Even before the novel coronavirus appeared, many American families were falling behind on student loans, auto loans, credit cards and other payments. America’s debt overhead was pricing its labor and industry out of world markets. A debt crisis was inevitable eventually, but covid-19 has made it immediate. Continue reading →

Amid a wave of coronavirus panic buying, no product has proven to be more prized than good ol’ toilet paper — no matter how many plies.

The mass buying spree has many wondering why people choose to stockpile the basic necessity, which has many alternatives, albeit not quite as comfortable. Continue reading →

We haven’t seen anything like this since the last financial crisis erupted in 2008. Wall Street has been gripped by a tremendous amount of fear, and the volatility that we are witnessing would have been unimaginable just a couple of months ago. On Monday, the Dow Jones Industrial Average fell 2,013 points. To put that in perspective, the largest single day decline that we witnessed in 2008 was just 777 points. Continue reading →

I have never claimed to be an economics “expert” or anything remotely close, but my university years did make me well familiar with certain aspects of higher math as course requirements and quantitative methods of social science research, especially as applied to the demographics of any particular culture and society. So, through this prism and the perspective of largely a layman on the topic, I have looked at all the numbers I could find on this topic, and I attempted to condense them to a core of those most pertinent, in order to present a fairly comprehensive overview of where America’s economic future currently stands. Continue reading →

Always and again the magic of money presents us with problems. These problems change constantly. Time after time experience teaches us that there is no universally-valid system by means of which monetary problems may be solved. Every new situation demands new deliberations, new measures, new insights, new ideas. Each of these ideas must be informed by and subservient to the sole and single purpose of maintaining the soundness of the currency. ~ Hjalmar Schacht

While the public cannot identify exactly how the system is rigged, it is nonetheless correct: elites in business and government collude regularly to run the American economy to their own advantages and have increasingly done so for decades.

IT IS no secret that Americans have rebelled. On both the left and the right, people have made clear their disgust with business-as-usual. For the Republicans, the Tea Party rebellion began to alter the established party, and the election of Donald Trump rendered the change nearly complete. A comparable rebellion against established practice has pulled the Democratic Party far to the left. Polls show a common complaint: that the system is “rigged” in favor of a self-serving business and government elite. Continue reading →