Tag Archives: default

Why Big Government Statists Despise Gold

Posted on August 13, 2021 by MN Gordon

Gold to paper currency conversion once exacted limits upon the public purse. The Treasury, in concert with the Federal Reserve, could not issue unlimited debt based money. But that was before the U.S. severed the dollar’s relationship to gold and commenced the dollar reserve standard. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , , | 32 Comments

There’s a Serious Flaw to the Team Powell-Yellen Inflation Scheme

Posted on March 26, 2021 by MN Gordon

If you’re a wage earner, retiree, or a lowly saver, your wealth is in imminent danger. A lifetime of schlepping and saving could be rapidly vaporized over the next several years. In fact, the forces towards this end have already been set in motion. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 1 Comment

What You Will Find When You Follow the Money

Posted on August 14, 2020 by MN Gordon

It has been a rough go for California Governor Gavin Newsom. Late last week it was revealed that the state Department of Public Health had tickled the poodle on its COVID-19 record keeping. Somehow the bureaucrats in Sacramento undercounted new coronavirus cases by as many as 300,000. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 23 Comments

Living On Borrowed Time

Posted on January 17, 2020 by MN Gordon

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 , , , , | 21 Comments