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01.19.21- Inflation Breeds Even More Inflation
Early in the 20th century, Ludwig von Mises warned against the consequences of granting the government control over the money supply. Such a regime inevitably creates money through bank credit that is not backed by real savings—a type of money that Mises termed “fiduciary media.” Read More |
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01.18.21- "Simply Insane" Central Banks Attack Cryptocurrencies
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01.16.21- And Now, for Something Entirely Different: What to Expect in 2021... Madness, Mayhem, Manipulation and More Tyranny
What should we expect in 2021? Read More |
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01.15.21- "The Fed Is In A Fantastic Position Where The More It Fails, The More It Is Needed"
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01.14.21- US Government Runs Biggest December Deficit in History
The December budget shortfall came in at $143.6 billion. That compares with a $13.3 billion deficit in December 2019, according to the Monthly Treasury Statement. Read More |
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01.13.21- Is Inflation In Your Best Interest,
How long before mobs storm the Mariner Eccles building (Fed headquarters) if Jerome Powell were to make such a statement? Read More |
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01.12.21- Big-Spending Democrats Will Solidify COVID-19-Induced Monetary Policy
WEST RIVER, MARYLAND – Wow… What a week! What a way to begin a new year! Many people were outraged and appalled by last week’s shenanigans in Washington. And this morning, calls for impeachment, destitution, or lynching are still running riot over the internet. Read More |
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01.11.21- The Tyranny Nobody Talks About
There is much talk of tyranny in the political realm, but little is said about the tyrannies in the economic realm, a primary one being the tyranny of high costs: high costs crush the economy from within and enslave those attempting to start enterprises or keep their businesses afloat. Read More |
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01.09.21- Issues 2021
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01.08.21- And Now, for Something Entirely Different: Did Peaceful Rally End
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01.07.21- The Worse Things Get, The More The Stock Market Likes It
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01.06.21- Will the Fed Support Gold Prices in 2021?
Welcome to 2021! I hope that it will be a wonderful year for all of you; a much healthier, calmer and normal year than 2020 was. And even more profitable of course! Indeed, at least gold bulls could be satisfied with the last year, in which the price of gold jumped from $1,523 to $1,891 (London A.M. Fix)! It means that the yellow metal gained more than 24 percent, as the chart below shows. Read More |
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01.05.21- And Now, for Something Entirely Different: Giving Up the Ghost
Whatever occurs in this strange week of confrontation, Joe Biden will not be leading any part of it. Where has he been since Christmas? Back to hiding in the basement? Did the American people elect a ghost? Even if this storm blows over, could Joe Biden possibly claim any legitimacy in the Oval Office? And then what happens with the rest of the story — which is an epic economic convulsion sharper than the Great Depression — as time is unsuspended and the year 2021 actually unspools? Read More |
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01.04.21- Will The Fed Destroy The Dollar?
The Federal Reserve’s official target rate of inflation is 2% per year. Put another way, that means that if the Fed hits its target, the value of today’s dollar will only be worth around a third of its current value in 50 years. Think that can’t happen? It already has. Read More |
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01.02.20- Is 2021 the Death of Fiat Currency?
If you didn’t put your cash to work in 2020, then you’re fighting the tide ignited by the Fed. Never in the history of the world has so much money been printed. Plus, if you’re an accountant and love seeing balanced books, you’ve likely never had your eyelids twitch more than this year. Read More |
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01.01.21- Will The Fed Lose Control In 2021?
Events in 2021 will be the consequence of a developing hyperinflation of the dollar. Foreign holders of dollars and dollar assets - currently totalling $27.7 trillion - are sure to increase the pace of reducing their exposure. This is a primal threat to the Fed’s policy of using QE to continually inflate assets in the name of promoting a wealth effect and continuing to finance a rapidly increasing federal government deficit by suppressing interest rates. Read More |
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12.31.20- The Year Ahead: U.S. Faces Uncertain Economic Future
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12.30.20- Plus Ça Change: A French Lesson In Monetary Debauchery
The Fed is indirectly funding the government, but are they printing money? Technically they are not. However, they are inching closer through various funding programs in coordination with the Treasury Department. Read More |
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12.29.20- Central Bank Digital Currency: A Primer
There has been a lot of talk about central bank digital currency (CBDC) recently, as central bankers around the world are discussing the possibility of launching their own CBDCs. Some of the problems of CBDCs have been pointed out already (see, e.g., here and here), and I will not discuss them too much here. The purpose of the present article is to answer the simple question: What exactly is a CBDC? How is it different from physical cash, demand deposits, and cryptocurrencies? Read More |
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12.28.20- The Most Hopeful Scenario for 2021
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12.26.20- Fed's New Paradigm Adds Helium
The Laws of Investing The Wall Street Journal asks Has the Fed Rewritten the Laws of Investing?
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12.25.20- Godfrey Bloom: “The great central banking experiment has failed.”
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12.24.20- Christmas Rant: The Gray Curtain Descends
It’s a close contest between which officially approved story is more implausible: Coronavirus as the Scourge of Humanity or America’s Free and Fair Election. The former enabled the latter, and they were propagated by the same people pursuant to an all-in power grab. Both are riddled with glaring inconsistencies and fraud, none of which are mentioned in polite society. Read More |
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12.23.20- "The Nightmare Before Christmas" Shows Why Central Planning Goes Awry
This year marks the 25th anniversary of Tim Burton's stop-motion musical, The Nightmare Before Christmas. Few movies—and even fewer holiday movies—teach so well how even well-intentioned meddling can derail. It’s fundamentally a film about the dispersed nature of knowledge and the dangers of centralization. Read More |
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12.22.20- The Fed Wrecked the World’s Most Important Market
The birds of the moment, the flighty birds, flock to the stock market. But the owls nest in the bond market. The owls are the wiseacres. The Federal Reserve’s hocus-pocus fails to trick them. They know the card is up the sleeve. And they enjoy exposing the fraud. Read More |
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12.21.20- What Would Happen
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12.19.20- It’s Not Often I Get to Proclaim “THE FED IS DEAD”Then Watch the Fed Put on the Toe Tag!
