Financial & Economic Updates

Financial, Economic and Social Mood Update (May 31, 2017)

Financial, Economic and Social Mood Update (May 31, 2017) The biggest financial news this month is not the stock market, but the declaration of bankruptcy by the United States Commonwealth of Puerto Rico effective May 4, 2017. Puerto Rican government debt is now selling at just 65 cents on the Dollar. Puerto Rican debt was already yielding 10 percent interest per annum prior to the declaration of bankruptcy, roughly equivalent to that of Brazil – which itself has gone from being a member of the star “BRICS” bloc to being one of Latin America’s most troubled economies. This biggest American government entity declaration of bankruptcy (to date) is just the tip of the iceberg. The next state governments next in line to do likewise include Illinois, Arizona, Ohio and Nevada – and local government entities on the same list include the likes of Chicago, Dallas, Houston and … [Read More...]

Financial, Economic and Social Mood Update (May 2, 2017)

Financial, Economic and Social Mood Update (May 2, 2017) The employment cuts coming to the public sector of the US economy in 2017-2021 will be even more severe than reported in last month’s update. Instead of the maximum 12 million positions to be eliminated, the figure may now go as high as 18.6 million. As said so many times, the resources to staff, maintain and fund the socialist welfare state simply no longer exist. As the late Margaret Thatcher of England once said, socialism does not work because eventually, you run out of “other peoples’” money to spend. Socialism, communism, Marxism, Leninism, Stalinism, Maoism, Fascism, religious fundamentalism, crony capitalism and feudalism are all among the WORST forms of government possible. Only the true capitalist free market as articulated so clearly by Adam Smith of England will work well. The US attack on Syria … [Read More...]

Financial, Economic and Social Mood Update (April 2, 2017)

Financial, Economic and Social Mood Update (April 2, 2017) The nominal stock market is still near record high (nominal) values, but like I said in last month’s update, the purchasing power of the American Dollar has greatly diminished. One of the most astute commentators today is Mr. David Stockman, former Budget Director under the late U.S. President Ronald Wilson Reagan. Mr. Stockman points out that regardless of which of the two large U.S. political parties has a governing majority (either the Democratic Party or the Republican Party), the USA has slid so far down with respect to its massive debt burden that we have literally passed the point of no return – as Patrick Buchanan says (he is yet another veteran of the Reagan Administration), the USA is clearly becoming a Third World Country. Mr. Stockman points out that regardless of what current U.S. President Donald … [Read More...]

Money Saving and Investment Tips

New President of the US Donald J. Trump (February 4, 2017)

The big date was January 20, 2017 – the inauguration of Donald J. Trump as the 45th President of the United States (POTUS). This marked not merely a changing of the administration in the USA, but more importantly a key element in the overturning of the existing global power structure going back at least to 1944. The main source of power in the world is the “creation” of money. The respective central or national banks of the world perform this all important function, and certain central banks are more important than others. Those which come to mind today include the central banks of the USA (the Federal Reserve System), the UK (the Bank of England), the EU (the European or German Central Bank in Frankfurt), Switzerland, Japan and the much newer BRICS bloc. “BRICS” stands for Brazil, Russia, India, China and South Africa. Above the central banking system of individual … [Read More...]

The Demise of Liberalism and Left Wing Governments (January 1, 2017)

Financial, Economic and Social Mood Update (January 1, 2017) So-called “liberal” and left-wing governments are in a broad retreat all over the world. Even Vice President Joe Biden of the USA said in December 2016 that Germany and Canada are the last two major (i.e., most powerful and most affluent) government stalwarts of this so-called grouping. The much anticipated and long awaited “Global Economic Reset” (actually a global currency reset which determines the ranking of worldwide reserve currencies held by central banks, commercial banks, investment banks, corporations and individuals) is upon us at the start of the year A.D. 2017. The baton has been held by the US Dollar since it overtook the GBP British Pound Sterling in 1944. The “Special Drawing Rights” (SDR) held by the IMF, World Bank and other supra national quasi-public sector central banks is about to shift … [Read More...]

Financial, Economic and Social Mood Update (November 1, 2016)

Financial, Economic and Social Mood Update (November 1, 2016) The Dow Jones 30 Industrials Index reached a new nominal high value on August 15, 2016 and this record is still in place – the index remains about 800 points below the record as of November 1, 2016. There is a need to rise above the chatter and the nonsense of the body politic in much of the world and assess where we now are and where we are going in the near future. Much (but not all) of the formerly industrialized world is in decline – this is evident in the per capita GDP rankings which I discussed in last month’s update. The USA is on the cusp of becoming a de facto Third World country. The overwhelming majority of Americans are recipients or so-called “beneficiaries” of a massive socialist welfare state. They are being supported or held up by a tiny minority of Americans who still support the US … [Read More...]

Financial Terms and Dictionary

The Demise of Liberalism and Left Wing Governments (January 1, 2017)

Financial, Economic and Social Mood Update (January 1, 2017) So-called “liberal” and left-wing governments are in a broad retreat all over the world. Even Vice President Joe Biden of the USA said in December 2016 that Germany and Canada are the last two major (i.e., most powerful and most affluent) government stalwarts of this so-called grouping. The much anticipated and long awaited “Global Economic Reset” (actually a global currency reset which determines the ranking of worldwide reserve currencies held by central banks, commercial banks, investment banks, corporations and individuals) is upon us at the start of the year A.D. 2017. The baton has been held by the US Dollar since it overtook the GBP British Pound Sterling in 1944. The “Special Drawing Rights” (SDR) held by the IMF, World Bank and other supra national quasi-public sector central banks is about to shift … [Read More...]

Bookstore

The Demise of Liberalism and Left Wing Governments (January 1, 2017)

Financial, Economic and Social Mood Update (January 1, 2017) So-called “liberal” and left-wing governments are in a broad retreat all over the world. Even Vice President Joe Biden of the USA said in December 2016 that Germany and Canada are the last two major (i.e., most powerful and most affluent) government stalwarts of this so-called grouping. The much anticipated and long awaited “Global Economic Reset” (actually a global currency reset which determines the ranking of worldwide reserve currencies held by central banks, commercial banks, investment banks, corporations and individuals) is upon us at the start of the year A.D. 2017. The baton has been held by the US Dollar since it overtook the GBP British Pound Sterling in 1944. The “Special Drawing Rights” (SDR) held by the IMF, World Bank and other supra national quasi-public sector central banks is about to shift … [Read More...]

Book Articles by Marc Nonnenkamp

The Demise of Liberalism and Left Wing Governments (January 1, 2017)

Financial, Economic and Social Mood Update (January 1, 2017) So-called “liberal” and left-wing governments are in a broad retreat all over the world. Even Vice President Joe Biden of the USA said in December 2016 that Germany and Canada are the last two major (i.e., most powerful and most affluent) government stalwarts of this so-called grouping. The much anticipated and long awaited “Global Economic Reset” (actually a global currency reset which determines the ranking of worldwide reserve currencies held by central banks, commercial banks, investment banks, corporations and individuals) is upon us at the start of the year A.D. 2017. The baton has been held by the US Dollar since it overtook the GBP British Pound Sterling in 1944. The “Special Drawing Rights” (SDR) held by the IMF, World Bank and other supra national quasi-public sector central banks is about to shift … [Read More...]