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The New American Digest

For Followers of Gerard Van der Leun's Fine Work

  • About American Digest
  • About New American Digest
  • “The Name In The Stone”
  • Remembering Gerard Van der Leun
    • from the website: Through the Looking Glass
    • from the website: Barnhardt
    • from the website: Neo’s Blog
  • Articles
    • The Overland Stage
      • The Holladay Overland Stage: 1 – The Central Route
      • The Overland Stage – 2 Company Operations
      • The Overland Stage – 3 Exploring The Route – An Overview
      • The Overland Stage: 4 – South Platte/Julesburg/Ft Sedgwick
        • Jack Slade
      • The Overland Stage: 5 – Julesburg to Junction Station (aka Ft Morgan)
      • The Overland Stage: 6 – Junction Station to Latham
      • The Overland Stage: 7 – Latham Crossing to Fort Collins
      • The Overland Stage: 8 – LaPorte to Virginia Dale
      • The Overland Stage: 9 – Virginia Dale to Cooper Creek
      • The Overland Stage: 10 – Cooper Creek to Pass Creek
        • Fletcher Family
      • The Overland Stage: 11 – Pass Creek to Bridger Station
      • The Overland Stage: 12 – Bridger Pass to Duck Lake
      • The Overland Stage: 13 – Duck Lake to LaClede
      • The Overland Stage: 14 – LaClede to Almond
      • The Overland Stage: 15 – Almond to Rock Springs
      • The Overland Stage: 16 – Rock Springs to Fort Bridger
      • The Overland Stage: 17 – Fort Bridger to Weber Station

I find I don’t wish to explore new lands, but to explore again those I have already passed through, trying to see what I’d missed in the first hectic rush … Gerard Van der Leun

Home→Published 2025 → April → 10

Daily Archives: April 10, 2025

More On Money

The New American Digest Posted on April 10, 2025 by DTApril 10, 2025

I wasn't really going to get into this topic but the question came up ... and lo and behold, here's an interesting article at ZeroHedge.

"3 Shocking Truths Most People Don't Know About Money In Bank Accounts…"

www dot zerohedge dot com/personal-finance/3-shocking-truths-most-people-dont-know-about-money-bank-accounts

Read it and weep ...

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Posted in Uncategorized | 3 Replies

I Don’t Care About Blooming Daffodils …

The New American Digest Posted on April 10, 2025 by DTApril 10, 2025

I don't care about budding tulips.
I don't care about crocuses come and gone.

I don't even care about 70 degree weather.

It's now officially spring because I had to mow the lawn for the first time this season.

But the mower started right up after sitting all winter.

:)

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Posted in Uncategorized | 6 Replies

Tariffs Off The Cuff

The New American Digest Posted on April 10, 2025 by DTApril 10, 2025

I'm not an economist, not even good with stock trading. I do tend towards the Austrian school of thought but I don't recall why because it was long ago when I studied such things, was too bored with it to delve deeper, and have not looked into the details in a very long time.

But I notice people blaming Trump's tariffs for the market collapse of the past few days. Trillions of electronic dollars have been lost since Thursday; people forgetting those electronic dollars were pumped into the system since roughly Oct '23. Stock prices went up because it took more devalued dollars to buy something of more or less constant value. Gold was $35/oz when I got out of high school; a silver quarter was worth 25¢. That quarter is now worth $5.60 just in melt value. That quarter isn't worth more, this dollar is worth less.

The crash was coming; Trump's tariffs simply pushed the already shaky structure over. Sometimes it's best to tear the bandages off a festering wound of our economic "system", scrape the dead flesh away, then clean and re-bandage the wound ... or set it free to clean air to heal.

I don't think anyone not "on the inside" truly expected to find the rot as extensive and deep as it apparently is.

You don't really think that 401K is yours, do you? It's like "owning" your house; you own it until the bank or government wants it back.
You do know that when you give "money" to a bank, it becomes the bank's property, don't you? In return, they give you what in effect is an IOU.

Whether Trump's plan works or not is far too soon to tell - he hasn't been in office 3 months yet and still has to work with the Biden budget set before the election until the end of the current fiscal year Oct 1.

The government's timing of things has gotten really off-kilter: President elected in Nov, doesn't take office until January, and stuck with a budget set the October before the election; it's 9 months into the administration before the President has full control (within what Congress allows) of his policies. Makes daylight savings time seem logical.

Personally - having seen "outsourcing" since the 80s - I think tariffs are a potentially good way to turn us back into a producer nation rather than a consumer/welfare state. Next, get rid of so many cockamamie tax laws and regulations that make it cheaper to produce overseas.

As I've seen it said, the only ones not receiving benefits from taxpayer's money are the taxpayers.

I don't think its time to "buy the dip" just yet - it wouldn't surprise me to see the S&P500 down to 4000 or lower - recall it was 3800 when Biden took office and had dipped to 4100 in Oct 23 when the Fed announced it was dumping $10T into the market. It peaked around 6200 - almost a 40% increase in numbers on a computer system somewhere. Need to flush that excess funny-money out of the system. Best do it now rather than let it fester into incurable gangrene.

Assuming it hasn't gotten that far already.

Of course, now that I've spread my words of doom and gloom, the market will start going back up and the world will become full of unicorn farts and rainbows. Quoting part of QTR's disclaimer, "This post represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money."

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Posted in Uncategorized | 21 Replies

Rules

Gerard Van der Leun
12/26/45 - 1/27/23


Gerard's Last Post
(posthumous): Feb 4, 2023
"So Long. See You All a Little Further Down the Road"

When my body won’t hold me anymore
And it finally lets me free
Where will I go?
Will the trade winds take me south through Georgia grain?
Or tropical rain?
Or snow from the heavens?
Will I join with the ocean blue?
Or run into a savior true?
And shake hands laughing
And walk through the night, straight to the light
Holding the love I’ve known in my life
And no hard feelings

Avett Brothers - No Hard Feelings

The following was posted along with the announcement of Gerard's passing.
Leonard Cohen - Going Home

For a 2005 interview with Gerard


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Hey, Mr. Tambourine Man,
play a song for me
I'm not sleepy
and there ain't no place I'm goin' to

Hey, Mr. Tambourine Man,
play a song for me
In the jingle jangle morning,
I'll come followin' you

Take me for a trip upon
your magic swirling ship
All my senses have been stripped
And my hands can't feel to grip
And my toes too numb to step
Wait only for my boot heels to be wanderin'

I'm ready to go anywhere,
I'm ready for to fade
Unto my own parade
Cast your dancing spell my way
I promise to go under it


Men who saw night coming down about them could somehow act as if they stood at the edge of dawn.


From Gerard's site. The picture always caught my eye.

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