Hyperinflation Watch
The government spends more money than it is receiving in taxes, which forces it to borrow. As these deficits grow, they eventually exceed the market’s capacity or willingness to lend money to the...
View ArticleHyperinflation Watch
If the US government cannot attract enough savings to meet its borrowing needs, it has to 'print' the dollars it wants to spend, which is of course what quantitative easing is all about. But this...
View ArticleHyperinflation Watch
The US Treasury has taken another step on the road leading to hyperinflation. It announced that it will borrow $200 billion and leave this money on deposit with the Federal Reserve. The announcement...
View ArticleHyperinflation Watch
Hyperinflation results when a country’s central bank turns government debt into more currency than is demanded in economic activity. It is unfortunately impossible to measure precisely the demand for...
View ArticleHyperinflation Watch
Inflation is coming back. In fact, it never really left, although there was a brief moment after the Lehman Brothers collapse when it appeared that the dollar would slip into a deflationary collapse....
View ArticleHyperinflation Watch
So despite the fact the Fed will be purchasing $600 billion of US government debt instruments, T-bond and T-note yields are climbing, a clear sign that investors are rushing to sell their US government...
View ArticleHyperinflation Watch
The rise in commodity prices over the past several months has been unrelenting. Equally unrelenting has been the stream of central bank apologists aiming to re-direct the blame for soaring prices to...
View ArticleHyperinflation Watch
In the first two months of the current fiscal year that began on October 1st, the US national debt has grown $320 billion. That is $21 billion more than the same 2-month period last year, which...
View Article“Bankruptcy 1995” Revisited
In 1992 a book entitled “Bankruptcy 1995: The Coming Collapse of America and How to Stop It” hit the nation by storm. Written by Harry Figgie, a prominent businessman who had built a Fortune 500...
View ArticleHeading Toward Another U.S. Government Default
“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” Ernest Hemingway, The Sun Also Rises, 1926. The financial position of the federal government of the United...
View Article
