Quite a year: Socialist governments have slaughtered small businesses by the thousands, with more than 70 million new claims for unemployment benefits have been filed since the COVID pandemic first started. A brutal, government-mandated economic depression. A Federal government carrying over $27 trillion in debt. A OnePoll survey reports 55% of Americans consider 2020 aContinue reading ““A Personal Financial Disaster””
Tag Archives: #inflation
Fiat Currency Debasement
Global debasement of fiat currencies means steadily rising gold, silver, and BTC continue to rise despite stalling recovery. Continuing monetary stimulus and suppressed rates mean less confidence fiat currencies will return to past glory. Von Mises (1966): “Economics recommends neither inflationary nor deflationary policy. It does not urge the governments to tamper with the market’sContinue reading “Fiat Currency Debasement”
While Household Income Falls, Central Bankers Are Pushing for Higher Prices | Daniel Lacalle
“We have not crashed yet, let’s accelerate.” Central banks continue to be obsessed with inflation even as household income and balance sheets continue to weaken in real terms. Source: While Household Income Falls, Central Bankers Are Pushing for Higher Prices | Daniel Lacalle
Econophysics2020 