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The Shocking Truth About Russia

The Russian drama seems to intensify with each passing hour. I certainly have my opinion on the matter, as, no doubt, do you. But it’s not my opinion that I want to share with you today. Instead, I want to share two charts that may well shed new light on recent events… Here’s the first. I warn you, it’s shocking. As you can see, Russia’s workforce growth rolled over around 2010 and now faces one of the steepest collapses I’ve seen in any country! Demographically speaking, Russia is up the creek without a paddle. It’s already experiencing tremendous economic pain […]

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The Shocking Truth About How Barack Obama Was Able To Prop Up The U.S. Economy

Barack Obama is one of the biggest “Keynesians” of all time, but unfortunately most Americans don’t even understand what that means.  In this article, I am going to share with you the primary reason why Barack Obama has been able to prop up the U.S. economy over the past eight years.  If Barack Obama had not taken the extreme measures that he did, we would be in the midst of a historic economic depression right now.  But by propping things up in the short-term, he has absolutely demolished our long-term economic future.  But like most politicians, Obama has been willing […]

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The End of Truth

I’m tired, both mentally and physically. We just finished our three-day Irrational Economic Summit in Palm Beach, Florida, and the event ran at breakneck speed. From Harry’s opening comments to the closing panel I moderated with Harry and Dr. Lacy Hunt, the ideas and information never stopped. But the audience, both live and watching on our streaming service, needed it. I needed it. The conference served as a reminder of how things stand in our economy – low growth, exceptionally low interest rates, low productivity – instead of what we’re usually told to believe. And it shows us how best […]

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Donald Trump’s Convention Speech Highlighted The Truth About America’s Decline

America is in decline.  There are some that still attempt to deny this, but the reason why Donald Trump’s campaign slogan has so strongly resonated with the American people is because deep inside most of us realize that America is not as great as it used to be.  Our economy is a mess, we are 19 trillion dollars in debt, our infrastructure is crumbling, crime is on the rise, moral decay is all around us, other countries don’t respect us as much anymore, and our nation is the most divided that it has been in decades.  Anyone that believes that […]

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When the Truth is Found to be Lies, Confidence in Currency Dies

In 1967 the Jefferson Airplane sang: “When the truth is found to be lies, And all the joy within you dies…” Restating this for economies and global currencies, one might say: When the truth is found to be lies, Confidence in currency dies. WHAT LIES?  Really?  There have been so many.  Here are a few examples specific to the United States (the lies in other countries are probably similar): Lyndon Johnson: In 1965, after decades of excessive government expenditures which caused rising consumer price inflation and rising gold and silver prices, Johnson removed silver from U.S. coins.  He stated, “If […]

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The Deadly Truth About the Great Boom and This “Recovery”

A Yahoo Finance headline this morning reads: “Unhappy New Year: The U.S. Economy Is Stalling Out.” We recently learned that existing home sales in November crashed 10.5% from the month before. Guess when the last time was when we saw these levels? The housing crisis of the mid- to late-2000s! I also recently shared a chart showing a cataclysmic 82% drop in the ratio of new home sales to the U.S. population. To put it simply, we won’t need more real estate for decades to come, with baby boomers increasingly dying to offset rising millennial home purchases. I and a […]

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