Energy shapes the modern world. And today, our primary energy sources remain traditional carbon-based energy, oil, natural gas, and coal. In the United States, these three energy sources, oil, natural gas, and coal, represent about 80% of our current energy source. …

On Tuesday, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, announced that they will accept payment for their oil in many different currencies. Thus breaking their exclusive arrangement with the US Dollar that had lasted for half a century. In the closing months of 1973, America was…

I don’t need to tell you that a Scandal has captured our national leadership. Recent disclosures include improper custody of Top Secret Documents, questionable business ventures with foreign powers, and the troubled behavior of a wayward son. Scandal always presents an ordeal for the nation. The President’s supporters generally try…

A friend of mine ran the local sandwich shop. He was a fellow escapee from the corporate world and came to rural Pennsylvania to pursue a calmer lifestyle. You may know the type. One day I was telling him how much I enjoyed having lunch here. He surprised me when…

Terrible things happened in Ukraine last week, things that are likely to set the future course of this conflict. Unfortunately, these events may come as a complete shock to the financial markets and the American public. Last week, Russia took tremendous strides toward defeating Ukraine, events which should sound like…

We are at the point in the Business Cycle when we can expect some marginal businesses to fail. You’ve undoubtedly already seen this in your hometown, the local shop that closed, the specialty store that suddenly shut its doors for good. When financial conditions change, what was once a highly…

At the beginning of the first millennia AD, the Roman Empire ruled the world. For nearly 200 years, Rome dominated the area surrounding the Mediterranean and was able to provide peace and prosperity for its citizens. Today, early in the Third Millennium, we are watching another Great Nation lose its…

The Federal Reserve’s Interest Rate policy has been on life-support since this new century began. In these 22 years, the Fed has tried to raise interest rates four times, only to fail each time. In 2001, after hiking rates, the Fed retreated in anticipation of the 2001 Recession. Again in…