Entries by Neland Nobel

Seizing Assets and Sunsetting Deals: Long-Term Implications

Estimated Reading Time: 5 minutes

While it has not gotten much press, the whiz kids in the Biden Administration seem to have quietly blown up the international monetary system, the petrodollar, and the privileges attached thereto. Over time, it means less energy security, a weaker dollar (which will cause the cost of all imports to go up), and higher U.S. interest rates than would otherwise be the case. This will cost all of us dearly in the years to come.

Those Pesky Jobs Numbers

Estimated Reading Time: 5 minutes

“The Biden Administration has basically turned the US labor market into a Temp Agency for foreign workers. American workers are not getting jobs… They’re losing them.” E.J. Antoni, Ph.D, Heritage Foundation On Friday, June 7, the much-awaited jobs numbers were released and as usual, they can roil the markets for a few days.  Also, select […]

European Elections and Cultural Marxism

Estimated Reading Time: 6 minutes

Over the weekend more than 400 million people in the EU were voting on parliamentary elections. Americans usually could care less about European politics. The results so far are being called an “earthquake.” The media, both European and US, lump all European conservatives as “far-right.” Most headlines are about the gains made by the “far-right.” Today, what is “far-right” might include thinking a nation should have borders, a man can’t have babies, that COVID-19 vaccines don’t work, and that Hamas is not something you have with Naan bread.

MAGA: The Revolt Against the Elites

Estimated Reading Time: 6 minutes

The tension between America’s governing elites and the people has likely never been wider, although the quotes above suggest it did not begin with MAGA. However, the rift was not as huge as today, largely because our elites have drifted far to the extreme left and government power is now centered in an unelected bureaucracy which they dominate. At one time, not that long ago, Progressives and Liberals prided themselves on associating themselves with the common man: industrial workers, farmers, miners, ranchers, and construction workers.  This was before they decided they were all deplorables defiling the environment.

Fauci’s Agency Raked In $690 Million From Big Pharma In The Wake Of Pandemic Lockdowns

Estimated Reading Time: 2 minutes

Federal agencies under Dr. Anthony Fauci’s leadership received hundreds of millions in pharmaceutical royalties over the coronavirus pandemic. According to an investigation by the nonprofit government watchdog Open the Books, pharmaceutical and healthcare companies paid more than $710 million to the National Institutes of Health (NIH). The National Institute of Allergies and Infectious Diseases (NIAID), which […]

Will All Real Republicans Please Speak Up?

Estimated Reading Time: 5 minutes

It is a fair question to ask how we got to a condition in this country where one party is using law enforcement, the courts, and intelligence agencies to attack, and in some cases imprison, its political opponents. The term now used to describe this  is “lawfare.”  It means the use of law and the court system to both attack and destroy your political opposition. What cannot be realized at the ballot box can now be achieved through the manipulation of the law. Little thought seems to have gone into the long-term implications for the respect for law as an institution and what damage this does to the democratic process. Or more pessimistically, what they are doing is fully understood and the aim is to create a one-party state.

Are We Back To The Everything Bubble?

Estimated Reading Time: 6 minutes

The term everything bubble was coined when seemingly all investments started to rise in unison, apparently in response to massive liquidity injected into the economy by both the Federal Reserve (monetary policy) and massive Federal deficit spending (fiscal policy). Many also believed that the force pushing all asset prices up at the same time was the era of zero interest rates. While the inflation of asset prices has continued, it seemed to take some time before the price level of everyday purchases started to rise sharply. Some have suggested this had to do with macro factors such as globalization and demographics. Whatever it was, there was a surprising delay but in the past few years, consumer price inflation has hit with full force.

Joe “Boss Tweed” Biden

Estimated Reading Time: 6 minutes

Boss Tweed cut a swath of corruption across American politics in the 19th Century so egregious it sparked a major reform movement. Still synonymous with political corruption is the term “Tammany Hall,” the epicenter of late 19th-century New York City politics. Tweed built a political machine that made him very wealthy and entrenched the power […]

Are Terrorists Crossing The Open Border?

