Juzuth

M2 Money Supply has tripled since 2008 and the dollar has lost 38% of its purchasing power. Anyone see a relationship here?

The gold standard worked because it made every government deficit a direct assault on the nation's money supply—and markets punished politicians immediately for their fiscal recklessness. Under gold, when Congress spent beyond tax revenues, the Treasury had to borrow real money from real savers. No magical money printing. No Federal Reserve buying government bonds with newly created dollars. Politicians faced the same constraint as every household: you can only spend what someone else saved first. And foreign creditors could demand gold redemption at any time, creating an automatic brake on inflationary spending. The mechanics were beautifully simple. Britain's pound sterling maintained its gold parity for over 200 years because the Bank of England raised interest rates whenever gold flowed out of the country. Higher rates attracted foreign capital and made domestic credit scarce—forcing the government and private borrowers to compete for the same limited pool of savings. Deficit spending meant crowding out private investment, and voters saw the immediate consequences in higher borrowing costs. You can see this discipline in action during the Panic of 1893. Cleveland's administration faced massive gold outflows as investors lost confidence in America's fiscal position. Instead of printing money, Cleveland arranged private gold purchases from J.P. Morgan and European bankers—paying market rates for the privilege. The federal budget had to balance because the alternative was national bankruptcy and gold standard abandonment. Modern economists call this "barbarous" because it prevented their beloved countercyclical spending. Damn right it did. Politicians couldn't promise infinite benefits funded by invisible taxes on savers. Every war, every welfare program, every government expansion required convincing actual people to lend their actual savings.

🚨 “If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST…” - President DONALD J. TRUMP

There goes housing: New Home Sales 587K, Exp. 722K, down 17.6%

Trump's Director of National Counterterrorism Kent resigns: "I cannot in good conscience support the ongoing war in Iran. Iran posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby."

"EU Savings & Investment Union Can Be Ready This Year" Ireland's finance minister has said. Harris believes a deal is possible by end-2026, with Ireland pushing hard during its EU presidency. It will unlock massive growth for EU companies with increased investments. 🇪🇺

Ostend, Belgium in the late 1800s and today This is architectural terrorism