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12.18.20- How Stimulus Kills the Economy
No weight-loss expert was ever invited onto the Oprah show to showcase his new book, Don’t Eat So Much. Nor did any household finance book, with the self-explanatory title, Save Your Money, ever make it onto the bestseller list. Read More |
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12.17.20- How Janet Yellen Will Unleash an Inflationary Storm
If you doubt me, consider that Biden has picked Janet Yellen as his Treasury Secretary. Previously, Yellen ran the San Francisco Fed before eventually rising to be Fed Chair under the Obama administration. Throughout her tenure in these positions, she proved to be someone who used political reasoning to justify printing more money or easing monetary conditions. Read More |
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12.16.20- Suicide of a City
Yet, all of the news since then confirms its accuracy. With governors like New York State’s Andrew Cuomo, you can take it to the bank. Cuomo has banned all indoor dining in New York City due to the rise in COVID-19 cases, starting today. Read More |
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12.15.20- And Now, for Something Entirely Different: SPECTRE Downsizies; Blohfeld Caught
(Heavy sigh). …I did it again… (sigh)… Read More |
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12.14.20- The Implications of Collapse
For example, right now a lot of people are really, really interested in small, sexy biotech stocks and stuff like that. What industries are going to be hit the hardest? Which ones should people start steering away from? Read More |
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12.12.20- The Feds’ Stimulus Measures Are a Fraud
“The science” allows people to “know” things they can’t possibly know… or believe things that aren’t true… And – much like religion before it lost favor – it’s used by the elite to bludgeon the masses and keep them in their place. Read More |
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12.11.20- BREAKING NEWS: Shocking Increase In U.S. Money Supply In Past Two Weeks
I wrote about this in my last subscriber video, INVESTOR WARNING: Markets Just Propped Up By Half-Trillion In Liquidity, Brace For Major Correction Ahead. In just one week, the M1 Money Supply surged by $498 billion. While that was stunning, I was quite shocked to see another huge increase in the past week. Read More |
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12.10.20- And Now, for Something Entirely Different: Costs Must Be Weighed Against Benefits
Think about one simple example. The National Highway Traffic Safety Administration estimates that 36,096 Americans lost their lives in motor vehicle traffic crashes in 2019. Virtually all those lives could have been saved if we had a 5 mph speed limit. The huge benefit of a 5 mph speed limit is that those 36,000-plus Americans would have been with us instead of lost in highway carnage. Read More |
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12.09.20- And Now, for Something Entirely Different: 2021 is Already Optimized for Failure
I often discuss optimization here because it offers an insightful window into how systems become fragile and break down. When we optimize something, we’re aiming to get the most bang for our buck: maximize our efficiency, profit, productivity, etc., while minimizing our costs. Read More |
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12.08.20- Inflation roadmap
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12.07.20- Fed Opens Door for Digital Dollar (And Battle for Your Privacy)
During a crisis, people load up and hoard cash, much of it overseas, and to meet this demand, banks have to buy more currency from the Fed, usually paying with Treasury securities for this paper. Read More |
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12.05.20- Janet Yellen: Too Dumb To Stop
If you recall, Article I, Section 8, of the U.S. Constitution empowers Congress to coin money and regulate its value. What’s more, Article I, Section 10, specifies that money be coined of gold and silver and cannot be bills of credit. Read More |
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12.04.20- Central Banks Add Nearly 23 Tons of Gold to Reserves
Gold-buying by central banks has slowed from the record pace we saw in 2018 and 2019, but many countries continue to load up on the yellow metal. In October, central banks added a net 22.8 tons of gold to their reserves, according to the latest data compiled by the World Gold Council. Read More |
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12.03.20- The Price Attack On Gold Signals More Fed Money Printing
I love that quote from Chris. It reminds of when I suggested back in 2004 that the U.S. would start a war before it ever gets to the point at which it was forced to open the Federal Reserve gold vaults for a independent audit with the entire world watching. Read More |
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12.02.20- Why Doesn’t The Fed Just Print $9.5 Trillion And Buy ALL The Gold in The World?
The destiny of the world is now in the hands of 6 central banks, Fed, ECB, BoE (England), PBOC (China), BoJ (Japan), SNB (Swiss). This in itself bodes extremely badly for the global financial system. This is like putting the villains in charge of the judicial system. For decades these central banks have totally abused their power and taken control of the world monetary system for the benefit of their banker friends and in some cases their private shareholders. Read More |
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12.01.20- Bad News
For Janet Yellen will be the next Secretary of the United States Treasury (barring the unlikely). Mr. Biden confirmed the gossip today. Here is the good Dr. Krugman, wailing sobs of joy: It’s hard to overstate the enthusiasm among economists over Joe Biden’s selection of Janet Yellen as the next secretary of the Treasury. Some of this enthusiasm reflects the groundbreaking nature of her appointment. She won’t just be the first woman to hold the job; she’ll be the first person to have held all three of the traditional top U.S. policy positions in economics — chair of the Council of Economic Advisers, chair of the Federal Reserve and now Treasury secretary. Read More |
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11.28.20- The Sisyphean Folly
Some Americans were especially grateful as they said their Thanksgiving Day grace. These generally include wealthy owners of stocks and other financial assets. Forty years of inflationary monetary policies have elevated their prosperity to holiness. Read More |
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11.27.20- How the Federal Reserve Causes Inflation
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11.26.20- Why a Hyperinflation “Time Bomb” Could Explode in 2021
The possibility of rising inflation turning into hyperinflation. Right now, inflation doesn’t seem like it is out of control, as it’s officially reported at 1.2%. The Fed doesn’t seem to be able to find inflation either (even though we did). Read More |
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11.25.20- Quantitative Easing Our Way to
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11.24.20- America’s Economy Cannot Survive Another Lockdown, And The Cult Of The Reset Knows It
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11.23.20- And Now, for Something Entirely Different: Almost No One Else Will Say It, So I Must
In the meantime, however, there is much to be said about how we got here. And, once again, it is left to me to say what almost no one else is willing to say… First, had Donald Trump followed through with his promise to drain the swamp, we would not even be in this fix. Trump had four years to take care of the Clinton/Biden criminal cartel, and he did absolutely nothing. Read More |
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11.21.20- The US Government Will Inflate
Regardless, Biden’s acting as if. He’s talking to foreign leaders. He’s meeting with vaccine makers. He’s making big plans. He’s planning big things. But, apparently, he’s not progressive enough. This week, for example, an organization called Justice Democrats accused Biden of appointing corporate-friendly insiders. They say these “corporate-friendly insiders […] will not help usher in the most progressive Democratic administration in generations.” Read More |
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11.20.20- The global reset scam
Instead, the collapse of unbacked fiat currencies will end all supra-national government solutions to their policy failures. Already, there is mounting evidence of money beginning to flee bank accounts into stocks, commodities and even bitcoin. This is an early warning of a rapidly developing monetary collapse. Read More |
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11.19.20- Don’t Let The Fed Go “Full Retard”
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11.18.20- The Fed Has No Way Out
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11.17.20- The Madness of Crowds,
Crowds, like sheep, are only as safe as the shepherds who guide them. If the shepherd is mad, so too is the crowd. Read More |
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11.16.20- Is Price Inflation Guaranteed Now? These Two Charts Say Yes
But the CPI has remained stubbornly low. This despite the Fed trying to produce higher inflation. And despite most people’s experience of higher consumer prices. Read More |
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11.14.20- Investors Should Take Heed of the Inflation Chatter
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11.13.20- And Now, for Something Entirely Different: America, the Tyranny of the Stupid
Then, when time and time again, no such plan materializes, and it is demonstrated that America has blundered into a diplomatic, economic or military morass, for some unknown reason, a “reset” occurs, and the wrong assumptions are again made. Read More |
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11.12.20- The Single Cause of America’s Decline: Fake Money Just as every cop is a criminal And all the sinners saints As heads is tails Just call me Lucifer ‘Cause I’m in need of some restraint – Sympathy for the Devil, by the Rolling Stones As expected, Joe Biden will speed up America’s encounter with disaster. That won’t be easy. Adding speed, we mean… Read More |
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11.11.20- Fed Issues Warning About High Debt and Overvalued Asset Prices
The Fed released its biannual Financial Stability Report Monday. The report warned we could see a wave of defaults and “significant declines” in asset prices in the near future. Read More |
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11.10.20- And Now, for Something Entirely Different: Fore!
