According to John Williams' Shadow Government Statistics October 26 Flash Update, year-to-year Monetary Base is up 38%. Expansion of the money supply creates inflation and debases the wealth of people holding U.S. Dollars. The lesson? Don't hold U.S. Dollars. Seems kind of tough if you live in the … [Read more...] about Monetary Base up 38% Year-to-Year
safe
Asset-based thinking in the real economy
I'm reposting some of my thoughts from a blog comment discussion from last week. I agree with the perspective that our currency should go back to being pegged to gold. This would force individuals, corporations, and governments to play by the same rules of economics. The side effect is that we … [Read more...] about Asset-based thinking in the real economy