Bill Holter’s Commentary
Mr. Macleod proves out Sir Richard Russell’s “INFLATE OR DIE”!
Irrational Fears Of Deflation
January 23, 2020
The benefits of a deflation of prices brought about by a combination of sound money and markets free from government intervention have been demonstrated to be the best economic environment, the denial of which in favour of inflationary financing has led to repeated monetary and systemic failures.
This article explains how this has come about and puts the record on deflation straight. The development of macroeconomic theory had to deny the benefits of a deflation of prices, unbelievably telling us we need higher prices to stimulate our consumption.
Deflation and investment funded by savings is a far better, natural economic environment than the false gods of easy debt and money printing. There can be no return to the stability of gentle price deflation without seismic shifts in economic thinking and government responsibilities.
Inflate and Die – Stock Collapse And Gold Surge Imminent
January 30, 2020
“Inflate or die” was coined by the legendary and extremely wise Richard Russell of Dow Theory Letters. He understood the necessity, as well as the curse, of permanent central bank money printing already at the beginning of this century. Richard died in 2015 so sadly he didn’t live to see how right he was.
After three decades of massive money printing and credit expansion, “inflate or die” has artificially kept the world economy going. But we are now in the 2020s moving in to the next stage which will be INFLATE AND DIE. Because, as stock and credit bubbles implode and money printing accelerates, the world will soon realise that not only is the freshly printed money worthless but also most of the manufactured money from the last 20 years.
DAVOS – WEF 2020
But before we look at the consequences of inflate and die, last week 117 billionaires just attended a Weather conference in Davos. They were joined by another 2,900 CEOs, political leaders, climate activists and other self-important people. It is quite surprising that so many “important” people get together to talk about the weather. With Swedish Greta (not Garbo) telling everyone “how dare you, the entire eco-system is collapsing, people are dying” etc., not just every Davos VIP but also all major central bankers must now have a green agenda. For example, Lagarde the ECB Chief has made a strategic review of the bank’s purpose and stated that action on climate is a fundamental component of monetary policy. Climate change action will be a “mission critical” priority for the ECB. Would be better if she realised the EU financial system is a mission critical priority rather than getting involved in controlling temperatures.
Bill Holter’s Commentary
This only makes sense if you have a short circuit going on between your ears…
House to Vote on Bill Forcing Non-Union Members to Pay Union Dues
February 4, 2020
WASHINGTON—The U.S. House of Representatives will vote this week on a sweeping bill backed by organized labor that would reverse so-called right-to-work laws in 27 states and require non-union workers in unionized professions to pay union dues as a condition of employment.
Labor-related issues have been receiving attention lately as Democratic presidential candidates jockeying for support in primary season join striking workers on picket lines.
Democratic lawmakers say the legislation, which is fiercely opposed by business groups like the U.S. Chamber of Commerce, is needed to help workers.