Tag Archives: monetizing debt

The Great Donkification

Posted on March 19, 2021 by MN Gordon

The U.S. national debt has now eclipsed $28 trillion. The budget deficit for the 2021 fiscal year will likely run up to nearly $3 trillion – possibly more. Hence, it will be financed with printing press money…that is credit created from thin air by the Federal Reserve and loaned to the Treasury. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , , | 5 Comments

Fifty Basis Points To Disaster

Posted on March 12, 2021 by MN Gordon

Fiscal stimulus, including the latest $1.9 trillion American Rescue Plan Act, is a terrible joke. And the means for financing it is a terrible fraud. A massive deficit, piled upon a mammoth debt, made possible by dollar debasement. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 52 Comments

The Dollar Is Dying

Posted on August 7, 2020 by MN Gordon

This week, while perusing the Federal Reserve’s balance sheet figures, we came across a rather curious note. We don’t know how long the Fed’s had this note posted to its website. But we can’t recall ever seeing it. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 17 Comments

The Recline and Flail of Western Civilization and Other 2019 Predicitions

Posted on December 28, 2018 by MN Gordon

Today, as we prepare to close out the old, we offer a vast array of tidings. We bring words of doom and despair. We bring words of contemplation and reflection. And we also bring words of hope and sunshine. After all, the New Year’s nearly here. What better time than now to turn over a new leaf? New dreams, new directions, and new delusions, are all before us like a patch of ripe strawberries. Today’s the day to make a double fisted grab for all of them – and more. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , , | 1 Comment