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Hyperinflation is Becoming Common in The 21st Century
Hyperinflation is Becoming Common in The 21st Century How destructive is hyperinflation? To quote economist Thomas Sowell, “Hyperinflation can take virtually your entire life’s savings, without the government having to bother raising the official tax rate at all.” A number of countries are currently experiencing the destructive effects of hyperinflation. With the Venezuelan Bolivar at […]
The True Size Of The U.S. National Debt, Including Unfunded Liabilities, Is 222 Trillion Dollars
The True Size Of The U.S. National Debt, Including Unfunded Liabilities, Is 222 Trillion Dollars The United States is on a path to financial ruin, and everyone can see what is happening, but nobody can seem to come up with a way to stop it. According to the U.S. Treasury, the federal government is currently 22 […]
Blain: When This Insane Monetary Experiment Ends You Will Have Zero Chance To Exit
Blain: When This Insane Monetary Experiment Ends You Will Have Zero Chance To Exit This is the day the UK isn’t exiting Europe. Surprised? Not really. Think I’ll try something different this morning – a review of the week touching on some of the key themes we should be thinking about. Let me know what […]
The Promise of the Green New Deal
The Promise of the Green New Deal I also want to mildly praise the resolution’s anti-incrementalism — because there are virtues in trying to offer not just a technical blueprint but a comprehensive vision of the good society, and virtues as well in insisting that dramatic change is still possible in America, that grand projects […]
If Donald Trump is the King of Debt, these guys were the Kings of Inflation
If Donald Trump is the King of Debt, these guys were the Kings of Inflation Maximilian Bern had saved up 100,000 German marks for what should have been a modest, but comfortable retirement. But in 1923, he withdrew every last cent, and spent it all on one purchase: a subway ticket. He rode around his […]
“As Many As A Million Calves Lost In Nebraska” – Beef Prices In The U.S. To Escalate Dramatically In The Coming Months
“As Many As A Million Calves Lost In Nebraska” – Beef Prices In The U.S. To Escalate Dramatically In The Coming Months According to Agriculture Secretary Sunny Purdue, there “may be as many as a million calves lost in Nebraska” due to the catastrophic flooding that has hit the state. This is not a rumor, […]
The Federal Reserve’s Controlled Demolition Of The Economy Is Almost Complete The Federal Reserve is an often misunderstood entity, not only in the mainstream, but also in alternative economic circles. There is this ever pervasive fantasy on both sides of the divide that the central bank actually “cares” about forever protecting the US economy, or […]
On The Edge Of Collapse: Turkish Lira Plummets As Central Bank Burns Through A Third Of Reserves
On The Edge Of Collapse: Turkish Lira Plummets As Central Bank Burns Through A Third Of Reserves The Turkish lira resumed its plunge on Thursday following a sharp rebound on Tuesday when Turkish authorities unleashed an unprecedented assault on lira shorts, helping push the TRY briefly higher ahead of regional elections, after a disappointing reading […]
Why did local go global?
Why did local go global? When discussing the food system, I find that few seem to understand why the system is like it is. Some discuss the system in a way where it sounds like Big, Bad and Ugly corporations made the system into what it is today, and all we have to do is […]
Just Before The Great Recession, Mountains Of Unsold Goods Piled Up In U.S. Warehouses – And Now It Is Happening Again
Just Before The Great Recession, Mountains Of Unsold Goods Piled Up In U.S. Warehouses – And Now It Is Happening Again When economic conditions initially begin to slow down, businesses continue to order goods like they normally would but those goods don’t sell as quickly as they previously did. As a result, inventory levels begin […]
The Problem With Modern Monetary Theory
THE PROBLEM WITH MODERN MONETARY THEORY According to the Modern Money Theory (MMT), money is a thing that the State decides upon. Following the ideas of the German economist, Georg Knapp, the MMT simply regards money as a token. For instance, when an individual places a coat in the cloakroom of a theatre, he receives […]
Our Flawed Monetary System & Why it is Doomed
Our Flawed Monetary System & Why it is Doomed QUESTION: You mentioned that Rome had no national debt and no central bank. Exactly how did it function for 1,000 years? JY ANSWER: In addition to not having a national debt or a central bank, Rome had no police force or agency charged with enforcing the law. There were […]
Its Time For A New Agriculture Policy
Its Time For A New Agriculture Policy Once again farmers across America are facing ruin. They are encouraged to grow crops at high cost and little profit and the only people that actually make any money are the bankers, seed companies and the fertilizer companies. Farmers are a pawn in global economics that allow countries to […]
