Reality Check continued

The degree of disinformation in the aftermath of 9/11 was massive, but it was not recognized at the time. Here is an example.... keep reading

When victory is open-ended, the costs of war are open-ended. War is the health of the State.... keep reading

Getting into Afghanistan was not the problem. Getting out has proven to be a never-ending problem. When you cannot define victory after an invasion, you cannot leave the battlefield without losing.... keep reading

The mania/bubble of 1995 to March, 2000, made the NASDAQ look like the source of wealth for all. That was an illusion shared by the entire investment world except for Warren Buffett and me, who stayed out of it. I warned my subscribers in February, 2000. Here, I warned them again.... keep reading

Japan is the oldest society on earth. It is getting older by the day. The government and corporations have made promises regarding old age pensions. Now workers must be taxed to fulfill these promises. Stagnation lies ahead.... keep reading

The real estate boom of 1996 to 2005 was the product of Federal Reserve policy: monetary inflation. But in late 2004, the FED reversed, going into stable money mode, thereby deliberately raising short-term interest rates. On such foundations are recessions built.... keep reading

Forecaster Richard Russell says the secret of getting rich is to avoid losing money. I argue that the best way to get rich is to identify a niche market and start a business to fill it. Sometimes these goals clash.... keep reading

Economist Wynne Godley was convinced that savings would make the 2001 recession worse: the same old Keynesian bugaboo. I was worried about Greenspan's policy of inflating the money supply to reduce short-term interest rates: the same old Austrian School bugaboo.... keep reading

This remains the oddest oddity of the entire balance of payments question. Warren Brooks pointed it out in 1991. It still was unexplained in 2001. It remains unexplained today. How is this possible?... keep reading

In mid-July, 2001, the Dow moved up 238 points in one day based on a single economically peripheral news story. The lemmings were still hopeful, despite the recession that was not yet official.... keep reading

The experts tell us to buy and hold. This is the key to investment success. But this theory has risks and flaws, as every investment strategy does. You need to be aware of them.... keep reading

In 2001, the Federal Reserve pumped in fiat money to keep prices rising. In 2004, the FED began stabilizing money. If it sticks to this policy, price deflation and recession lie ahead.... keep reading

Here is a way to short-circuit the effects of the Financial Modernization Act of 2001. If you don't take action, you are vulnerable.... keep reading

What would the American revolutionaries say of our taxes today? Would they think that their battles to bring liberty from oppressive taxation were worth it?... keep reading

Like a drug, fiat money is addictive. When the FED adopted an easy-money strategy in 2001 to reduce interest rates, it created a false boom to counteract a real recession. In late 2004, the FED reversed this policy.... keep reading

Any business that is not actively adding to its email list is digging a deep hole for itself -- maybe a burial plot. It is handing over market share to its competitors.... keep reading