The Sisyphean Folly of Printing Press Money

Posted on November 27, 2020 by MN Gordon

Something remarkable happened on Tuesday.  The Dow Jones Industrial Average (DJIA) broke the 30,000 point barrier for the first time ever.  President Trump commemorated the feat by calling the number “sacred.”

Some Americans were especially grateful as they said their Thanksgiving Day grace.  These generally include wealthy owners of stocks and other financial assets.  Forty years of inflationary monetary policies have elevated their prosperity to holiness.

The remaining Americans, through no fault of their own, missed out on these sanctified blessings.  Perhaps they’ll get some leftover table scraps for Christmas.  These, indeed, are the questions being asked.

Will Washington make this a Merry Christmas for cash strapped Americans?  Will the Treasury send out a second round of $1,200 stimulus checks for the yuletide?  Will Congress be Ebenezer Scrooge or Mr. Fezziwig?

These are important questions as 2020 approaches its twilight. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 13 Comments

The U.S. Government Will Inflate To The Bitter End

Posted on November 20, 2020 by MN Gordon

The big news organizations say Joe Biden’s the next president of the USA.  That claims of election fraud and fixing are baseless.  Do you believe them?  Do you trust them?

Regardless, Biden’s acting as if.  He’s talking to foreign leaders.  He’s meeting with vaccine makers.  He’s making big plans.  He’s planning big things.  But, apparently, he’s not progressive enough.

This week, for example, an organization called Justice Democrats accused Biden of appointing corporate-friendly insiders.  They say these “corporate-friendly insiders […] will not help usher in the most progressive Democratic administration in generations.”

Certainly, Biden’s getting plenty of advice.  The political puppet has left many strings to be pulled.  Elizabeth Warren and Chuck Schumer want Biden to erase the first $50,000 of a person’s student loan debt.  According to Schumer, “Joe Biden can do that with the pen as opposed to legislation.”

Will Biden listen to them?  Will he listen to progressive superstar Alexandria Ocasio-Cortez? Continue reading →

Posted in MN Gordon, Politics | Tagged , , , , | 21 Comments

Loathe for the Stimulus Era

Posted on November 13, 2020 by MN Gordon

The days in the northern hemisphere inch shorter.  The predawn darkness greets us as we step down our front stoop in the morning.  Nightfall welcomes us when we return in the evening.

Yet while the days inch shorter.  The stock market zigs and zags.  One day it’s fear.  The next day it’s greed.

When the week began, greed was the dominant emotion.  With President-elect Kamala Harris – by way of Uncle Joe and fake votes – poised to take Washington, anything and everything was possible.  Superimpose promises of a new coronavirus vaccine onto the outlook and the future had never been brighter.

On Monday, the Dow Jones Industrial Average (DJIA), once again, came within a scratch of 30,000.  On Wednesday, a barrel of WTI Crude Oil briefly topped $42.  Shares of Chevron were even in the green for two days in a row.  But that was all before fear took over.

People stuck their heads out of their bunkers.  They took a look around.  And what did they see? Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 20 Comments

America’s Recline and Flail Goes On

Posted on November 6, 2020 by MN Gordon

Ok, so, when your pally is a doorstep
Step over him and coat
When your mommy is a French press
In a café called no hope
Your belly aches
On benches where buses never go
Now tally up the misprints
And tell them told you so

– Tell Them Told You So, by Swingin’ Utters

The Worst Job In The World

Nothing’s shocking in 2020.  Not lockdowns.  Not pandemic hysteria.  And certainly not election chaos.  To the latter, it was expected all along.

At the time of this writing, and perhaps with the aid of fraud, it appears Kamala Harris will be the next President of the United States.  Here we’ll pause to offer a word of congratulations.  Well done, Ms. Harris.  You’ve just signed up for the worst job in the world.

No doubt, the rewards of being President, these days, are few and far between.  Just ask President Trump.  The work hours are terrible, the pay is far less than that of a corporate CEO, and you’re endlessly surrounded by shabby politicians. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 26 Comments