Category Archives: Government Debt

By Big Government For Big Government

Remember, consumer price inflation is merely the effect. Inflation, in its truest sense, is inflation of the money supply. That’s where inflation starts. That’s where the culprit resides. Continue reading

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Has Joe Biden Lost His Mind?

The current price tag for unfunded liabilities – for Social Security, Medicare (Parts A, B, and D), federal debt held by the public, and federal employee and veteran benefits – is $158.9 trillion. Again, GDP’s just $18.6 trillion. Anyone under 50 years old that’s depending on Social Security to supplement them in retirement is toast. Many people older than 50 are also toast. Continue reading

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America’s Recline and Flail Goes On

Nothing’s shocking in 2020. Not lockdowns. Not pandemic hysteria. And certainly not election chaos. To the latter, it was expected all along. Continue reading

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How to Turn a Corporate Credit Crisis into a Currency Crisis

The mechanics of persistently falling yields (as yields move inversely to price) over several decades have also acted to inflate a massive bond bubble. The demand for corporate bonds come from a variety of sources. These mainly include foreign investors, investment funds (i.e. mutual funds, ETFs, and closed end funds), life insurance companies, and pension funds. Continue reading

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