If you're reading this, chances are you have a bank account, perhaps multiple accounts, to manage your 'savings' and investments (we'll get to why savings is embraced by inverted commas later). Your salary, business, or other income is most likely paid into your bank account, and you spend it using a little plastic card. You … Continue reading How the Banking System Really Works
Last week in a speech at an event in London, Janet Yellen, Chair of the Federal Reserve, was quoted saying that she does not believe there will be a run on the banking system at least as long as she lives. Despite widespread criticism from analysts claiming another financial crisis is not only possible but … Continue reading Yellen Desperate to Avoid Financial Crisis Before the End of Her Term
"Blight" is a botanical term that refers to the extensive discoloration, wilting, and death of plant tissues, not too dissimilar to the erosion, devolution and depression of the Australian economy. That may seem like a harsh assessment of an economy that has been ticking along quite nicely for decades, an economy so strong it hasn't … Continue reading The Great Australian Blight
BREAKING NEWS: Unknown Bitcoin founder, Satoshi Nakamoto, who is believed to own in excess of 1 million Bitcoins valued at over US$2.5 billion, has been found dead in his penthouse apartment in central Tokyo. The cause of death has not been revealed by authorities investigating the murder. Wait, that last sentence didn't make sense... in … Continue reading Satoshi Nakamoto is Dead!
Harry Dent is one of the best economic researches out there. His website http://www.economyandmarkets.com has a wealth of analysis on the coming economic crisis that I strongly recommend you follow (along with my work, of course). Interestingly, Harry's position on gold is bearish. My view, as outlined in my book The Economics of the Economy … Continue reading The Top 7 Cases Against Gold… Debunked!
If not fake, then grossly misleading at best - latest figures from the U.S. Bureau of Labor Statistics claim that unemployment at the end of May 2017 was only 4.3%. The last time unemployment was this low was way back in May 2001. Looking at this number alone, you'd think the economy must be doing … Continue reading Fake Statistics
Bitcoin. It's now 'worth' $2,800 per unit. That may seem like a lot of real currency to part with for a fictitious share of cyberspace, but what if it goes up to $5,000, $10,000, $20,000 or more? You'll be kicking yourself for not getting in on the action when it was so cheap! The reality is that Bitcoin … Continue reading The Cryptocurrency Trap
The Economics of the Economy is my first book. I haven't reached a formal publishing deal yet so I'm selling the book online for now so I can raise funds to improve this website and more importantly, to raise awareness of the treacherous economic conditions ahead. "Treacherous" economic conditions ahead may sound a little hyperbolic, but this isn't a … Continue reading The Economics of the Economy – Inaugural Blog Post