Tag Archives: dollar

Dollar Debasement as A Matter of Policy

Michelle Mack thought she had it made.  The suburban mom was living the high life with her husband and kids in their $3 million mansion in northern San Diego County. But that was before December 6, 2023.  This was the day police raided her home, put her in handcuffs, took her away in her PJs and slippers, and threw her in the pokey. Continue reading

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How to Outperform the Stock Market in 2024

Following the federal open market committee (FOMC) meeting on December 12 and 13, 2023, the Federal Reserve announced it would be holding the federal funds rate within a range of 5.25 to 5.5 percent.  The Fed, by way of its dot plot, also signaled there would be three 25-basis point rate cuts in 2024. Continue reading

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Once Upon a Time in Flagstaff

All these Treasury purchases by the Fed will serve to lower interest rates.  But remember, to purchase this massive supply of Treasuries the Fed will use credit that’s created out of thin air via ledger notations. Continue reading

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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

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