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Dave Collum: 2020 Year in Review (Part 1)
Dave Collum: 2020 Year in Review (Part 1) Making sense of the craziest year we’ve yet lived through Introduction David Collum is willfully ignorant. ~ Mountain Man (@Pjas77) Imagine, if you will, a man wakes up from a year-long induced coma—a long hauler of a higher order—to a world gone mad. During his slumber, the […]
Make Your ‘Dent In The Universe’
Make Your ‘Dent In The Universe’ Guy Kawasaki’s advice for finding fulfillment in both work & life Having spent a career launching iconic products — including Apple’s first Macintosh computer — Guy Kawasaki knows a thing or two about what leads to success and fulfillment in both business and life. These are insights more and […]
Why Are Mainstream Economic Forecasts So Often Wrong?
Why Are Mainstream Economic Forecasts So Often Wrong? Every end of the year, by the end of the year, we receive numerous estimates of global GDP growth and inflation for the following year. Historically, almost in all cases, expectations of inflation and growth are too optimistic in December for the following year. If we look […]
2021 is Going to be Rough!
2021 is Going to be Rough! Or – what does a falling dollar have to do with homesteading? I can’t wait to get away from Covid coverage. I’ve learned a lot, helped many, and yet I’m really anxious to get back to my main work in the world, which has to do with cultivating resilience. […]
The U.S. Continues To Import A Record Amount Of Silver While Flows Into India Nearly Dry Up
The U.S. Continues To Import A Record Amount Of Silver While Flows Into India Nearly Dry Up U.S. demand for silver continued to remain strong as imports surged higher in September after a decline in August. However, the opposite was true for India as silver imports during the same month collapsed to an all-time low. […]
U.S. Treasury “Major Security Incident” (Whoops!) Reveals Near-Universal Risk
U.S. Treasury “Major Security Incident” (Whoops!) Reveals Near-Universal Risk CQ Roll Call file photo One thing is certain, 2020 isn’t over yet. In what could be called one of the major gaffes of the year, The U.S. Department of the Treasury was hacked, and the hack could have been carried out by foreign entities. One person even told the Washington […]
Cash-Strapped Iraq Drastically Devalues Dinar As Fears Of Nationwide Unrest Grow
Cash-Strapped Iraq Drastically Devalues Dinar As Fears Of Nationwide Unrest Grow According to the latest IMF forecasts, Iraq’s GDP will contract 12% this year, more than that of any other OPEC member under a production quota. A global pandemic-induced demand slump (among other domestic issues) has pushed Iraq – under its OPEC membership – to slash oil production […]
The Fed Wrecked the World’s Most Important Market
The Fed Wrecked the World’s Most Important Market Do you wish to know where the economy is heading? The bond market holds the answer, say the veterans. The birds of the moment, the flighty birds, flock to the stock market. But the owls nest in the bond market. The owls are the wiseacres. The Federal Reserve’s […]
Open Letter to Gregory Mankiw From Keith Weiner
OPEN LETTER TO GREGORY MANKIW FROM KEITH WEINER Dear Professor Mankiw: I am writing in response to your article in the New York Times, “The Puzzle of Low Interest Rates”. I commend you for recognizing two important truths, which are missed by many other observers. One, that there has been a breathtaking drop in the […]
What Would Happen If the Fed Ceased to Exist?
What Would Happen If the Fed Ceased to Exist? Extremes get more extreme until risk breaks out; then the reversal will be as extreme as the bubble expansion. What would happen if the Federal Reserve ceased to exist? We all know the answer: global markets would instantly collapse and the global financial system, now entirely dependent […]
Re-regionalisation as a pathway to diverse regenerative economies
Bioregions Map (Image Source: Ecotrust) Re-regionalisation as a pathway to diverse regenerative economies If we want to create healthy economies that protect rather than destroy local ecosystems, we will need to rewrite international trade rules in ways that include the social and ecological costs of production and consumptions, as well as trade. We need to protect […]
From a Hamilton Moment to Perpetual Debt Slaves: This Is the True Face of the EU
From a Hamilton Moment to Perpetual Debt Slaves: This Is the True Face of the EU Over the summer while the U.S. was mired in the worst kind of color revolution with race riots, economic shutdowns and the worst kind of divisive politics, the European Union was celebrating its great achievement. A seven-year budget and […]
Why Site C Construction Should Stop Today
Why Site C Construction Should Stop Today The BC government has failed in its oversight role, say a former BC Hydro CEO and a veteran dam engineer. Construction on the Site C powerhouse continues despite known geotechnical risks. Photo: BC Hydro. Site C is the most expensive publicly funded infrastructure project in British Columbia’s history and […]
Survival of the Biggest
Survival of the Biggest Small Business Slaughter Triumph of Bigness Zombie Companies Small Business Startups Are Increasing Final Thoughts and Valuations The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process… At the heart of capitalism is creative destruction. …Situations emerge in the process of creative destruction […]
Austria bucking Trend Against Digital Currency
Austria bucking Trend Against Digital Currency The Austrian National Bank has started an information campaign to support cash. It remains to be seen whether it is on a collision course with the ECB. There will be rising resistance to this scheme to eliminate paper money and force everyone into a digital currency. I would expect you will see […]
