Author Archives: MN Gordon
Fifty Basis Points To Disaster
Fiscal stimulus, including the latest $1.9 trillion American Rescue Plan Act, is a terrible joke. And the means for financing it is a terrible fraud. A massive deficit, piled upon a mammoth debt, made possible by dollar debasement. Continue reading
Betting The Farm On Moonshots
Betting your life savings on the turn of a roulette wheel – or digital NFT art – is remarkably dumb. Yet after a decade long bull market that has now inflated into a real McCoy bubble, anything is possible. Continue reading
Jerome von Havenstein: Inflation Or Bust
Rudolf von Havenstein had been president of the Reichsbank – the German central bank – since 1908. He knew the workings of central bank debt issuances better than anyone. He was a central banker’s central banker. He was good at it. Continue reading
The Great Egghead Caper
The eggheads, you see, through policies of dollar debasement, are robbing what remains of the private capital stock of individual citizens. This is the great egghead caper. Continue reading
