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Tag Archives: currency
Game Over Spending
Second quarter 2020 came and went like a California wildfire. The economic devastation caused by the government lockdowns was swift, the destruction immense, and the damage lasting. But, nonetheless, in Q2, the major U.S. stock market indices rallied at a record pace. Continue reading
Posted in Government Debt, MN Gordon
Tagged currency, debt, dollar, federal reserve, gold, treasury
21 Comments
Suffering the Profanity of Plentiful Cheap Money
What if the savings in your bank account lost 55 percent of its value over the last 12 months? Would you be somewhat peeved? Would you transfer some of your savings to another currency? Continue reading
Posted in Inflation, MN Gordon
Tagged argentina, currency, debasement, default, jonathan swift, mauricio macri
21 Comments
The Great Workfare Era Is Here
New Congressional members arrived in Washington last month with much hoopla and the promise that a centrally directed, democratic economy, will usher in a new era of prosperity for all. This new Congress, however, isn’t looking to the hope and promise of the future. They’re looking to the despair and failings of the past. Continue reading
Posted in MN Gordon, Politics
Tagged big government, congress, currency, default, workfare
14 Comments
The Big Government Show Must Go On
The real State of the Union – the one President Trump omitted from his address – is a state of impending doom brought on by 50 years of relentless debt accumulation. Day after day, week after week, month after month, year after year, the federal government has spent more than it takes in. Now the debt has piled up past the point of no return; there’s no longer an expedient way to reverse course. Continue reading
Posted in Government Debt, MN Gordon
Tagged collapse, congress, currency, default, state of the union address
15 Comments