Are the Voices in Fed President Kashkari’s Head Speaking Lies?

The government continues its approach towards full meltdown.  The stock market does too.  But when it comes down to it, these are mere distractions from the bigger breakdown that’s bearing down upon us.

The average working stiff has little time or inclination to contemplate gibberish from the Fed.  They’re too worn out from running in place all day to make much of it.  This fact accounts for the limited inkling the populace has for why there’s a great prosperity imbalance between wage earners and the creams.

If there was a better understanding of the scope and scale of the orchestrated larceny being conducted, practitioners of mass money debasement would be tarred, feathered and paraded down Main Street.  This seems a small penalty for turning markets into casinos and debasing the rewards of an honest day’s work.  Instead, they preserve their misplaced stature through the backwards process of taking the absurdly simple and twisting it up into the inordinately complex. Continue reading

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Oil Mania Redux

By now, late September of 2018, it has become increasingly evident that something big is about to happen.  What exactly that may be is anyone’s guess.  But, whatever it is, we suggest you prepare for it now…before it’s too late.

Several weeks ago, if you hadn’t heard, an undisclosed rich guy enthusiastically bid up and then bought Norman Rockwell’s portrait of John Wayne for a cool $1.49 million at the 12th Annual Jackson Hole Art Auction.  According to auction coordinator Madison Webb, “There was a really positive energy in the room.”

Indeed, it takes a lot of really positive energy – and a healthy bank account – to shell out that sum of money for a painting of “The Duke.”  Still, positive energy, like good weather, can quickly turn negative.  Soon enough, we suppose, the purchaser’s excitement will retreated to a serious case of buyer’s remorse.

Of course, we could be wrong.  The buyer could have a special liking for old John Wayne movies.  Perhaps he’s a collector of Norman Rockwell paintings.  Or maybe he won the lottery and is compelled to burn through his winnings in odd and outlandish ways. Continue reading

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The Burden of the American Worker

There’s great elation flowing from the various economic bureaus down through President Trump.  They bring a message of good news.  If you haven’t heard, here in the USA, we live, work, and play in the dazzle and delight of an economy where GDP growth exceeds the unemployment rate.

The last time we drank of elation this cool and sweet was the pre-iPhone stone ages.  Back when George Dubya was President.  And when Lehman Brothers was still one of the titans of Wall Street.

Indeed, getting back to this agreeable place has been a long, hard trudge along the road to happy destiny.  But step by step, day by day, a paradise lost has been returned to Eden.  Thank you, Ben Bernanke.

By all official accounts, things have never been better.  GDP, according to the Bureau of Economic Analysis, is growing at an annual clip of 4.2 percent.  The unemployment rate, as reported by the Bureau of Labor Statistics, sits at just 3.9 percent.  But that’s not all…

Pot stocks have become the new bitcoin.  The Dow Jones Industrial Average, after a six month hiatus, is marking new all-time record highs. Continue reading

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Honest Work for Dishonest Pay

Over the past decade, in the wake of the 2008-09 debt crisis, the impossible has happened.  The sickness of too much debt has been seemingly cured with massive dosages of even more debt.  This, no doubt, is evidence that there are wonders and miracles above and beyond 24-hour home deliveries of Taco Bell via DoorDash.

But how can dosages of more debt be the cure for too much debt?  Can more Cutty Sark be the cure for a dipsomaniac?  Certainly, in both instances, and after some interim relief, the cure always proves to be much worse than the disease.

Without question, a moment of clarity is approaching that will bisect the world of today from the world of tomorrow, like the Patriot Act bisects the present world from its prior state of bliss.  Thus, what follows is a rudimentary preview of what’s in store.  But first, some context is in order…

The fake money system – a system centered on debt based legal tender and centrally fabricated interest rates – produces booms and busts of greater extremes with each progression of the business cycle. Continue reading

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