A short history of Roman economic decline. Similarities with today are striking. Black Friday is, yet again, a failure for brick-and-mortar retailers. Better results from on-line. Default rates are beginning to crank up. They will ultimately dwarf those of the mortgage crisis of 2008/2009. No effort is being made to address this. Global debt just continues to grow exponentially. Trump's economic strategy will never see the light of day. You can't just 'default' on a country's national debt as if it were a casino! Personal money management. Global wealth is in a long, searing decline.
…And the Fed has been responsible since the discipline of gold was cancelled. Some grim economic comparisons. Optimal country size: some surprising facts. Article from a Malaysian newspaper, “Superpower America Is No Different From Other Countries”. Financial consequences of Trump’s victory. Statistics over an economy in terrible shape. Banks will not be able to weather the financial stress. Some interesting facts about the ‘fairness’ (or otherwise) of the current tax distribution setup.
The current, record amount of debt is increasing and will lead to the implosion of the United States itself. It is increasing by more than $1 trillion a year. This is madness. A systemic collapse is all-but-certain. Foreigners are no longer buying U.S. debt. That dreaded milestone is already upon us. Government financial manipulation has caused financial chaos. A story about John Templeton’s ‘Big Trade’. The coming bond crisis. The poison emanating from the Federal Reserve. Can/will Trump destroy it?
No change. The point-of-no-return was breached years ago. The horrors of debt unwinding must take their course. The grim effects on the markets. The default cycle will be catastrophic. The depression in force since 2008 will continue indefinitely. A New York Times editorial deconstructed. Demonizing Russia. They want WW3 and they’ll stop at nothing to get it. The insanity of it all is unfathomable. Anecdotal details of health care in Mexico.
Is ‘growth’ always better in an economy? Many people dispute that, saying undue emphasis on growth can lead to unwise decisions. Growth, per se, does not always eliminate poverty or inequality. Trump won the election because Clinton lost: an examination of why this was so. Volkswagen’s head of Human Resources warns of a massive decline in automotive industry employment, due to the relative simplicity of building electric vehicles. Oil prices in permanent decline. The role of luck in life. The despicable role of the media during the election campaign.
Quick comment on the election results. Americans not-in-the-labor-force. The overemphasis on ‘growth’ in the economy: there is a need to focus on other criteria. Why the future requires a massive drawdown in stock market values. The absurdity of an 8% annual return for retirement plans. This will never happen, averaged out over time. National debt service is poised to soar out of all proportion to economic reality. Galloping automation worldwide: a universal employment problem. This will obviate the need for oil whose prices are set to decline for the foreseeable future.
Background to Tuesday’s election. The fearful consequences of change at all levels. How the polls are rigged. Comment on the monthly unemployment figures. The unthinkable, surreal price gouging of medicines by the pharmaceutical companies. Another interesting take on happiness. A story about the birth of passports. Obamacare in Minnesota. You can be too intelligent for your own good! ‘Tampering’ with election results. Institutionalized corruption.
The earnings reporting scam. A little-known industry secret you should all be aware of. The inanity of Larry Summers extended (if Hillary comes to power). How to get the most out of Social Security. The horrendous state of business investment in America. Death and survival: a look at varying longevity and mortality. The grotesque legacy of Barack Obama.