In their righteous raptures of perceived victory, they missed Mr. Trump’s message, which was: This is how worried I am about the final outcome of this election. He’s a daisy, our president. Read More |
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11.09.20- "I Am Done, I'll Not Vote Again" - One Middle-American Mom Rages
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11.07.20- Money is not wealth
The vast increase in government spending in response to the COVID-19 pandemic has caused many people to question their understanding of money. With any luck, such questioning will lead to a better understanding of money’s proper function and its potential for abuse. A common and understandable misconception is that money is wealth. After all, aren’t people with a lot of money considered wealthy? However, while wealth and money are often found together, they are very different in their character and importance. Read More |
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11.06.20- Currency War Race To Debase: How Other Central Banks Do It
Case study of how the Australian central bank, the Reserve Bank of Australia, devalues its currency and then buys up bonds of all levels of government to maintain the size of government. All in the name of fighting deflation, of course! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy. Read More |
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11.05.20- What We Don't Elect Matters Most: Central Banking and the Permanent Government
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11.04.20- A Divided Electorate Spells Trouble For The US Economy
The 2020 election has confirmed that the US remains a deeply divided country facing mounting challenges that threaten both this and future generations. Despite a collective wake-up call in the form of a severe health and economic crisis, the country seems both unwilling and unable to embark on the decisive measures needed. Read More |
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11.03.20- And Now, for Something Entirely Different: Who Wins If Trump Loses
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11.02.20- And Now, for Something Entirely Different: Don’t Vote for a Psychopath... Tyranny at the Hands of a Psychopathic Government
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10.31.20- The Fed Will Monetize All Of The Debt Issuance
The Inflation Premise To fully explain why the Fed is now trapped, we must start with the inflation premise. The consensus expectation is the massive increases in monetary stimulus will spark inflationary pressures. Using the money supply as a proxy, we can compare the money supply changes to inflation. Read More |
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10.30.20- Going Full Orwell
They were on-board to answer how come their monstrous information engines were censoring the news so as to possibly influence a national election, and they offered the confabulated fantasy that their cancellation of the Biden Family influence-peddling story in The New York Post, and disabling the accounts of sundry un-Woketarian journalists, was actually a policy of “transparency.” With the election only days away, the subtext of their demeanor was a clear “Fuck you, you can’t do anything about it” to the American people. Read More |
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10.29.20- The Fed MUST have Inflation
Common sense says price stability should be zero inflation and zero deflation. A dollar five years from now should have the same purchasing power as a dollar today. Of course, this purchasing power would be “on average,” since some items are always going up or down in price for reasons that have nothing to do with the Fed. Read More |
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10.28.20- The U.S. Federal Reserve
Yesterday, the Dow sold off by as much as 900 points, before bouncing back to end the day down 650 points. What’s the trouble? Read More |
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10.27.20- And Now, for Something Entirely Different: You will Own Nothing in 10 years
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10.26.20- What 'The Great Reset' Architects Don't Want You To Understand About Economics
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10.24.20- BofA: Fed Will Use Digital Dollars To Unleash Inflation, Universal Basic Income And Debt Forgiveness
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10.23.20- The Hazards of an “Endless Fed”
That development alone can be pretty unnerving. But what may be of even moreconcern is the growing amount of Fed treasury holdings. It’s an amount so large that, at approximately $4.5 trillion, the bond market might require endless intervention from the central bank to continue functioning. Read More |
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10.22.20- The Fed Will Create The Mother Of All Bubbles: S&P 500 To 6,000+
Jerome Powell is going to create the mother of all bubbles. The first sign of this came in 2018 when Powell used his first Jackson Hole symposium to glorify former Fed Chair Alan Greenspan’s economic insights and “considerable fortitude” in not raising interest rates back in the late ‘90s. Read More |
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10.21.20- Will the Stock Market Be Dragged to the Guillotine?
The belief that the Federal Reserve and its rigged-casino stock market are permanent and forever is touchingly naive. Never mind the existential crises just ahead; the financial “industry” (heh) projects unending returns of 7% per year, or is it 14% per year? Never mind the details, the Fed has our back and since the Fed is forever, so too will be the gains for everyone playing the rigged games in the Fed’s casino. Read More |
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10.20.20- Central Bank Digital Currency, A Growth Or Financial Repression Tool?
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10.19.20- The Fed Finally Admits It
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10.17.20- If Congress Can't Pass More Stimulus, Here Is What Else The Fed Can Do
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10.17.20- If Congress Can't Pass More Stimulus, Here Is What Else The Fed Can Do
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10.16.20- Hyperinflation is here
It ends when the state’s fiat currency is finally worthless. It is an evolving crisis, not just a climactic event. Summary This article defines hyperinflation in simple terms, making it clear that most, if not all governments have already committed their unbacked currencies to destruction by hyperinflation. The evidence is now becoming plain to see. Read More |
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10.15.20- Jerome Powell's ironic legacy on economic inequality
Yes, but: Pressed for answers on how the central bank's policies have impacted wealth and income inequality among Americans during last week's virtual meeting with the National Association for Business Economics, Powell dodged and downplayed. Read More |
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10.14.20- Can the Fed End Racism?
Eliminating racial disparities in access to credit is code for forcing banks and other financial institutions to approve loans based on the applicants’ race, instead of based on their income and credit history. Overlooking poor credit history or income below what would normally be required to qualify for a loan results in individuals ending up with ruinous debt. These individuals will end up losing their homes, cars, or businesses because banks disregarded sound lending practices in an effort to show they are meeting race-based requirements. Read More |
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10.13.20- My Wife Finally Loses It
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10.12.20- The Fed’s Quest for Higher Inflation:
Bond yields, for example, remain well below 2% across the entire duration range. Stock market valuations continue to reflect a sanguine outlook for inflation. And crude oil futures suggest limited upside pressure on prices. Read More |
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10.10.20- The Hazards of 4 More Years
And if he is appointed again, the way he continues to handle the continuing ripple effects of the COVID-19 "shutdown" economy will be critical. So let's examine why the decision to reappoint him is important, then take a quick tour of some of Powell's recent performance. Read More |
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10.09.20- Me? Really???
First off let me start with something that will seem to fly in the face of what I’m going to say later. I don’t believe in this stuff. I truly believe that bitcoin was designed by the military and the global banking system. A “trial balloon” if you will. A way to introduce digital currency to the world, see how they adapt to it, see what bugs it might have, etc. Read More |
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10.08.20- The Federal Reverse Is Gaslighting America
Around 350 BC, Aristotle was the first person to formally study logic and reason. Aristotle did not invent logic and reason any more than Isaac Newton invented gravity. He merely discovered and defined the rules already in place as a necessary condition for human beings to carry on meaningful discourse. He identified the principles of reasoning already built into our humanity. Logic measures the relationship between ideas, premises, and propositions. It allows for two or more ideas to be compared to see if they are consistent and coherent or contradictory. Read More |
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10.07.20- Broken: Do You Really Think The FED Knows What it is Doing?