Estimated Reading Time: < 1 minute

Davos in the Desert is Hosting a Program Called The Iranian Threat on America’s Southern Border in Chandler on May 19 Dave Wanetick and Davos In The Desert are bringing another important program to the Phoenix Area. With the organized and well-funded effort to disrupt the university campus, are such groups using Biden’s Open Border […]

America’s Summer Of Discontent

Estimated Reading Time: 5 minutes

This summer will likely be a crucible from which election results will emerge this fall.  By available polling data, it appears Americans are unhappy with the direction of the country and unhappy with the enfeebled, protected, coddled, and coached President Joe Biden.  The most recent polls show some shifts favorable to Donald Trump. The real […]

Weekend Read: Is Marriage A White Privilege ? Part II

Estimated Reading Time: 5 minutes

In part I, we discussed that a traditional family of mother and father produces the best results overall for children. And since children are our future, better results for them translate into a better future for the country. It also means less income disparity and a better life for minority children. To be clear, we […]

WEEKEND READ: Is it White Privilege to be Married? (Part 1)

Estimated Reading Time: 6 minutes

We hear a lot today about “white privilege”, “white fragility“, “systemic racism”, and “white supremacy”. Some have gone so far as to claim math is racist.Not long ago the Smithsonian Institution made some claims about certain human traits that anyone can choose to have, but was presumed to be white and therefore bad. Some of those traits included the use of logic, being on time, politeness, and marriage. Not bad traits at all, we think.To ascribe characteristics to people on the basis solely of white skin color is truly racist because there can be vast differences among Caucasians. We should judge others by their behavior. So, we have the irony of those complaining about racism being the biggest racists of all.

Mild Correction In Stocks Amidst Growing Background Problems In Bidenonmics

Estimated Reading Time: 5 minutes

We have suggested since late December that equities would start having some difficulty as we were seeing disturbing signs in the credit markets, commercial real estate, and housing markets. The stock market, however, did not seem as worried as we were and went on to have a stellar quarter.  Corporate earnings remain decent and liquidity […]

The FED’s Dilemmas

Estimated Reading Time: 7 minutes

The Federal Reserve is an unelected board of bureaucratic experts that holds great sway over the US economy, the world economy, and the standard of living of the people of the United States. Because of the arcane nature of its work, its responsibilities are not something we would want under the sway of political operatives.  […]

The Perfidious Nature of Lawfare – Democrats “Saving Democracy”

Estimated Reading Time: 2 minutes

On April 17th, we attended the symposium put on by Dave Wanetick and “Davos In The Desert” in Ahwatukee.  It was mostly a somber evening with a few flickers of hope. The subject was “lawfare”, a relatively new term to connote the use and abuse of the legal system to damage a political opponent or […]

Thinking About Abortion and Arizona Elections

Estimated Reading Time: 8 minutes

There seems to be no issue that stirs up people as the issue of abortion. It likely is because the thinking and narrative around the subject have been so distorted over the past 40 years or so. It would appear that the issue will be critical in multiple elections this cycle, including the state of […]

Why The Public Does Not Love Bidenonmics

Estimated Reading Time: 4 minutes

The Biden Administration is frustrated. After dumping fiscal stimulus that exceeds both the New Deal and the Great Society into the economy, he gets strikingly little political payback for such lavish handouts. The economy has been growing at a decent rate, unemployment appears rather low, and the stock market has been doing much better than […]

John Eastman and Jeffrey Clark Cases Defy the Rule of Law

Estimated Reading Time: 6 minutes

We don’t live in a free country anymore. Perhaps you hadn’t noticed. It’s easy to miss the vapor of totalitarianism seeping into America when most of our lives are dominated by 21st century bread and circuses, propaganda silos, and self-made virtual worlds, layered on top of centuries of American prosperity and stability made possible by the […]

The Relevance Of Gold Price History

Estimated Reading Time: 7 minutes

Having spent 45 years in financial services, we recognize how difficult it is to estimate what markets will do. Yet, the human brain wants to have “some idea” of the potential of a given investment over time.  After all, don’t we all want to own something that will be going up with significant potential and […]

Ignoring Social Security Will Not Fix Its Problems

Estimated Reading Time: 6 minutes

Democrats have long touted Social Security and Medicare as the crown jewels of both the New Deal and The Great Society.  While both parties have voted for these programs, their design and implementation have, for better or worse, largely been a project of the Democrat Left in this country. If they can take the credit […]

Davos in the Desert Event on Election Lawfare Coming to Ahwatukee

Estimated Reading Time: 2 minutes

Mark your calendar for April 17th for an important discussion of lawfare. Davos in the Desert and David Wanetick have an amazing event on April 17. It is called “Lawfare: The Woke’s War Against Lawyers Representing Republicans” and the venue will be in Ahwatukee, AZ. The two featured speakers will be John Eastman and Rachel […]

