The Economic Decline: November 1, 2016


The Fatal Expense of American Imperialism
The single most important issue in allocating national resources is war versus peace, or as macroeconomists put it, “guns versus butter.” The United States is getting this choice profoundly wrong, squandering vast sums and undermining national security. In economic and geopolitical terms, America suffers from what Yale historian Paul Kennedy calls “imperial overreach.” If our next president remains trapped in expensive Middle East wars, the budgetary costs alone could derail any hopes for solving our vast domestic problems… (Continue to full article)

Turning Cheap Generics Into Overpriced Ripoffs
Drugmakers turn cheap generics into expensive pills. Many drugs have active ingredients that can be purchased for a fraction of the cost… (Continue to full article)

Gold to Play Roll In New Global Monetary System
Lib-StG-wallpaper.jpgGold is a hard currency. It can’t be printed – like fiat money. It is divisible and it does not perish. It retains its purchasing power in the long term. If it’s in the center of the monetary system, it will also be more stable in terms of purchasing power in the short and medium term… (Continue to full article)

Fund Manager: Liz Warren Doesn’t Know Her Place
But in this case, we agree with Princess Pokawantus… (Continue to full article)

How a ‘Pillar of German Banking’ Lost Its Way
And it will come to every bank in America – just as it will to all… (Continue to full article)

Life And Death On Wall Street
Wall St_pigs-by-Victor-Juhasz“We’re in precarious times for sure. What we have done is unprecedented in the history of the United States. We got rid of the benchmark, the gold standard. We don’t have any any stable benchmark anymore. Instead, we have currencies that are being benchmarked off of each other. If you’re measuring your weight you want a scale, right?”… (Continue to full article)

Venezuelans Resort To Weighing Cash As Hyperinflation Builds
“I Feel Like Pablo Escobar”… (Continue to full article)

Gasoline_thmbGasoline Prices Soar After Colonial Pipeline Explosion In Alabama
Here we go again! Any excuse to ‘pump’ us at the pump. Just two months ago – it was another explosion due to massive storms. Waterways and wetlands are being destroyed by faulty and outdated equipment and pumps and there is a plot to install a new massive pipeway over at least four states and what will the future bring?  (Continue to full article)

The Titanic Sinks on Election Day
The US national debt (official only) is nearly $20 trillion and has approximately doubled every eight years. What is the plan for controlling the growth of that debt? Let it grow exponentially and assume something magical will fix it? Hope that congress will cut expenses? Wait for the Easter Bunny to deliver a pile of dollars from La-La land?… (Continue to full article)

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