By: Joseph Solis-Mullen As COVID-19 prompts a reevaluation of institutions and standard methods of operating the world over, an opportunity exists to reorient our economic thinking so that it more closely corresponds to the realities of the modern economic landscape. It starts with abandoning GDP. GDP (gross domestic product, sometimes expressed as gross national product (GNP), a […]
Archives for April 2020
POLL: 10% of small businesses a month away from shutting down
The coronavirus pandemic has decimated small businesses as governments across the United States forced companies to close to help flatten the curve. Although the headlines are about the 22 million jobs lost in just a month, another story is developing: the possible spike in “out of business” signs. According to a new U.S. Chamber of […]
Crude oil crashes 40% to $11 as storage levels near full capacity
Pop open a little bit of the bubbly or leave it on ice? With the way prices are trading, oil producers may decide to leave the black gold in the ground and walk away. May West Texas Intermediate (WTI) crude oil futures crashed $7.17, or 39.24%, to $11.10 per barrel on New York’s Mercantile Exchange. […]
Jerome Powell’s Japanese zombification of America in the age of COVID-19
By: Andrew Moran Federal Reserve Chair Jerome Powell has been on a rampage at the printing press since the United States contracted a severe case of the Coronavirus. Powell and his associates have not been shy about repeatedly rescuing financial markets with ultra-low interest rates, quantitative easing infinity, and even junk debt to shore up the […]
Social Security forecast to cut 25% in benefits in a decade amid insolvency
Say goodbye Social Security this year? If it isn’t a permanent farewell, it is at least a warning shot of how insolvent the retirement Ponzi scheme system really is. Social Security is projected to cost about $1.15 trillion this year, and it is supported by payroll taxes. Since 22 million Americans are out of work, […]