US Debt is unsustainable
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Gold, Debt, and the Coming Financial Storm
As the global economy edges closer to a potential financial crisis, Weldon’s key takeaway is clear: gold is not just an asset—it is a necessity.
goldseek.com
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Government Spending Is Out of Control! LOL - The Big Picture
Calculation: BEA Table 3.1 Line 20 (Current Expenditures) divided by Table 1.1.5 Line 1 (GDP). Alternatively, Item #2 below divided by GDP. “If you torture data long enough, it will confess to anything.” –Ronald Coase Hey, it’s @TBPInvictus. Let’s delve into a case in point of Coase’s...
ritholtz.com
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Martin Armstrong: The Fed Can't Stop Inflation
Tom welcomes back Martin Armstrong from Armstrong Economics for a discussion on the never ending news cycle. Martin begins by reflecting on the current political landscape, comparing it to the challenges faced during the first Trump administration. Armstrong highlights how President Trump has learned from past mistakes, particularly in assembling a cabinet that is not tied to the "deep state." This shift, Armstrong argues, is crucial for enacting meaningful reforms.The conversation then turns to government waste and corruption, with Armstrong referencing specific examples of misallocated funds, such as support for a transgender opera in Columbia. He emphasizes the importance of transparency and accountability, especially given the staggering levels of debt that governments worldwide are accumulating. Armstrong warns that the current system is unsustainable and that a reckoning is inevitable when buyers for new debt no longer exist.
Armstrong also delves into the global reserve currency status of the US dollar, explaining how its dominance emerged post-World War II. He discusses the manipulation of economic indicators, such as CPI adjustments, to hide the true state of fiscal health. Armstrong's firm has successfully forecasted economic trends and events, including Brexit, by focusing on raw data rather than political narratives.
The interview then shifts to geopolitical tensions, particularly the conflict in Ukraine. Armstrong critiques the handling of the crisis, arguing that it is being used as a diversion from deeper economic problems. He suggests that the war serves the interests of certain European leaders who seek to weaken Russia and strengthen their own power. Armstrong also touches on the potential consequences of tariffs and trade policies under Trump, warning against the risks of contagion in global markets.
Finally, Armstrong offers advice to listeners, urging them to pay attention to developments in Europe and the flow of capital during times of conflict. He emphasizes the importance of understanding global economic trends and avoiding the pitfalls of mainstream media narratives.
Time Stamp References:
0:00 - Introduction
0:34 - Trump & News Cycle
3:18 - Government Waste
7:52 - Leadership & Information
12:12 - Trump & Mkt. Optimism?
18:30 - Resource Deals & Peace
23:10 - Europe Preps for War
30:43 - Capital Flight & War
35:08 - European Basket Case
36:34 - U.S. 'Monetization'
42:53 - Creation of the Fed
47:00 - Fed Can't Stop Inflation
49:12 - A Global Perspective
53:05 - Trump & Tariff Impacts
57:50 - Canada - U.S. Takeover?
1:01:43 - Epstein Honey Trap
1:09:37 - Watch Europe & Ukraine
1:13:20 - Wrap Up
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The Fed can certainly stop inflation.
By stopping the expansion of the money supply.
What the Fed CANNOT do, is make the hard choices that would lead to stopping the expansion of the money supply. Probably the Fed chairman would be removed before he could implement a course of action.
So the Fed chair cannot do it; but that is not the same as the Federal Reserve being unable to do it.
We just have a phalanx of corrupt, weak, craven Elites who hate the nation that has so elevated them, that they'd rather destroy it, pushing the lower classes into the mire first, than cut back on their own growing wealth in returning to responsible monetary and economic policies.
By stopping the expansion of the money supply.
What the Fed CANNOT do, is make the hard choices that would lead to stopping the expansion of the money supply. Probably the Fed chairman would be removed before he could implement a course of action.
So the Fed chair cannot do it; but that is not the same as the Federal Reserve being unable to do it.
We just have a phalanx of corrupt, weak, craven Elites who hate the nation that has so elevated them, that they'd rather destroy it, pushing the lower classes into the mire first, than cut back on their own growing wealth in returning to responsible monetary and economic policies.
They can't stop the expansion now... that's the Rock. The system has to expand or it implodes.