Tag: finance

Written by WRITTEN BY J DARENSBURG

Petro-America

For the past 60-plus years, the USA has attached its currency to petroleum, and more recently, natural gas. Ever since President Nixon took America off the Gold Standard in 1972, the USA has been on the Oil Standard [“Petro dollars”]. The key to the dollar being the reserve currency of the world is OIL, plain […]

Written by WRITTEN BY J DARENSBURG

Concerning the General Power of Taxation

In Federalist Paper #30, Alexander Hamilton argues that the new American government must possess unrestrained power to impose taxes to support all the basic functions of that government – particularly the power to raise and supply an army or militia. He mentions building fleets and paying debts, but most of his examples deal with the […]