All of our economic problems are caused by the Federal Reserve creating the excess of money and credit that produced the bubbles in stocks, bonds, houses and size of government, but doesn’t have to be electronic money made from electronic credit.

No, sirree! You can expand the money supply the old-fashioned way, as it can be money made from plain, old, paper-and-ink! Fire up the presses! Monetary inflation the old-fashioned way!

Perhaps that is why Mark J. Lundeen, market analyst, writes that Currency in Circulation (CinC) can also be an inflationary problem, as “The historical period where the US saw double digit CPI inflation occurred from the mid 1970s to about 1982” which was a time when, “CinC’s annual increase was pegged at 10% during this period. The CPI Index soon followed.” Yikes! Double-digit inflation!

Well, if you are like me, you are wary of references to the ’70s and ’80s since someone

And this, together with the economic disaster that is already out there, only proves the utter, utter failure of the Federal Reserve to ‘preserve the value of the dollar’, which is their freaking mission in life. Morons!

The front of a recent issue of Barron’s asks, “Are Treasury Bonds Safe?” which is actually a really stupid question since every doofus knows that Treasury bonds are perfectly safe because a fiat currency and a lapdog Federal Reserve means that they can print up all the money the Treasury needs with which to pay bondholders!

So… Safe? Hell yes they are safe! You’d think that Barron’s would know that! Jeez! If I had been there at Barron’s, I would have suggested using this week’s cover for what I actually suggested for the cover of the employee newsletter.

At the meeting, I floated the idea of suggesting a splashy cover page with words in blazing red