Category Archives: Government Debt

The Consequences of Lard

Posted on April 17, 2012 by MN Gordon

The Labor Department reported last Friday that consumer prices increased 0.3 percent in March.  More importantly, however, when adjusting for the increase in prices, worker earnings fell 0.4 percent during the month.  What this means is that wage earners are … Continue reading →

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Japan Will Take the World’s Breath Away

Posted on March 27, 2012 by MN Gordon

Last Sunday, in Long Beach, California, the impossible happened…it rained for the second consecutive weekend.  Just ask anyone who lives here.  That never happens. We’re not complaining.  Without the wet weather we would have never discovered the hole in the … Continue reading →

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Is Gold Backwardation Now Permanent?

Posted on March 6, 2012 by MN Gordon

Is Gold Backwardation Now Permanent? By Keith Weiner, Casey Research Worldwide, an incredible tower of debt has been under construction since President Nixon’s 1971 default on the gold obligations of the US government.  His decree severed the redeemability of the … Continue reading →

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The Hell of Technocratic Prevarication

Posted on February 21, 2012 by MN Gordon

“…and the will of Zeus was moving toward its end.” – Homer, The Iliad Athens’ Burning The burden of being on top ultimately weighs a civilization down.  Success is overreached.  Advancement becomes unsustainable.  Then, when everyone least expects it, something … Continue reading →

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