After years of being kept in the doldrums by orchestrated short selling described on this website by Roberts and Kranzler, gold has lately moved up sharply reaching $1,510 this morning. The gold price has continued…
Category: Economy
Debts that can’t be paid, won’t be. That point inevitably arrives on the liabilities side of the economy’s balance sheet. But what of the asset side? One person’s debt is a creditor’s claim for payment….
“Wanna know how broken and captured Washington is by the Pentagon and the corruption of our nation’s ‘defense’ budget? Well, look no further than the soon to be enacted budget ‘deal.’” In a bipartisan deal…
Imperialism is getting something for nothing. It is a strategy to obtain other countries’ surplus without playing a productive role, but by creating an extractive rentier system. An imperialist power obliges other countries to pay…
Since June 2009 Americans have lived in the false reality of a recovered economy. Various fake news and manipulated statistics have been used to create this false impression. However, indicators that really count have not supported the…
America’s Collapsing Because it’s the World’s First Poor Rich Country There are days I feel like I read dystopian statistics for a living. And then there are day when the dystopian statistics take even my…
[Editor’s note: The article was originally published in December 12, 2016 after the Republican presidential candidate Donald Trump was elected to become the 45th US President in January 20, 2017.] On Dec. 12, President-elect Donald…
Tory leader Theresa May’s days have been numbered for months, her nearly three years as UK prime minister a colossal failure by any standard. She’s been ridiculed and reviled as “mean…crude…stupid (and) the prime minister…
Wherever I look at US policy, foreign or domestic, I see only insanity, ignorance, and incompetence. Take the issue of tariffs, which is Trump’s mistaken approach to bringing the jobs back home. The tariff “solution”…
Trillions of dollars in Pentagon spending have just disappeared into thin air. The Pentagon failed its first ever audit last year. There is so much off-the-books spending that no one has a clue where it’s…