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An International Group of Lawyers Have Brought a Lawsuit that the Covid Pandemic Is an Orchestrated Hoax in Behalf of Pharmaceutical Profits and Police State Control. Read More |
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10.03.20- The Fed and the Housing Bubble/Bust
In chapter 8 we presented Ludwig von Mises’s circulation credit theory of the trade cycle, or what is nowadays referred to as Austrian business cycle theory. In the present chapter, we will apply the general theory to the specific case of the US housing bubble and bust, which began sometime in the early 2000s and culminated in the financial crisis in the fall of 2008. Read More |
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10.02.20- The Only Thing Systematic Is The Destruction of America, Part 2
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10.01.20- KKR warns the Fed could strike against financial market ‘froth’ even with low interest rates
But in a new piece on financial markets from private-equity giant KKR, strategists led by Henry McVey, head of global macro and asset allocation, say the central bank hasn’t committed to keep financial markets bubbling up. Read More |
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09.30.20- The Fed's Bazooka Is Broken –
Despite stable price increases for the last two decades, the Fed now wants more inflation. Given the negative impact inflation has on our wealth, why does the Fed wish to boost inflation? Maybe more important, how can they generate inflation? Read More |
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09.29.20- Do You Have The Courage
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~ H. L. Mencken (1926). “Notes on Democracy,” Read More |
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09.26.20- "An Extremely Dangerous Game" - Central Bankers 'Extend & Pretend' Has Increased Risk Of "Catastrophic Collapse"
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09.25.20- First Casualty of Fed's Radical Inflation Policy
We also know that the Fed just committed to let inflation run hot, which is likely to take a big bite out of retirement savings in the form of higher costs for consumers. But a newer set of problems is also beginning to take shape, and they don't leave many options for savers. According to a report from the website Governing: Read More |
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09.24.20- The Fed Can Generate Higher Inflation
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09.23.20- Digital Money Is Coming to America
Overseas, people use dollars as an alternative to their own money. Foreigners are more familiar with Ben Franklin than Americans. In many places, people cling to U.S. dollars like a drowning man to driftwood. Read More |
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09.22.20- And Now, for Something Entirely Different: How would you define slavery?
Your government can, and does, tax you to its heart’s content. It may allow you to keep a portion of your earnings, but if it raised the income tax rate to 90%, 100%, what could you do to stop them from taking every penny you earned. Government can seize your property through liens and eminent domain. Read More |
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09.21.20- Fed Still Looking for Inflation,
According to Chair Jerome Powell, it hasn't happened yet — or at least not to the degree that he would like. Here's how a CNBC article summarizes the Fed's latest policy stance, which demonstrates the central bank's belief that inflation has not yet increased: Read More |
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09.19.20- Market Update: DC/Wall Street Insider Predicts Coming Shock
When asked what the biggest risks facing the economy are, David Stockman, lifelong Capital Hill and Wall Street insider, says “That’s easy. There are three: The Fed, The Fed and the Fed.” After decades of misguided policy and chronically missing its targets, Stockman thinks the Federal Reserve is truly barreling off the rails now, hurtling our market economy towards disaster. Read More |
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09.18.20- This Is Why Inflation
This is how market capitalism is supposed to work: consumers decide (for whatever reason) to buy more toilet paper. This increase in demand strips the shelves of TP and pushes the price up as demand exceeds supply. Read More |
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09.17.20- And Now, for Something Entirely Different: “How Far Will You Lower Yourself?”
The bulk of it denounced us viciously. We are with the devil, readers insisted. For we are dispensing falsehoods — and possibly condemning the witless dupes who heed our evil counsel to early, needless graves. And if not condemning our witless dupes to early, needless graves… possibly condemning their elder and compromised relations to early, needless graves. Read More |
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09.16.20- "The Markets Could Be Disappointed": Here's What The Fed Will Say Today
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09.15.20- Money Creation Mechanics
Anyone who bothered to do some basic calculations would see that when the Fed monetises securities, as it does when implementing QE, it adds to the economy-wide supply of money. Specifically, if you add-up the increases in the dollar amounts of demand and savings deposits within the commercial banking system during a period in which the Fed ran a QE program and subtract from this the amount of money loaned into existence during the period by commercial banks, you will find that the difference is equal to the net dollar value of securities purchased by the Fed. Read More |
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09.12.20- Another Weekend Rant: When There are No Consequences for Anything
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09.11.20- The Fed Promises More Dollar Destruction
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09.10.20- How to Save a Dying Republic: Lincoln and the Greenbacks
While some onlookers have found themselves cheering on this impending meltdown of the “great American empire”, I think it is wiser to take a more measured approach to the tragedy now unfolding in America and across the entire trans-Atlantic Community. After all, what would we expect to see under conditions of dissolution of the union into civil war and economic collapse? Would economic injustice disappear as the Eurasian multipolar alliance swept the world to restore peace and win-win development on everyone? Read More |
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09.09.20- Ron Paul Pans The Fed's "Brilliant Plan"... More Inflation And Higher Prices
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09.08.20- Inflation — Running Out Of Road
This article discusses the consequences of price inflation suppression, particularly in the light of Jerome Powell’s Jackson Hole speech when he downgraded the importance of price inflation in the Fed’s policy objectives in favour of targeting employment. Read More |
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We’re entering a new phase. Up until now, the Federal Reserve was backstopping Wall Street. This created a huge shift in wealth from average people – with few financial assets – to the “rich,” who own most of them. But it was fake wealth. That is, the U.S. stock market could easily be cut in half. In a flash, about $17.5 trillion of “wealth” would disappear. Read More |
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09.05.20- The Economy Continues To Unravel Despite All Stimulus Measures
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09.04.20- Inflation - DOW 50,000 - Gold $50,000
INFLATION IS COMING Read More |
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09.03.20- The Fed's Stupidity is Still Well Anchored
A Non-Robust and Painfully Slow Evolution Please consider A Robust Evolution by Richard Clarida. Self-Serving Praise
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09.02.20- This Has To Be A Joke,
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09.01.20- The Fed and the
We have been watching the bailout of the financial system by the Federal Reserve with astonishment. Never before has a central bank tried single-handedly to rescue both the financial system and a large proportion of U.S. corporations. We were taken aback then by Fed actions and are now just as worried about what it has given birth to. Read More |
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08.31.20- The Fed Has Yet Again
Gold jumps as Federal Reserve strengthens inflation expectations Read More |
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08.29.20- And Now, for Something Entirely Different: In The Long Run... We Are All Alive
Stein may have been right in theory. Yet the unsustainable trend of U.S. government debt outlasted his life. Herbert Stein died in 1999, decades before the crackup. Those reading this may not be so lucky. Read More |
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08.28.20- Space Oddity & Helicopter Money
Yes, Ground Control in the form of the major central banks have totally lost control and the world economy is now floating around helplessly without direction. Since the end of 2006, the major CBs (Fed, ECB, BOJ & PBOC) have increased their balance sheets from $5 trillion to $25.5t today. The great majority of the extra $20t created since 2006 has gone to prop up the financial system. Read More |
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08.27.20- The Fed Faces A "Complete Nightmare": Convincing The Public That Higher Inflation Is Good For Them
The first reason that an explicit policy would entail picking a specific time period over which PCE inflation is required to average 2% before beginning a policy normalization (hiking) process. Read More |
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08.26.20- Central Banks Driving Gold
As a gold analyst, I grew used to this a long time ago. But, it’s still disconcerting when one realizes the extent to which gold is simply not taken seriously or is treated as a mere commodity no different than soybeans or wheat. Read More |
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08.25.20- It's Official: the Fed is Going to Unleash an Inflationary Storm
For the last 20 years, the Fed has argued that it is targeting an inflation rate of 2%. Everyone knows that the real rate of inflation is well above this level. But the Fed is the Fed. And as the primary director of the financial system, the Fed’s target rate of inflation is used as a baseline for all major portfolio managers. Which is why the following story is of MAJOR import: Read More |
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08.24.20- Fed Can Control Yield Curve.
