Much of the West has been mired in a drought stretching back to the beginning of the century—the driest in 1,200 years, according to tree-ring records analyzed by researchers from the University of California, Los Angeles.
History and a look at the world today indicates that “high” inflation eventually leading to a currency crisis is the norm, not the exception. That some years are perceived to be more ruinous to dollar purchasing power than others misses the long term trend, or inevitable conclusion of a debt based monetary system.
Mohamed El-Erian, Bloomberg Opinion Columnist and President of Queens' College Cambridge discusses the dollar's strength, the impact of a Windfall Tax in the UK, and the Fed's path forward.
Newly disclosed documents have shed a crack of light on secret executive branch plans for apocalyptic scenarios — like the aftermath of a nuclear attack — when the president may activate wartime powers for national security emergencies. Until now, public knowledge of what the government put into...