I thought the US would suffer a financial panic when the T Bill auctions failed. Currently the world isn't interested in buying American debt - the returns are too low and the risk is much to high (I don;t think anyone could look at the US financial picture and think it was AAA rated). The fed is creating money with a few key strokes on a computer (doesn't even bother to print it) and buying up massive amounts of US debt.
The US is doing exactly what the Weimar Republic did in the 1920s and what Zimbabwe recently has done (probaby where our Kenyan got the idea).
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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