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 - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want … unless you own a monster tractor. U
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