Retirement Lifestyle Advocates
After the Federal Reserve was founded in 1913, it took the private bankers just one year to begin to issue Federal Reserve notes.
Webster defines illusion as something that deceives by producing a false or misleading impression of reality. That perfectly describes the current economic environment and investing climate.
The recent prosperity we’ve seen in the economy is the result of deficit spending which means it hasn’t been prosperity at all – it’s been a prosperity illusion.
In the not-too-distant future, the Fed will be the ultimate buyer of most US Government debt resulting in a severe stagflationary environment.
The deal to increase the debt ceiling will force the Federal Reserve to fund the majority of future deficit spending, culminating at some point with an ugly economic reset.
With the debt ceiling drama debate now complete, ending as expected with an agreement to continue to operate with monster deficits for the foreseeable future, it’s a good time to discuss how far down the road the collective group of Washington politicians will be able to kick the public debt accumulation can.
The Fed’s two policy options moving ahead will produce a difficult economic and investing outcome for retirees and aspiring retirees.
Rapidly increasing levels of credit card debt had me concluding that Americans were increasingly dealing with rapidly rising consumer prices by resorting to accumulating debt on their credit cards.
The Fed, the central bank of the United States, after increasing interest rates .25% after its last meeting, issued a statement that was a bit different than other, recent statements after the Fed decided to increase interest rates.
Aggressive US sanctions against some countries globally are simply adding gas to the de-dollarization fire, as countries look to establish a permanent alternative to the US Dollar.