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The “Business” of Central Banking—Usury and Tax Farming
The “Business” of Central Banking—Usury and Tax Farming Central banking is “a great business to be in, where you print money, and people believe it.” That’s what the head of New Zealand’s central bank said recently in an unscripted moment of candor. It led me to wonder about the nature of this strange “business.” Let […]
Peter Schiff: Inflation Is Going to Win the War
Peter Schiff: Inflation Is Going to Win the War The CPI data for December buoyed markets and raised hopes that the Federal Reserve is winning its war against inflation. But in his podcast, Peter explained that the Fed isn’t winning the war. It is losing and will ultimately surrender to inflation. Markets rallied after the CPI data […]
Monetary Pumping and Resources
MONETARY PUMPING AND IDLE RESOURCES As a result of the recent strong stimulatory policies employed by the US government and the Fed, most commentators are of the view that the risk of a deepening slump in the US economy on account of the COVID-19 pandemic has now receded. Some other commentators are not so certain […]
How Surging Bank Deposits May Collapse the U.S. Dollar
How Surging Bank Deposits May Collapse the U.S. Dollar In another episode of “Strange 2020”, banks have become flush with deposits. But not in the way you might expect. According to CNBC, “A record $2 trillion surge in cash has hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January.” In one […]
The Fed’s Forever War Against Savers
The Fed’s Forever War Against Savers The war on savers rages into its second decade. And yesterday Field Marshal Powell vowed indefinite bombing, shelling, machine-gunning and bayoneting… until the white flag rises over enemy lines. It is war to the knife… and from the knife to the hilt. The only peace terms he will accept […]
The Fed Detests Free Markets
The Fed Detests Free Markets To be completely honest, I wrote -most of- the second part of this a while ago, and then I was thinking this first part should be part of the second, if you can still follow me. But it doesn’t really, it’s fine. I wanted to write something to address how […]
The Globalists Have Declared War On Your Savings
The Globalists Have Declared War On Your Savings The globalists are coming for your savings in order to “save” the economy. When any one of the plethora of bubbles burst – pick your poison – and the next financial crisis impacts Wall Street and Main Street, how will the central banks and federal governments react? […]
Will Your Retirement Efforts Achieve Escape Velocity?
Will Your Retirement Efforts Achieve Escape Velocity? Sadly, most of us will outlive our savings The concept of ‘retirement’, of enjoying decades of work-free leisure in your golden years, is a relatively new construct. It’s only been around for a few generations. In fact, the current version of the relaxed, golfing/RV-touring/country club retirement lifestyle only […]
Savings–Not Tariffs Will Make America Great Again
Savings–Not Tariffs Will Make America Great Again While the farcical Kavanaugh confirmation hearings dominated the news cycle for the past couple of weeks, little mention was made of a disturbing economic headline – the August US trade deficit. Despite all the bluster from the Trump Administration about “winning trade wars” and “trade wars are easy,” […]
The Growing Pool of Real Savings Permits the Illusion That Central Bank Can Cause Economic Growth
THE GROWING POOL OF REAL SAVINGS PERMITS THE ILLUSION THAT CENTRAL BANK CAN CAUSE ECONOMIC GROWTH Many commentators are of the view that the US central bank should pursue policies that will prevent the possible decline of the economy into a liquidity trap hole. What is this all about? In the popular framework of thinking […]
Supply v Demand-Side Economic & What is Never Discussed
Supply v Demand-Side Economic & What is Never Discussed COMMENT: Usury, first the Fed starves we savers for return for 18 years with their zero percent interest rates and gave us two giant stock market crashes in that intervening period. The lack of return caused us to cannibalize our savings and trillions of savings lost thru […]
Savings as the Engine of Economic Growth
SAVINGS AS THE ENGINE OF ECONOMIC GROWTH Most economists concur with the view that what keeps the economy going is consumption expenditure. Furthermore, it is generally held that spending rather than individual saving is the essential condition for production and prosperity. Savings is seen to be detrimental to economic activity as it weakens the potential […]
Trade Wars Just Beginning…The War Is a Fight Over an Indefinitely Shrinking Pie
Trade Wars Just Beginning…The War Is a Fight Over an Indefinitely Shrinking Pie From a growth perspective, it doesn’t matter if the world is 7.5 million or 7.5 billion persons…it only matters how many more there are from one year to the next. Economic growth (or the ability to consume more…not produce more) is about the […]
Surviving The Next Great Depression
Surviving The Next Great Depression Numerous economists and investors are warning of another great financial crisis to come but few people want to listen to them. No crisis is ever exactly like the last one and the next great depression will be different from the last one. In the last depression those who had money were […]
Whatever Happened to Saving for a Rainy Day?
Michael Brochstein/SOPA Images/LightRocket via Getty Images Whatever Happened to Saving for a Rainy Day? The US will be paying for its current fiscal excesses with the promise of future payments. But inefficient economic stimulus now will not give future generations the productive resources needed to make good on it. CAMBRIDGE – More than a decade […]
