Would this be a healthy business to invest in or better yet would this be a good entity to back your money: The total debt of this entity is a minimum of $31 trillion; it’s probably over $200 trillion. Assets owned are roughly $4.8 trillion. These assets are the result of debt and fake money. […]
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Laurence J. Kotlikoff served as a senior economist on President Reagan’s Council of Economic Advisers. Today he is a writer and a Professor of Economics at Boston University. Kotlikoff, together with Alan Auerbach and Jagadeesh Gokhale, pioneered Generational Accounting. He argues the US is in worse fiscal shape than any other developed country due to […]
Recently there were midterm elections held. Some of those results are still not known. This in itself is pathetic and unacceptable. Many clients believe that different political leadership will drive different results here in our great country. I would agree we need a better energy policy, better border security, better tax policy, less ESG talk […]
Most people reading this blog are well aware of what a stock or a bond is. They are aware of what fiat money is and the fact that fiat money is backed by nothing except debt. Many are not aware of what derivatives are and how toxic they are and will ultimately cause a liquidity […]
Another week goes by. Interest rates continue to go up dramatically. Markets are again jilted by fear of economic recession. Some paper assets are down over 80% and it still seems like we have much further to go. The dam is leaking and may be approaching a breaking point.
Many reasons are given for wealth preservation through physical gold. We have talked at length about inflation, government debt, and a bubble in stock and bond markets. The mother of all bubbles has now been inflated to obscene levels because of abnormally low interest rates for an extended period, even negative rates in some instances, […]
The Fed has controlled the money since 1971. In 1971 the US dollar was taken completely off the gold standard and became complete fiat. Alan Greenspan came to the rescue in 1987 as the 13th Fed chairperson. As everyone knows by now, we have to say chairperson, not chairman. When a female Fed chair is […]
Gold is a store of value. It holds your purchasing power when paper fiat money does not. Remember in 1971 the US dollar was taken off of the gold standard. Since that time and the “temporary” move, our money is backed by nothing but a promise. It was a promise by the government to pay […]
Everyone can see the markets have been melting down this year dramatically. Investors are panicking as paper markets lose steam every week. Those big gains from the last few years in bonds, cryptocurrencies, and stocks are gone. As the markets are giving the signs that a crash is looming, gold has held its own. The […]
On March 28, 2022, Rep. Stephen Lynch (MA-08), Chair of the House Committee on Financial Services’ Task Force on Financial Technology, introduced H.R.7231 – The Electronic Currency and Secure Hardware (ECASH) Act. The ECASH Act is co-sponsored by Alma Adams of North Carolina, Ayanna Pressley of Massachusetts, Rashida Tlaib of Michigan, and Jesus Garcia of […]