In his 1936 book, ‘The General Theory of Employment, Interest and Money,’ John Maynard Keynes argued that aggregate demand was too volatile to be stable and would lead to inflation or recession. His theory honed in on spending as a means of price control. Low aggregate demand, Keynes argues, would […]
Those who attended the 2025 World Economic Conference know that I have agreed to participate in a Hollywood film on my life. Everything is still in the works. I will provide more information once it becomes available, but I expect big news in the year ahead. Fortune and fame have […]
California state experiences a payroll contraction during the first eight months of 2025, marking the largest job decline since COVID. The state’s 5% unemployment rate is above the national average and has remained so for the past 19 consecutive months. Over 173,000 jobs disappeared from California from January to November […]
The year 2025 was not defined by a single shock, but by a decisive break in confidence. Governments repositioned, as did central banks, but both have realized they are unable to stop the cycle in motion. The public no longer trusts those in charge of monetary or fiscal policy and […]
While all we have heard from the biased goldbugs who insist that the US will go broke and the dollar will crumble to dust, that is the oldest theory from the 1970s that has NEVER been correct for it is rooted in the 17th century idea of money must be […]
European leaders were forced to back down on stealing the Russian assets, and have agreed to keep Ukraine funded for two years with a loan of 90 billion euros, or about $105 billion. There is growing discontent within the EU, for a few countries I speak to are starting to […]
Government spending per person in the United States has soared nearly 10,000 percent over the last century, as reported by the Federalist. The number is staggering, but the true question isn’t how much has been spent but what was bought and why the US government needs to spend at such a […]
The glory that was Greece is of another day. The EU is dominated by LEFTIST all following Marx and assume that they can just order people to comply under penalty of one thing or another. Greece has implemented laws requiring taxpayers to provide proof of spending 30% of their annual income through electronic payments, […]
The private debt crisis, coupled with a consumer-based economy, is a recipe for disaster. Americans followed the age-old thinking of “buy now if it will cost more tomorrow” during Black Friday and Cyber Mondy sales, leading to the strongest year of sales on record. The problem is that a large […]
I have been getting emails asking if the EU robbing Russia is the prelude to the Great Taking. Let’s make this very clear – there is NO GREAT TAKING – that is sophistry. You might as well add that they will default on all pensions, medicare, and Social Security while at it. […]