Regína sacratíssimi Rosárii, ora pro nobis!

Our Lady of the Rosary Old Roman Catholic Church

Revised: 24 September AD 2020
Our Lady of Ransom

Economics & Morality

Our Lady of the Rosary Old Roman Catholic Church,
  144 North Federal Highway,
Deerfield Beach, Florida

Telephone: 954-428-2428

Authentic Catholic Mass, Doctrine, and Moral Teaching
Don't do without them
Don't accept one without the others!

The Gross National Debt


Thomas R Eddlam - "Budget "Compromise" Would Increase Deficit from $1.29T to $1.58T"

Bret Arend - "IMF bombshell: Age of America nears end"

Jacob Hornberger - "Thanks to the Fed, They Already Are Defaulting"

Doug Bandow - "Rescue the Republican Party from the Interventionists"

Congress raises debt ceiling to $14.3 trillion  February 4, 2010

Congress raises debt ceiling to $12.4 trillion  Dec 24, 2009 

Bloomberg - "Obama Raises ‘10 Deficit Outlook 19% to $1.5 Trillion" Aug 25 '09 [Unemployment up too]

Bill Walker - Our $100 Trillion National Debt [100 not 10.6, not 12.14, not 12.4 and not 14.3!] 

Statement of Richard W. Fisher, President of the Dallas Federal Reserve

H.R.1  American Recovery and Reinvestment Act of 2009 (Public Print)

SEC. 1902. INCREASE IN PUBLIC DEBT LIMIT.  Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting `$12,140,000,000,000'.

USA Roday: Leap in U.S. debt hits taxpayers with 12% more red ink  May 28 AD 2009
$546,668 per household
"Honest" national debt $63.8 trillion.

CNN Money - "Americans' wealth drops $1.3 trillion" [in 1st Q-2009]

Jim Quinn - "The Federal Reserve Must Die"  Long but good - history and nature of the problem of the FED.

Another FED President speaks the truth:  Alan Rappeport (FT) "Lone voice warns of debt threat to Fed"
February 16 2010

Economist Says National Debt Really $211 Trillion


“Economics ... is the science of tracing the effects of some proposed or existing policy not only on some special interest in the short run, but on the general interest in the long run.”
~ Henry Hazlitt, Economics in One Lesson, p.191



Fun Calculators for Kids
Hat tip to Angelica Landicho

Financial Calculators
Hat tip to Cora and Ms. Tracy Edward
Community Financial Literacy Club

Best Personal Loans for 2019
Hat tip to Andrew Rombach

Life lessons: Teaching Kids About Money
Hat tip to Keri Evans—Mathematics Teacher

Understanding Financial Literacy
Hat tip to Brooke & Ava Gray
Caution advised with other modules on the "Masters in Accounting" site—especially the one about the Great Depression
(contains Keynesian economic nonsense).

Money Resource Guide for Young People and some not so Young
Hat tip to Kendal and her tutor Nancy Greenwood

Thomas Woods: Takedown of a Left-wing Cardinal

Bishops Love Affair with raising the Minimum Wage

Ann Barnhardt -- FDR and Montgomery Ward

The United Nations’ Big Green Machine,
by Helen Chenoweth-Hage

Stellar Father Guarnizo
On Communism, Socialism And Christianity

Fisher Investments-Annuity Assist
(Hat-tip to Mary Lowe)

Bread, butter, and food stamp economy: Is the US developing a permanent under-class of citizens economically?

Credits and Debits: Understanding Practical Money Management
Thanks to Suzy!

The Hurricane Sandy Gas Price
Excellent article on anti-gouging laws

Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does

The Collapsing US Economy and the end of the world

How Hyperinflation Could Start in America

America's Next TARP Model - U.S. government loaned banks $7.7 trillion in secret bailout funds at no interest and then borrowed the money back at interest!

MF Global steals from....

To my Valued Employees

Heidi's bar

"Whose Bread I Eat - His Song I Must Sing"

Economist Says National Debt Really $211 Trillion

Economic De-population of the Heartland

The Problem With Public Housing

Four Big Lies in Debt Limit Debate

### =
 Iraq War Cost

Wars' Costs Pegged at $4 trillion; $20 billion a Year for Air Conditioning

Dow Jones Industrial Average

Other Dow Jones Average Charts  from Yahoo!

1 Year Gold Prices from

[Most Recent Quotes from]

We have found the source of the cash liquidity crisis.

What a Trillion Dollars looks like in $100 bills.
Pay attention to the silhouette in the lower left hand corner.

Even Better--What the National Debt Looks Like--And Then,
The Unfunded Liabilities

How Government Works

Political Science for Dummies

Tax Poem

Hints for your Survival Garden

What's a Billion? - A civic project to track Congress - Center for Responsive Politics

The Tax Foundation

The Mint Act of 1792

Contacting the Congress

Contact Your Representatives in Congress



Fisher Investments-Annuity Assist
(Hat-tip to Mary Lowe)

Stellar Father Guarnizo
On Communism, Socialism And Christianity

Articles from the Parish Priest

Essential Books

Foundation for Economic Education Online Library

The First Great Depression

Timeline of the Great Depression (Under Construction)


    President Andrew Jackson, in discussing the Bank Renewal bill with a delegation of bankers in 1832,  said, "Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out."

Dare We Call This One a Depression?

David Gordon Bibliography on the Great Depression

The Gold Standard

1 Year Gold Prices from

Wall Street Economic "Reform"

Articles Off Site  (Caveat Lector!)



Church Documents on Economics and Morality
Popes, Bishops, Priests, and Religious—much like Politicians— often write about what "ought to be," without careful consideration of how what ought to be can be achieved in actual practice, and what secondary effects it will produce—one cannot change economic reality by decree.  Particularly with some of the earlier documents, one must recognize that the use and nature of money has changed over the centuries.


Lateran V- Pope Leo X

Pope Benedict XIV

Pope Leo XIII

Pope Saint Pius X

Pope Pius XI

Pope Pius XII

Post Vatican II—Caveat lector
Politely stated, the Vatican II era represents "a Gestalt shift" in the Catholic approach to reality—less politely, one would say "a heresy."  The Modernism condemned by Pope Saint Pius X in Pascendi  and the Marxism and Existentialism condemned by Pope Pius XII in Humani generis are evident in many of the writings of the period.  Modernism, Marxism, and Existentialism all assume a flexible reality dependent on human actions, opinions, and consensus, quite at odds with the fixed reality in the mind of an unchanging God.  "Caveat lector—let the reader beware."

Pope John XXIII

Pope Paul VI

Pope John Paul II

Pope Benedict XVI

  Pope Francis

Comments on Encyclicals & Church teaching



Dei via est íntegra


Our Lady of the Rosary, 144 North Federal Highway (US#1), Deerfield Beach, Florida 33441  954+428-2428
Authentic  Catholic Mass, Doctrine, and Moral Teaching -- Don't do without them -- 
Don't accept one without the others!