Several years ago, when I was relaunching my media business [I now call it WAM Media], I thought I would call up my friend Ms Gail Fosler. I called her at her office in New York City. She had a consulting firm, I recall. I had been out of touch for a number of years, I cannot remember how many. I was finishing a sabbatical, so I probably called her sometime in 2022. I called her several times and left a message, on her line. I never got a call back. To be honest, I was a little disturbed – and hurt – that she did not return my call. I cannot say we were really good friends, because she was very famous and also important, so I never did want to give her the impression that I was imposing on her. But we were close. She was a brilliant woman, a brilliant economist. That's the thing about the profession I'm in, it is insanely busy, every day is busy, hectic – so you make few friends, few professional friends. Gail was one such professional friend.

I vaguely remember when we first talked, in 2003. I was just starting World Affairs Monthly. She was one of the first prominent Wall Street/Washington DC economists I called. We hit it off right away. I said to myself, hey this woman is amazing, she sees everything I see. She had a powerful intellect. She was from Southern California, and Lynn Reaser was from Southern California. Lynn went to UCLA, if I recall. Gail went to USC. Both were great ladies, totally dedicated to their work and actually very talented. Both were always being quoted in the media for their forecasting. And they were exceptional at forecasting – which is just insanely difficult, next to impossible.

Little did I know in 2022 that Gail was dying of cancer, of melanoma. That's of course why she did not call me back. I was eager to do an interview with her. I could not, because she was dead or close to death.

“Fosler was a former president and trustee of The Conference Board. From 1989-2008, Fosler served as chief economist of The Conference Board and was president from October 2007 to December 2009. In 2004, she assumed responsibility as executive vice president for expanding the international presence and operations of The Conference Board.”

“Prior to her time at The Conference Board, Fosler served as deputy staff director and chief economist of the United States Senate Committee on the Budget. Fosler developed frameworks and forecasts for congressional budget debates and acted as a key negotiator on fiscal, monetary, and budget process initiatives for the committee.”

When I looked her up again on the net, about 1 year ago, I was upset – but not really surprised – when I saw her obituary. What a drag, I thought. Then I said to myself, well I am just going to have to get used to this. Death of friends of mine. Colleagues. Little did I know that cancer was coming for me, too! My cancer was going to be lymphoma.

Frankly, I was upset that both ladies died on me. To say that I had tears in my eyes is probably not accurate, but close to it. I could always call up Lynn Reaser and talk the current situation. I did not do that with Gail, but still Gail and I were very close.

Gail Fosler was about the only economist I knew that understood as I did that the European Monetary Union was going to do very well. This was in 2002-2003. Also the European Union, the political and economic union. When I did the interview with her in July 2003 there was some skepticism that the euro would do well – and that the European Union would bring huge prosperity. I do not remember too much detail about those early days, but I was about the only one to argue that the EMU and the union itself would be very successful. Allow me to boast: I do not think there was anyone else arguing – without any equivocation – that the thing would be wildly successful. Gail agreed with me – which was amazing. I was a little upset when I saw her obituary.

As to why she was able to understand these complex problems, well I do not know obviously. We never talked about this kind of thing, I would never dare to probe her with such type of questions. She knew everyone in Washington. And the Conference Board is a big deal, it is a prominent institution. I do not know much about the Conference Board today, I have not been interested in keeping in touch with them. I'm not sure they would be responsive. I'm not saying the Conference Board is Zionist, but it might be. I can try calling them up and seeing what happens.

I think my article which accompanied my interview with Ms Fosler was pretty good. I will have to read it again, carefully. I glanced at it just now. Looks pretty good. This was in 2003! To say that the European political and economic union has become an important engine of the world economy is not an exaggeration, not at all. Actually, I predict that it will surpass the power of the United States in some respects.

That is another article, but today I will just say that I do not agree with those that argue that Europe is lagging behind – like Jamie Dimon [CEO of JPMorgan Chase] recently said. He's a wealthy man, and he travels more than I do, but I do not agree with him. The war in Ukraine is coming to an end. I just got a call from Washington today. From someone important. I will not say who it is – not yet. But the call to me does indicate the war is coming to an end – everyone will be shocked and indeed amazed.

It is such a shame that Gail Fosler is dead – of cancer. 75 years old. Not so old. Her husband apparently died at about the same, also of melanoma.

By the way, both Reaser and Fosler would not be surprised that I have been proven right, inflation is not going away anytime soon. The latest inflation numbers came out this morning and they are indicating there is an inflation problem. Of course there is.

Several weeks ago I called the Federal Reserve and told them I did not think interest rates should be dropping anytime soon. Donald Trump does not know what he is talking about – he's a businessman. OK he's a politician, and he's managed to get back into the White House. That's good, but he will come to realize that he does not know what he is talking about. Ineptitude. Gail would undoubtedly agree with me. She was a tough lady, a very tough lady indeed. It's really unfortunate I cannot call her up and ask her what she's thinking.

[Note: I apologize for all the black marks in the text, my server/software was hacked in 2012 or so by my enemies. This caused numerous nighmares, but we are good now. Our defenses are much more robust now. I have plans to republish all the audio interviews I did since 2002, or at least most of them, and of course this includes the audio recording of the Gail Fosler 2003 interview. I will try to do this as soon as possible.]