Estimated Reading Time: 4 minutes
Editors’ Note: We agree with much of this analysis and fear the Fed is now on a path to sacrifice the purchasing power of money due to its spineless surrender to the financing needs of the Treasury and the political needs of Kamala Harris. We mentioned that might explain the continued strong action in gold. […]
Estimated Reading Time: 4 minutes
Price controls, higher taxes, government intervention, and subsidies are paid for by printing a constantly devalued currency. These are the essential pillars of “21st century socialism” and the radical left Peronism that obliterated Argentina. These are also the main elements of the economic plan presented by Kamala Harris and the Democratic Party. Undoubtedly, this is the most radical socialist economic plan ever announced by the Democrats.
Estimated Reading Time: 3 minutes
The money supply is rising again, and persistent price inflation is not a surprise. Price inflation occurs when the amount of currency increases significantly above private sector demand. For investors, the worst decision in this environment of monetary destruction is to invest in sovereign bonds and keep cash. The government’s destruction of the purchasing power of the […]
Estimated Reading Time: 5 minutes
In a recent tweet, a talented financial analyst and investor stated: “The “debt is unsustainable” narrative has been around for 40 years plus. What’s astonishing to me is how the people who push this narrative never ask themselves, “Why has it been sustainable for so long?”. There is a widespread idea that the fiscal imbalances […]
Estimated Reading Time: 3 minutes
Estimates of United States growth have improved but remain massively below the Federal Reserve projections. After the largest monetary and fiscal stimulus in recent years, growth remains well below trend, and debt is significantly higher. It is interesting to hear Janet Yellen say that “trickle-down economics did not work” when this is the failed trickle-down: […]
Estimated Reading Time: 2 minutes
The Federal Reserve’s balance sheet reached its all-time high in May 2022. Since then, it was supposed to drop at a steady pace and shed three trillion US dollars by 2024. The normalization of monetary policy was built on the idea of a soft landing for the economy. However, the Fed may be killing the […]