Investing in precious metals 101

Tag Archives: MMT

  • Blog

    The End Of Money

    Prepare for the coming wealth transfer
    by Chris Martenson

    Friday, November 1, 2019, 11:03 PM

    22

    Today we live in a bifurcated economy: it is boom times for some and bust times for others.

    Your personal situation depends largely on how close you fall on the socioeconomic spectrum to the protected elite class, towards which the central banks are directing their money-printing firehoses.

    Why should we care about this bifurcation? History.

    Read More »

  • Insider

    Life Under MMT: A Self-Reinforcing, Inflationary Feedback Loop

    Once it gets started, MMT will quickly destroy the remaining value of fiat currency
    by charleshughsmith

    Friday, October 25, 2019, 5:20 PM

    15

    Executive Summary

    • The siren song of “free money” programs like MMT and UBI
    • Why these are financial “roach traps”
    • The inevitable inflationary end of our current trajectory
    • What to invest in to protect your wealth

    If you have not yet read Part 1: Could Modern Monetary Theory (MMT) Actually Save Us?, available free to all readers, please click here to read it first.

    MMT is a financial Roach Trap — it’s impossible to back out of MMT once it’s launched. The demands for more spending will skyrocket, and there will be no politically viable way to say “no” to additional spending.

    The initial surge of spending will likely be highly successful: as trillions of dollars gush into the economy, spending and tax revenues will leap and the illusion of sustainability will be anchored in the public’s mind and in the media: look, MMT is working just like we said it would! Inflation is still tame.

    Yes, inflation will be tame for a brief honeymoon, as inventories can be drained without raising prices. But once the higher demand races through the supply chain, prices will rise in correlation to scarcity, competing demands, etc.

    One can easily imagine the land rush of special interests and constituencies to demand a new piece of the “free money” pie in this honeymoon phase: “free” medications (at full Big Pharma prices, of course); “free” university (at full tuition, of course); “free” childcare; “free” Social Security increases, and so on in a tsunami of demands.

    Once inflation starts rising, the current rigged methodology of the Consumer Price Index (CPI) will mask it for a time, just as it does now. But eventually, reality will break through the artifice and… (Enroll now to continue reading)

     

    Enroll Now
    Or Sign In with your enrolled account.

    Read More »

  • Blog

    Could Modern Monetary Theory (MMT) Actually Save Us?

    Spoiler alert: no. But that doesn't mean we won't try it.
    by charleshughsmith

    Friday, October 25, 2019, 5:19 PM

    25

    The problem is we’re misallocating capital, resources and labor on a vast scale. That’s the problem.

    Adding more currency and capacity/”growth” via programs like MMT doesn’t fix this problem; it actually makes it worse.

    Read More »