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 […]
Turn on the television or read a newspaper. It is a sickening repetitive message to buy the dip in the stock market. It is a constant promotion to stay in the fiat banking system and all of the paper investment products out there. The fact of the matter is that things have changed. The buy-the-dip […]
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, […]
We have talked about the debt here in America many times. Do you know the last US President to decrease the national debt while in office? Calvin Coolidge was the last President to decrease the national debt while in office in 1929. President Reagan took office in the early 80s and the national debt stood […]
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 […]
Since the consumer price index was first used in 1919 as a key measure of inflation, it has been modified at least 18 times. Many argue that the goods measured are not representative of the true increase in living costs. Recently President Joe Biden announced that inflation dropped to zero percent despite double-digit annual increases […]
Executive Order 14067 was signed on March 9, 2022. It was the 83rd executive order signed by President Joe Biden since he was in office. The total number of executive orders signed by President Biden far easily exceeds the total by Trump, Obama, or Bush. Executive Order 14067 is officially titled Ensuring Responsible Development of […]
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