Rethinking the Dollar

Fed Chairman Jerome Powell has dialed back on his statement of inflation is transitory. The supply chain is clogged and the experimentation inside this plan-demic isn't as successful as the Government wants. Greater consumer prices are coming....

The Treasury now estimates that the "drop dead date", i.e., the date at which the Treasury will exhaust all of its extraordinary measures if Congress has not acted to raise or suspend the debt limit, will be October 18. Will they kick the can down the road or let the house of cards burn down?

Two Federal Reserve presidents announce an early retirement following the public acknowledgment of their issues over questionable investment portfolio activity. 

On July 28, 2021, a new bill was introduced in the US House of Representatives. This bill, sponsored by Congressman Don Beyer,) aims to regulate crypto-currencies. But it does more…  The bill is called the “Digital Asset Market Structure and Investor Protection Act”2) (“Digital Asset Bill”). And for the majority, it sets out future rules for crypto. However, hidden in this bill, changes to the foundation of the Dollar are proposed.

Mark Zandi, chief economist at Moody’s Analytics, found that a prolonged impasse over the debt ceiling would cost the U.S. economy up to 6 million jobs, wipe out as much as $15 trillion in household wealth, and send the unemployment rate surging to roughly 9 percent from around 5 percent.

The Global insolvency spillover from the Evergrande crisis is just starting. The Federal Reserve makes things worst by aiming to cut back on accommodative policies at the same time the world needs dollars. There's no way of ever repaying the principle on debt, just buying time paying on the interest.

Today on the M&M show we touched on the metals manipulation and the intentional geopolitical distractions between the US/China. What are they trying to distract us from?

Biden's economic agenda proposes higher taxes while giving financial handouts to the working class. More Taxes and Gov't Handouts Don't Help

China's 2nd largest real estate developer just defaulted. Debt crossed $600B USD. Lehman was liquidated for $600B, also owned by many international banks. Ripple effect soon to come.

The Global Debt Trend Continues As The World Approaches $300 Trillion. China's Evergrande is having a debt issue that will shock the world. At the same time, Biden is looking to add $3.5 Trillion to the National Debt. The common factor in the destruction of the financial system is "DEBT".