Did you know the Government – both the Federal Reserve and Federal Govt- policies dropped the number of community banks from around 8000 in the 2000s to only about 4,200 today? It’s something most people are not aware and perhaps more importantly, in my opinion, this makes our system more fragile than ever. It’s my…
Today I want to talk about the new economy we are going to see the next five or ten tears and why this will drive real assets such as land, real estate and precious metals to go up- in my opinion. There are specific trends happening in the economy. The continued rise of remote and…
In today’s article, I want to discuss why I believe hyperinflation could come and come in the next 5-10 years in the US. Many of the experts scoff at the idea that we could experience it because they say that if it were to happen that the Fed would just raise rates and kill consumer…
In this post, I want to talk the glaring weaknesses in the CPI statistic, which is the most popular number to measure inflation in the US Economy. Also, I want to discuss an alternative we should be using and why I don’t think it is being used. Now I have questions around the CPI and…
In today’s post, I want to talk about CBDC’s (Central Bank Digital Currencies) and the myth that is being pushed around privacy. And this is really going to be pretty straightforward. Proponents of CBDCs maintain that anonymity and privacy can be protected with a CBDC. But here’s the rub, the only way that this could…
Why does this calculation need to go? Why do we misuse it? And what is another unemployment rate stat we should be using? Now to start, what’s the solution? I believe the rate needs to be re-worked. It’s got to account for gig work and exclude part time workers. Also, underemployed individuals need to not…
Innovation drives standard of living improvements. In this article, I want to talk about the theory as to why a central bank is needed and then discuss why the logic is wrong. And ultimately one of the main arguments is that cheap money improves the standard of living. According to the supporters of central banks, they believe,…
Today I want to propose a different alternative to cut gov’t spending that has been used before in the United States. The way to do this I think is to cut federal taxes dramatically and go with a consumption tax. A consumption tax taxes individuals when they spend money. And to clear, this would…
What is the wage-price spiral theory? Why is this important? Why is this a myth? This economic theory or view says that worker’s future expectations of inflation result in workers demanding higher (or lower) salaries to compensate for the future inflation. As a result, this prompts companies to raise prices and ultimately again, workers demand…
In this post I want to discuss how digital banking and social media make our banking system more fragile than ever. Now, last year we saw with the collapse of Silicon Valley Bank and signature and how digital banking and social media can really speed up the process of bank runs. See, No longer do…
