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Disasters Can Happen

Why The US Federal Debt Isn’t Sexy Enough To Carry Interest With The Voter, And The Politicians Know It

by MN Gordon

Economic Prism

Best Case Scenario

“No one really cares about the U.S. federal debt,” remarked a colleague and Economic Prism reader earlier in the week.  “You keep writing about it as if anyone gives a lick.”

We could tell he was just warming up.  So, we settled back into our chair and made ourselves comfortable.

“The voters certainly don’t care about the federal debt,” he continued.  “They keep electing the same spendthrifts to office.

“And the politicians know the voters don’t care.  They also know that making more and more promises is the formula for getting reelected.

“Deep down, the aging masses know they need massive amounts of government debt to pay their social security, medicare, and disability checks.  On top of that, many of the so-called gainfully employed are really on corporate (Read More....)

. . . → Read More: Why The US Federal Debt Isn’t Sexy Enough To Carry Interest With The Voter, And The Politicians Know It

Janet Yellen’s 78-Month Plan for the National Monetary Policy of the United States

by MN Gordon

Economic Prism

Past the Point of No Return

Adventures in depravity are nearly always confronted with the unpleasant reality that stopping the degeneracy is much more difficult than starting it.  This realization, and the unsettling feeling that comes with it, usually surfaces just after passing the point of no return.  That’s when the cucumber has pickled over and the prospect of turning back is no longer an option.

In late November 2008, Federal Reserve Chairman Ben Bernanke committed a fait accompli.  But he didn’t recognize it at the time.  For he was blinded by his myopic prejudices.

Bernanke, a self-fancied Great Depression history buff with the highest academic credentials, gazed back 80-years, observed several credit market parallels, and then made a preconceived diagnosis.  After that, he picked up his desktop copy of (Read More....)

. . . → Read More: Janet Yellen’s 78-Month Plan for the National Monetary Policy of the United States

Main Street Depositors And Lenders Continue To Get A Raw Deal

Simple Math of Bank Horsepucky

by MN Gordon

Economic Prism

The Raw Deal

We stepped out on our front stoop Wednesday morning and paused to take it all in.

The sky was at its darkest hour just before dawn.  The air was crisp.  There was a soft coastal fog.  The faint light of several stars that likely burned out millennia ago danced just above the glow of the street lights.

After a brief moment, we locked the door behind us and got into our car.  Springtime southern California mornings are exquisitely pleasant.  The early morning drive to downtown Los Angeles, on the other hand, is exquisitely painful.

Nonetheless, we make the best of it like we make the best of a trip to the dentist – or a visit with our accountant.  If anything, it affords us the opportunity to do something most people rarely do.  In particular, it gives (Read More....)

. . . → Read More: Main Street Depositors And Lenders Continue To Get A Raw Deal

Will the national struggle end with the election of Donald Trump?

by MN Gordon

Economic Prism

Ordinary ideals of Americana range as far and wide as the North American continent.  The valued conviction of one American vastly differs from that of another.  Joe from Santa Fe may have little connection with Joe in South Bend or Joe in South Boston.

One may celebrate adventures in mysticisms.  Another may find inspiration sitting in a college football grandstand.  While a third struggles to free himself of the orthodox hobgoblins that suffocate his soul.

Until Donald Trump came along, the story of the national struggle, as outlined by the discredited mainstream media, had been told with delicate regularity.  The news was professed from the locus of the two party political system…any diverging views were carefully sifted out.  What was reported was only what the story editors allowed to pass through their single micron particulate (Read More....)

. . . → Read More: Will the national struggle end with the election of Donald Trump?

Meet Your New Stimulus Allocation Czar

department_of_treasury_seal_2895964373by MN Gordon

Economic Prism

March Towards Midnight

The march towards (Read More....)

. . . → Read More: Meet Your New Stimulus Allocation Czar

The Number One Factor Influencing Fed Monetary Policy

by MN Gordon

Economic Prism

Things Ain’t Right

A brief scan of the financial and economic landscape – both in the U.S. and abroad – offers ample confirmation that we are in the midst of a great reset.  From a feint tickle at the turn of the new millennium to a persistent itch a decade ago, the preponderance of evidence in this regard is now much too painful to ignore.  There’s no denying that things ain’t right.

Debt is increasing while GDP’s stagnating.  Stocks are rising while earnings are declining.  Incomes are flat-lining for the majority of workers while growing by leaps and bounds for the 1 percent.  Plus there’s over $13 trillion of negative-yielding debt.

With all this going on, what’s become lucidly clear is the frank understanding that there’s nothing that can really be done to reverse it.  No executive order.  No monetary (Read More....)

. . . → Read More: The Number One Factor Influencing Fed Monetary Policy

Visions of Tomorrow from the Permanently High Plateau

Moneyby MN Gordon

Economic Prism

Somewhere, someone first said “bull markets don’t die of old age.”  We suppose this throwaway phrase was first uttered in a time and place much like today.  That is, in the midst of a protracted bull market where stock prices had detached from the assets and earnings of companies their shares represent claim to.

Presumably, it was used as rationale for why stock prices should go higher.  Quite frankly, we don’t know why anyone would ever say such baloney.  But it likely makes the person who emits it feel content about their place in the (Read More....)

. . . → Read More: Visions of Tomorrow from the Permanently High Plateau

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