The US dollar is the world’s reserve currency. And that isn’t likely to change in any radical way, anytime soon. Unless there is some kind of calamitous implosion of the dollar. I am talking about outright rejection and repudiation. And that could happen. The problem is that there isn’t another currency that could likely take its place. Continue reading “Gold – It’s Still All About The US Dollar”
We have become pawns in the game of Chess being played by the Federal Reserve Bank. Who is their opponent? Anybody else who makes a move.
Week in, week out, everyone’s eyes and ears seem fixed on what the Federal Reserve Board will say or do. Mostly, it is about what they say. That’s because they can’t really do much of anything. Continue reading “A Game Of Chess And The Source Of The Federal Reserve’s Power”
Inflation is the debasement of money by the government. Period.
It is not an increase in the general level of prices for goods and services.
The above statements are critical to an understanding and correct interpretation of events which are happening today – or expected to happen – that are casually attributable to inflation. So, let’s go one step further.
There is only one cause of inflation: government. The term government also includes central banks, especially the US Federal Reserve Bank. Continue reading “Inflation – What It Is, What It Isn’t, And Who’s Responsible For It”