Common Sense Video — The Coming Collapse

Readers of this blog will find this video a repeat of themes which have been discussed here for over three years. It may be useful for regular readers to review the conditions which ensure an economic collapse. Each person interviewed agrees that a collapse is coming. There is only disagreement, and little at that, regarding the elements which will trigger [...]

Bob Woodward Inadvertently Confirms The Coming Economic Apocalypse

Bob Woodward has yet another book coming out and the consummate Washington insider provides us with a glimpse of what’s in it. In doing so, he inadvertently confirms what so many internet pundits have been warning about — an economic catastrophe of unimaginable proportions. In the article in the Washington Post Woodward describes the debt-ceiling confrontation between Congress and the President. It [...]

Kryptonite? No, Just Basic Math

Doug Ross expands on my recent piece regarding the bankruptcy of government and how that will destroy the country. I particularly enjoyed the image below. Kryptonite to Democrats You and I know it as math. Monty Pelerin, writing at American Thinker, offers some sobering factoids that highlight how desperate a fiscal situation the United States is in. • “The official federal debt is [...]

Free-Riders And The Outlook For The US Economy

In the Weekly Standard, Irwin M. Stelzer provided his opinion on the range of likely economic outcomes which he characterized as “gloomy, gloomier, and gloomiest.” Optimists likely dismiss Mr. Stelzer’s taxonomy as overly pessimistic. Pessimists likely accept his alternatives. Some consider him optimistic. Of the three scenarios painted by Mr. Stelzer, the following comes closest to describing my version of [...]

There Is No Way Out

It is nearly impossible for the average person to comprehend the damage the US government has done to the economy. Regulations have harmed business (and consumers). The welfare state is sapping the energy from the productive sector. Growth is below par and will continue to under-perform in terms of historic norms. The standard of living has slowed and will soon [...]

Measured Properly, Things Are Much Worse Than You Are Being Told

Little the government does is efficient or effective. As this becomes more apparent to increasing numbers of people, government resorts to propaganda and lies to hide the true condition. Nowhere is this duplicity more prevalent than in the reporting of economic information. Anyone with above a room temperature IQ marvels at the claims that employment is improving or that the [...]

Greecian Formula Coming To The U.S.

Phoenix Capital Research refutes the political propaganda that the US is in a recovery with five damning charts so simple to understand that even a “media caveman” should be able to understand. If five pictures are not enough to convey the problem, PCR also uses words: Folks, this is a DE-pression. And those who claim we’ve turned a corner are [...]

Atlas Doesn’t Shrug; Atlas Shrinks

Despite all the media hoopla and propaganda regarding how well the recovery is progressing, there is little reason for optimism. Most of the claimed improvements do not hold up beyond the deliberately misleading headlines. This is especially true of claims pertaining to economic growth, employment or the European problems. The US marches inexorably toward its fate with sovereign bankruptcy, continuing [...]

The Destruction of The US Economy is Assured

The slide toward sovereign bankruptcy and economic collapse continues. The best efforts of politicians and their sycophants in the media to convince you otherwise are being contradicted routinely by the the harsh facts of the marketplace. Their propaganda appears increasingly incredible. The private economy has shown virtually no improvement despite stimuli in magnitudes never before imagined. After trillions of dollars [...]

Argentina May Provide a Road Map

Is Argentina the model for what will happen in Europe and the US? Perhaps, and why not? When things get desperate there are only so many options. Here is Bill Bonner’s short summary of what occurred in Argentina: In 2001, the country was deeply in debt. The government was out of money. And the currency was losing value fast. What [...]

How Currencies Die and Gold Prospers — Part II

In Part I of this two-parter a coming currency collapse and accompanying sovereign bankruptcies were discussed. This part discusses why a currency collapse is nearly certain and what options and motivations government has to avoid or facilitate such an event. Whether the coming collapse is slow and orderly or takes place rapidly and haphazardly is not possible to foresee. As [...]

The Debt Monster Will Destroy The 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 sleeping. Debt has grown exponentially in developed countries. This growth includes both consumer, corporate and government debt. Debt is supported by collateral assets. Assets grow linearly. To be sustainable, debt [...]