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08.22.20- The Government Just Took This Big Step Closer to Controversial 'Fedcoin'
The debasement of the dollar continues, and according to a recent Sovereign Man piece, China is the main threat for that to get even worse: Conflict with China is by far one of the single biggest threats to the dollar. So it's worth paying attention to, because, as the last Cold War proved, it can escalate rapidly and persist for decades. But there is another threat to the dollar that is being developed on our own shores – and by our own central bank. Read More |
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It’s blowing a full hooley out there this morning, which is very bad news for my olive trees as the storm is shaking the ripening fruit off. Shame. It’s the first time our little olive grove has produced what looked likely to become full-sized olives. I was going to add them to Dirty Martinis. Meanwhile, mink farms are being wiped out by coronavirus which is proving 100% fatal to the well-dressed ferrets. Interesting, but what does it mean…? Read More |
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08.20.20- The Response To The Fed's Minutes
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08.18.20- The Empire Will Strike Back: Dollar Supremacy Is the Fed's Imperial Mandate
Judging by the headlines and pundit chatter, the U.S. dollar is about to slide directly to zero. This sense of certitude is interesting, given that no empire prospered by devaluing its currency. Rather, devaluing the currency is a sure path to dissolution and collapse of the empire. This dynamic--devaluation leads to decline and collapse--is not exactly a secret. Read More |
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08.18.20- The Central Bank is finishing what they started in 1913
The Federal Reserve is actively trying to destroy the dollar, which was the plan when they started enslaving humanity in 1913. The goal has always been to own the world through the debt-based monetary system. Read More |
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08.17.20- Global Corporate Banker’s Reset: Fedcoin, New Scheme for Tyranny and Poverty
Fedcoin was initially included in the first coronavirus spending bill. While the proposal was dropped from the final version of the bill, there is still great interest in fedcoin on Capitol Hill. Some progressives have embraced fedcoin as a way to provide Americans with a “universal basic income.” Read More |
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08.15.20- And Now, for Something Entirely Different: Gates and Fauci Belong in Prison
There is some kind of flu that probably came from Wuhan that may or may not have been deliberately released. If you are in the narrow band of people susceptible to it, it can and does kill. Read More |
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08.14.20- This Is What
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08.13.20- 'Irresponsible' Fed Policy Poses This Dual Threat to Retirement Savings
First, let's shine a light on the Fed monetary policy… According to an article on the Financial Times, long-term savers will likely reach desperation in the near future, thanks to near-zero 10-year bond rates: Read More |
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08.12.20- Trump’s Executive Orders to Help Pay for COVID-19 Pandemic
The package, announced by Mr. Trump himself, ignored the people’s representatives – who, alone, according to the Constitution, have the right to determine how money is raised and spent – and declared a $400 per week bonus for people who don’t work. As for those who do work, they will get something for nothing, too. Read More |
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08.11.20- Why Fed Bugs Really, Really Hate Gold
Can anyone the New York Times attacks this dishonestly be all bad? Read More |
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08.10.20- The Biggest Threat to Your Prosperity
After a 30-year rolling coup d’etat, its occupants have imposed a regime of destructive falsification onAmerica’s financial, economic, political, and social life. It has become the heart of mushrooming darkness taking prosperity, liberty, and democracy down for the count. Read More |
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08.08.20- Judy Shelton is Right About the Gold Standard
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08.07.20- The Consequences of Worthless Cash
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08.06.20- How Central Banks Made
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08.05.20- The Federal Reserve
Yesterday, we were looking at “transfer” payments. Today, we look closer. What exactly are we talking about? Our developing hypothesis is that the furious money-shoveling in the last quarter was not just a “fluke.” It was part of a pattern, like the M.O. of a major thief. And it won’t stop until the criminal is behind bars. Read More |
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08.04.20- Second Fed President Calls
Free Money Thomas Barkin joins Minneapolis Fed President Neel Kashkari in the free money call. Read More |
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08.03.20- The Fed Is Planning To Send Money Directly To Americans In The Next Crisis
The second common theme is that despite sparking unprecedented asset price inflation, price as measured across the broader economy (at least using the flawed CPI metric) would remain subdued (as a reminder, the Fed is desperate to ignite broad inflation as that is the only way the countless trillions of excess debt can be eliminated and yet it has so far failed to do so). Read More |
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08.01.20- Say’s Law and the Effects of a Growing Money Supply
The credit cycle drives the business, or trade, cycle. It should be obvious that changes in the quantity of money, mostly in the form of bank credit, have an effect on business conditions. Indeed, that is why central banks implement a monetary policy. By increasing the quantity of money in circulation and by encouraging the banks to lend, a central bank aims to achieve full employment. Read More |
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07.31.20- Stimulus Is Failing: Global Banks to Break Support Levels, US Dollar Plummets to 2-Year Low
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07.30.20- Is Gold Going to Call the Fed’s Bluff?
The Fed now has a major problem on its hands. That problem is the fact that gold is ripping higher. Americans see gold as a measure of inflation. Food prices, car prices, home prices, stock prices, practically the price of anything can rise and the average American won’t think “inflation.” It’s a different story with gold. Read More |
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07.29.20- The “Government Put,”
In an effort to help you sort things out, I’ve invited George to help us put the macro picture into perspective given the pandemic, shutdown of the economy, a bizarrely resilient stock market and prospects for your investments now and in the future. Read More |
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07.28.20- The Case of Dred Scott
Dred Scott was a slave who belonged to a United States Army officer, an army surgeon, John Emerson. In 1834 Emerson took Scott with him when assigned duty at Fort Snelling, which was located in Wisconsin Territory, a part of the Louisiana Purchase where slavery had been prohibited by the Missouri Compromise of 1820. Read More |
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07.27.20- Election 2020: The Worst Case Scenario Is The Most Likely One
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07.25.20- And Now, for Something Entirely Different: Are You Ready to Surrender?
And I was thinking: what if he’s -largely- right? What if the utter lack of preparedness and the glaring incompetence we see displayed before our eyes all across the globe has made escape -almost- impossible? Surely at the very least we should prepare for that, too, even if it’s not the only thing we should prepare for. Read More |
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07.24.20- Blood Money: The Civil War and the Federal Reserve
The Missouri compromise was put in place by statesmen determined to keep the North and the South, two separate countries with different legislative interests, in a state of even power in the US Senate. The compromise admitted Maine as a non-slave state and Missouri as a slave state. Thus, North and South retained the same number of senators, which forced compromise if anything was to happen. Read More |
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07.23.20- The Fed Can’t Make Pi
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07.22.20- Is the Federal Reserve Sowing Seeds of Marxism?
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07.21.20- You Could Get Mad as Hell and Just Not Take This Anymore!
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07.20.20- And Now, for Something Entirely Different: Is America A Lost Cause?