The Important Work Of Peter Schweizer

Estimated Reading Time: 5 minutes

Blood Money: Why The Powerful Turn A Blind Eye While China Kills Americans Author: Peter Schweizer, published by Harper Collins. Reading Peter Schweizer’s new book is a disturbing revelation.  It is a very important book, perhaps the most important book for a Conservative American to read right now.  However, it is not a pleasant book […]

Media Research Center Finds Google Engaged In Election Interference

Estimated Reading Time: 4 minutes

New research from the Media Research Center has found that tech giant Google is decidedly biased in its reporting and has engaged in election interference for years. Election interference can occur directly or in this case indirectly, by denying or twisting information for voters thereby making it difficult to make an informed choice. This has […]

Nice Guy Garvey Could Win in California

Estimated Reading Time: 3 minutes

Those of us old enough, remember when California, especially southern California, was a hotbed of Conservativism. Those days are long gone and even thinking of a Republican Senator from what was once “the Golden State” seems about as likely a pack rat learning to play the fiddle. However, the candidacy of Steve Garvey in California […]

America First Legal Sues Maricopa County

Estimated Reading Time: 3 minutes

America First Legal, a law firm closely associated with the first Trump Administration, is suing Maricopa County for election malfeasance. American First is headed by Stephen Miller, former Senior Advisor to President Trump.  Also serving on the board is Gene Hamilton, former Counselor General in the Department of Justice, Reed D. Rubinstein a former Deputy […]

Goldwater Institute Creates New Series of Educational Videos

Estimated Reading Time: < 1 minute

The Arizona-based Goldwater Institute has developed a new series of educational videos called Foundations of Freedom. It seems many people absorb information today more readily on videos than reading. Whatever the method used, we think what the Goldwater Institute has done here is quite good and urge you to view their videos. Here is one […]

Inflation Can Be Difficult To Kill Off

Estimated Reading Time: 4 minutes

It is difficult to find exact historical settings for the inflation set loose by the Biden Administration.  However, the similarity with previous periods could be a guide. Among the conditions plaguing us today are: very turbulent domestic politics, large deficits caused by an expansion of the welfare state and 20 years of losing warfare, supply […]

The Four Corners of Environmental Opinion

Estimated Reading Time: 7 minutes

After the experience of Covid lockdowns, the manipulation of Federal Agencies and online platforms, the invasion of privacy, the suppression of free speech and assembly, and then the wild spending and debt burden undertaken to address problems caused by the government itself many Americans are left wondering if we could see a repeat of such […]

When Stalin Came To Casa Grande – Part 2

Estimated Reading Time: 6 minutes

Editor’s Note: When Stalin Came to Casa Grande – Part 1 was published in The Prickly Pear previously. We suggest reading both essay’s in sequence and together. As enlightening as the history of this New Deal, failed socialist experiment is for Americans, it is a revealing historic marker for the importance of free market capitalism, […]

When Stalin Came to Casa Grande (Part 1)

Estimated Reading Time: 4 minutes

Franklin Roosevelt’s New Deal created the largest agricultural collective in the US as an experiment to test socialist theories about both farming and human nature. Collectives have a long history in the US and elsewhere, and they all failed.  In the Soviet model, this failure was admitted, and thus the collectivization required force, terror, and starvation to “convince” people to operate properly in the collective environment.  But even with massive brutal force and the full weight of the state, in the end, they could not make the idea work.  Most food production came from a small amount of privately owned plots that represented about 3% of the land under cultivation.

Election Fraud Happens – In Addition to Widespread Election Rigging

Estimated Reading Time: 3 minutes

In a recent discussion we had with friends, the integrity of our election process was the topic. Some believe that fraud did not take place and that our elections are honest and fair.  This increasingly is a minority view. Some believe that fraud is rare, but they will admit that the government and large corporations […]

Systemic Racism Is Bogus

Estimated Reading Time: 5 minutes

Starting with Obama and Trayvon Martin, and continuing through the George Floyd Riots and the summer of Black Lives Matter, it has become an article of faith among Democrats in particular, that the US suffers from what they call “systemic racism.” The concept is often asserted, but rarely with evidence or documentation. Ironically, much of […]

The Stock Market Continues to Party On

Estimated Reading Time: 6 minutes

The stock market continued to move higher in January (about 3.5%), generally ignoring increased geopolitical risk in the Middle East and traditional signs of recession.  Excitement about large amounts of cash on the sidelines, supposed easing financial conditions, expectations of imminent FED rate cuts, a “soft landing”, and all things AI pushed several key indices […]

Is Free Enterprise At Home More Important Than Free Trade Abroad?

