These politicians are lawyers – not economists. Lawyers are trained NOT so much in how to comply with the law, but how to avoid it. When Bill Clinton was under deposition he asked what was the definition of “is”. People laughed at that. But this is how a legal background works. It is word-smithing. You […]

We still see the A$ declining with the commodity cycle. The rise is likely after 2015.75. For now the major resistance stands at the Monthly Bullish Reversals at 12366 and 13804. The interesting aspect is that the dollar peaked on August 5th at 11299. The Daily Bearish to watch lies at 10713. A minor Daily […]

Some define hyperinflation as merely the cumulative inflation rate over three years approaching or exceeding 100% with an annual rate above 25%. The reason I do not agree with that definition is because many countries have had brief periods of inflation at that level, survived, and even the currency lives for another day. The USA […]

QUESTION: How did they get hyperinflation so wrong? ANSWER: The one-dimensional thought pattern. For whatever reason, we try to reduce everything to a single cause and effect. Gee – everyone who has ever eaten a carrot has died and that proves that carrots are lethal. This is a true statement that everyone who has ever […]

QUESTION: I have done my own homework and it appears you are correct regarding monetary history and that simply because a currency is “fiat” does not result in hyperinflation, Even the Greenback of the US Civil War did not result in hyperinflation. Is it correct to say then that hyperinflation takes place only with revolutionary […]

After the warnings of the IMF for France, the IMF has also now expressed concern about the outlook for Germany and its banks. People in the states who keep yelling the dollar will crash are simply clueless. They know nothing about what is going on around the world and have blinders on leading a bunch […]

It maybe corny, but it is true. Confidence is not about merely being outwardly proud, it is all about believing in your own ability. The same is true with regard to the economy. Even Keynes realized it is WHAT you believe that counts, not even if it is actually true. Indeed, a false GOOD rumor […]

QUESTION: If 2014 is a war year how can confidence in economy continue till 2015? ANSWER: This cycle is the beginning of unrest. We expect this to begin manifesting in terms of civil unrest – not a worldwide war. That could come later as things develop. However, the civil unrest is most likely to begin […]

The mantra of Goldbugs has been that paper money is worthless and only gold is money. That is pretty much like saying the earth is still flat. Money has historically been many things and gold is only one of them. The issue is always the fact that money (regardless of what it is) rises and […]

When I first came out and wrote about the “Club” and how there was an organized group of banks and some hedge funds that targeted individual markets to manipulate, they tried to pretend it was sour grapes. I had even hired Robert Howe who may have been the first African-American analyst in American History. Bob […]