Warren Buffett: “Retirees face a bleak future”
Only a handful of people in the world have the ability to set interest rates and inflation policy, or to manage Social Security back to health. Chances are…
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Technology Alone Won’t End Poverty: We Need Savings First
Regardless of how knowledgeable we are and regardless of various technological ideas, without an expanding pool of real savings, economic growth…
Continue readingThe Upside of Lockdowns: More Saving
Something good is coming out of the covid lockdowns…
Continue readingRich Millennials Plot the End of Civilization
We can only thank goodness the parents of these young people believed in serving customers and saving their wealth. This wealth was…
Continue readingIt Should Shock Us That There’s Any Consumer Price Inflation at All
The conclusion that central bankers and vulgar Keynesians want us to draw from tepid growth in consumer prices is that since consumer price inflation is…
Continue readingThe “Great Reset” and Plans for a Global War on Savings
There is an enormous risk that governments will use the excuse of canceling part of their debt with a decision to cancel a large part of our savings….
Continue readingWhy Government Stimulus Sometimes Looks like It Revives the Economy
More government and central bank stimulus policies are likely to further weaken the pool of real savings and place the economy on the path of…
Continue readingA Drop in the Money Supply Was Not the Cause of the Great Depression
The Great Depression of 1930s occurred because of the Fed’s loose monetary stance from October 1920 to August 1924, which undermined the…
Continue readingOn Fiscal Crisis, Savings, Debt And Gold: When Ancient Greece Experienced Their Own “2020”
So while ancient Athens met its crisis with a surplus of nearly $25,000 per citizen, the US has a deficit of $80,000 per citizen. And remember…
Continue readingThe Saving Problem in America: Alternatives and Reforms
People don’t understand the importance of savings, but believe the demonization of savings as a “leakage” from the economic system and that hoarding money is…
Continue readingMMT’s Very Odd Definition of “Savings”
Their conclusions are not only false, but foolish…
Continue readingSavings Are Critical to a Prosperous Economy
The heart of economic growth is the expanding pool of real savings. Monetary pumping destroys the flow of real savings and in turn…
Continue readingCentral Banks Are Destroying What Was Left of Free Markets
This is NOT an exercise without cost. It’s no longer robbing Peter to pay Paul. It’s robbing Peter to pay Peter…
Continue readingAmerica Is Drowning in Problems
Another election approaches and yet again there is no acknowledgement of the real problems our country faces or any interest in…
Continue readingThe Destruction of Demand
Demand based on debt, unfulfilled promises and unaffordable habits is burning down…
Continue readingMassive ‘Buy’ Signal On Gold’s Long-Term Charts
Historically, a “buy” signal like this is typically followed by gains of hundreds of percent!
Continue readingDisney Will Be A Once-In-A-Lifetime Thing Again, People To Relearn Meaning Of “Special” Occasions
It’s the end of the era of cheap credit and taken-for-granted “money”, and it’s the beginning of hard work, sacrifice, thrift, and savings…
Continue readingThe Lockdown Wouldn’t Be So Devastating If Our Economy Wasn’t So Rigged, Brittle and Exploitive
An economy of rackets designed to enrich the few at the expense of the many is brittle because self-serving rackets snuff out competition, accountability and…
Continue readingNEW SURVEY: 60% Of Americans Cannot Provide Basic Necessities If Quarantined For One Month
Some are saying social distancing is the “new normal”, but the new normal is going to be poverty for most of the country…
Continue readingThe Pandemic Is Accelerating the Breakdown That Began a Decade Ago
The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion…
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