Tag Archives: collapse
Death to Savers
The Federal Reserve artificially suppressed interest rates from roughly 2008 to 2022. It did so by creating $8 trillion of credit out of thin air to buy Treasuries and mortgage-backed securities. This pushed stock, bond, and real estate markets well beyond what the underlying economy could support. Falsified interest rates also birthed wild objects of speculation. Continue reading
ARMed and Dangerous at the U.S. Treasury
The U.S. government’s 2023 fiscal year ends at the end of the month. Does this excite you? It should. Assuming you care about the reliability of your dollar-based savings, investments, and what Uncle Sam does with the taxes you pay. Continue reading
Debt and Destruction
Something’s off. And it’s making life downright unpleasant for a broad cross section of Americans. The average worker, after putting in his 40 hours a week, is coming up short. Cash outflow consistently exceeds cash inflow. Debits overwhelm credits. How could this be? Continue reading
Washington’s Bias for Continuous Inflationism
This week Federal Reserve Chair Jerome Powell delivered his semiannual testimony to Congress. A main feature of the discussion was the status of rate hikes and the fight against inflation. Continue reading
