“Spend Now, and Deal with the Consequences Later” Is the Worst Policy
Rate hikes may help reduce inflation, but permanent deficit spending will continue to erode the purchasing power of wages and…
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Rising Interest Rates May Blow Up the Federal Budget
Debt and deficits do matter, and we are about to find out how much they…
Continue readingPowell’s “Soft Landing” Is Impossible
There is no easy solution, and there is no possible painless normalization path…
Continue readingGovernment Spending Is the Real Tax; Deficits Are a Sideshow
The more government spends, the less savings will be available for the wealth-generating private sector…
Continue readingWill Government’s Reaction To Inflation Make Everything Much Worse?
We have an inflation problem created by government spending and Fed counterfeiting. Will government’s reaction to inflation create new problems on top?
Continue readingStopping QE is likely to be extremely difficult for U.S.
It will be very challenging to meet the forecasts for government debt…
Continue readingWhy Sound Money Matters: Gold-Backed Constraints On Government
The lack of sound money is a primary cause of much of the world’s problems…
Continue readingCongress Gets (And Applauds) A 21% Raise While Most Americans Suffer From US Dollar Hyperinflation And The Destruction Of Savings & Financial Security
Naturally, this 21% raise was tucked neatly away in the $1.5 trillion spending bill somewhere inside the 2,700 pages that not a single member of Congress read…
Continue reading2022: The Year Of The Hangover?
The hangover effect is likely because the large deficit approved for the US budget and the Biden infrastructure plan are pushing inflationary pressures in…
Continue readingFrom Gold Manipulation To The Latest Inflation Tricks & Lies, Absolute Distortion Continues
Such tricks can’t last, but it’s flattering to know how terrified the liars are of truth, and despite gold manipulation, we still see…
Continue readingAll-knowing, all-powerful central bank throws in the towel
All of these bad ideas helped create the current supply chain dysfunction. Inflation. Labor shortages. And now we see signs that…
Continue readingDefault Hysteria: No Time To Panic; Time To Plan
Economic “crisis,” which is really a painful return to economic reality, is inevitable. It’s certainly time to think about…
Continue readingDefaulting On The National Debt, Rewarding The Regime, And The Obligation To Pay Our Debts
Public debt is paid off with tax dollars from taxpayers who had no choice in the matter and were not parties to the contracts between the creditors and the borrowers. […]
Continue readingYellen Is Wrong: The US Government Doesn’t Always Pay Its Debts
In 1934, the United States defaulted on the fourth Liberty Bond. The bonds were to be payable in gold. This presented a big problem for the US, which was…
Continue readingFed Taper Fully Priced Into The Markets: Now What?
Less dovish is not hawkish, and plans for minting a $1 trillion platinum coin would officially make the U.S. a banana republic…
Continue readingThese Huge Deficits Wouldn’t Be Possible without the Fed’s Inflation
The political benefit to the US government goes beyond just keeping interest rates low…
Continue readingEverything Is Awesome Because the Fed Says so
Biden vows to grow government and use it against entrepreneurs and small business owners. We’ve barely begun to…
Continue readingThe Fed: Why Federal Spending Soared in 2020 but State and Local Spending Flatlined
Thanks to the Federal Reserve, when the US government needs to borrow another $500 billion or even another trillion dollars…
Continue readingOne Mad Market, Six Cold Reality Checks, And Gold
Gold & silver have nowhere to go but up, up and away in this totally…
Continue readingMoney Is Cheap, Own Gold
Sure Mr. Biden, money is cheap. But whose money is it? Biden’s first wide-ranging budget calls for big spending on infrastructure, education and, of course…
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