Archive for March 2023
Inflation and Debt Realities
Ever since the updated “New Retirement Rules” book was published in 2016, I have been warning that debt excesses would lead to a severe deflationary environment. While such an economic climate has not yet fully emerged, there are signs that we are entering such a period. Stocks have fallen 20% from their peak,…
Read MoreThe Problem with Fractional Reserve Banking and an Interesting Irony
Last week, I discussed the failure of Silicon Valley Bank and the harsh realities of the fractional reserve banking system. Since I wrote that piece last week, there have been more bank failures and bank rescue packages. Signature Bank followed Silicon Valley Bank. Credit Suisse was propped up with a $54 billion…
Read More“First Bank Failure of Many?”
As I discuss in my New Retirement Rules Class, ever since 1971, the US Dollar has been debt rather than an asset. On August 15, 1971, President Richard Nixon eliminated the link between the US Dollar and gold, making the US Dollar a fiat currency. Since that date, US Dollars have been loaned…
Read MoreStagflation Imminent?
Last week, I discussed the inevitable outcome of government overspending and central bank overprinting. This outcome will be as ugly as it will be predictable in my view. Eventually, inflation will give way to an ugly deflationary environment. In the meantime, we will probably see stagflation – rising consumer prices and falling…
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