Mandeville, LA – Exclusive Transcript – "According to the Reuters News Agency, the Sparkasse Bank in Chemnitz recently issued a MasterCard adorned with the hoary visage of Marx himself. So, now you can get a MasterCard Karl Marx edition. Doesn’t this play right into Marx’s adage that the capitalist would sell the very rope that would be used to hang himself?" Check out today’s transcript for the rest…
Mandeville, LA - Exclusive Video and Audio - There's a headline at cbsnews.com that says that "Can US Consumers Save The Economy?". But isn't consumerism what's wrong with America? Isn't there another school of thought, from Wilhelm Röpke and others, that says that consuming will not get us out of debt? So this article is nothing more than an attempt at trying to get Americans to try and get their butts off the wealth of cash they are hording and SPEND SPEND SPEND. But the article also states that Americans are also using more credit cards for purchases, more student loans, and more financing for cars and such. So what does that tell us? That they are BORROWING more! That most Americans don't have any cash to spend! And... that most of us are acting like the Congress that we supposedly abhor by borrowing against our future. For more on this, be sure and check out today's Founders TV and sign up for a Founders Pass if you haven't already!