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Tag Archives: default
Japan Will Take the World’s Breath Away, Part II
The National Bureau of Economic Research marks June 2009 as the end of the Great Recession. That means the United States economy has been in recovery for nearly three years. Semantically this is accurate…all the stimulus and monetary easing has … Continue reading
Japan Will Take the World’s Breath Away
Last Sunday, in Long Beach, California, the impossible happened…it rained for the second consecutive weekend. Just ask anyone who lives here. That never happens. We’re not complaining. Without the wet weather we would have never discovered the hole in the … Continue reading
Posted in Government Debt, MN Gordon
Tagged bank of japan, currency, debt, default, john maynard keynes, yen
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Is Gold Backwardation Now Permanent?
Is Gold Backwardation Now Permanent? By Keith Weiner, Casey Research Worldwide, an incredible tower of debt has been under construction since President Nixon’s 1971 default on the gold obligations of the US government. His decree severed the redeemability of the … Continue reading
Posted in Government Debt, Keith Weiner
Tagged collapse, crash, currency, debt, default, dollar, gold
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Reckoning Time and Money
It all seems so systematic, arranged, and orderly. Sixty seconds make a minute, 60 minutes make an hour, 24 hours make a day, and one day equals one complete rotation of the planet earth. About every 30 days the moon … Continue reading