Friday, October 21st, 2016 MST

Category: Hyperinflation

It’s debt ceiling time again

On Friday, Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner, informing him that the Treasury will begin taking “extraordinary measures” in order to keep the Federal debt below the legal limit. Such measures could include redeeming current investments in the retirement accounts of civil service workers and would keep things running

The beginning of the end of the Japanese bond market and its impact on gold.

The following is an excellent presentation by Christine Hughes of Otterwood Capital Management on the beginning of the end of the Japanese bond market and how it has negatively impacted gold in the short term. On April 4, 2013 the Bank of Japan announced their “2-2-2-2” policy in which they will attempt to create 2%

Don’t fear the robots, fear the Fed.

It’s really quite amazing to see the economic fallacies that are trotted out in support of the central banking/fiat money meme. This recent one attempts to blame rising wealth inequality and economic stagnation on the proliferation of robots in manufacturing and automation in general: The alarm over machines posing a real risk to jobs has

Austerity is coming. Excessive government spending guarantees it.

The evidence continues to mount that government spending kills the real economy. In the game of wealth redistribution, every dollar the government takes from the private sector is one less dollar spent by the private sector. For every job that the government creates, a job is lost in the productive economy. At best you could

Government spending kills the real economy

In case you missed them, there were a couple of stories this week that revealed a great deal about the current state of our economy. The first was from Bloomberg concerning several leaked emails from Walmart executives. According to Jerry Murray, Walmart vice president of finance and logistics: “February MTD sales are a total disaster…

The Fed is forcing us to stay on the road to ruin

Stanley Druckenmiller is the former manager of Duquesne Capital, one of the most successful hedge funds ever. He recently gave a rare interview with CNBC in which he spoke about entitlement reform and the implications of our unsustainable national debt. Washington DC has a serious spending problem. One that will eventually lead to a dollar

Argentina heads down the path to another hyperinflation. Is the US far behind?

Serial currency destroyer Argentina is hoping to break its now 30% annual rate of inflation by mandating a two month freeze on the price of supermarket products. The Commerce Ministry has gone so far as to set up a hotline so that consumers can join the fight by reporting any illegal price increases. Unfortunately this

When it comes to money printing, you ain’t seen nothing yet.

The writing is on the wall for anyone who cares to take a look. The world’s central bankers are going to print until their currencies break. It’s the only way out of this global system of unsustainable debt. History tells us so, human psychology tells us so, and if you pay attention to the financial

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