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07.18.20- The Last Gasps of
The old man grabbed his cane and moved to a comfy chair and clicked on a widescreen TV. Bloomberg. In German. Read More |
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07.17.20- How to Deprogram Your Friends & Family from the Cult of Fiat Currency
This cult is robbing them. And it’s doing so clandestinely, without their knowledge or approval. It’s so sly that they don’t even know it’s happening. In fact, the leaders behind this cult have convinced them that this system is normal. They accept it, since that’s the way things are done and the way everyone else does it. Read More |
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07.16.20- The Fed’s Liquidity Confusion
Fed Chair Jerome Powell recently testified to Congress regarding the Fed’s response to the coronavirus outbreak and lockdown. In addition to cutting interest rates to near zero, Powell described the Fed’s “forceful measures in four areas:” Read More |
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07.15.20- Will the Federal Reserve
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07.14.20- The Bottom’s Falling Out
Still, that is what the world’s central banks are doing today: they “fix” the top by bailing out banks and allege that somehow that will fix the rest of the edifice too. In that same analogy, while central banks prop up banks, governments try to support the walls, by bailing out businesses. Again, while the floors and foundations keep on rotting away. And when the floors cave in, so of course will the walls, just like the roof. Read More |
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07.13.20- The Fed Is Trapped In QE As Interest Rates Can’t Rise Ever Again.
As we discussed previously, Jeremy Siegel already declared the end to the 40-year bond bull market.
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07.11.20- Federal Reserve: Everything is fine. Just like in 2008
Recently the Fed released this reassuring statement: “The banking system remains well-capitalized under even the harshest of these downside scenarios. . .” In other words, everything is just fine. Read More |
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07.10.20- You Are Now Leaving FantasyLand: The Losses Will Be Taken By Somebody
Round about late March, we entered a Financial FantasyLand in which all the sins and excesses of rampant financialization were going to be painlessly washed away. Never mind the entire U.S. economy is an inverted pyramid of balance-sheet “value” and debt resting on a shrinking foundation of collateral; everyone would be made whole in the Federal Reserve’s Financial FantasyLand. Read More |
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07.09.20- And Now, for Something Entirely Different: The Delusion of a Seamless Reopening Is About to be Obliterated
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07.08.20- Rabobank: "Markets Are, Across The Board, Totally Divorced From Reality. Facts No Longer Matter"
Back in the 1980s there was a lot of discussion at my college about “post-modernism”. At that point it was in a strictly cultural sphere. It meant different things to different people, but I personally found enlightenment in the example of Jean-Luc Picard, captain of the starship Enterprise. To be “post-modern”, I was told, was to be a cultural creation from beyond the modern era. The original Star Trek had been modern (indeed, ultra-modern for the time), but it had clearly been based on pre-modern concepts, such as novels like Horatio Hornblower and Westerns. On the other hand, Star Trek: The Next Generation was based on Star Trek, and hence was “post-modern”. Read More |
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07.07.20- A Long and Perilous Journey
What Long Journey? Most unbacked fiat currencies issued by governments and central banks have failed and ended in tears, inflation, abuse, and corruption. Governments collapsed, devalued currencies to minimal or zero value, and people lost jobs, savings, retirements, and homes. Read More |
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07.06.20- And Now, for Something Entirely Different: Is America Heading For Civil War?
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07.04.20- Fed Just Picked the 'Big Guys' (Again) Over Individuals
They did this through something called a Secondary Market Corporate Credit Facility (SMCCF). Buried on the Fed’s website, the press release explains the intention behind this purchase of bonds:
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07.03.20- The Fed Promotes a Quickening that Takes Many Years
Please consider the Minutes of the Federal Open Market Committee for June 9-10, lead image from Powell Wants to Talk Policy, but all Fed block quotes are from the FOMC Minutes. Read More |
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07.02.20- Central Banks: Gold’s Greatest Ally
My earlier forecast was that gold would hit $1,776 by the Fourth of July. I guess I was a bit early! Today’s price of $1,782 per ounce is the highest since 2012 and a 70% gain from the low of $1,050 per ounce at the end of the last bear market in December 2015. Read More |
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07.01.20- Jay Powell’s Printing Press
But I’m here to discuss the “idiot stocks.” I’ve decided to label stocks like SHOP, W, TSLA, BYND, CVNA, etc as “idiot stocks.” Yes, ignorant speculators have managed to get lucky trading these stocks during a period of time when the Fed has printed the greatest amount of money in its history. Read More |
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06.30.20- As the Fed Pumps, the Stock Market Is Increasingly the Only Game in Town
While the economic storm caused by COVID-19 has seemed to wane (temporarily?), the stock market can’t seem to go but one direction—up. Graham and Dodd’s meaty 700-page Security Analysis has soared to number 7695 on the Amazon best-seller list. According to Warren Buffett, the book is “A road map for investing that I have now been following for 57 years.” One wonders what roadmap the young people who saw the pandemic March meltdown as an opportunity to buy slices of familiar technology stocks are following? Read More |
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06.29.20- Into Darkness:
As you may know, I was one of the very first voices publicly reporting on covid-19, issuing an alert that the virus was a significant pandemic event on Jan 23rd, 2020. This was long before most media outlets even managed to write their first “It’s just the flu, bro!” article. Read More |
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06.27.20- Weekend Rant: The Fed Isn’t
All the Fed can reliably do is stop bank runs and limit liquidity panics. It can also fund (or “monetize”) the U.S. federal deficit, as it has done in recent months. By buying essentially the same amount of U.S. Treasury securities the government has issued, the Fed has taken pressure to fund mammoth federal deficits off of the private sector. Read More |
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06.25.20- Why the Central Bank "Bailout of Everything" Will Be a Disaster
This is the biggest combined stimulus plan in history. However, businesses are closing at a record pace and unemployment has reached extremely elevated levels in many countries. Read More |
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06.24.20- U.S. Central Bankers Stole $7 Trillion After Government Locked People Down
While the mainstream media focuses on which senile sycophant will be the bankers’ puppet for the next four years, the central banks are destroying what’s left of the economy and sovereignty to usher in the New World Order. The election is all just a distraction from the real enemy; the banking cabal that runs the world and has already selected the next president. Read More |
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06.23.20- "The Fed Is Getting Desperate"
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06.22.20- Dear Junkies Addicted To Fed Smack: The Monkey On Your Back Is Now A Gorilla
Dear junkies addicted to the Federal Reserve's free-money smack: like all addicts, you firmly believe you're not addicted. Never mind those tracks, you can stop any time. Yeah, sure, but we all know you're going to buy the dip and max out your margin account because the craving cannot be denied. Read More |
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06.20.20- Revealed: The Fed’s Next Trick
Free and honest markets are roped to the tracks, squirming, writhing, sobbing. This iron horse is barreling toward them. Mr. Jerome Powell is at the controls… And murder is on his mind. Read More |
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06.19.20- It All Comes Back to the Federal Reserve: the NWO is being Shoved Down Our Throats
As we fight amongst ourselves and try to figure out which violence is more acceptable looting or police brutality, the ruling class is tightening the chains of our enslavement. With the help of the mainstream media, we are distracted from the core of the problem while dividing ourselves as the masters command. Read More |
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06.18.20- Our Wile E. Coyote Economy: Nothing But Financial Engineering
The story we're told about how our "capitalist" economy works is outdated. The story goes like this: companies produce goods and services for a competitive marketplace and earn a profit from this production. These profits are income streams for investors, who buy companies' stocks based on these profits. As profits rise, so do stock valuations. Read More |
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06.17.20- Goodbye, Free Market
Fremdschämen is a noun of the German language. It translates this way: Embarrassment for those incapable of feeling embarrassment. Today we suffer embarrassment for Mr. Jerome Powell and his fellows of the Federal Reserve… For no action they take lowers their heads in shame… or blushes their cheeks with embarrassment. Read More |
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06.16.20- Fed Gold Buying May Soon Be the “Policy Option of Choice”
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06.15.20- Savings Are Critical to a Prosperous Economy
It is held by most mainstream economists that spending is the heart of economic activity. Economic activity is depicted as a circular flow of money. Spending by one individual becomes part of the earnings of another individual, and vice versa. In contrast saving is viewed negatively as it weakens the potential demand for goods and services. Read More |
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06.13.20- Modern Monetary Theory — it’s just neo-Keynesian macroeconomics
Macroeconomics has become so far removed from reality that its practitioners cannot understand what is happening in the real economy. Never has this been more obvious than today. While they claim to be economically literate, macroeconomists are in thrall to their paymasters; a combination of government, quasi-government and financial institutions with a vested interest in not looking too closely at the full consequences of government economic and monetary policies. Read More |
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06.12.20- "The Market Is More Broken Today Than It Was On March 23rd, And It's
The investment community witnessed financial history on Wednesday. For fifty minutes, Federal Reserve Chairman Jay Powell highlighted the risks to the economy. Specifically, he indicated that there is so much uncertainty to the economic outlook that the Fed’s forecasts in the Summary of Economic Projections are essentially useless. He warned that there are 22-24 million people out of work, and that millions will remain out of work when the economy recovers. He skillfully dodged a couple of questions about asset prices. Finally, with the last question of the day, Bloomberg’s Mike McKee nailed it when he asked the questions on all investors' minds. Read More |
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06.11.20- Blame the Fed for the
Small investors seem to have figured out that the Federal Reserve has, indeed, targeted markets through its unprecedented stimulus programs. They know that markets are now designed for investors to win, as evidenced by the S&P 500 Index’s about 43% gain since late March despite the worst economic recession since the Great Depression. Dave Portnoy, the founder of the website Barstool Sports who recently took up day trading, recently explained it best: Read More |
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06.10.20- "Fertilizing the rich man's field with the sweat of the poor man's brow."
