Tag Archives: gold
The Unvirtuous Cycle of Rate Cuts
Trying to artificially control things like interest rates without understanding the underlying economic realities leads to an unvirtuous cycle full of unintended, and often unpleasant, consequences. Over the last 112 years this has resulted in a steadily declining dollar and massive debt and deficits. Continue reading
A World Of Fiat
There has been a lot of discussion lately about America’s massive trade deficit and how President Trump’s tariff policies are intended to shrink it down while returning manufacturing to the USA. What isn’t often mentioned is how this massive trade deficit ever came about to the extent that it has to begin with. If the world still operated on a gold standard these mega imbalances would have been impossible. Continue reading
Truth Shall Prevail
Year-to-date the S&P 500 is down 5.9 percent. Over this same time, the NASDAQ is down over 10 percent. Should you buy the dip? Should you sell the bounce? Continue reading
Death of the Penny and What this Means for Gold
The death of the penny – a token – may be a practical matter. Why fabricate something at a loss? But, more so, it is the result of decades of reckless deficit spending in Washington. Continue reading
