Tag Archive | "hyperinflation"
Reality bites
The BRICS are making their move to shove aside the U.S. dollar (although their own troubles might interfere). The dollar dump is particularly timely in light of recent recognition that U.S. credit verges on junk status, and rates lower than Mexico and several other countries with relatively small industrial economies. And, as pointed out by [...]
Continue reading...Demise of the dollar
Tuesday, February 22, 2011
The U.S. dollar continues its journey from Brobdingnagian to Lilliputian stature, and the latest trade report is a prelude to the dollar as microbe. The Prime Mover in this case is King Ben, who has the helicopter on track for a one-way trip to Zimbabwe with every American along for the ride. Death of the [...]
Continue reading...Empire of lies
Sunday, October 31, 2010
Benny and the Inkjets are tossing the money around, but it didn’t pump up the industrial economy the last time and QE2 will be no better, even if the next version is expectedly gihugic. He’s destroying the dollar in the process of printing fiat currency, but he cannot keep up with the ongoing economic contraction. [...]
Continue reading...Channeling Berra about Barack: “If you can’t imitate him, don’t copy him”
Wednesday, January 6, 2010
Lately I’ve been thinking about the relevance of Yogi Berra in the age of Obama. The all-star baseball catcher is best known as the master of the malapropism, and many quotes attributed to him seem especially timely in the age of Obama. I guess that’s one of the attributes of timeless quotes — they seem [...]
Continue reading...Theory and practice
Tuesday, August 18, 2009
I used to believe the bankruptcy of the Federal Deposit Insurance Corporation would have substantial implications. The FDIC officially ran out of money last Friday when they shuttered the usual handful of banks. When they close another handful this Friday -- conveniently out of the media's not-so-watchful eye -- they'll have exactly nothing with which to back up the deposits. Since backing up deposits in failed banks is the FDIC's entire mission, this should cause the financial system to fail overnight.
Continue reading...Bring on the doomers
Wednesday, August 12, 2009
The twin sides of our fossil-fuel addiction -- energy decline and global climate change -- are the most important topics we can address as a species. The national conversation ignores or marginalizes these critical topics. On the rare occasion they inadvertently come up, we act like a roomful of eight-year-olds with plates full of peas and mashed potatoes, pushing the main course around without actually ingesting it, wishing for the distraction of dessert.
Continue reading...Time for a revolution
Thursday, May 28, 2009
If you think the economy is more important than the environment, try holding your breath while counting your money.
Continue reading...
Sunday, May 15, 2011
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