Articles by Walter E. Williams

The Bretton Whoops Authored by 'No1' via Gold and Geopolitics substack, The bombs make headlines. The economic unraveling happening quietly underneath them don’t. So before we get back to the daily carnage, let's talk about money. It used to be funny, in a rich man's world. The world didn’t wake up one morning and decide to distrust the dollar. It was a process. Gradually, then suddenly, as these things tend to go. It started with Venezuela. In 2019, Caracas asked the Bank of England to return its own gold - 31 tonnes, sitting...

U.S. Oil Reserves To Dry Up Before August? As oilprice.com asked earlier this week, why hasn’t oil hit $150 (yet)? Tonight at 7 PM ET, ZeroHedge will host two former Goldman heavyweights to answer the question: is the recent oil price surge merely a temporary geopolitical shock, or are we entering a period of structurally higher energy prices? Joining the discussion are former colleagues Jeff Currie, now chief strategy officer for energy pathways at the Carlyle Group, and Arjun Murti, Partner at Veriten. The conversation will be hosted by Real Vision's Ash...

The Hinge Of History That Was 2020 Via The Brownstone Institute, “Shocking 105 million Americans are not working – more than during Covid or the Great Recession,” blared the New York Post.  Finally that’s something.  The graph alone tells the story. You thought that having the government forcibly send millions of people into lethargy and sloth, bankrupting millions of smaller businesses, slicing and dicing workers into essential and nonessential, would be devastating for labor force participation. It’s actually worse now than in the depths of the lockdowns, and 10.8 million more than were out of the...