Summary: Periods of economic stress tend to bring forth quack simplistic economic theories, like during the 1930s. We will see more of these if this slow period continues, more so if we have another recession before a recovery.  Not just gold, but other fringe ideas such as Ayn Rand and her mutant version of Marx’s …
Why do so many Americans want a gold-based currency? Read More »
Summary: Historians will laugh at our response to QE, for the reasons discussed here. We’re enjoying our days in Wonderland. We may find the hangover less entertaining. This is a follow-up to Important things to know about QE2 (forewarned is forearmed). Links to more information appear at the end. Our response to the Federal Reserve’s latest monetary …
Bernanke leads us down the hole to wonderland! (more about QE2) Read More »
Summary: Economic and political conditions have slowly evolved since the major nations began massive stimulus programs in early 2009. Now the pace may be accelerating. This post briefly looks at three major issues in the US (more coming later). As usual on the FM website, this states analysis and forecasts in clear language; the reader mentally can …
A situation report about two headine issues – and a more serious problem Read More »
Summary: The US dollar is falling in value vs. most other currencies and gold. As usual, much of the material in the mainstream media about this important economic trend is misleading or wrong. It is potentially both bane and boon. Which depends upon us. This is just a sketch; please see the links at the …
Summary: We can only guess at the outlines of the new world that lies beyond the post-WWII geopolitical regime whose death-throes dominate the headlines. This post explains why we can only guess, and gives a list of my guesses. The end of this downturn will be like a singularity in astrophysics, where the rules break down. …
