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.

At the end of the day, that’s the greatest central banking sin of all: It has turned the nation’s politicians – including so-called progressives – into Sunday afternoon warriors who are a menace to the nation, and, for that matter, to the entire planet.

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...