Want to Understand the Madness in Washington? Look at the Incentives
Washington continues to fail on a debt deal. The simple goal for Washington right now is to pass a deal that will reduce the deficit. Washington leaders only have one incentive: re-election.
The Future of Oil and the End of the Dollar
My basic thesis is that the U.S. is an empire in decline. In the past, it has made some brilliant moves that secured its place as the supreme economic, political, and military leader of the globe. But in its twilight years, America has fallen prey to the common trappings of empire: military overreach, an entitlement mindset, and currency depreciation.
Meet the System That Will Collapse the U.S. Dollar
The coming breakdown of the global petrodollar system will result in the total and complete collapse of the U.S. Dollar. And yet, very few people have even heard of this system, let alone understand it.
State of the Union: Four Absurd “Solutions” to America’s Debt Crisis
I must admit that as I sat down to watch the State of the Union address last night, I was more hopeful than usual that the President would at least propose a handful of ideas for effectively reducing our budget deficits and our collective national debt.
Get Ready for Big Inflation
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The Fed is attempting to create general expectations of inflation through its policy statements and actions.