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06.09.20- And Now, for Something Entirely Different: The American Experiment Isn’t Dead Yet but the Lab Is on Fire Right Now
If we had all only known in March how everything was going to turn out we might have been able to do something different. Like move to Antarctica. What passed for worries for most Americans last year at this time certainly seem a bit trivial now that lockdown fever has exploded into full-blown civil unrest. If this all seems a little too slick, organized, and, well, scripted it’s because it is. The first draft of this nightmare was written by the original hipster beard boy commie Karl Marx over 170 years ago. Read More |
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06.08.20- Michael Pento: “Central Banks Have Jumped the Shark,” May Even Buy Stocks
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up later in the program we have a conversation with Michael Pento of Pento Portfolio Strategies. Michael weighs in on the massive increase in the Fed’s balance sheet over the last several months, amounts that make the stimulative response to the Great Recession a decade ago look like chump change. Read More |
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06.06.20- Gangster State Capitalism
Historically, capitalism freed labor from bondage by making labor the private property of the person. Serfs who owed labor obligations to lords became free individuals. Free labor markets and emergent capitalism made productive by technological advancements created with time rising living standards and a free people determined to protect their independence by holding government accountable.Read More |
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06.05.20- The Feds Created and Sustain a Counterfeit Economy
Yesterday, we saw that, soon, it may not be only Blacks who want to set fire to police stations. Since the bottom of the Crisis of ’08-’09, the 20% of the population at the bottom of the heap – largely young and/or Black – has lost 25% of its wealth. The next and biggest group, those with more than the bottom 20% but less than the top 40%, are essentially even. That is, they hit bottom in March ’09… and never recovered. Read More |
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06.04.20- The Fed Just Got the Perfect Cover for the Collapse of the U.S. Economy
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06.03.20- And Now, for Something Entirely Different: Why The Public Should Rebel Against Forced Vaccinations
In the case of the novel coronavirus there is no vaccine yet; unless of course the virus was engineered or evolved in a lab (as more and more evidence is suggesting), and then perhaps there is one already developed. Typically, vaccines take years to test and produce, and whenever a vaccine is rushed onto the market very bad things tend to happen. Read More |
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06.02.20- This Time, the Fed Can’t Avoid Inflation, Says Expert
As the dust around the 2008 financial crisis settled, some may have been surprised that the eagerness of the Federal Reserve to print money did not cause inflation, or even hyperinflation. Yet those who are expecting the same turnout this time around should look at the underlying nature of both crises. Read More |
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06.01.20- Defining "Inflation" Correctly
If inflation is a general rise in measured prices, then why is it regarded as bad news? What kind of damage can it inflict? Mainstream economists maintain that inflation causes speculative buying, which generates waste. Inflation, it is maintained, also erodes the real incomes of pensioners and low-income earners and causes a misallocation of resources. Read More |
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The main central banks of the world are increasing money supply in an uncontrolled and unjustified way in what is so far the largest transfer of wealth from savers to governments ever. While savers see their deposits disappear with negative real rates and devaluations, while central banks seek at all costs to impoverish their neighbors through devaluations to benefit deficit-ridden states, financial repression continues to generate responses from citizens, who seek to safeguard their savings from the monster confiscator: devaluation and inflation. 
All the tricks to hide our unaffordable cost structure have reached marginal returns. Reality is about to intrude.
Fragility. Last year exposed myriad fragilities. The U.S. stock market went from all-time highs to an emergency FOMC meeting in ten sessions. The S&P500 lost more than a third of its value in just 21 trading days. Q2 GDP collapsed at a 31% annualized rate. Financial conditions tightened dramatically, with illiquidity and dislocation erupting throughout the markets – equities and fixed income. The year demonstrated the fragility of social stability. Frail confidence in our institutions was similarly revealed. 
About one million Trump, election integrity and Constitution supporters including this writer peacefully protested in Washington DC on January 5 and 6 at the Save America Rallies. The fake news media predictably is focusing on the US Capitol break-ins and ignoring the peaceful protests which constituted time-wise 99% of the two day events and why they were there – to protest election fraud and support the US Constitution and President Trump. 
Gold ended 2020 at $1,891, partially thanks to monetary policy easing. In 2021, the Fed may not trigger a comparable rally in gold, but it should offer gold prices some support.
Things are shaking loose. Secrets are flying out of black boxes. Shots have been fired. The center is not holding because the center is no longer there, only a black hole where the center used to be, and, within it, the shriekings of lost souls. Will the United States go missing this week, or fight its way out of the chaos and darkness?
Do you have FOMO yet?
The most important event in the new year is likely to be the Fed losing control of its iron grip on markets. The dollar’s declining trend is already well established against other currencies and commodities, leading to this outcome.
You’re standing in the back yard, filling up a wading pool for the kids with a garden hose. If you turn the hose off, the pool stops filling. Allow enough time, and the sun evaporates the water. Over the course of the summer, the water slowly dries up, leaving you with an empty pool and unhappy children – unless you turn the hose back on. 
Fiscal policy shifted into turbo-charged, warp speed, overdrive early into the COVID related recession. To facilitate the borrowing binge, the Federal Reserve took unprecedented monetary actions. In 2020, the fiscal deficit (November 2019- October 2020) rose $3.1 trillion and was matched one for one with a $3.2 trillion increase in the Fed’s balance sheet.
Choose wisely, America, or the options for a positive outcome will vanish like mist in Death Valley on a clear July afternoon. 
Valuation are not only high, they are among the highest on record. 
