The Inflation Tax Is Bearing Down on Investors Too
October 4th, 2021 • The post-COVID inflation surge that was supposed to be “transitory” is looking a lot more permanent. On Friday, the Bureau of Economic Analysis Friday released data on Personal Consumption Expenditures (PCE), the Federal Reserve’s preferred inflati
The Fed’s ‘Dangerous’ Path Toward Debt Monetization
September 30th, 2021 • A prominent U.S. Senator just called the head of the nation’s central bank “dangerous.” Unfortunately, the true dangers of U.S. monetary and fiscal policy were lost on everyone involved.
What Happened in 1971? Edward Snowden and Jack Dorsey Want to Know
September 27th, 2021 • The first thing that becomes apparent is that something happened in 1971. This fact is made clear by a series of charts, all based on government data, that show various odd economic trends began in that year.
$1 Trillion Coins Instead of More Federal Debt?!
September 23rd, 2021 • One proposal would have the Treasury Department mint platinum coins with an arbitrary face value of $1 trillion. These coins could then be deposited at the Federal Reserve, which would credit the government with the trillions of dollars it needs to pay it
Corruption at the Fed: Are America’s Money Masters Engaged in Self-Dealing?
September 21st, 2021 • America’s central bankers are tasked with impartial oversight over aspects of the American economy. But could these individuals be making decisions on interest rates and bailout operations based on what is best for their own personal investment portfoli
The Story of Silver’s Future as Money Is Yet Untold
September 9th, 2021 • Silver’s near-term price trajectory remains uncertain amid choppy market conditions. Its future, however, looks bright. In addition to the white metal’s growing uses in high-tech and alternative energy industries, some silver bulls are banking on ris
Where Does Your Profit Come From?
August 31st, 2021 • A few recent articles bring to the public’s awareness that wealthy investors are preferring not to sell their assets, and thereby pay capital gains taxes. Instead they borrow against them, on margin. This reminds me of an experience I had some years bac
Fed Chairman Doubles Down on Loose Money as Inflation Rages
August 27th, 2021 • Precious metals markets are rallying on some early Friday remarks from Jerome Powell. The Federal Reserve chairman is speaking at the Jackson Hole virtual gathering of central bankers Friday and Saturday, and he started off by emphasizing the view that hi
The Hidden Costs of War and Inflation
August 23rd, 2021 • The financial costs of debt-financed spending by today’s decision makers will burden future generations. The pain of printing trillions of unbacked bills isn’t felt immediately, so the gravity of the action is subtle, but the end result is unavoidable
The Demise of the Gold Standard
August 18th, 2021 • Money came into existence thousands of years ago when people started trading, for example, grain for silver and then trading silver for a tool, rather than trading grain for a tool. Gold and other metals have served as money, or the medium of exchange, fo
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