i record BookTV since it is the most accurate way for me to get information. I find most of the media analsys superficial. I recently came accross the Historian: HW Brands. and plan to feature some of his discussions on my blog. I find him to be a clear thinker and unbiased.
H W BRANDS ON TRUMAN AND THE ATOMIC BOMB
The producer of this video makes important points about the interest payments on the national debt that SOME of you are not aware of;
BUT I CANNOT BELIEVE THAT THE PRODUCER BLEW IT!!!! he left out the most important point!!!
The scary issue: what happens when the federal reserve has to raise interest rates to combat inflation?
Today, those of you with certs of deposit know they pay a measly 1% because the federal rate is less than 1%!!!!
If you are older than 45, you might remember when the Fed Rate exceeded 20% under Carter.
If the Fed Rate goes up to combat inflation , like many INVESTORS ARE BETTING ON, then the INTEREST ON THE DEBT will bring our government to a screeching HALT.
watch the video, click on (more)
A very interesting column. COMPLETELY NEUTRAL 9some argue he is a closet Repbulican; others argue he is a closet Democrat)
Be sure to Read the Poem at the end.
Charley Reese's final column for the Orlando Sentinel...
He has been a journalist for 49 years.
He is retiring and this is HIS LAST COLUMN.
