Despite Our Own Inflation, the Dollar Dominance Takes Down the Yen and Euro
Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD.
Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD.
Just like the USA, Mexico is being hit with high inflation. This should surprise no one, given the Mexican government's recent economic policies.
The relative lack of inflation in Japan doesn't mean real wages haven't fallen.
The relative lack of inflation in Japan doesn't mean real wages haven't fallen.
The relative lack of inflation in Japan doesn't mean real wages haven't fallen.
Peter Schiff once joked that Obama should have appointed Bernie Madoff secretary of the Treasury. The government's easy money policies ultimately lead to Ponzi schemes.
Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash.
Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices.
By late 2021, fueled by trillions in newly printed money, gasoline prices had surged to ten-year highs. Now, even in inflation-adjusted terms, gasoline prices are surging to new highs.
The buzz in Washington is that the Fed is "fighting inflation." But this is like an arsonist fighting the fire he started.