Brief summary of actions mostly by executive order that the Biden administration has taken in a mere 10 days. Some of these will have a significant economic impact; others are less important…
Modern Monetary Theory — The Dangers and the Impact on Markets
MMT stands for Modern Monetary Theory. We have to understand MMT so we can see its impact on markets and the dangers it may present if it is pursued much longer…
The Obsession With MMT — Modern Monetary Theory
If you have not yet heard of Modern Monetary Theory (MMT), you will soon. If you’ve heard of it but don’t know what it means, join the club. There are only a handful of experts who really understand MMT.
2020 Economy: The Worst Year Since World War Two. What’s Next?
We just finished the worst economic year since the Second World War. What’s next? The final numbers on the economy for 2020 are in (subject to the usual adjustment processes). In the US, GDP growth for 2020 was negative 3.5%. How bad was that? It was worse than 2009, when growth collapsed about 2.4%. It was worse […]
The New Great Depression with Jim Rickards — Economic Consequences
Jim Rickards speaks to chief editor of The Daily Reckoning Australia, Shae Russell about his new best selling book – The New Great Depression. He provides an overview of what the book is about and goes on to discuss the extensive research behind the book. Jim also talks about the specific points he covers within […]
A Miserable Outlook for the World’s Most Important Economy
Dear Reader, The two principal pillars of the Biden policy program boil down to monetary policy (zero rates and money printing) and fiscal policy (deficit spending and a higher debt-to-GDP ratio). This will be exacerbated by higher taxes, lower wages (due to immigration), and more regulation (due to the Green New Deal). It’s a recipe […]
A New Gold Bull Market? — The Markets to Prioritise and Avoid in 2021
2020 was the best year for gold and silver price increases since 2010. Gold rose 25.12% and silver rose 47.82% last year. Gold prices could spike higher long before 2025.
Problems with the Global Elite — When Money is Weaponised
Dear Reader, People often make the mistake of assuming that just because you’re super-rich, you must be super-smart. That’s wrong. There’s actually no correlation. Being rich can result from talent and hard work, but it can also come from sheer luck, inheritance, or the right marriage partner. Likewise, being smart is a blend of heredity, […]
A Neo-Stasi Approach — Janet Yellen spells Disaster for the US Dollar
Dear Reader, Stasi was the name of the East German internal security police during the worst days of the communist dictatorship in the German Democratic Republic during the Cold War. Stasi was an acronym for the State Security Service. Its many activities included illegal arrests, interrogation, and incarceration of political prisoners. The Stasi was also […]
Lockdowns Don’t Stop the Virus, But they Do Destroy the Economy
Dear Reader, The US economy lost 140,000 jobs in December. Only about 55% of the jobs lost in March and April have returned. That’s a significant number. Americans and others around the world who make their living as bus drivers, bartenders, waiters, hair stylists, and boutique store clerks — among thousands of other jobs — […]