These days, most mainstream news reports are being monopolized by the pandemic, the covid vaccine and all the new rules and lockdowns that are being enforced across the Western world, and this near-obsessive focus comes at the expense of a lot other important developments. The last story that managed to “dethrone” covid from the headlines was the US Presidential election, and even that reporting was largely through the prism of the pandemic. And yet, the earth hasn’t actually stopped spinning and hugely important geopolitical and economic shifts are still happening and they’re certainly newsworthy, especially for investors. Chief among them is Brexit now: the long-awaited, much-debated and endlessly negotiated “divorce” between the UK and the EU. 
Only decentralized planning—for holidays and economies alike—allows people to freely employ their tacit and local knowledge.
Do you wish to know where the economy is heading? The bond market holds the answer, say the veterans.
Extremes get more extreme until risk breaks out; then the reversal will be as extreme as the bubble expansion. 
The following article comes with a surprising revelation — possibly an alarming revelation — at the end. Something big is happening at the Fed — the largest movement of “cash” in history. I don’t know what to make of it, because the Fed has been completely silent about it, and the mainstream financial press has missed it entirely. Crickets. 
As I keep stating, the big theme for 2021 will be inflation. And a Biden administration will only accelerate this.
I updated my economic forecast last month to include a recession in the first quarter of 2021, based on the reemergence of lockdowns. It was one of those forecasts I hoped I’d be wrong about.
Oh the wonderful world of Mr. Globaloney; it never ceases to shock, to entertain, and to surprise with its unbridled hubris and somersaultingly insane policies. In this case, the particular Mr. Globaloney that we’re concerned with is Dr. Ernst Stavro Blohfeld, self-appointed Fuehr… er… head and founder of SPECTRE (Special Executive for Counter-Intelligence, Terrorism, Revenge and Extortion). Dr. Blohf….
The increase in the U.S. money supply in the past two weeks is absolutely shocking. Something must be seriously wrong behind the scenes at the U.S. Treasury and Federal Reserve for the M1 Money Supply to increase more in the past two weeks than it did in six weeks during the beginning of the pandemic shutdowns in late March.
One sure way to identify a system “optimized for failure” is if all the insiders are absolutely confident the system is “optimized for my success”. 
The vast increase in government spending in response to the COVID-19 pandemic has caused many people to question their understanding of money…
We're Number One in wealth, income and power inequality, yea for the Fed and the Empire! 
The US presidential vote that concluded last night was still too close to call on Wednesday morning. It may well remain this way for a while. Yet — and, I suspect counter-intuitively for many — regardless of who ultimately wins, three things are clear at this stage that spell trouble for the US economy, and well beyond that.
From the moment Donald J. Trump took office, I 
There has been a rising concern as of late about surging inflation as the Government injects more stimulus into the economy. While it seems logical, the reality will be quite different as weak economic growth rates force the Fed to monetize the entirety of future debt issuances.
Oscar Wilde observed that “life imitates art,” and there they were: the three grand poohbahs of social media, stone-facing the Senate Homeland Security Committee on their zoom screens like a trio of James Bond villains — Jack “Twitter” Dorsey, complete with sinister nose-ring and necromancer’s beard, Mark “Facebook” Zuckerberg, pasty and blank as a knish, and Sundar “Google” Pichai the Merciless. Only missing were the Persian cats in their laps.
The Fed says that “price stability” is part of their dual mandate and they are committed to maintaining the purchasing power of the dollar. But the Fed has a funny definition of price stability.
It shouldn’t come as a surprise that the Vice President of the World Bank Carmen Reinhardt 
The Fed’s rigged-casino stock market will be dragged to the guillotine by one route or another.
I could see where this was going, which was my wife grinding me into the ground, picking at me because of my many faults, real or imagined, usually about the damn kids. Usually some jibber-jabber along the lines of her sweetly saying “You know, dear, that the kids and I would love it if you _____ (insert one): paid attention to them, asked them how their stupid day went, stopped being such a jerk, remembered their stupid names, or all of the above.”
The Federal Reserve is warning investors in no uncertain terms that higher rates of inflation are coming. Yet markets, for the most part, have disregarded that warning.
[This article is part of the 
In recent weeks, there has been a lot of talk about the role of the world's central bankers going forward. With that in mind, now seems like a good time to recap the market bailout operations during the past few years... to get some insights into how this all ends (spoiler alert - not well)! 
We have reported on the major 
The Fed can generate inflation. Perhaps that seems obvious. After all, the Fed can create money at essentially zero marginal cost. But the point has been disputed. Several decades ago, a generation of Keynesians held firm to the belief that inflation was not a problem if the economy was not at full employment. In a world where inflation expectations lag behind actual inflation, expansionary monetary policy boosts aggregate demand, increasing the level of real output (productivity). Only when the economy is at full employment does an increase in the level of total expenditures translate entirely to an increase in the price level associated with inflation. 
SAN MARTIN, ARGENTINA – For half a century, America’s greatest export has been the dollar. So much so that there are now more physical dollars outside the U.S. than in it.
To me slavery is the loss of freedom; when my life; my property; and my rights can be taken from me without my consent based upon the whim and caprice of others. If there is nothing that I can call my own, then I am, in fact, a slave.
When the Federal Reserve announced in July its intent to let 
The Federal Reserve system made a future financial panic or currency panic impossible. It made stable for the first time in the history of the United States the credit system of the people of the United States. – Senate Documents,
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The Federal Reserve props up gold once again, another $2 to $3 trillion are expected to be poured into the gold market, and the surprising cheapness of gold and silver.
In 1976, economist Herbert Stein, father of Ben Stein, the economics professor in Ferris Bueller’s Day Off, observed that U.S. government debt was on an unsustainable trajectory. He, thus, established Stein’s Law:
In a response to the coronavirus crisis, the 
If some Congress members get their way, the Federal Reserve may soon be able to track many of your purchases in real time and share that information with government agencies. This is just one of the problems with the proposed “digital dollar” or “fedcoin.
If you want to understand America’s dangerously deepening travails, youhave to start at the Federal Reserve’s Eccles Building.
The most frequently asked question I get these days is what is going to happen in November, 2020. The election seems to be on the majority of people's minds even more so that the coronavirus pandemic. In the 
In the beginning of the film Gladiator, after the defeat of Germania, there is a scene when Marcus Aurelius calls Maximus into his tent and tells him of his plans for Rome after he dies. During that conversation Caesar tells Maximus, “There was once a dream that was Rome.” Caesar was telling Maximus that Rome was more than just a spot on a map, it was an idea; and, while they had strayed from that idea it was Caesars hope that by placing Maximus in charge he could steer Rome back towards its founding idea as a republic. That idea, that concept, has been on my mind a lot lately as I watch the country I love circle the toilet. 
In last week’s article I discussed the issue of American “balkanization” and the rapid migration of conservatives and moderates from large population centers and states that are becoming militant in their progressive ideology. In my home state of Montana there has been a surge of people trying to escape the chaos and oppression of leftist states. Some are here because of the pandemic and the harsh restrictions they had to endure during the first lockdowns. Others are here because they can’t stand the hostility of identity politics, cancel culture and race riots. Either way, they are fleeing places with decidedly leftist influences. 
In a recent 
In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a coronavirus stimulus bill to purchase as much as 750 billion dollars of corporate credit. Until last week, the Secondary Market Credit Facility had limited its purchases to exchange-traded funds, which are bundled groups of stocks or bonds. 
