The Fed

The current banking crises have deep roots in US financial history. Monetary authorities have engaged in inflationary behavior for more than a hundred years.

After years of inflationary intervention, the Federal Reserve has no more rabbits to pull out of the hat.

The elite playbook: blame the people so they fight each other.

The most popular measure of economic growth is GDP. However, GDP movement is driven by changes in the money supply, not real economic factors.

Austrian business cycle theory points out that easy money leads to malinvestments. Once easy money disappears, the crash begins. Time to clean up malinvested assets.

While the Fed and the Biden administration try to assure Americans that their banks are safe and secure, the numbers tell a different story.

Despite all of the supposed safeguards to prevent bank failures, banks still fail. Perhaps the so-called safeguards are causing much of the trouble.

As markets settle down after the last set of bank failures, political elites claim the crisis is behind us. But it is not over, not by a long shot.

A central tenet of Keynesian economics is that governments must run budget deficits to stimulate economic growth. But government spending actually shrinks the economy.

A generation ago, the Berlin Wall fell and the USSR collapsed. Today, US monetary authorities are bringing down our own country.