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Category Archives: Politics
Prove You’re Not a Terrorist
Prove You’re Not a Terrorist By Jeff Thomas, International Man Recently, France decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” … Continue reading
Posted in Jeff Thomas, Politics
Tagged elimination of paper currency, monetary control, terrorism, war on cash
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China’s Spectacular Reckoning
Change is constant. You can count on it. Earlier this week, for instance, it was revealed that China’s economy is growing at just 7 percent annually. The Middle Kingdom’s GDP hasn’t been this slow since 2009…during the midst of the … Continue reading
Posted in MN Gordon, Politics
Tagged bubble, cement, china, david stockman, henry paulson, shanghai composite index
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The Economic Motherboard is Now Fried
Economics is a boring and tedious trade to the casual observer. All the monthly report outs on GDP, employment, manufacturing, inflation, among other indexes, are a dull waste of time. What decisions could one possibly make to improve their lot … Continue reading
Posted in MN Gordon, Politics
Tagged ben bernanke, interest rates, janet yellen, larry summers, monetary policy
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The Beginning of the End for the European Union
The European Central Bank initiated a new mass money debasement scheme yesterday. If you recall, this involves buying €60 billion ($66 billion) a month of European government bonds. Somehow this is supposed to improve the economy. No doubt, the European … Continue reading
Posted in MN Gordon, Politics
Tagged euro, european central bank, monetizing debt, negative yields, quantitative easing
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