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“Panicking” Central Banks to Power Gold Higher
“Panicking” Central Banks to Power Gold Higher This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Institutions will be the drivers of gold demand, Ray Dalio issues warning about the greenback, and silver believers could soon be rewarded. Institutional demand will power gold prices […]
Blain’s Morning Porridge – Sept 22nd 2020: Rocketmen and Viruses
Blain’s Morning Porridge – Sept 22nd 2020: Rocketmen and Viruses “I’m the King of rock and roll, completely…” From the Ministry of Common Sense: “To celebrate this morning’s Autumn Equinox, we’ve decided to commit economic suicide.” The pandemic is a pernicious little beast. It clearly eats away brains. Rising infections are a risk. In the […]
The ‘new normal’ has been postponed (and probably canceled)
The ‘new normal’ has been postponed (and probably canceled) There remains a hope that once we get past the economic and social effects of the pandemic, all of us will be able to return to something resembling normal life before the pandemic—even if it is a “new normal” marked by heightened vigilance and protection against […]
Inflation as a Tool of the Radical Left
Inflation as a Tool of the Radical Left “Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch its currency….Lenin was certainly right. There is no subtler, no surer way of overturning the existing basis of society than to debauch the currency. The process engages all the […]
How to Tackle the Depression Head On
How to Tackle the Depression Head On “I want to see people get money.” – Donald J. Trump, U.S. President, September 17, 2020 “Now is not the time to worry about shrinking the deficit or shrinking the Fed balance sheet.” – Steven Mnuchin, U.S. Secretary of the Treasury, September 14, 2020 Money for the People The real […]
Fed’s GDP and Unemployment Projections: Who Believes Them?
Fed’s GDP and Unemployment Projections: Who Believes Them? In addition to its blather about interest rates, the Fed also made numerous economic projections. Economic Projections Please consider the Economic Projections of FOMC Participants under their individual assumptions of appropriate monetary policy, September 2020. Fed’s GDP, Unemployment, PCE Inflation Projections GDP Projection The Fed believes GDP will only […]
Unspoken Truth
Unspoken Truth We all know it yet the unspoken truth deserves to be said out aloud. You all heard the phrases ‘Don’t fight the Fed’, and ‘ there is no alternative’. Can we be clear what these phrases really mean? They mean people are buying assets at prices they otherwise wouldn’t because a central planning committee is […]
“Inflation” and America’s Accelerating Class War
“Inflation” and America’s Accelerating Class War Those who don’t see the fragmentation, the scarcities and the battlelines being drawn will be surprised by the acceleration of the unraveling. I recently came across the idea that inflation is a two-factor optimization problem: inflation is necessary for the macro-economy (or so we’re told) and so the trick for policy makers […]
Collapse Is A Process, Not An Event
Collapse Is A Process, Not An Event How does one ‘get ahead’ during hard times? Look, I’m a systems guy. I think in systems terms. You should as well. Why? Because we’re entering a period of time when the major systems that have supported humanity are going to fail. Or, put more accurately: they are already failing. […]
America’s Fiscal Follies Are Dangerously in the Red
AMERICA’S FISCAL FOLLIES ARE DANGEROUSLY IN THE RED The Congressional Budget Office has recently issued a federal “Budget Outlook Update” for the next ten years in the context of the government’s fiscal condition in the face of the coronavirus and Washington’s spending spree. The message: the deficit for fiscal year 2020 is huge, and the national debt […]
Corruption is Neither Left nor Right
Corruption is Neither Left nor Right QUESTION: The supporters of the left side and of the state/public sector always mention that the private sector is the one that suffers as in general (ex. 2008/2009 AIG case) the public always comes at the end as a fire brigade to save the world. How would we answer technically […]
China is killing the dollar
China is killing the dollar In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of importing industrial materials to a more aggressive stance. In examining the rationale behind this move, this article concludes that while there are […]
“The Focus is ‘Enough’ Rather Than ‘More’”
“The Focus is ‘Enough’ Rather Than ‘More’” The mainstream economics notion that unfettered growth accompanied by greater consumption and productivity benefits society is false, argues Rob Dietz, Program Director at the Post Carbon Institute. In an interview with getAbstract, he shares his vision of a new economic way forward. getAbstract: In a nutshell, could you give […]
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 Energies 2020, 13(17), 4304; https://doi.org/10.3390/en13174304 (This article belongs to the Special Issue Rethinking Energy: Earth System Science Approaches 2020) Download PDF 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 […]
