Currency Depreciation

Additional Fed stimulus will only unleash more insidious inflation, which most households and small businesses consider a crime.

Unlimited public welfare spending will destroy the country if it is not stopped. The exorbitant – and impossible to repay – government debt purchased by the current administration with fiat money to fund it will ultimately crush all investments. This is why Gold (and increasingly, Silver) and crypto are in the midst of rampaging bull markets.

Additional Fed stimulus will only unleash more insidious inflation, which most households and small businesses consider a crime. Read More »

“Nothing so undermines your financial judgment as the sight of your neighbor getting rich.”

The extreme performance divergence between sectors on the receiving side of the stimulus is stunning. The businesses best positioned to benefit from spending by the upper and upper-middle class are thriving — just look at the share prices of your favorite credit card company; they are at all-time highs. Those most sensitive to interest rates and, thereby, the worst positioned for tight monetary policy are or soon will be flirting with bankruptcy. If you look at commercial real estate owners and their lending banks, you’ll see that their share prices are at all-time lows.

“Nothing so undermines your financial judgment as the sight of your neighbor getting rich.” Read More »