This isn’t a post-WWII economy. Today, because of the coronavirus, stocks are coming off the biggest bull market in history.
America was once a nation of financial virtue. We remember the last president who endeavoured to do what was right…and the madness that came after…
The Federal Reserve knows that the fake boom depends on more and more fake money. It’s a reckless addiction, and here’s why it won’t stop.
We tend to take the dominance of America’s empire for granted. It’s big, benevolent, and eternal. But, increasingly, there are signs of decay.
The accumulation of debt is probably the greatest national security crisis in America. Why aren’t we talking about it more?
It’s a sad day. Paul Adolph Volcker, the last honest chairman of the Fed, has just passed away. America certainly needed more men like him.
Central banks are treating money as if it grows on trees. They are obsessed about lowering interest rates and raising debt levels, with dire consequences…
America spends so much money on frivolous things. Military interventions, global espionage, quid pro quo arrangements. Here’s why it’s so wasteful…
America won’t be the first nation ruined by a corrupt elite, runaway spending, and a too-powerful military. The formula is classic.
Let’s face it: our financial situation is bad, and it’s getting worse. Neither the president nor the people aiming to replace him have a good plan.
The Democrats were early adopters of the ‘deficits don’t matter’ flapdoodle. Once in power, Republicans found it useful, too.
Hot money is only useful for speculators. They can use it to take leveraged positions in stocks and bonds — where they know they can unload them and get out at a moment’s notice.
The Trump tax cut was no real cut at all. The average person will save less than 2% on his tax bill. But his real cost of government went up — 10 times as fast.
The ‘stimulus’ programme is a wealth transfer scheme pretending to be economic policy. The Deep State, Washington, Wall Street, and The Swamp all benefit from it.
The Fed put in $3.6 trillion of fake new money. And the federal government ran some $11 trillion in deficits. Result: The greatest stimulus of all time produced the weakest recovery on record.