federal reserve

What Does the End of the Petrodollar Mean?

What Does the End of the Petrodollar Mean?

The Saudi minister of finance announced that the Kingdom was ending the petrodollar. “There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal”. Yikes!

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The Fed Puts the Hurt on Uncle Sam

The Fed Puts the Hurt on Uncle Sam

Hopefully, the Fed will reconsider its rate hikes (which are incapable of curtailing supply-driven inflation) by taking pity on the federal government which is starting to share in the pain of indebted Americans everywhere.

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Money Doesn’t Grow on Trees

Money Doesn’t Grow on Trees

Hopefully, the US soon will realize that real money doesn’t grow on trees! MMT is an unhinged theory that acts to undermine the confidence people have in the integrity of the US dollar.

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