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Tag Archives: default
There’s a Serious Flaw to the Team Powell-Yellen Inflation Scheme
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 debt, default, dollar, janet yellen, jerome powell
1 Comment
What You Will Find When You Follow the Money
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
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 debt, default, federal reserve, hotel alexandria, population demographics
21 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