Estimated Reading Time: 8 minutes

Recently The Prickly Pear ran an article by Oren Cass called  Free Trade’s Origin Myth.  Then we ran a rejoinder entitled On Comparative Advantage and International Capital Mobility by Donald Boudreaux, a staunch defender of free trade. As someone quite supportive of free markets, and free trade, we found reading both a bit disturbing. Furthermore, it […]

Stealing Russia’s Assets to Pay for the War in Ukraine

Estimated Reading Time: 6 minutes

Gold is the sole international banking asset that is not someone else’s liability.  It is not a promise to pay from the US and it can’t be printed out of thin air.  And you can hold it in your own vaults, outside of the weaponized international banking system.  The world operated on a gold standard for centuries, so it is not unproven as are cryptocurrencies. It can’t get hacked or have accounts frozen.  If you have it in possession, the holder controls the asset.

Only You Can Prevent Forest Fallacies

Estimated Reading Time: 4 minutes

Like most of the mainstream newspapers, the Wall Street Journal regularly runs stories about global warming.  On January 10, 2024, they ran a piece, “Last Year’s Global Temperatures Set a Record.” We will ignore for the moment the questionable utility of “global temperature”, and that they have hit record highs, Rather, we wish to focus […]

A Crisis Ignored Is A Crisis Fulfilled: A U.S. National Debt Odyssey

Estimated Reading Time: 5 minutes

The question of debt and deficits has been vexing the US political system since chronic deficits began to be realized after the Great Society legislation of the 1960s.  But while troublesome, the issue has moved apparently to irrelevancy. The term “existential threat” gets tossed around easily today while the real existential threat is right in […]

Jews Struggle With Progressivism

Estimated Reading Time: 3 minutes

Many American Jews, particularly Reform and Conservative Jews, are struggling with their adherence to Progressive ideas in the wake of the October 7th slaughter and rape of Israeli civilians. Orthodox Jews, seem to be having less difficulty. Why would that be? As others have noted, this may be because, for many Reform Jews, liberal social […]

Ladies and Gentleman: It Is Time For Caution

Estimated Reading Time: 6 minutes

Last time we wrote on the markets we continued to advocate a cautiously bullish market stance. We have felt that the technical turn that the market had taken since October (a turn upward in the moving averages, breadth thrusts, and liquidity flows) coupled with the seasonal strength one typically sees this time of year, justified […]

Tax Planning For Freedom: The Arizona School Choice Trust

Estimated Reading Time: 2 minutes

This is the time of year when investors and individuals are thinking about tax planning. Many will be looking to take portfolio gains or losses to minimize taxation. Others will be looking for charitable deductions to achieve similar ends. Is there a way to combine personal economic needs, and charitable instincts in a way that […]

A New Political Phenomenon: Are We At a Tipping Point?

Estimated Reading Time: 5 minutes

The world is witnessing a major and unexpected political phenomenon.  The press likes to call it the rise of “right-wing” or “populist” parties. From Argentina to Italy, to New Zealand to Holland, politicians who are not part of the mainstream of “establishment” political thought are rising to power.  The term “right-wing” means one thing in […]

Weekend Read: How Do You Invest For Deflation?

Estimated Reading Time: 6 minutes

A few essays ago, we suggested that given the extreme financial leverage (overuse of debt) in both the governmental and private sectors, the risk of a deflationary period may be higher than many believe. You might remember the extreme events during the Great Financial Crisis of 2007-2009.  We are still living with the echo from […]

Arizona’s Tax Regime Improves But Arizona Ranks High In Other Measures Of Freedom

Estimated Reading Time: 3 minutes

Arizona has moved up in rankings determined by the Tax Foundation, but still can’t break into the Top 10. The Tax Foundation just came out with its 2024 State Business Tax Climate Index. The bad news is that Arizona does not make it into the Top 10.  The good news is Arizona did move substantially […]

Will Seasonal Strength Become a New Bull Market?

Estimated Reading Time: 5 minutes

Our last market commentary noted that the stock market was very oversold, both in momentum and particularly in sentiment. As we moved to the end of October, we entered a period where “seasonal” strength is typical.  The combination of “oversold” and seasonal strength prodded us to become more bullish on the market, at least for […]

The Other Thanksgiving Story

Estimated Reading Time: 5 minutes

It really is about being grateful, which is something too few of our spoiled citizens appreciate.  But since the holiday is being weaponized by “woke culture”, there are some other elements of the story to think about. The short version, the way it is taught today, is that greedy Pilgrims landed in Plymouth Bay.  Half […]

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