by Dr. Jeffrey Lewis
Silver Coin Investor
“The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost.” – Ben Bernanke
Modern finance ultimately comes down to managing serious crises and transitions in a way that is profitable for policy makers and elite. The inevitable chaos, like the death of a fiat currency and the return to a real market price equilibrium, is much more dramatic.
History will only report the extremes. But we are now living through “in-between” times, watching it all unfold amid the bungling of sociopath leaders. Economic theory and practice is borrowed extensively from the future.
When we enter a state of economic emergency, the need to keep funding the present eclipses completely any hope for a future.