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The “Old Money” Secret to Wealth
The “Old Money” Secret to Wealth I believe that we’re heading for another liquidity crisis or financial crisis. That doesn’t mean it’ll happen tomorrow, but there are disturbing signs that it might not be too far off. It doesn’t mean the world’s going to end. But investors who aren’t prepared could see large portions of […]
The Great Growth Hoax
The Great Growth Hoax For several days, ever since the supposedly amazing GDP report from quarter four 2023, we’ve been blasted by the media about how great the economy is doing. It’s exasperating because these claims do not fit with human experience. Last we heard from the Census Bureau, real income is down, and no […]
The Polycrisis
The Polycrisis Back in 2017 when I composed this graphic of overlapping crises, the word polycrisis was not yet in common use. Polycrisis has various definitions, for example: “the simultaneous occurrence of several catastrophic events.” But this doesn’t explain the truly dangerous dynamic in polycrisis, which is the nonlinear, mutually reinforcing potential of disparate crises to generate effects much larger […]
The 10 Rules of Propaganda
The 10 Rules of Propaganda Lord Arthur Ponsonby was a British diplomat and politician, dates 1871–1946. This keen and cagey fellow pinpointed 10 rules of propaganda. They are these: 1. We don’t want war, we are only defending ourselves. 2. The other guy is solely responsible for this war. 3. Our adversary’s leader is evil […]
Rickards: Bad News, I’m Afraid
Rickards: Bad News, I’m Afraid The breakdown of global supply chains is well-known by now. Whether it’s finding groceries in your supermarket, buying a new car or buying appliances like dishwashers and refrigerators, goods are scarce. Also, deliveries take forever and choices are limited. Many people wonder why the problem isn’t going away. Here’s the […]
The Great Supply Chain Collapse
The Great Supply Chain Collapse What’s at the root of the supply chain breakdown? That’s a critical question but the answer is almost irrelevant. The supply chain is a complex dynamic system of immense scale. It is of a complexity comparable to the climate as a system. This means that exact cause and effect cannot […]
Tyranny
Tyranny I’d like to stop writing about COVID, but I can’t because it has such strong economic implications, which can’t be separated. And I’m afraid policies will be enacted that will only make things worse. We all know the Delta variant of the COVID virus (SARS-CoV-2) is spreading rapidly in the U.S. and Australia. Major […]
Biden’s Crime Against the Economy
Biden’s Crime Against the Economy I try to keep politics out of my economic analyses, and my approach is non-partisan. But sometimes I can’t avoid it because political policies can have significant economic impacts. Today is one of those times. One of Joe Biden’s first acts as President was to kill construction of the Keystone […]
The Real Russian Threat
The Real Russian Threat I’ve written for years about different nations’ persistent efforts to dethrone the U.S. dollar as the leading global reserve currency and the main medium of exchange. At the same time, I’ve said that such processes don’t happen overnight; instead, they happen slowly and incrementally over decades. The dollar displaced sterling as […]
The Only Way Out of the Death Trap
The Only Way Out of the Death Trap I’ve said the U.S. is caught in a debt death trap. Monetary policy won’t get us out because the velocity of money, the rate at which money changes hands, is dropping. Printing more money alone will not change that. Fiscal policy won’t work either because of high […]
How Gold Is Manipulated
How Gold Is Manipulated Is there gold price manipulation going on? Absolutely. There’s no question about it. That’s not just an opinion. There is hard statistical evidence to make the case, in addition to anecdotal evidence and forensic evidence. The evidence is very clear, in fact. I’ve spoken to members of Congress. I’ve spoken to […]
“1984” Has Come to China
“1984” Has Come to China You’re probably familiar with George Orwell’s classic dystopian novel Nineteen Eighty-Four; (it’s often published as 1984). It was written in 1948; the title comes from reversing the last two digits in 1948. The novel describes a world of three global empires, Oceania, Eurasia and Eastasia, in a constant state of war. Orwell […]
Contagion!
Contagion! The world is confronting the effects of the “coronavirus.” It likely originated in Wuhan, China, where it jumped from animals to humans at a local food market. It has since spread to other parts of China and beyond. So far, there are 2,886 confirmed total cases of the coronavirus. All but 61 of them […]
Don’t Mess With the U.S. (Financially)
Don’t Mess With the U.S. (Financially) I’ve been documenting financial warfare in my articles for years, but it still doesn’t get the mainstream attention it deserves. Because as you’ll see below, it can directly impact your wealth. Financial warfare tools include account seizures and freezes, expulsion from global payment systems, secondary fines and penalties on […]
The Fed Will Not Give up “Dark Money”
The Fed Will Not Give up “Dark Money” When it comes to second quarter U.S. economic growth figures, interpretation is everything. On one hand, the projection of 4.1% second quarter growth is a sign of a surging economy set to grow for years to come. But on the other hand, it is seen as temporary […]
