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The emerging evidence of hyperinflation
The emerging evidence of hyperinflation Note: all references to inflation are of the quantity of money and not to the effect on prices unless otherwise indicated. In last week’s article I showed why empirical evidence of fiat money collapses are relevant to monetary conditions today. In this article I explain why the purchasing power of […]
Penalizing Prudence
PENALIZING PRUDENCE “Economy, prudence, and a simple life are the sure masters of need, and will often accomplish that which, their opposites, with a fortune at hand, will fail to do.” – Clara Barton “Affairs are easier of entrance than of exit; and it is but common prudence to see our way out before we venture […]
The Empire of Uncertainty
The Empire of Uncertainty Anyone claiming they can project the trajectory of the U.S. and global economy is deluding themselves. Normalcy depends entirely on everyday life being predictable. To be predictable, life must be stable, which means that there is a high level of certainty in every aspect of life. The world has entered an era […]
The Propaganda Game & Nothing But Blue Skies
The Propaganda Game & Nothing But Blue Skies COMMENT: I don’t know if anyone has informed you of this, but the UK government is heavily advertising their new Track and Trace app on all platforms. I’ve seen it on Youtube, Reddit, Facebook, Instagram, Google Ads and not to mention billboards on every street corner and bus […]
The Fed Has Given Big Business A Huge Advantage
The Fed Has Given Big Business A Huge Advantage And Its Gone! The last few months have been painful for small businesses across America. These businesses often have a difficult time getting a bank loan. Bubbling up to the surface is the recognition the Fed has played a major role in pushing inequality higher. This was […]
The Political Economy of Deep Decarbonization: Tradable Energy Quotas for Energy Descent Futures
The Political Economy of Deep Decarbonization: Tradable Energy Quotas for Energy Descent Futures Abstract This paper reviews and analyses a decarbonization policy called the Tradable Energy Quotas (TEQs) system developed by David Fleming. The TEQs system involves rationing fossil fuel energy use for a nation on the basis of either a contracting carbon emission budget […]
What If Preventing Collapse Isn’t Profitable?
What If Preventing Collapse Isn’t Profitable? The real downside of the green-profit narrative has been that it created the assumption in many people’s minds that the solution to climate change and other environmental dilemmas is technical, and that policy makers and industrialists will implement it for us, so that the way we live doesn’t need […]
Today’s Contemplation: Collapse Cometh IV
Today’s Contemplation: Collapse Cometh IV Tulum, Mexico (1986) Photo by author My comment on an article in The Tyee about our federal government’s latest throne speech by Prime Minister Justin Trudeau (https://thetyee.ca/Analysis/2020/09/24/Throne-Speech-Stew/). _____ The idea that a sovereign nation can never run into trouble financially because it can create its own currency is certainly the […]
Can We Trust the Future at All?
Can We Trust the Future at All? QUESTION: What did Martin mean by gold having a 21 year high. I simply can’t see how it is possible for it not to go up from here as sovereign debt collapses and printing presses are on turbo I’ll be getting the gold report when it’s out but…. I’m […]
Reaching the End of Early Stimulus – What’s Ahead?
Reaching the End of Early Stimulus – What’s Ahead? Many people thought that COVID-19 would be gone with a short shutdown. They also thought that the world’s economic problems could be cured with a six month “dose” of stimulus. It is increasingly clear that neither of these assumptions is correct. Despite the claims of epidemiologists, our […]
The Debt Crisis Is Mounting For Oil Economies
The Debt Crisis Is Mounting For Oil Economies Dubai. Abu Dhabi. Bahrain. And, of course, Saudi Arabia. The two emirates this year issued debt for the first time in years. So did Bahrain. Saudi Arabia stepped up its debt issuance. The moves are typical for the oil-dependent Gulf economies. When the going is good, the […]
Keynesian Ideas Can Only Make Things Worse
KEYNESIAN IDEAS CAN ONLY MAKE THINGS WORSE In the New York Times on September 8, 2020, Paul Krugman suggested that “The CARES Act, enacted in March, gave the unemployed an extra $600 a week in benefits. This supplement played a crucial role in limiting extreme hardship; poverty may even have gone down”. For Krugman and […]
Hyperinflation, Fascism and War: How the New World Order May Be Defeated Once More
Hyperinflation, Fascism and War: How the New World Order May Be Defeated Once More While the world’s attention is absorbed by tectonic shifts unfolding across America as “a perfect storm of civil war, and military coup threatens to undo both the elections and the very foundations of the republic itself, something very ominous has appeared “off […]
