When the rest of the world realizes the inflationary implications, the US dollar will lose its reserve currency role. When that happens Americans will experience a large economic shock as their living standards take another big hit.
Read MoreThere is no more complete or compelling evidence of a police state than the government announcing that it will murder its own citizens if it views them as a “threat.”
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When free market economists talk about markets deciding this or that, they are reifying a social institution and ascribing to it decision-making power. Socialists make the same mistake when they blame markets for the results of human action.
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The short answer is that the financial crisis is not over, the recovery is not real, and the U.S. faces a far worse crisis than the financial one.
Read MoreSo what is happening to the Federal Reserve’s balance sheet? And when will the Fed have no recourse but to print new money in order to finance the federal deficit? How long can the dollar retain its reserve currency role in such circumstances, and how does the U.S. pay for its imports when this role is lost?
Read MoreThere is no government of the people, for the people, by the people, only the rule of private interests.
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The greatest human achievement is the subordination of government to law. In the first decade of the twenty-first century, this achievement was lost in the United States and, perhaps, in England as well.
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The sacrifice of the Constitution and rule of law to a hyped “theorist threat” has destroyed the heart and soul of America herself.
Read MoreThe willingness of people to believe their rulers and the propaganda ministries that serve the rulers is astonishing.
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And Americans think they have freedom and democracy and live under the protection of the rule of law. The law is lost, and with it American liberty.
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