Eventually Has Finally Arrived!

When the Fed bailed out the banks in 2008, flooding the system with trillions, you just knew high inflation would be the result. It just had to happen! The government jumped in, borrowing trillions more at historically low interest rates. Not willing to let rates rise to free market levels, the Fed simply created money for the government and put […]

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The Global Outlook For 2023

January is time to look ahead for the year. Sadly, way too much depends on the Federal Reserve and world central banks. Michael Howell writes: “It has been a bleak year for many investors. Global investors have lost $23tn of wealth…so far in 2022. …. That is equivalent to 22 per cent of global gross domestic product” When bureaucrats create […]

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Money Ain’t What It Used To Be!

What is money? Baby boomers worry about retirement, workers never seem to have enough while politicians spend other people’s money recklessly to buy votes. Richard Maybury writes a terrific publication which I highly recommend. His recent issue grabbed my attention: (Emphasis mine) “Ever since President Nixon bamboozled the whole world by sabotaging the gold standard in 1971, there has been […]

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The Party’s Over!

Fed Chairman Powell tried to convince the public inflation was “transitory”. Eventually, he could no longer ignore reality. The Fed raised interest rates several times and vows to continue to do so, until inflation is stabilized at 2%. As expected, mortgage rates are skyrocketing, the real estate market is tumbling, along with the stock and bond markets. The Party’s Over! […]

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Powell Promises Affordable Housing

The Federal Reserve raised interest rates another 3/4% and promises more increases until inflation is under control. Yahoo Finance reports: “Jerome Powell just warned that the US housing market needs a ‘difficult correction’ so that folks can afford homes again: “Higher interest rates translate to bigger mortgage payments – not good news for the housing market. But cooling down housing […]

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The Disease Or Cure? Take Your Pick! (Part II)

Last week we discussed the consequences of continued high inflation. It will bring economic devastation, the dollar would lose its status as the world currency, the destruction of the middle class, and likely another Great Depression. Chuck Butler outlined what happens if the Fed flinches and doesn’t do what needs to be done – quickly: “Soon after the Fed Heads […]

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No Matter What You Call It, Storm Clouds Ahead

Academics have their code words when times get tough. Do we have high inflation? Are we in a recession, depression, or stagflation? Few people care what they call it, other than politicians who want to blame their political enemies and avoid responsibility. Both the disease and cure hurt people economically. The Fed says they target 2% inflation. When inflation started […]

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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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