Monty Pelerin's World

There are still those who don’t believe the world is heading for massive debt defaults. But then there are also some who believe King Tut is not dead but merely [...]

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The current economic crisis rivals the one of the 1930s. Despite shameless propaganda by government and its cronies in the media, people understand that the situation is getting worse. Consumer [...]

What started in 2008 was the beginning of the second Great Depression. This economic crisis has just begun. It has a long way to run and no one can be [...]

I have always believed that we are destined to end this period of economic trauma with another Great Depression, likely one that will make the 1930s appear mild. The only [...]

Quantitative Easing ends in June, according to Ben Bernanke’s initial commitment. As June begins, the ending seems in doubt despite Fed statements regarding its imminent demise.  These comments are perfunctory [...]

Michael Panzer at Financial Armageddon has been rock solid in his claims that there is no “recovery.” Perhaps I admire this position so much because it is consistent with my [...]

Wikipedia describes the use of animals as early warning sensors. Canaries were used by miners: The classic example of animals serving as sentinels is the canary coal mine. Well into [...]

This debate might be interesting, especially so because it involves the key to investing success over the next several years. Where is the United States headed? • A 1930s-style deflationary depression?• [...]

James Quinn writes in his latest post iDepression2.: A little reality about the job situation in this country is in order. The unemployment rate reported by the Bureau of Labor [...]

Government has become Leviathan, and Leviathan has misbehaved and failed miserably. Not since the Civil War has the political future been so tenuous. The Constitution is routinely ignored. The Federal [...]

Readers here know my views on the economy. For those who don’t, this quote from Doug Casey captures them nicely: This is the Greater Depression…and it’s going to be worse…far [...]