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The Nomad Economist
Premiered Mar 12, 2022
With the national debt officially at $32 trillion and the additional “missing” $21 trillion discovered by Economics Professor Mark Skidmore at Michigan State University in 2017, you have a huge amount of debt and dollars floating around.
The only thing still holding up the Dollar is its universal use as a contract settlement mechanism in Russia and China and everywhere else, and that simply is not happening anymore.
“The global over-indebtedness has clearly restrained growth,” “A quick and dramatic shift toward greater accommodation by the Fed could begin to shift momentum from contraction toward expansion.”
The more the central banks print, the less the value of the currency. It’s inflation, but also the return on each Dollar invested goes down too. This is why fiat money printing will ruin itself. It’s the snake eating its tail.
The Fed is determined to produce inflation, the Dollar’s going to fall, and this will exacerbate the stock bubble, with stocks going through the roof.
That’s how it happened in Zimbabwe when their Dollar was weakened. Their stock market soared!! Now the U.S. Treasury (via the N.Y. Fed) is instructed to intervene directly and unilaterally to drive the U.S. dollar lower, much lower.
So the U.S. stock market will soar (because inflation will make corporate profits “look better,” but it will be a mirage) … the better place to be is in gold and silver!!
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The Fall in the value of the U.S. Dollar will be accompanied by the creation of more paper Money without value via Financial Assets increasing in value.
There ultimately is no substance to Asset values, so when money eventually d**s. So do asset values.
While prices for debt rose (and rates fell), for every dollar borrowed, two dollars in wealth came into being: ONE cascaded through the GDP economy when it was spent. A SECOND came into being as an asset, a “receivable” on the bondholder’s balance sheet. Two for one!
What genius thought of it! It was an artifact of a bond bull market, one that by all appearances ended in 2016.
https://www.youtube.com/watch?v=TN9YxWiEunQ
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