Gold Whiplash and the Petrodollar
Gold and silver whip around with war and liquidity stress, while the Fed quietly rolls out “emergency” support. Mark Thornton explains what’s driving the moves.
Gold and silver whip around with war and liquidity stress, while the Fed quietly rolls out “emergency” support. Mark Thornton explains what’s driving the moves.
Record-low consumer confidence and record-strong corporate earnings aren’t a paradox: they’re the Cantillon effect in real time. Mark Thornton explains who inflation rewards, who it crushes, and what comes next.
Mark Thornton explains how inflation drives the K-shaped economy, why gold and silver remain central to the debt crisis, and why socialism appeals to young Americans left behind by government failure.
The aggregate net worth of all Americans is $170 trillion. Total government liabilities (on and off the books) are $160 trillion. Rick Rule: "I just don't understand how that great big large number goes away." Neither does the Fed.
The Shiller CAPE ratio has only been higher once in 150 years. The Buffett indicator is 2.5 standard deviations above trend. 40% of the S&P 500 is in just ten stocks. Wall Street sees nothing wrong.
The “bottom 99%” aren’t losing to markets: they’re losing to the Cantillon effect.
War should be good for gold, so why is it falling while oil climbs? Mark Thornton explains.
Mark Thornton warns that war propaganda turns citizens into dupes. Ludwig von Mises’s critique of statism explains why foreign conflicts keep returning.
La administración Trump (al igual que la Casa Blanca de Biden antes que ella) insiste en que tiene la inflación bajo control, señalando el IPC. Sin embargo, otras medidas informales muestran que la inflación es mucho más alta de lo que afirma el IPC.
Los políticos están promocionando la «asequibilidad» para describir el actual régimen de aumento de precios. Sin embargo, la mayoría de los legisladores que afirman estar tratando de hacer las cosas más asequibles exigen políticas que las encarecen.