America Is Marked by Health Emergency, Social Unrest
By Bill Bonner
Posted December 30, 2020
You’ll remember our dictum: ‘When the money goes, everything goes.’ Huh? You wonder. What’s this got to do with money? Isn’t this just about racism and police brutality? In short, we wish.
The monetary foundation of the U.S. (the Federal Reserve balance sheet) began the century at only $674 billion. That is where it had gotten since the Fed was set up in 1913. Now, it is $7.1 trillion, and it’s headed to $10 trillion by the end of the year.
And now, every crisis, every calamity, and every disaster, caused by the feds themselves, will be met with more money-printing…and more war. The war on terror…the Mortgage Finance Crisis of ’08-’09…the war on COVID-19 …
Each time, the feds go back to doing the only thing they know how to do…the only thing that increases their power and enriches their friends — running the printing press. And each time, they make the situation worse. More…