Tag Archive: U.S. Federal Debt

The Consent of the Conned

2017-10-12

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2017-10-12

US Federal Debt, 1970 - 2017
Every single line item in our entire Bernie Madoff scam of a system is cooked. My theme this week is The Great Unraveling, by which I mean the unraveling of our social-political-economic system of hierarchical, centralized power. Let's start by looking at how the basis of governance has transmogrified from consent of the governed to consent of the conned.

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Fed Quack Treatments are Causing the Stagnation

2017-10-03

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2017-10-03

Snake
Bleeding the Patient to Health. There’s something alluring about cure-alls and quick fixes. Who doesn’t want a magic panacea to make every illness or discomfort disappear? Such a yearning once compelled the best and the brightest minds to believe the impossible for over two thousand years.

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US Debt: To Hell In A Bucket

2017-09-20

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2017-09-20

No-one Cares. “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.

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Will the Crazy Global Debt Bubble Ever End?

2017-06-03

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2017-06-03

Inflation
We've been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles. The two games are connected: asset bubbles require leverage and credit.

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The Keynesian Cult Has Failed: “Emergency” Stimulus Is Now Permanent

2017-05-31

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2017-05-31

Total Public Debt, 1970 - 2017
Can we finally admit that eight years of following the Keynesian coloring-book have not just failed, but failed spectacularly? What do we call a status quo in which & emergency measures" have become permanent props? A failure. The "emergency" responses to the Global Financial Meltdown of 2008-09 are, eight years on, permanent fixtures.

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Our State-Corporate Plantation Economy

2017-04-26

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2017-04-26

US Productivity, 1980 - 2016
I have often discussed the manner in which the U.S. economy is a Plantation Economy, meaning it has a built-in financial hierarchy with corporations at the top dominating a vast populace of debt-serfs/ wage slaves with little functional freedom to escape the system's neofeudal bonds.

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The Left’s Descent to Fascism

2017-04-19

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2017-04-19

The Left is morally and fiscally bankrupt, devoid of coherent solutions, and corrupted by its embrace of the Corporatocracy. History often surprises us with unexpected ironies. For the past century, the slide to fascism could be found on the Right (conservative, populist, nationalist political parties).

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Hell To Pay

2017-04-18

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2017-04-18

Yellen Cartoon
Economic nonsense comes a dime a dozen. For example, Federal Reserve Chair Janet Yellen “think(s) we have a healthy economy now.” She even told the University of Michigan’s Ford School of Public Policy so earlier this week. Does she know what she’s talking about?

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The Cost of a Trump Presidency

2017-04-13

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2017-04-13

Syrian Bombing
Last Thursday’s wanton attack on a Syrian air field by the US and its bellicose actions toward North Korea have brought the real cost of candidate Trump’s landslide victory last November to the forefront. Unlike most laymen, accountants, and financial analysts, economists look at cost differently.

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Fed Suppression, Long Term Economic Repression

2016-05-19

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2016-05-19

The Federal Reserve really wants to raise rates, but they do not dare as the consequence of interrupting an unprecedented level of capital misallocation is too grave to face head on. So our money masters continue their low interest rate policy; pulli...

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Heretical Thoughts and Doing the Unthinkable

2016-05-13

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2016-05-13

  Heresy! NORMANDY, France – The Dow rose 222 points on Tuesday – or just over 1%. But we agree with hedge-fund manager Stanley Druckenmiller: This is not a good time to be a U.S. stock market bull.   Legendary former hedge fund manager Stanley Druck...

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