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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, … Continue reading “Inflation and Debt Realities“
Read MoreAs 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 … Continue reading ““First Bank Failure of Many?”“
Read MoreLast 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 … Continue reading “Stagflation Imminent?“
Read MoreThe March “You May Not Know Report” discusses how the current economy (since the time of the Great Financial Crisis) is artificial- the result of easy money policies by the Federal Reserve and government stimulus. History teaches us that when governments overspend and central banks over print, eventually, reality sets in. One of … Continue reading “An Artificial Economy“
Read MoreA seldom-discussed topic that has a significant economic impact is private sector debt levels. Ever since 1971, when the US Dollar became a fiat currency, and new currency has been created by loaning it into existence. If banks have a 10% reserve requirement, a $100,000 deposit into a bank can be transformed into … Continue reading “Debt Truths“
Read MoreEver since the time of the Great Financial Crisis, I have written about the topic of bubbles. Whether the bubble is a price bubble in stocks, bonds, real estate or commodities, there are some ‘bubble characteristics’ that often hold true. The first characteristic is that bubbles are often symmetrical, taking as long … Continue reading “Bubbles and a Stock Forecast“
Read MoreFor several years now, I have been writing about the ultimate consequences of the considerable devaluation of the US Dollar. Over the past couple of years or so, every American has felt the effects of this dollar devaluation first-hand as consumer price inflation has driven the price of nearly every necessity higher. But … Continue reading “Are the Saudis Ready to Ditch the Dollar?“
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