Apocalypse This Way Comes -- Economic Commentary by Nelson Hultberg

Financial Sense Online ^ | 9/2/03 | Nelson Hultberg

[arete]

What Kondratieff theory tells us is that the boom-bust cycle that inflationary monetary policy brings about creates prodigious amounts of debt that eventually overwhelm society. A period of liquidation then must follow in order for the economy to regain its health. When Kondratieff theory is integrated with Ludwig von Mises' Austrian analysis of inflationary monetary policy, one is presented with a startlingly clear picture of WHY and HOW our economic troubles over the past 65 years have come about. One then sees the connecting link of factors that cause the volatile boom-bust nature of modern economic life.

I believe that the Austrians have it right and that the rule of the monetarists is quickly coming to an end.

Richard W.

[arete]

FYI

Comments and opinions welcome.

Richard W.

[Lazamataz]

Dammit.

And I so wanted to live.

[ChadsDad]

""George Bush Jr. is as Big Government as you can get! Socialism (or actually fascism) has come to America via a "conservative" administration! "" ...I stopped reading right about here. W hit peice in disguise.

[junta]

Bloody optimist.

[chance33_98]

I think Larry Burkett might concur- god rest his soul. But if it all goes to pot, we will just borrow more :)

[45Auto]

The reality is that the Democratic and Republican parties, as distinctive parties, are shams. They have become nothing but two divisions of the Central Leviathan Party.

Can't say I disagree.

[arete]

"If freedom is to survive the cataclysmic times ahead, it will be because there are still those who can see the big picture, still those who understand that natural law rules all men, still those who possess the contrarian will to fight with word and deed -- not for what is popular, but for what is TRUE."

Richard W.

[The KG9 Kid]

If financial cataclysm, the economic apocalypse, 'The End Of The World As We Know It®' and the shit hitting the fan are all coming our way...

... why would I want to invest in gold again?

[verity]

Between the asteroid, global warming, and this, you are doomed!

[arete]

And I so wanted to live.

I think that you may be near the top of the "those to be eliminated" list.

Richard W.

[Lazamataz]

think that you may be near the top of the "those to be eliminated" list.

.... at least if you have anything to say about it. ;^)

[habs4ever]

How original! Another Kondy wave junkie...ohhhhhhhhh

I hope you have better luck on the weekly lottery tickets than you do with all the snakeoil financial writers you read and have shrink your head.

By the way, have you covered your shorts yet? Hope yer luving this bull market!

[arete]

By the way, have you covered your shorts yet? Hope yer luving this bull market!

Doing very well long miners and natural gas. I know, it's so disappointing to you isn't it?

Richard W.

[Citizen Tom Paine]

What was left out is what should an individual do if this is going to happen.

[Ben Ficklin]

Index of Hultberg's editorials

[NoControllingLegalAuthority]

I think this means our collective American credit card is maxed out. (What do you mean I'm overdrawn? I still have checks!)

[45Auto]

- Gross Domestic Product is over-stated by approximately 10%, or $1500 billion per year, if you ignore absurd adjustments and defer to the cash economy. Income is augmented by similar fictitious ploys such as $800B in self-paid rent for homeowners and $300B in credits for bank checking accounts (nowadays paid by fees), among others.

- Productivity is double-counted and triple-counted by means of adjustments for faster computer processors and faster disk storage access. A recent conjob was perpetrated to reclassify software expenditures as capital equipment investments, thereby allowing a multiplier to be unleashed as in the accounting of equipment sales.

- Business investment over the 12 months ending 2003Q1 for computer systems grew by an hedonically elevated $56 billion, whereas in current unadjusted terms, it rose only $4.4B. Recently announced forward guidance by both Sun Microsystems and Siebel Systems serves to confirm the notion that information technology recovery is a myth.

- Even the jobless report is conducted with fraudulent intent, as nutty estimates are introduced for small business job creation, thus wiping out over 300,000 layoffs in Q1 of this year in revision.

- Savings are not a small and rising percentage of income, but rather are actually about minus $400 billion annually after one pushes off the ledger several fraudulent adjustments cited above.

[habs4ever]

Nope, not at all! I'm not a zero sum guy, so make as much as you can, because it sure won't come out of my pocket.

[habs4ever]

Yeah, that credit card was maxed out in...the '80's...in the...'90's...and now this time, this time...it's been cut in two! REALLY maxed out, no foolin'! Even Albania has a bigger limit than the US....