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Tag Archives: debt
Every Bubble Eventually Finds its Pin
The transfer of wealth from workers and savers to governments and big banks continued this week with Swiss-like precision. The process is both mechanical and subtle. Here in the USA the automated elegance of this ongoing operation receives little attention. Continue reading
The Fed’s Answer to the Ghastly Monster of its Creation
As the economy stalls out in 2020, U.S. deficits are going to jump to over $2 trillion a year – and will stay there. So, too, the national debt will run up towards $40 trillion over the next decade. The Fed, through YCC or some other wild scheme, will take on the dirty deed of monetizing this debt. They’ll create money from nothing and loan it to the Treasury. Continue reading
Posted in MN Gordon, Politics
Tagged collapse, debt, neel kashkari, S&P500, william jennings bryan
14 Comments
The Federal Reserve is a Barbarous Relic
Today, at the risk of being called Chicken Little, we tug on a thread that weaves back to the ancient Celts. Our message is grave: The sky is falling. Though the implications are still unclear. Continue reading
Posted in Economy, MN Gordon
Tagged bill dudley, collapse, debt, federal reserve, paul samuelson
4 Comments
America’s Road Map to $40 Trillion National Debt by 2028
Watch out! At this very moment, professional economists of all stripes are making plans on your behalf. They’re dreaming and scheming new and innovative ways to spend your money long before you’ve earned it. Continue reading
Posted in Economy, MN Gordon
Tagged debt, default, government action, modern monetary theory, pre-emptive stimulus
9 Comments
