Spoon-Fed Labor

Posted on December 9, 2025 by MN Gordon

Benjamin Franklin, in a 1789 letter to Jean-Baptiste Le Roy, remarked that “in this world nothing can be said to be certain, except death and taxes.”

There is, however, a third certainty that is often cited. That is, change.

Change, of course, can be for the better. But it can also be for the worse.

With the prospect of change, there also comes fear. Humans, particularly those lacking in spiritual guidance, can have an intense fear of the unknown.

The swift conquest of Artificial Intelligence is currently threatening a scope and scale of change unlike anything in living memory – if ever. The complete overhaul of modern employment, and the mass loss of livelihoods, is inciting mass fear across the general population.

But what if it’s all for the best?

Today we turn to Joel Bowman, and his Notes From the End of the World, for unique perspective and insights you won’t hear anywhere else. After giving it a read, please head over to his website and subscribe to his newsletter so you can stay abreast of all his latest deliberations. Continue reading →

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Is the End of QT a Green Light for an Asset Rally?

Posted on December 5, 2025 by MN Gordon

On Monday, December 1, the Federal Reserve terminated Quantitative Tightening (QT). The job wasn’t even halfway done.

From our experience, half measures avail nothing. In this instance, they guarantee consumer prices will never, ever, return to pre-covid levels.

Stocks, gold, and, until recently, bitcoin, are all at or near record highs. What does the end of QT mean for these assets? To answer this question, let’s first take a gander back to the great money flood of 2020-22.

If you recall, the central planners, under the pretense of the faux pandemic, locked down the economy. They said if we all hunkered down for two weeks, we could bend the curve and stop the spread.

This turned out to be a crock of hogwash. What’s more, the dreaded coronavirus was no worse than the common flu.

But the control freaks got such a thrill out of trampling people’s basic rights and freedoms, they extended the lockdown and forced people to wear masks and get repeated clot shots. Much of the populace was eager to oblige. Continue reading →

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Where Will All the Cubicle Dwellers Go?

Posted on November 28, 2025 by MN Gordon

The September 2025 unemployment data from the Bureau of Labor Statics (BLS) was published last week. Its release was delayed by the government shutdown.

If you didn’t see it, the headline numbers appeared somewhat favorable. Nonfarm payrolls increased by 119,000. However, the unemployment rate still rose to 4.4 percent.

But if you squinted at the fine print. You found a number that was counter to the promise of a college education, and the expectation that it’s a golden ticket to gainful employment and a middle-class life. Specifically, a record 25 percent of all unemployed Americans now hold a four-year college degree.

On the flipside, this means 75 percent of the unemployed are without a college degree. Still, if you’ve invested four years and tens of thousands of dollars acquiring a college level education, you’d want the statistic to show that 100 percent of the unemployed are without a college degree.

In short, one in four people currently looking for work have done what they thought was the right thing. They spent four years, and likely a mountain of debt, pursuing an education. They thought this would be their golden ticket. It’s what worked for prior generations. Yet this is no longer proving to be true. Continue reading →

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The Irresistible Promise of Free Money

Posted on November 21, 2025 by MN Gordon

“People that are against Tariffs are FOOLS! We are now the Richest, Most Respected Country In the World, With Almost No Inflation, and A Record Stock Market Price. 401k’s are Highest EVER. We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion. Record Investment in the USA, plants and factories going up all over the place. A dividend of at least $2000 a person (not including high income people!) will be paid to everyone.”

– President Donald J. Trump, November 9, 2025, TruthSocial

Free Money!

Politics is a dirty trade. To get elected, politicians must make promises they cannot possibly deliver. Then, once in office, they must somehow pretend to be delivering.

Giving away free money to people is one of the more popular devices. Typically, this is in the form of spending programs or tax credits. The objective is to redirect money to preferred areas of the economy – like defense or energy – and those who operate there.

On occasion, however, when the times call for it, politicians will mail out checks directly to people who didn’t earn them. These checks are above and beyond basic welfare and social security benefits. We saw this with Bush the Younger’s rebate checks and then with stimmy checks during the coronavirus fiasco. Continue reading →

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