Fiat has fuelled centraliztion. When the U.S. federal government needed more fuel, the Federal Reserve dutifully bought up whatever bonds the Treasury issued, giving them trillions of newly printed U.S. dollars in exchange to pull more power to the middle. But you can sidestep this crushing dynamic.
Read MoreCounting all U.S. Treasury’s bonds, notes and bills outstanding, the U.S. Government has $31 trillion in debt. But that’s only a sliver of the promises the government must keep or break.
Read MoreI cover the market’s reaction to PPI (underwhelming), retail sales numbers… and the performance of our recent Daily Picks.
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Over the 20-year period following the Macintosh computer’s release in early 1984, real GDP per capita in the U.S. (the real meaning accounting for inflation) increased by a measly 4%.
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Layoff announcements and hiring freezes are pouring in left and right but you wouldn’t know...
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