From Saved by the printing press – for now:

“In the three-month period ended 6/11/2020, the Fed balance sheet expanded by 66% as it grew from $4.2 Trillion to $7.2 Trillion. Most of that growth has been the purchase of US Treasuries as the Fed has had to monetize deficits.

If you find yourself wondering how the government can issue this much debt and still maintain ‘full faith and credit’ in the currency then you are not alone.

Who is financing these deficits? The Fed.

The amount of money being created has almost gone vertical.”

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Any doubt about where we’re headed?

“A display of extremely high food prices during hyperinflation” from Rare Historical Photos.

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From Currency devaluation, the most destructive policy of all, the next trick to be pulled out of a hat:

“Devaluation policy sends false price signals into the economy, which leads to more investing mistakes than would otherwise happen.

Keynes wasn’t right about much, but early in his career he was absolutely right about currency devaluation. It is a process that engages all the hidden forces of economic law on the side of destruction, and it does so in a manner that not one man in a million will be able to diagnose.”