Markets can stay irrational longer than you can stay solvent.
John Maynard Keynes
Have American legislators and the Federal Reserve
been abusing the dollar’s status as a reserve currency
to avoid overtly raising domestic taxation
by covertly taxing US dollar denominated assets like oil and food,
by over-printing money coincident with masking unintended consequences
by excluding oil and food within core inflation statistics?
If the US utilizes deficit spending and monetary inflation to stimulate economic growth,
should inflation rise even faster in countries with currency pegs
who have to print even more money to keep up with the falling value of the US dollar?
Nations are not ruined by one act of violence,
but quite often, gradually, and almost imperceptibly
by the depreciation of their currency through excessive quantity.
Nicolas Copernicus
Discovered Earth was not the center of the Universe
If more money was withdrawn than invested in US equity products during 2009,
coincident with record new and equity offerings,
amid the least amount of corporate stock buybacks
and the most insider selling in recent history,
where did the assets needed to recover trillions
of US financial market capitalization and borrowings by the US Treasury come from?
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