While not obvious, it is amazing, and a bit concerning, how great an impact monetary policy has on our lives. Decisions that an “independent” Federal Reserve makes have profound implications for future generations. Monetary policy decides the fate of our economic well-being, good or bad.
If we are going to debate President Trump’s attempt to influence the Federal Reserve’s implementation of monetary policy, then we must discuss another: the competency of Federal Reserve monetary decisions and the Fed’s obvious acquiescence to previous presidents. Continue reading
I kept warning about what would happen to our economy if we stayed on the path that we were on. For decades, our leaders have been making unbelievably bad decisions, and now the consequences are really starting to catch up with us. The cost of living has become incredibly painful, a larger housing bubble than the one that we faced just prior to the Great Recession is beginning to burst, and large companies are conducting mass layoffs all over the country.
For centuries, the Byzantine Empire’s gold coin, known as the solidus, had been the backbone of global trade in the medieval world; nearly pure gold, the solidus was trusted by merchants from Baghdad to London.
The government, federal or otherwise, has no business model because it is not a business. We know this at the outset because government does not compete on the market for people’s money, as every other business must do. As a monopoly of violence it seizes the money it needs through taxes and monetary inflation. As long as the government doesn’t get carried away by taxing and inflating too much, most people – some of whom call themselves libertarians – regard this setup as the best we can hope for. 
The ‘stay-put penalty’ contributed to constrained housing supply, industry experts said.
Social Security’s retirement fund is set to run short in just seven years — which could end up slashing benefits for millions of Americans by thousands of dollars a year.
As recently as three years ago, for example, China held $1.3 trillion worth of US government bonds. Today they’re down to around $750 billion.
Do you feel financial stress on a regular basis? If so, you are certainly not alone. As you will see below, a new survey has discovered that more than two-thirds of the entire country is feeling “anxiety and depression” due to financial stress. The cost of living is totally out of control, and it is absolutely crushing the middle class. Earlier today, we learned that the official rate of inflation has gone up again. 
