A New Economic Paradigm
Posted April 19, 2011
Since the 1980s, a culture of debt has arisen in the United States. That change was the consequence of a misguided trade policy that gave
Category Archives: The Global Economic Crisis: Past, Present and Future
The Loose Cannon Credit Crisis
Posted April 9, 2011
Starting in the 1970s, international credit flows began to destabilize the global economy. One country after another was plunged into crisis as dollar-denominated credit from
ABANDONED PRINCIPLES
Posted April 4, 2011
There should be no confusion as to the origins of the global economic crisis that began in 2008. This crisis was set in motion in
BERNANKE’S CHOICE
Posted March 21, 2011
For twelve years the US trade deficit financed the US budget deficit and held down US interest rates. From 1996 to 2008, the US trade
Why Won't Bernanke Come Clean on Glut?
Posted March 9, 2011
Perhaps the greatest mystery in the world of finance and economics is why Fed Chairman Ben Bernanke refuses to acknowledge that paper money creation by
The Great Depression and The New Depression
Posted February 21, 2011
A worldwide economic depression began in 2008. This New Depression was caused by the same factors as the Great Depression and followed exactly the same
Currency Manipulators Created $7 Trillion, Causing The Global Economic Bubble
Posted February 12, 2011
The single most important development affecting the global economy over the past decade has been the creation of $7 trillion worth of paper money by
Debt-Financed Trade Caused The New Depression
Posted February 5, 2011
The United States trade deficit hit $2 million A MINUTE in 2006. That was the rate ($800 billion that year) at which the US was
What Every American Needs To Understand About The Economy
Posted January 19, 2011
As the United States debates its economic future in light of large government budget deficits, it is important that the public has a clear understanding
THE FUTURE: AVERTING DISASTER
Posted December 22, 2010
The future – the happiness and prosperity of mankind – will be determined by how global supply and global demand are brought back into balance.
THE PRESENT: ON THE BRINK OF DISASTER
Posted December 15, 2010
The global economy is in crisis. Government intervention on a multi-trillion dollar scale is the only thing preventing a worldwide collapse into a new great
THE PAST: ABANDONED PRINCIPLES AND MISGUIDED POLICIES
Posted December 11, 2010
When I was born in 1960, the political leaders of the United States believed very strongly that it was their duty to balance the government’s
The Past: Abandoned principles and misguided policies
Posted November 25, 2010
Policy Mistakes Unbalanced Budgets The End of Sound Money Promoting Trade with no concern for the balance of trade Financial Sector Deregulation Economic Management through
The Present: On the brink of disaster
Posted November 25, 2010
The Condition and Outlook for the global economy How is the GDP calculated? The breakdown of global GDP by country The Outlook for the US
The Future: What Must Be Done
Posted November 25, 2010
Understanding our starting point: the brink of disaster. The life raft analogy. What caused the Great Depression? Policy Options Cut government spending now Maintain current
Investment Implications
Posted November 25, 2010
What is Quantitative Easing? The most probable outcome A diversified portfolio Cash Flow: Make something and sell it. 2 – Why is audience important for