Tag Archives: default

Debt Ceilings are for Idiots

Posted on January 20, 2023 by MN Gordon

The great dollar devaluation is the consequence of decades of rampant currency debasement policies. The mechanics are executed in tandem between the Federal Reserve and the Treasury. The Fed supplies the credit – created out of thin air. The Treasury borrows it from the Fed. And spends it. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , , | Leave a comment

Your Government Hates You

Posted on December 23, 2022 by MN Gordon

The fact of the matter is that if you work hard, pay your own way, believe in free speech and traditional values, and fear God, your government – the dirty cadre of elites and insiders – hates you. There’s no other way to explain it. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 34 Comments

Gold Shines Bright

Posted on November 25, 2022 by MN Gordon

The mighty U.S. dollar spent a good part of the year beating up on other currencies. From January to mid-October, the dollar rose 13 percent against the euro, 22 percent against the Japanese yen, and 6 percent against emerging market currencies. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 15 Comments

Death to Zombies

Posted on November 11, 2022 by MN Gordon

Rising interest rates, no doubt, bring death to zombies. By zombies, we’re referring to those companies in the second camp that would have died long ago, if not for the sustenance of artificially suppressed cheap credit. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 24 Comments