Accumulating Wealth During Inflationary Times

During my working career, I was fortunate to become close friends with many very successful people. Tom (fictitious name) fit that mold. We had each other’s home phone numbers and talked regularly. Tom was a high-level vice president of a major corporation and was the speaker at a banquet for our training class. He asked me to stay when the […]

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The Fed’s Disaster Has Arrived!

“Baby it’s here!” Inflation is no longer a coming attraction, it’s here, turning into a disaster, and not about to go away anytime soon. Shadowstats.com tells us current government-reported inflation is over 8%. Using Carter year calculations, it’s over 16%. Our wealth is being stolen at a rate none of us have seen in our lifetimes. Immediately after finishing our […]

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Are We Really Screwed?

I am increasingly frustrated, wading through my weekly reading stack. It is maddening! Despite the recent fed action, inflation is soaring, prices are out of control. The economy is slowing, the stock market is tanking. The long-predicted results of outrageous government and central bank policies are coming home to roost. The signs were clear, anyone with common sense could see […]

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The Fed “Doth Protest Too Much.”

In 2010, The Huffington Post reported: “WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system. ‘If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved,’ Bernanke said Thursday while […]

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Banks Make Billions Printing/Lending Money When They Don’t Have To Worry About Being Paid Back!

Imagine a bank creating unlimited funds to lend, earning billions in fees and interest, with no worries about the borrower defaulting. It’s happening today – big time! This week’s reading stack began with a Wolf Street article, “Deep-Junk-Rated Carvana gets $4.5 Billion from New Investors, after Shares Collapsed by 79%….”. Despite regularly losing money and a deep junk bond rating, […]

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