Purchasing Power

Something Changed In 2014

When it comes to the correlation between consumer confidence and global retail sales growth, the main driver behind a global economy that is predicated upon spending, said correlation broke spectacularly in 2014 for reasons that are not quite clear. 

"This Only Ends When The Bond Market Pukes"

"There will be rallies in bonds that you can trade, but over the long run, I have complete faith that governments and Central Banks will do what they do best - inflate away your hard earned money. Betting against them is betting against history… "

The Path To Inflation: "Helicopter Money"

The general view in inflation is dead, essentially forever. Maybe. Maybe not. The next recession won't be "fixed" with the central bank playbook of more free money for financiers.

The Cultural Consequences Of The Federal Reserve

"We become more materialistic than under a natural monetary system. We can’t just sit on our savings anymore, and we have to watch our investments constantly, and think about revenue constantly, because if it is not earning enough, we are actively getting poorer."

Less Than Zero: How The Fed Killed Saving

"...this is NOT accidental... In fact, it has happened so often throughout history that there's actually a playbook (for the government) when you get to this stage. It's called Financial Repression..."

Projecting The Price Of Bitcoin

The Network Effect can become geometric/exponential very quickly...The wild card in cryptocurrencies is the role of Big Institutional Money.

Will The Crazy Global Debt Bubble Ever End?

We've been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles. All the games end badly.

Arizona Governor Signs Bill To Repeal State Capital Gains Taxes On Gold & Silver

"If you’re for less government, you want sound money. The people who want big government, they don’t want sound money. They want to deceive you and commit fraud. They want to print the money. They want a monopoly. They want to get you conditioned, as our schools have conditioned us, to the point where deficits don’t matter."

Why The Chinese Yuan Won't Be The World's Reserve Currency

"The desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations." Disconnected from the dollar, yes - but not connected to the yuan...