118 Comments

  1. Thanks so much to both Catherine and John for another –as usual– great M&M report. I am looking forward to the WPF conference. Cannot be there to meet you in person, but will be watching livestream and have the recording to share with those in my local WP chapter here in NC. Take care and Catherine have a safe trip back east.

  3. The gas prices did have a spike. It is confusing at first, because the spike was one month before the explosion. But also FED printing started few months before COVID.

  4. The fact that it took 10 years to double the national debt is good news. It is easier to use linear analysis instead of exponential analysis, but it produces false conclusions in a fiat currency system.

    Debts in our inflationary fiat system should be analyzed by their doubling time using the rule of 70. In 1944 the debt was $187.5 billion. It took 27 years to double it to $375 billion in 1971; 70/27 is 2.59%/yr. Seven year later in 1978 it was $750 billion, so it grew at 10%/yr. 1984 was the year it reached $1.5 trillion and 70/6 is 11.66%/yr. $3 trillion was reached in 1990, again 11.66%/yr.

    The US debt is $31 trillion now and was $15.5 trillion ten years ago, meaning that it is growing at an average rate of 7% per year. This is much better than 11.66%/yr.

  5. The most entertaining part of this report is the reveal that Catherine and John have never met in person! You two are great together. Thanks for a moment of adulting each week.

  6. Regarding the State Governors map, the color red no longer means anything (IMHO). I live in Utah and can tell you the so-called Republican governor here is just a globalist shill.

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