Search Results for: petrodollar

For decades we were warned that someday our politicians would push things too far.  We were warned that someday our national debt would spiral out of control, servicing that debt would become extremely oppressive due to soaring interest rates, existing bonds would crash thanks to the shift in interest rates, and foreign sources would start … Read more

It is happening again.  All over America, borrowers are getting behind on their payments.  In particular, subprime borrowers are having a very difficult time paying the bills.  Does that ring a bell?  That should, because the last time we witnessed anything like this was during the last financial crisis.  When things start to go bad, … Read more

For decades, the U.S. dollar was the undisputed king of global currencies, but now dramatic changes are happening.  China, Russia, India, Brazil, Saudi Arabia and other nations are making really big moves which will enable them to become much less dependent on the U.S. dollar in the years ahead.  This is really bad news for … Read more

Is your job safe?  Right now, we are witnessing so much turmoil is so many different sectors of our economy.  The housing market is crashing, the cryptocurrency industry has imploded, the tech industry is laying off workers at an extremely frightening pace, and some of our most important retailers are heading into bankruptcy.  The information … Read more

People often wonder why I get so upset about inflation.  Well, the truth is that there are many reasons, but one of the big ones is because it destroys the middle class.  This has been true for a long time, but here in 2022 prices are rising at a far faster rate than most of … Read more