Central Banks vs. Reality: Gold’s Signal in a War Economy
Mark Thornton explains the gold and silver selloff.
Mark Thornton explains the gold and silver selloff.
Even if peace breaks out tomorrow, the economic damage is done.
Mark Thornton updates the Stocks versus Manure contest, then explains why gold’s correction may be temporary, and why democratic socialism attracts young voters with failed answers to real problems.
Gold and silver whip around with war and liquidity stress, while the Fed quietly rolls out “emergency” support. Mark Thornton explains what’s driving the moves.
Record-low consumer confidence and record-strong corporate earnings aren’t a paradox: they’re the Cantillon effect in real time. Mark Thornton explains who inflation rewards, who it crushes, and what comes next.
Mark Thornton explains how inflation drives the K-shaped economy, why gold and silver remain central to the debt crisis, and why socialism appeals to young Americans left behind by government failure.
The aggregate net worth of all Americans is $170 trillion. Total government liabilities (on and off the books) are $160 trillion. Rick Rule: "I just don't understand how that great big large number goes away." Neither does the Fed.
La administración Trump (al igual que la Casa Blanca de Biden antes que ella) insiste en que tiene la inflación bajo control, señalando el IPC. Sin embargo, otras medidas informales muestran que la inflación es mucho más alta de lo que afirma el IPC.
Los políticos están promocionando la «asequibilidad» para describir el actual régimen de aumento de precios. Sin embargo, la mayoría de los legisladores que afirman estar tratando de hacer las cosas más asequibles exigen políticas que las encarecen.
Los historiadores económicos suelen equivocarse al analizar las causas de la crisis financiera de 1857. Douglas E. French aclara las cosas.