The Cost of No Cost

If an institution gains monopoly power to create currency and credit “at no cost,” the unspoken yet inevitable cost of such power will be the destruction of said currency. The Fed made a deal with the devil many decades ago, and the devil will have his due. Powell will ultimately call off his half-hearted fight against inflation in an emergency attempt to reflate a dying economy … and the devil will have his due.

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At least someone else agrees, and it’s a recognizable person of merit: David Einhorn.…

I’m in total agreement with regard to the FED is bluffing.

The dollar is appreciating. There will be a tipping point as rates rise and the dollar continues to appreciate commodities will fall badly.