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Americans Understand Inflation
Americans Understand Inflation Everyday Americans understand inflation perfectly. But the egghead economists and policymakers who govern their lives don’t. That may be because inflation is one of the biggest concerns of those who live in the real world, and it may lead to a political earthquake next November in the presidential and congressional elections. Here’s […]
“This Is Off The Charts”: Economist Claims 2024 Will Bring ‘Biggest Crash Of Our Lifetime’ In US
“This Is Off The Charts”: Economist Claims 2024 Will Bring ‘Biggest Crash Of Our Lifetime’ In US An economist who focuses on consumer spending has issued a dire warning about the U.S. economy in the coming year. “Since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, […]
Today’s Contemplation CLXXI–A ‘Solution’ to Our Predicaments: More Mass-Produced, Industrial Technologies.
Today’s Contemplation CLXXI Chichen Itza, Mexico (1986). Photo by author. A ‘Solution’ to Our Predicaments: More Mass-Produced, Industrial Technologies. Got into one of those social media discussions with someone yesterday morning. The post I was commenting upon is, unfortunately, no longer available and I failed to take a screenshot of it when I originally commented. However, […]
The Fed’s Empire of Speculation and the Echoes of 1929
The Fed’s Empire of Speculation and the Echoes of 1929 Speculation has its own expiration dynamics, and they don’t depend on us recognizing speculative excess for what it is. They will unravel the excesses regardless of what we think, hope or deny. The Federal Reserve has so completely normalized speculative excess that these extremes are […]
The World Is Sitting on a Powder Keg of Debt
The World Is Sitting on a Powder Keg of Debt The Federal Reserve recently surrendered in its inflation fight. But price inflation is nowhere near the 2% target. Why did the Fed raise the white flag prematurely? One of the major reasons is debt. The world is buried under record debt levels and the global economy can’t […]
Today’s Contemplation: Collapse Cometh CLXX–To EV Or Not To EV? One Of Many Questions Regarding Our ‘Clean/Green’ Utopian Future, Part 1.
Today’s Contemplation: Collapse Cometh CLXX Pompeii, Italy (1984). Photo by author. To EV Or Not To EV? One Of Many Questions Regarding Our ‘Clean/Green’ Utopian Future, Part 1. Today’s Contemplation has been prompted by my recent thoughts regarding the debate around the uptake of electric vehicles (EVs), their place in a world experiencing the predicament of ecological […]
Rickards’ Five 2024 Forecasts
Rickards’ Five 2024 Forecasts I have five forecasts for 2024 to help keep you ahead of the curve in positioning your investment portfolio. My overall forecast is that 2024 will be more tumultuous and shocking than 2023. That may seem hard to credit. With two major wars going on, an indicted former president and a […]
Intentional Destruction
Intentional Destruction First Covid, Now Comes “The Great Taking” The Great Depression was a well-executed plan to seize assets, impoverish the population, and remake society. What comes next is worse.. A recent book by David Webb sheds new light on exactly what happened during the Great Depression. In Webb’s view, it was a set up. […]
Ten Things that Change without Fossil Fuels
Ten Things that Change without Fossil Fuels It is now popular to talk about leaving fossil fuels to prevent climate change. Pretty much the same result occurs if we run short of fossil fuels: We lose fossil fuels, but it is because we cannot extract them. Practically no one tells us about the extent to […]
Money for Nothing and Nothing for Money
Money for Nothing and Nothing for Money “Society lives and acts only in individuals…. Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping towards destruction. ” —Ludwig von Mises […]
Today’s Contemplation: Collapse Cometh XXXVIII–The ‘Predicament’ of Ecological Overshoot
Today’s Contemplation: Collapse Cometh XXXVIII January 25, 2022 Tulum, Mexico (1986) Photo by author The ‘Predicament’ of Ecological Overshoot The following contemplation has been prompted by some commentary regarding a recent article by Megan Seibert of the Real Green New Deal Project. It pulls together a couple of threads that I’ve been discussing the past few months… […]
COP(out) is Dead
COP(out) is Dead I took a few minutes to dig into the text coming out of COP(out)28 this morning. While 70,000 delegates depart Dubai in their private jets congratulating themselves for a job well done, the rest of us are flabbergasted by the failure. Yet again, the planet has been let down. Anyone paying attention […]
World Could Be At The “Foothills Of The Next Copper Cycle”
World Could Be At The “Foothills Of The Next Copper Cycle” The world is sliding into a copper deficit over the next couple of years as one of the world’s largest copper mines was forced to shutter operations while demand for the refined metal remains elevated due to renewable energy infrastructure and electric vehicles demand. […]
Today’s Contemplation: Collapse Cometh XXXVII–Decline of ‘Rationality’
Today’s Contemplation: Collapse Cometh XXXVII January 15, 2022 Teotihuacan, Mexico (1988) Photo by author Decline of ‘Rationality’ Got involved in a discussion after an Facebook Friend (Alice Friedemann, whose work can be seen here) posted a study on the decline of ‘rationality’ over the past few decades. My initial response was as follows: My initial thought is […]
Inflation in Real Life Much Worse Than in Government Fantasy World
Inflation in Real Life Much Worse Than in Government Fantasy World Inflation is dead! At least that’s what you would think if you listen to government officials and talking heads in the financial media. So, how is this victory over inflation working out for the average person? Not so great. Based on official CPI data, price […]
