Fed Goal: Destroy 26% Of Dollar’s Buying Power In 15 Years

As Americans warily eye new data showing both consumer and producer price inflation heating up beyond expectations, few of them realize the Federal Reserve has an explicit goal to relentlessly degrade the purchasing power of their savings. The Fed weakens the dollar—and pushes prices higher—by creating…

Greyhound Canada shutting down all bus service permanently

Greyhound Canada is shutting down all of its remaining bus routes in Canada, permanently. The bus company says all of its remaining routes will cease operations as of midnight Thursday. The iconic bus carrier pulled out of Western Canada in 2018.  It then put its remaining routes…

We Cannot Build an Economy on Lies

by William L. Anderson via Mises In a recent issue, Time Magazine boldly declared, “The Free Market Is Dead,” and then added: “What Will Replace It?” Of course, one always can expect Time to be disingenuous at best and dishonest at worst, and as an academic economist, I have come to realize that…

Here’s How ‘Everything Bubbles’ Pop

by Charles Hugh-Smith But weirdly, and irrationally, bubbles pop anyway.   At long last, the moment you’ve been hoping for has arrived: you’re pitching your screenplay to a producer. Your agent is cautious but you’re confident nobody else has concocted a story as outlandish as yours. Your…

Biden’s Stimulus Springs Leaks as March Trade Deficit Explodes to Highest Level Ever

The direct stimulus payments that hit bank accounts across the U.S. in March increased incomes by a record amount—but much of it found its way into foreign coffers, pushing the trade deficit up to the highest level on record. The U.S. international trade deficit rose…