The Group of Seven is frequently referred to as the most advanced global economies. This group includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the US. I see this group as all headed in the wrong direction politically, economically, and financially. These countries are all drowning in debt and politically led by the […]
Money by definition is a medium that can be exchanges for goods and services and is used as a measure of their values on the market. Money includes among its forms a commodity such as gold, an officially issued coin or note, or a deposit in a checking account or other readily liquefiable account. Money […]
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. […]
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 […]
In 1971 the US dollar was taken off the Gold Standard. The fiat currency experiment is now 51 years old and dying. Fiat currency by definition is money that has indirect market value or is given legal tender status by government fiat. Money here in the United States is called Federal Reserve Notes. Our money […]
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.
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 […]
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 […]
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