What would you say if I told you that Americans are nearly 60 TRILLION dollars in debt? Well, it is true. When you total up all forms of debt including government debt, business debt, mortgage debt and consumer debt, we are 59.4 trillion dollars in
Rep. John J. Duncan, Jr. (R-TN) brought one minute of hard-hitting reality to the United States House of Representatives on May 30, remarking that the United States government, with its over $17 trillion debt, is only escaping — for now — Detroit-sty
I can hear the family gathered outside, banging on the walls of the Mogambo Bunker Of Paranoid Hysteria (MBOPH), demanding that I unlock the door, come outside immediately, stop acting like a crazy person...
It is no secret that as the Fed's centrally-planned New Normal has unfolded, one after another central-planner and virtually all economists, have been caught wrong-footed with their constant predictions of an "imminent" economic surge, any minute
Tyler Cowen in the NY Times came up with a theory to explain the "continuing slowness of economic growth in high-income economies." "An additional explanation of slow growth is ... the persistence and expectation of peace."
Governments are violent institutions. Taxation is theft. These are facts to all but the most indoctrinated and brainwashed. Governments worldwide are ramping up all manner of other thefts by almost any means necessary.
Mark Skousen authored The Structure of Production, a best-seller about economics. A Presidential Fellow at Chapman University, he is also a long-time friend of Rick Rule, who has recommended his book to many of his clients and friends. In Structure,
From "why did Nixon sever the link between currencies and gold?" to "is war good for the economy?" Mike Maloney's tour de force through 140 years of gold, silver, and monetary farce is indispensable as major parts of the world enter a de-dollarizatio
The company said this week that it may sell its 51% stake in Sears Canada, which operates nearly 20% of the company's stores worldwide. It has quietly closed nearly 100 U.S. stores in the last year. Next week, it's expected to announce dismal fiscal
When nearly two years ago everyone jumped with joy after the US housing market posted its latest uptick, the fourth since Lehman, with all previous three promptly fading as dead cat bounces always do....
Back in April 2013, when looking at the dynamics of global treasury supply and demand (and just before the TBAC started complaining loudly about a wholesale shortage of quality collateral), we made the simple observation that between the (pre-taperin
As more and more information about the state of global affairs becomes available one can't help but realize that life as we have come to know it is going to change dramatically in the very near future.