Everybody is looking for ways to describe the dire state of the world economy. The latest metaphor is “death spiral” and it reflects an economy that is out of balance.Read More »
When large numbers of people in a community are angry, it’s like a volcano that’s ready to blow.
On Monday, the volcano blew.
When you go to the store and something you bought for five bucks six months ago is suddenly going for $5.25, and you just know it’s going to cost you $5.50 in another six months, chances are you just shrug and buy it anyway.Read More »
“Imagine how tricky it would be to bake a cake if the recipe called for 45 minutes in the oven, and you had to figure out of those were nominal minutes or inflation-adjusted minutes.”Read More »
We can’t allow the Fed to increase the money supply to infinity. And we can’t keep borrowing more and more money from China to pay for our consumption.Read More »
“If you were really serious about not having the United States of America drown, here’s what you would do…”Read More »
“How fast do the dominoes go down?”249 Comments »
“The world is on the brink of World War III, and you have the gall to say it’s more stable?”Read More »
With hyperinflation, mounting debt and societal decay, is history repeating itself?Read More »
” … hyperinflation is not produced by central bankers. It is the result of a total failure of the political system.”Read More »
“And that is something that almost never happens…”Read More »
‘If people are prepared to carry money to the grocery store in a wheelbarrow, that may be coming.”229 Comments »
“There are two possible extremes…”213 Comments »
“The bill is coming due.”212 Comments »