Some problems with inflation measures, inequality and social mobility, and further implications.
The FHLB is the latest "weapon" in the government's so-called arsenal to keep the banking system afloat.
Several nations look to develop a gold-based currency to bypass the US dollar. The world shall see after the BRICS nations meet next month how successful they are.
The fiat US dollar is being imperiled by reckless actions by monetary authorities.
US dollar hegemony spreads price inflation and other central banks are doing the same. If the dollar fails, it will be due to self-inflicted wounds. The only solution is good money.
Argentina is one of the world's poster children for hyperinflation. Unfortunately, monetary reforms aren't working because the authorities are not serious about having a sound currency.
The Federal Home Loan Bank (FHLB) is the latest "weapon" in the government's so-called arsenal to keep the banking system afloat. But the system needs much more than just "liquidity." It needs sound money and sound banking practices.
While the faux debt ceiling drama rages in Washington, DC, governments worldwide are defaulting on their debt via inflation.
The fiat US dollar, while still the world's "reserve" currency, is being imperiled by reckless actions by monetary authorities. Other countries are taking notice—and action.
