No Quick Fix for the U.S. Economy…

We’ve seen that the “news” you get from the mainstream media is mostly fake. Not that it is intentionally untrue or that the facts are necessarily false. It is fake in the sense that it pretends to have meaning that isn’t there. It is often meaningless, misleading, or even completely untrue. The brouhaha over the […]

What the “Deep State” Is Really Up To

Google counted more than 32 million inquiries. There were features on the Deep State – the “shadow government” that runs the country no matter who’s in power – in The Washington Post, The New York Times, The Atlantic, and The New Yorker. The Trump administration, too, has been focusing on the Deep State. White House Press Secretary Sean Spicer:

Funny Money Is Getting Funnier

Everyone seems to want to get clear of his own currency and into someone else’s – especially the dollar. Much of this refugee money ends up in real estate. Unlike bankers, real estate salesmen don’t ask questions. “Just show me the money,” they say.

Manhattan, Los Angeles, Miami, and San Francisco – and even central Virginia – are being bought by foreigners eager to protect themselves from their own funny monies.

The Fed’s “Debt Monster” Is Calling the Shots

You know our prediction: The Fed will never willingly lead interest rates to a neutral position. It can’t. It has created a debt monster. It must feed this Frankenstein with easy credit.

This time last year, the Fed began its “rate-tightening cycle.” That is, it began raising short-term interest rates.

Gold Edition: Why You Will Need Gold

Central banks are in the process of making trillions in government debt disappear. Governments borrow money that doesn’t exist. The debt may disappear. But the credit – the money put into the economy to create the debt – lives on. The government borrows. The central bank buys its debt. Then it never asks to be repaid. Gold was cash back then. And Roosevelt was trying to avoid the very thing we’ve seen happen in Argentina, Cyprus, and, most recently, Greece – a dash for cash.

If World War II Breaks Out Again, We’ll Be Ready for It…

The U.S. stock market has already set new records in anticipation. Northrop Grumman of West Falls Church, VA, and SAIC of McLean, VA, should do well. Ship maker General Dynamics, also of West Falls Church, VA, may do even better. Trump says we should have 350 ships.

“Damn the drones… Full speed ahead. If World War II breaks out again, we’ll be ready for it!”

Too Early for “Inflation Bets”?

The Trump plan calls for increased spending… while cutting taxes. Let’s see… Lower taxes plus even higher spending… hmmm. We’re getting a deja-vu feeling all over again.

Trump Saves the Deep State

Mr. Trump never suggested that he would root out the real problem behind low growth and high inequality: the Fed’s fantasyland credit system. Nor did he ever claim to be an austere conservative. He will not cut spending. He will increase it.

“Stocks surge as investors put money on stimulus,” reports The Wall Street Journal.

Will Trump Do What Reagan Couldn’t?

As we predicted, Americans got the president they deserved. Now, “no dream is too big.” No nightmare is out of bounds, either.

Dow futures fell as much as 800 points as news spread and investors thought the end of the world had come.

But here at the Diary, we were serene. We had mocked both candidates… and mooned the sacred rite of democracy – the election itself.

President Obama’s Alternate Universe

In President Obama’s version of history, the last eight years have been a Golden Age for America. Here’s what happened in his alternate universe: …a more durable, growing economy; new private-sector jobs since early 2010; rising wages, falling poverty, and the beginnings of a reversal in inequality