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What’s Wrong With Gold?…

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What — precisely — is amiss with gold? Has the Midas metal… lost its Midas touch? For 18 months the monetary and fiscal authorities have rampaged, banging along with all brakes off. They have carried on at a gait truly astounding. Meantime, inflation finally appears to be rubbing the sand ...

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The Demographic Time Bomb…

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The reason humans are dying out is simple and straightforward. It’s best summarized in the famous line from Walt Kelly’s 1970 Pogo cartoon: “We have met the enemy and he is us.” Humans are the reason humans are dying out. We’re not having enough babies. It’s that simple. When I ...

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The “Quiet” Month of August…

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Twenty years ago, I wrote a report called The Myth of August. The idea was to compare what most people thought about the month of August to what actually happens in August. The myth is that August is a quiet month, everyone in the world is on vacation, no deals ...

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The Great Dollar Paradox…

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The greatest paradox in foreign exchange markets today is the U.S. dollar (USD). U.S. fiscal responsibility is in ruins. In the past two years, the U.S. has authorized $11.5 trillion of new deficit spending and increased its base money supply by over $4 trillion. The U.S. debt-to-GDP ratio now stands ...

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Vaccine Voodoo…

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Many everyday Americans probably believe that the COVID vaccines will keep them from getting COVID. That’s not true and never has been true. The vaccines do not prevent you from being infected with the COVID virus. They do not keep you from spreading the COVID virus. There have been many ...

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The Deadliest Month for the Market…

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The canine days are ended… and today is the initial day of September. Here in Annapolis, summer’s hell fever has broken — for the day at least. Rain and storms blew through. And a sharp, refrigerating wind steals in from the bay. The weatherman projects clearing and cooling conditions to ...

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“The Planet Needs Jerome Powell”…

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“The planet needs Jerome Powell.” This we learn from a certain Robinson Meyer — a staff writer for The Atlantic magazine. More from whom: Biden should renominate Powell for the climate’s sake. The argument for keeping him is simple. Biden wants to do a lot of hard things to combat ...

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$834 Million Every Hour…

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The eyes glaze, the jaw drops, the legs wobble… and the mind reels… The world’s central banks have printed $834 million each and every hour of each and every day… for the past 18 months… to keep the global economy up and going. That is correct. $834 million the hour ...

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Fools, Traitors and America…

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A nation can survive its fools, it is said — but not its traitors. Yet we have long suspected the opposite… That is, a nation can survive its traitors. But it cannot survive its fools. That is because a nation’s fools infinitely outnumber a nation’s traitors. Please answer this question: ...

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The “Infrastructure” Bill…

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We are surprised only that so many are surprised… 19 Republican members of the United States Senate hoisted a truce flag… came to terms with their Democratic foes… and signed their names a $1.2 trillion “infrastructure” bill. Thus the 2,700-page Infrastructure Investment and Jobs Act is the “bipartisan” Infrastructure Investment ...

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