Tag Archives: default

Living On Borrowed Time

Practicality the entirety of Congress now believes that the ability to pay should not limit the ability to promise people whatever they want. There’s no poll of members of Congress to support this assertion. We base it on what they’ve communicated by real, material actions. Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 18 Comments

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

Posted in MN Gordon, Stock Market | Tagged , , , , | 12 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 , , , , | 9 Comments

Final Collapse is Inexorable

This week central planners pursued their primary mission with steadfast conviction. They planned. They prodded. They prearranged tomorrow to save us from ourselves. Some also grubbed a little graft for their trouble. Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 13 Comments