Thursday
Another excellent article explaining the destructive path that ‘the Fed’ is on. From the desk of Dickson Buchanan, VP of Marketing at Monetary Metals…
Our present moment is precarious. Like it or not—we don’t—we live in the age of Central Banks. And as we witness, and alas participate in, the global drama to create or destroy wealth, there is a great and tragic irony at work.
On the one hand the rhetoric we hear from Fed Chairman Jay Powell and others of the central planning class that they are committed to doing what is necessary to save the economy and contain inflation. On the other hand, their primary weapon tool for accomplishing that agenda is raising the interest rates.
The irony!
In order to save, they destroy. In order to contain, they unleash. In order to stabilize, they destabilize.
It would be comedic, if it wasn’t so tragic.
Read it all HERE (well worth your time)