May 17, 2022

Air Travel Delays Result of Reprehensible Conduct By White House and Congress

The growing disruption of airline flights in the U.S. is causing economic problems for an economy that does not need more problems, especially from a crisis manufactured by the President and Congress.  Pulling critical air traffic controllers off their screens and telling them to stay home will at some point jeopardize public safety. What will […]

Chinese Stock Market Collapses 67% Despite Massive Stimulus Programs

The debate over whether or not government stimulus spending (financed by borrowing) is effective in reviving post crash economies rages on in the U.S.  Despite the anemic economic recovery, proponents of deficit spending postulate that things would have been much worse without it.  Opponents of massive deficit spending insist that the problems are merely being […]

Why The Yen Could Collapse – Japan On The Knife’s Edge

By Axel Merk Because of Japan’s massive public debt burden, pundits have called for the demise of the Japanese yen for years. Are the yen’s fortunes finally changing? Our analysis shows that the days of the yen being perceived as a safe haven may soon be over. Let us elaborate. So many foreign exchange (“FX”) […]

The Greater Fool Theory On Presidents and Voters

The voters have spoken but what have they said? The following view on how the U.S. is viewed by one Czech analyst appeared on Peter Grandich’s website.  Never underestimate the power of the American public to vote with their pocketbooks while ignoring the larger fundamental economic issues which ultimately threaten the wealth of all Americans.  […]

How Did Americans Feed Themselves Before Food Stamps?

We can pretend not to see it but something is very wrong when 45 million people or almost 15% of the entire population of the U.S. allegedly can’t earn enough money to feed themselves.  Is the explosion in the food stamp program a result of fighting hunger in America or is it the result of […]

The Entire Eurozone Has Entered The Dark World Of Economic Depression

Both governments and banks are insolvent across Europe.  The only finger in the dike that is preventing a broad economic collapse is the rampant printing of money by the European Central Bank.  Unfortunately, printing money has never resulted in economic prosperity, it simply delays the final collapse of insolvent governments.  Depression levels of unemployment throughout […]

Allen West On Why Democracies Are Self Destructive – Free Everything Cannot Work

Mitt Romney raised a firestorm with his comments about the large number of Americans relying on government handouts for survival.  Adding to the debate, Congressman Allen West of Florida penned a thoughtful reply which concludes that the country cannot survive unlimited dependency. By Rep. Allen West WASHINGTON (MarketWatch) — Gov. Mitt Romney’s comments about the […]

What Is The Value Of Paper Currency?

Central banks around the world have initiated a policy of virtually unlimited quantitative easing (money printing).  Does anyone expect the value of paper money to retain its purchasing power as central banks print endless amounts of new paper money out of thin air? Gold and Silver Blog Japan Joins The QE Race – Who Can […]

It’s Not Your Imagination – Our Living Standards Are Collapsing

No one likes earning less this year than last year.  If the weekly paycheck is a scoreboard on how well we are doing – then we are all in deep trouble.  The Center for American Progress recently published some shocking charts that portray the American middle class besieged by lower income, higher costs for essential […]

Yes, It’s True, Money Can Make You Happy – “Economic Suicides” Soar Worldwide

I really love it when I hear people say that “money can’t buy happiness.”  This quaint old saying is usually a palliative remark, spoken by people without money who really wish they had money. The brutal reality being made crystal clear by the spreading world wide depression is that many people without money are discovering […]