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Recent Posts

Disasters Can Happen

Alan Greenspan’s Pickled Economy

Economyby MN Gordon

Economic Prism

Former Federal Reserve Chairman Alan Greenspan resurfaced this week.  We couldn’t recall the last time we’d heard from him.  But, alas, the old fellow’s in desolate despair.

On Tuesday, for instance, he told Bloomberg he hasn’t been optimistic for “quite a while.”  Obviously, this is in contrast to the perennial Goldilocks attitude he had during the 1990s.  So what is it that has the Maestro playing a low dirge?

China, the dollar, Dodd-Frank, and associated unknowns are all part of his negative outlook.  But the long winter of his discontent is something else.  Greenspan said he “won’t be [optimistic] until we can resolve entitlement programs.”

“Nobody wants to touch [entitlements].  But it is gradually crowding out capital investment and that is crowding out productivity and that is crowding out the standards of living,” said Greenspan.

Indeed, funding (Read More....)

. . . → Read More: Alan Greenspan’s Pickled Economy

Earthquake Economics

United-States-Helpby MN Gordon

Economic Prism

“The United States of America, right now, has the strongest, most durable economy in the world,” said President Obama, in his State of the Union address, on Tuesday night.  What performance metrics he based his assertion on is unclear.  But we’ll give him the benefit of the doubt.

Maybe this is so…right now.  But it isn’t eternal.  For at grade, hidden in plain sight, a braid of positive and negative surface flowers indicate an economic strike-slip fault extends below.  What’s more, the economy’s foundation dangerously straddles across it.

Something must slip.  A massive vertical rupture is coming that will collapse everything within a wide-ranging (Read More....)

. . . → Read More: Earthquake Economics

The Exhilarating Romp to DOW 30,000

Moneyby MN Gordon

Economic Prism

The stock market appears to have resumed its upward trajectory.  The S&P 500’s back above its 200 day moving average.  In fact, the S&P 500’s less than 50 points from its all-time high of about 2,131.

Soon the brief panic in August and September will be nothing more than a mere blip on the price chart.  A convenient toehold where stocks dug in, coiled up, and then sprang to a new record level from.  Buy the dip aficionados will point to it for validation and self-satisfaction.

By all accounts, stocks are nearly as expensive as they’ve ever been.  No matter how you slice and dice it – be it the Shiller’s Cyclically Adjusted Price (Read More....)

. . . → Read More: The Exhilarating Romp to DOW 30,000

The Chinese Fiasco

Chinese Policeby MN Gordon

Economic Prism

The twilight receded into the vista of the glowing port lights.  Docked container ships melded into the profusion of overhead cranes.  Sporadic refinery flares overtook the final sparkles of dusk.

The sun slipped beyond the far side of the Palos Verdes cliffs.  We lit a giant bonfire and settled down to its tantalizing flames.  The kindling crackled and snapped.  Sparkling embers escaped in the light onshore breeze.

School’s back in session tomorrow.  But for the under 10-year old crowd we tent camped with last Saturday night at Cabrillo Beach Youth Center, sitting in a classroom was the furthest thing from their mind.  Whittling drift wood, tying bowline knots, and kayaking the breakwater were the tasks at hand.

Our vantage point from Cabrillo Beach in San Pedro, looking back at the Port of Los Angeles and over to the Port of Long Beach, was a sight for reflection.  At this outer peninsula tip the managed chaos of container ships, docks, cranes, semi-trucks and railcars intermingled in (Read More....)

. . . → Read More: The Chinese Fiasco

Before We Can Capture The West We Must Capture The Culture

bro-62693_640Guest Post Peter Wood

In this my last article I expand on subjects already touched on in previous articles and attempt to draw together the various strands of the socialist totalitarianism currently undermining Western democratic societies – liberation theology, ecology, eugenics, homosexuality, feminism and multiculturalism – all bound together by the tyrannical bonds of political correctness.

The Coming Totalitarian World Of The Power Elites And The Zombie Populations Which Make It Possible

From their places of honor in hell, Marx, Stalin and Mao Zedong must have been laughing, when on arrival in La Paz during his recent tour of South America, Pope Francis was presented with a wooden crucifix carved in the form of a hammer and sickle by Bolivian President Evo Morales. By having the cross formed into a hammer and sickle Morales was effectively replacing the Son of God as the savior of mankind with communism. One of the founders of liberation theology, Peruvian theologian Gustavo Gutierrez, praised the “new atmosphere” under the Italo-Argintine leader of (Read More....)

. . . → Read More: Before We Can Capture The West We Must Capture The Culture

A Handbook For A Peaceful Return To The REPUBLIC

HopeGuest Post, Jim Bob

INTRODUCTION

This booklet is the result of many years of studying and finding connections across a variety of subjects in an effort to understand our world and my place in it. This reflects my honest understanding of the view from my window. This is my considered opinion and only that. It is full of what I believe to be facts but I urge the reader to do his or her own homework. Seek out verification or refutation, for facts are cheap and information is abundant, but knowledge is precious. The world around us is not always what it seems and our understanding of it is limited to our observations and the observations of others we choose to add to our own. The problem is always with verifying the observations of others, including all of the teachers and professors we’ve had. Many of us took (Read More....)

. . . → Read More: A Handbook For A Peaceful Return To The REPUBLIC

Cynics and the Big Fat Greek Default

Greek Defaultby MN Gordon

Economic Prism

“Crito, we owe a rooster to Asclepius. Please don’t forget to pay the debt,” were the final words of Socrates. He uttered them shortly after downing poison hemlock in 399 BC, in fulfillment of his death sentence for corrupting the youth.

Asclepius was the Greek god for curing illness. One interpretation of Socrates’ last words is that death is the cure – or freedom – of the soul from the body. Another is that Socrates viewed his death as a cure for Athens’ ailments…including its decline from the height of hegemony and defeat by Sparta in the Peloponnesian War.

By all accounts, Socrates’ followers were left searching for direction following the death of this profound gadfly. Plato, for example, went on to explore, broaden, and clarify Socrates ideas, making them lasting contributions to the world. However, many of Socrates’ other followers dissolved into various factions, and became nothing more than historical footnotes.

The Cynics, for instance, took Socrates’ teachings of the (Read More....)

. . . → Read More: Cynics and the Big Fat Greek Default

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