Greed is a powerful motivation to be an ardent believer in the central banking cult. The ideal cult convinces its followers that it isn’t a cult, it’s simply the natural order of things.

It’s not just the price of oil that matters: how much disposable income consumers have left to buy more goods and services matters, too. The Oil Curse (a.k.a. The Resource Curse) refers to the compelling ease of those blessed with an abundance of oil/resources to depend on that gift for the majority of state/national revenues.

Few seem alive to the potentially consequential financial risks arising from uncertainties evolving in China. One thing we know rather definitively is that markets don’t like uncertainty: uncertainty is Kryptonite to markets.

What all the entrenched insiders in America’s parasitic, predatory elites and institutions don’t dare admit is that to protect themselves from consequence, we’ve had to sacrifice everything else.

When these are no longer valued as essentials for the common good, society is lost. I’m thankful for the eight things to aspire to listed at the bottom of the right-hand column of the main blog page:

As workforces shrink and opting out becomes increasingly attractive, Global Growth implodes on both the production and consumption sides. A funny thing happened on the way to permanent global growth.