One of the 5 main purposes of the meeting in Davos is to discern and implement new ways to convince the public that giving a perpetual and eternal supply of money to the largest employers in the world - governments, the banking industry and the defense industry - is the path to financial salvation.
Read More »Why The Gold Price Remains So Low: An Inside Scoop (+5K Views)
Gold investors are becoming ‘roadkill’ as our current economic structure completes its metamorphosis from a capitalist system within a democratic government into an ‘idiotocracy’.
Read More »Kicking the Can Down the Road Will Eventually Lead to a Debt Jubilee
How long before interest payments on the debt exceeds revenues? An cross-the-board ‘Debt Jubilee’, however, from an historical perspective shows that retiring debt can actually make a country’s economy, and its indebted citizenry, all the better for it.
Read More »Baltic Dry Index: Leading Indicator of Short-term Global Economic Activity & Commodity Price Movements (+2K Views)
BDI is a “leading economic indicator” in that it measures the transportation cost of raw materials used for production of finished goods. Therefore, it is an important input in predicting short-term economic activity.
Read More »The Baltic Dry Index: Why You Should Use It and How to Do So (+3K Views)
The Baltic Dry Index is, in my opinion, the best leading economic indicator to follow when the media is telling us the economy is looking great one week and then predicting a double dip recession the next. Let me explain. Words: 933
Read More »What Is the “Debt Ceiling” and Why Does It Matter? (+3K Views)
Going over the debt ceiling would mean the US government legally can’t pay its bills and would default on the national debt. This would be catastrophic in ways that would make Lehman Bros look like a walk in the park.
Read More »The Debt Ceiling Concept: It’s Origins & Why It’s Now A Dumb Idea (+2K Views)
America was once the world’s model democracy. Now it’s a global laughingstock with a government that can’t keep the lights on and is threatening to renege on its debts. How did this happen?
Read More »Gold: What Do Terms “Karat” & “Troy” Mean? What’s A “Carat”?
What's the difference between 1 troy ounce of gold and 1 (regular) ounce? What's the difference between 18 and 10 karat gold? What's the difference between a .75 and 1.0 carat diamond? Let me explain.
Read More »4 Myths Regarding the Supposed U.S. Debt Ceiling Crisis (+4K Views)
The debate in Washington over when and how to increase the debt limit is less than 100% accurate. Here are some myths about the debt ceiling and the debate about raising it.
Read More »NFL Is Based On Socialism – Yes, Socialism! (+4K Views)
Football, the most red-blooded, all-American, do-or-die, love-it-or-leave-it sport there is was founded on a concept so "un-American," it would make Ronald Reagan turn over in his grave. It's called socialism. Yes, socialism!
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