How the World Becomes Unrecognizable

Posted on July 7, 2015 by MN Gordon

Ninety three percent of Americans believe Elvis Presley is dead.  That means 7 percent believe he’s still alive.  The real insight here is that 7 percent of Americans are morons.

The secondary insight is that a statistical result of 93 percent or more is near conclusive.  The Elvis factor, up to 7 percent, is too trivial to warrant consideration.  Anything less than that should be taken as mere noise.

According to the Bureau of Labor Statistics, the unemployment rate fell to 5.3 percent in June.  This is the lowest it has been since April 2008.  This is an especially remarkable feat considering economic growth has been stuck in first gear since the recovery began in 2009.

Hence, we must pause to praise the headline number before pelting it with rotten tomatoes.  A 5.3 percent unemployment rate is practically full employment.  It means 94.7 percent of the labor force is employed.

The Elvis factor more than covers the unemployment rate.  Continue reading →

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Stars and Stripes

Posted on July 3, 2015 by MN Gordon

“There is nothing wrong with America that cannot be cured by what is right with America,” remarked President Bill Clinton in his inaugural address, shortly after reciting the oath of office in late January 1993.

What he meant by this is unclear.  But perhaps it is the sort of thing a fledgling President says to sound smart, and adept.  We really don’t know.

Tomorrow is Independence Day.  By now many Americans have clocked off early for the weekend to celebrate the occasion.  Like Clinton’s hollow words, there’s hardly a living soul who has any inkling what the holiday means.

Can we blame them?  Why pause to consider it when there’s cold Budweiser to guzzle down and bundles of cheap bottle rockets to blast off?  Moments spent in contemplation are a waste of time.

Any serious mention of freedom, liberty, and independence in the context of Independence Day is saturated with conceit.  Over the years such terms have been reduced from mere platitudes to outright canard. Continue reading →

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The Economic Alamo

Posted on June 30, 2015 by MN Gordon

The Economic Alamo
By Jeff Thomas, International Man

“And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.” – Luke 2:1, New Testament

“Since the beginning of recorded history, the business of government has been wealth confiscation.” – Ron Holland

It’s a common assumption that governments exist in order to serve the people of a country and that in order to do so, they must be accorded the necessary evils of power and taxation.  I believe that the opposite is true, that in the perception of those who rule, power and the ability to exact tax are the very purpose of government, and service to the people is merely a justification for that pursuit.

This condition is perennial.  Throughout history, rulers have maximized their power over their minions and, likewise, have exacted as much taxation as they have been able to get away with.  Consequently (and quite understandably), it’s always been the norm for people to try to protect their wealth, however large or small, from confiscatory taxation. Continue reading →

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Foundation for Massive Wealth

Posted on June 26, 2015 by MN Gordon

What Is Really Backing the DollarWe wandered around the Coachella Valley for several days this week.  If you’ve never been to the area you aren’t missing out.  It’s a giant desert valley centered about 120 miles due east of Los Angeles.

Some people go there to golf.  Others go to retire…and die.  We, on the other hand, were there strictly for business and we couldn’t wait to leave the moment we arrived.  It was hot, and dry.

So we conducted ourselves the only way we know how.  Serving our client with interest, industry, and integrity.  Then we made a beeline west the moment it was tolerable to do so.

Making money was the purpose of the business trip.  Saving some of it is the objective.  Naturally, making money is easier than saving money.  But that doesn’t mean one shouldn’t pursue saving money any more than one shouldn’t pursue healthy gums.

While saving money is simple…you spend less than you make.  In practice, it’s not easy.  Particularly with young kids.  They burn through shoes faster than a dipsomaniac burns through a bottle of strawberry Boone’s Farm. Continue reading →

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