…………..the Fed and Both Aisles Ruined America
With gold no longer an austerity anchor, the Fed and both aisles of government have brought America to this point – call in the Screw Worm!
Pardon the mostly non-market related post. But it’s something I’ve wanted to put in writing for a long time. The Fed is at the controls of the inflation-making machinery in the US (as are global central banks in their own countries).
Inflation does not just appear, as if by some mystical financial mechanism. Inflation is produced with the ease of firing up the printing press. More dollars + finite assets = asset prices rising in those inflated dollars. Not rocket science.
(more…)

