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Tag Archives: default
How to Sleep Well During the Great Dollar Panic Ahead
Periods of epic price deflation have occurred several times in American history. The Great Depression, of course, is the only period still within living memory for some. But peering back another 100 years, there’s an instance of price deflation that … Continue reading
The Wrath of Ray Kroc
If you’re concerned the economy may be slipping back into a recession…guess what? We’re already in one. At least that’s what Lakshman Achuthan, Co-Founder & Chief Operations Officer of Economic Cycle Research Institute (ECRI), told Bloomberg TV on Tuesday. “What … Continue reading
Posted in Economy, MN Gordon
Tagged bankruptcy, default, ray kroc, recession, san bernardino
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Violating the Promptings of the Economy
I left my heart in San Francisco High on a hill it calls to me To be where little cable cars climb halfway to the stars The morning fog may chill the air, I don’t care My love waits there … Continue reading
Posted in Government Debt, MN Gordon
Tagged currency, debt, default, gold, monetizing debt
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Faux Capitalism and the Great Middle Class Debt Anchor
Economies, like ocean tides, rise and fall. So, too, they fall and rise. Sometimes a rising tide floats up all boats…even those captained by freeloaders. Other times a falling tide pulls down vessels crewed by even the most industrious deckhands. … Continue reading
Posted in Government Debt, MN Gordon
Tagged business cycle, debt, default, federal reserve, middle class
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