Economy

The least imperfect monetary system by which civilized nations can conduct their business is the classical gold standard - a system in which every major nation defines its currency as a weight unit of gold. [Let me explain.] Words: 890

Most manufactured goods move between countries in sea containers and such data acts as an early indicator of the health of the economy. What is it indicating at this point in time - a coming recession or not?

There has been a great deal of research done recently on the cost of illegal immigrants to the economy and to society and the results are surprising and encouraging.

The U.S. debt bomb is much higher than most Americans realize. When the U.S. economy finally starts to implode investors need to understand that ASSET values will evaporate while DEBTS stay the same. That is a recipe for disaster.

Costs of living rise and fall differently in different areas. Do you think that prices in Beverly Hills, CA change the same as prices in Gary, IN? Of course not! The Chapwood Index reports the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation.

People often ask me how and when I foresee the U.S. corporate debt bubble bursting and the answer is quite simple: the U.S. corporate debt bubble will likely burst due to tightening monetary conditions, including rising interest rates. Words: 302

The U.S. government pays the interest by issuing new debt but that new debt increases total debt and (eventually) drives up interest rates, which requires more borrowing to pay the annual interest payments. Another year older and deeper in debt! A reset will occur when the debt load becomes too heavy.

Earlier this year, I wrote a series of articles, dubbed "the Great Reset", predicting a debt “train wreck” and eventual liquidation. I estimated we had another year or two before the crisis becomes evident. Now, I’m having second thoughts. Recent events tell me the reckoning could be closer than I thought just a few months ago. Words: 375

The U.S., like the EU and most western nations, is “kicking the can down the road.” Consequently, a U.S. and global debt crisis looks likely in the coming months and years.

The world is in a mess economically, financially, politically and morally. The excesses and moral decadence of the magnitude the The world is experiencing today can never vanish in an orderly way. Sadly, only a total economic collapse can solve the problem and this is, of course, inevitable. No government, no corporation and no individual can or will ever repay the $250 trillion debt that is owed.