Lost in the media’s obsession with the impeachment circus last week was Federal Reserve Chairman Jerome Powell’s testimony on the state of the economy before the Joint Economic Committee. In his testimony, Chairman Powell warned that when the next recession inevitably occurs, the US Government’s over $23 trillion debt would prevent Congress from increasing spending…
Central bankers suffer from what some might call fatal conceit. They actually believe that if they tinker enough, they can come up with a policy that will work “just right.” Maybe we should call it the Goldilocks Syndrome. But the truth is they don’t know. Of course, the Federal Reserve and other central banks have lots…
The Second World War had countless effects on the world but there was one primary cause with strictly empirical roots. The grim lessons of this root cause of the war serve as an important reminder of how mega debt can lead to mega death. The trouble began in 1914 when in an effort to finance…
Unusual remarks and actions by the outgoing head of the Bank of England and other central banking insiders strongly suggest that there is a very ugly scenario in the works to end the role of the US dollar as world reserve currency. In the process, this would involve that the Fed deliberately triggers a dramatic…
The only monetary system in which government cannot manipulate a national currency is when the foundation of a country’s monetary system is that of sound money. In reality, this means a classical gold or silver standard as real money backing a state issued currency with the full legal availability of gold and/or silver coins for…
The United States of America seems to have a suicide wish as it wanders aimlessly down a continually narrowing path that can only lead to national ruin. Is this a premeditated act of self-annihilation or simply a series of foolish choices? Before a nation can be effectively destroyed from within it is necessary first that…
