Monthly Archives: June 2019
How Beijing Uses Fake Money to Cannibalize the U.S. Transit Market
One of the more remarkable achievements of fake money creation is that it distorts and disfigures the world in odd and uncanny ways. Dow (not quite) 27,000. Million dollar shacks. Over $13 trillion in subzero-yielding debt. Continue reading
Feeling the Heat of a Civilization on the Downside
The political, financial, economic, and social foundations that have been in place over the last 75 years – and perhaps, over the last 220 years – are breaking down. And no policy directive, no interest rate adjustment, no trade tariff, no five year plan, no extraordinary measures, no green new deal, and no technocratic prevarication is going to stop it. Big Government doesn’t stand a chance. Continue reading
Fed Chair Powell’s Plan to Pickle the Economy
Once a cucumber becomes a pickle it can never be a cucumber again. Indeed, financial markets have been pickled over to no end. What’s more, Fed Chair Powell’s efforts to unpickle QE were met with howls from the President, Wall Street, and Larry Kudlow. Continue reading
Elizabeth Warren’s Plan to Bamboozle American Voters
The run-up to the presidential primaries offers a funhouse reflection of American life. Presidential hopefuls, hacks, and has-beens turn to focus groups to discover what they think the American electorate wants. Then they distill it down to hollow bumper stickers. After that, they pump their fists and reflect it back with mindless repetition. Continue reading
