Markets often exhibit cyclical patterns, and these cycles can occur in various financial markets, including stock markets, real estate markets, and commodity markets. Interest rate cycles and business cycles are also very common based on monetary policy. Market cycles are driven by a combination of economic, psychological, and structural factors. A case can be made […]
Let’s look at the cold hard facts when it comes to debt. Well, at least what we can see because we have no idea how many trillions are lost, stolen, or hidden. The US national debt in 2000 was $5.6 trillion. Today the US national debt is $32.7 trillion. Debt per taxpayer in 2000 was […]
The central banking system is a crucial component of a country’s monetary and financial framework. It plays a pivotal role in managing a nation’s currency, money supply, interest rates, and overall economic stability. Central banks operate as independent entities or government agencies and are responsible for implementing monetary policy to achieve specific economic goals.
Wealth preservation refers to strategies and actions taken to protect and maintain the value of one’s assets over time. It involves managing risks and minimizing potential losses to safeguard wealth and ensure its long-term sustainability. These strategies can include diversification, risk management, asset allocation, regular monitoring and review, and tax-efficient strategies. Wall Street will not […]
What is a world reserve currency? A reserve currency or anchor currency is exactly that. The world reserve currency is the currency that is held in significant quantities by major central banks and other monetary authorities as part of their foreign exchange reserves. Being the world currency has had significant advantages for the US since […]
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 […]
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