The Blue Tsunami

Posted on November 9, 2026 by MN Gordon

Do what you say and say what you do.

This, no doubt, is a simple principle of integrity and accountability. Of course, nothing is simple when it comes to the messy and distorted world of politics. Principles are readily bent for expediency. Other times they’re twisted for no good reason at all.

Last week’s midterm elections delivered a decisive political realignment. Democrats took control of both the House and the Senate. Some traditional red state strongholds saw their governorships turn blue.

The legacy media erupted with familiar rhetoric surrounding a blue tsunami. But beyond the predictable partisan commentary and media posturing, the results reveal a fundamental truth.

The electorate judged the administration not by media propaganda or ideological fervor, but by performance relative to core campaign commitments made in 2024: stabilizing the economy, controlling government spending, and avoiding costly foreign conflicts.

These are the things Trumps said he would do. But, alas, he didn’t. Continue reading →

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Why America’s Money Supply Would Vanish Without Debt

Posted on November 6, 2026 by MN Gordon

“Gold is money. Everything else is credit.”

– J.P. Morgan, U.S. Congressional Testimony (1912)

Floating on Borrowed Time

These days the engine room of a bank no longer has a heavily fortified underground vault full of gleaming gold bullion. Instead, there’s merely a brightly lit open-office floor where loan officers electronically sign digital approval forms.

Imagine opening your mobile banking app tomorrow morning, entering your face ID or password, and finding every single account balance set to exactly zero dollars. You check again, assuming it must be a technical glitch, but the result remains unchanged.

No checking balance available to pay rent. No savings cushion reserved for a rainy day. And no retirement funds left for your golden years.

To make matters worse, there isn’t a single paper bill sitting in your drawer, nor a single copper penny rolling around under your car seat.This hypothetical scenario, while highly unlikely, is mentioned with purpose and intent. You see, according to the tenets of modern fiat money, if every American citizen, private business, and government entity paid off every dime they owed tomorrow, that extreme consequence would be a mathematical certainty. The world’s active money supply would completely vanish from the face of the earth. Continue reading →

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The Hidden Engine of Booms and Busts

Posted on October 30, 2026 by MN Gordon

“Commercial banks—that is, fractional reserve banks—create money out of thin air. Essentially they do it in the same way as counterfeiters.”

– Murry Rothbard, The Mystery of Banking (1983)

Honest Banking

Imagine walking up to a bank counter, handing over a heavy leather pouch of fine silver coins, and receiving a simple piece of paper in return. That paper isn’t a promise that the bank hopes to honor if nobody panics. It isn’t tied to a liability for a complex loan scheme. It is a 100 percent backed warehouse receipt.

If you want your exact silver back tomorrow, or ten years later, it’s waiting for you, in custody, in a vault.

That was the everyday reality at the Bank of Hamburg, which was founded in 1619. For over two centuries, this legendary institution operated on a principle so straightforward it sounds almost alien to modern ears: 100 percent reserve banking.

When Napoleon Bonaparte marched into Hamburg in 1813 and seized the bank’s vault, his troops audited the books. The liabilities stood at 7,489,343 marks. The physical silver sitting in the vault? 7,506,956 marks. The bank actually held 17,613 more marks in silver than it owed to its depositors. Continue reading →

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How Surging Borrowing Costs Are Consuming the U.S. Budget

Posted on October 23, 2026 by MN Gordon

The U.S. government just closed the books on Fiscal Year 2026. The final budget report card, to be perfectly frank, is the stuff of banana republics.

The deficit for the year came in at $1.992 trillion. This gap between government revenue and government spending was made up with debt.

Moreover, this $1.992 trillion in new debt was racked and stacked on top of the gross national debt. Several months ago, the national debt blew past $40 trillion. The last we checked it was clocked at a crisp $40.38 trillion.

Does anyone care? The economy keeps churning. Washington keeps spending. And stocks continue to maintain their sky-high valuations.

Yet, while everyone was marveling at the promise of AI and complaining about the price of ground beef, the underlying mechanics of America’s debt machine fundamentally shifted. At the start of the decade, we were still in an era of near-zero interest rates. Borrowing trillions was practically free.

Now, in late-2026, the low-rate era is officially dead. What’s more, the bill for decades of living on credit has finally come due. Continue reading →

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