Central Banks

Ryan and Tho talk about last week's banking panic.

With negative growth now dipping below –5 percent, money-supply contraction is approaching the biggest declines we've seen in the past thirty-five years.

Can national treasuries essentially adopt a permanent wartime footing and print far more money without consequence?

Is the dollar now unbound, as the dominant political tool of the dominant nation? Jeff and Bob take a look at how strong the US dollar really is. 

For nearly three decades, the Japanese economy has slowly imploded under low interest rates and heavy government debt. It may soon be time to pay the piper.

The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality. 

Considering the bond yields have only risen slightly, and that monetary overhang from covid is still huge, it’s difficult to be remotely confident that monetary conditions have been tight.

Ryan and Tho feel obligated to discuss the State of the Union address.

The only reason central banks buy gold is to protect their balance sheets from their own monetary destruction programs; they have no choice but to do so.

Ryan McMaken and Tho Bishop discuss Jay Powell's exercise in Fed-speak this week.