Tag Archives: fiat money
Fiat Money Cannibalization in America
Failure of the debt based fiat money system is at stake. The Fed will do everything they can to keep it alive. They’ll keep at it, debasing the dollar around the clock, until the precise moment it cannibalizes itself. Continue reading
Workers of the World, Unite!
Several decades of perpetual credit creation courtesy of the Fed’s artificially low interest rates have had countless unintended consequences for the global economy. In short, the economy’s reconfigured itself in ways it otherwise wouldn’t have. One example is the offshoring of U.S. jobs to China and the massive trade imbalance between the two countries. Continue reading
Life After ZIRP
Federal Reserve Chair Janet Yellen finally made good on her promise. On Wednesday she raised the federal funds rate to a target range of 0.25 to 0.5 percent. Can you believe it? After nearly a decade since the last rate … Continue reading
From Here to Eternity
Gentlemen-rankers out on the spree, Damned from here to Eternity, God ha’ mercy on such as we, Baa! Yah! Bah! — Gentlemen-Rankers, Rudyard Kipling Insults and Offenses For the first time in 80 years, vast numbers of hardworking, industrious people … Continue reading
