Blowups and an Epic Mega-Catastrophe are Coming

Posted on February 11, 2022 by MN Gordon

“Let no man deceive you by any means…” counsels the Good Book (2 Thessalonians 2:3).

As we understand it, Apostle Paul, if that’s in fact the author, was attempting to correct some misinformation floating around Thessalonica in first century Greece.  Someone – perhaps a bureaucrat – was spreading rumors that Christ had already returned.

Paul didn’t buy it.  He clarified that the Anti-Christ would first appear and proclaim himself God.

Did Paul know what he was talking about?  Has the Anti-Christ appeared, yet?

Last year Dr. Anthony Fauci proclaimed himself “the science”.  Thus, he may not have proclaimed himself God.  But he is something gawdawful.

Much like Joe Rogan, and his pains to correct misinformation spread by Fauci, Paul had many enemies and detractors.  Which is fine.

The pursuit of truth is rarely a popular path.  Just ask the ghost of John T. Flynn.  Telling the truth is a most excellent way to make enemies in high places. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , , | 2 Comments

Are You Prepared for $200 per Barrel Oil?

Posted on February 4, 2022 by MN Gordon

Most days unfold with expected familiarity.  The sun rises.  The sun sets.  The hours in between flow from one routine to the next.

There are subtle, yet predictable changes.  The days are longer in the summer and shorter in the winter.  Apples are more abundant in fall than in spring.

But, for the most part, today is much like yesterday.  And tomorrow will generally be like today.  No better.  No worse.  In short, your morning cup of coffee will taste just as bold or bitter tomorrow as it did yesterday.

Yet every now and again we’re greeted with an astonishing surprise.  Something seemingly impossible happens.  There are days, no doubt, when the sky’s falling.

For example, the sky was falling on September 16, 2008, when Lehman Brothers vanished from the face of the earth.  That was the day black swans descended upon credit markets like common ravens upon fresh Southern California road kill.

Money market shares of the Reserve Primary Fund did the impossible.  They broke the buck.  Net asset value (NAV) fell to $0.97 cents a share.  Who anticipated that? Continue reading →

Posted in MN Gordon, Politics | Tagged , , , , | 28 Comments

Los Angeles Tackles Zombies Ahead of Super Bowl

Posted on January 28, 2022 by MN Gordon

“What the hell is going on?” California Governor, Gavin Newsom

Gender X?

The sun always shines bright over the Golden State.  Even in January.  But, beneath the sunshine, darkness rages in the land of fruits and nuts.

For example, State Senator Scott Wiener – a monster – recently introduced a bill that would permit children 12 and older to be vaccinated against COVID-19 without their parent’s knowledge or consent.  According to Wiener, this bill is consistent with current state law that allows teens to have abortions and obtain birth control without telling their parents.

Yet Wiener’s bill may be finished.  Because his cohort, State Senator Dick Pan, has introduced a bill that would require all children to be vaccinated against COVID-19 to attend K-12 schools regardless of personal beliefs.  Not vaccination?  Then no school.

Perhaps, this is for the best.  Getting kicked out of school at this late stage in the decline and fall of western civilization is a major blessing.  What kid deserves an institutional education from freaks and rejects? Continue reading →

Posted in MN Gordon, Politics | Tagged , , , , , | 29 Comments

The Greatest Crackup the World’s Ever Known

Posted on January 21, 2022 by MN Gordon

By now, anyone with half an inkling of curiosity about why prices and values don’t add up has traced the divide back to the money itself.  It’s not hard to see.

Asset prices, like houses and the major stock market indexes, have lost all visible connection with the underlying economy.  However, wage growth has stagnated; over the last 40 years low level wages have only increased by $0.32 per hour in real inflation adjusted terms.  Stocks and residential real estate, at the same time, have gone to the moon.

Even with the NASDAQ’s 11.2 percent decline from its all-time closing high set on November 19, the index is still up over 110 percent from its March 2020 low.  What will it take for the NASDAQ to crash back to earth?

Something else that has gone to the moon is government debt.  In 1980, the national debt was $908 billion.  Today it’s over $29.8 trillion.  That’s an increase of over 3,181 percent.  Over this time, however, gross domestic product (GDP) has only increased 632 percent – from $2.86 trillion to $20.94 trillion. Continue reading →

Posted in MN Gordon, Politics | Tagged , , , , | 17 Comments