Author Archives: MN Gordon

How to Tackle the Depression Head On

Posted on September 18, 2020 by MN Gordon

By and large, the challenges facing the economy have everything to do with central government. Over the last 40 years, as the Fed and the Treasury colluded to rig the financial system in totality, wealth has become ever more concentrated in fewer and fewer insider hands. The effect over the last decade has been a disparity that’s so magnified few can ignore it. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 18 Comments

California’s Real Wildfire

Posted on September 11, 2020 by MN Gordon

The real fire in California is the wildfire that’s raging at CalPERS. The fire, you see, is a fire of arithmetic. It’s a fire that won’t go away. And it’s a fire that’ll burn the whole state to the ground. Continue reading →

Posted in MN Gordon, Politics | Tagged , , , , | 11 Comments

How to Turn a Corporate Credit Crisis into a Currency Crisis

Posted on September 4, 2020 by MN Gordon

The mechanics of persistently falling yields (as yields move inversely to price) over several decades have also acted to inflate a massive bond bubble. The demand for corporate bonds come from a variety of sources. These mainly include foreign investors, investment funds (i.e. mutual funds, ETFs, and closed end funds), life insurance companies, and pension funds. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 12 Comments

In The Long Run We Are All Alive

Posted on August 28, 2020 by MN Gordon

The experience of Whiston, and his pseudoscience prophecy, shows that predictions of the end of the world come and go while people still remain. Sometimes the fallout of these predictions, and the foolishness they provoke, is limited. Other times the foolishness they provoke leads to catastrophe. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 19 Comments