Chuck Butler and I recently discussed how government deficit spending, and monetizing the debt has caused a worldwide awakening. Inflation is killing the value of the dollar, and our creditors understand that. But wait, there’s more! The interview continues…. DENNIS: BRICS used to stand for Brazil, Russia, India, China and South Africa. Global Research reports, Doomsday for the Buck? A […]
» Read moreCongress just keeps spending money we don’t have. It took just five weeks to add $1 trillion to the national debt after Congress authorized yet another increase in the debt ceiling. The US debt clock projects our borrowing out to 2027 – it is scary: It now takes over $1 trillion in taxes just to pay the interest, which has […]
» Read moreGovernments worldwide are creating currency, “Fiat money”, out of thin air to pay the bills; which historically leads to inflation. In a recent interview Urs Vrijhof-Droese explained: “Worldwide government spending programs,…pushed inflation even higher and is taking a toll. …. In the long-run I believe, the EU and US government spending behavior will have a severe impact on their credibility, […]
» Read moreInflation is increasing prices and a fall in the purchasing value of money. Banks and governments make inflation sound complicated as it serves their interest. It’s a hidden tax. Government-created inflation weakens the value of the currency, our money buys less. Anyone shopping goods, services, airline tickets, an automobile, clothing, and particularly medical care is seeing significant price increases. While […]
» Read moreIn our recent article, How Long Can This House Of Cards Last? What Can We Do?, Urs Vrijhof-Drose remarked: “Asia and Russia have a problem with the USD being the global reserve currency. …. We believe that this ongoing depreciation of the USD will continue….” Charles F., a subscriber to both Chuck Butler’s Daily Pfennig and our letter, sent us […]
» Read moreIf we constantly borrowed and spent more than we earn while debts piled up; our house of cards will eventually collapse. Over a decade ago, P.J. O’Rourke warned: “Alarm bells should be ringing very loudly as the United States contemplates a deficit for 2010 of more than $1.5 trillion – about 11% of GDP…. …. Empires behave like all complex […]
» Read moreThe struggle for world domination is never-ending. Governments, with their armies, fight to control not only their population, but also the rest of the world. The tools and battle strategies may change, but the goal never does. Immediately after finishing our article about digital currency combined with negative interest rates, Chuck Butler wrote “China’s Digital Currency Is Ready For Prime […]
» Read moreIn 2008, I began investing in foreign currency. The Fed created trillions of dollars out of thin air, high inflation was sure to follow. With the help of friend Chuck Butler, I bought FDIC insured foreign currency Certificates of Deposit (CD) through Everbank. I also bought Exchange Traded Funds (ETF) and sent money offshore; investing in stocks and bonds denominated […]
» Read moreCan an average investor use foreign currencies as a hedge against the rapid decline of the purchasing power of the US dollar? Last week, friend Chuck Butler and I discussed WHY investors should use currencies as an inflation hedge. This week we discuss HOW even small investors can do so from the comfort of their own home. The discussion continues… […]
» Read more“Look Ma! No Hands” refers to a kid riding his bike without using his hands; a risky act of courage and daring. Family elders used the term as a warning sign when kids were showing off. I’d have scoffed at today’s kids (“chicken!”) wearing helmets while riding their bike. Falling off and skinning up your body was how you learned […]
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