Stages of Wealth Creation

Jason Hartman says that the beginning stages of wealth building are like a space shuttle take off. You’ve got to stock up on debt—quality, fixed rate, long-term, investment grade debt. Debt that’s attached to hard commodities in universal demand. These are the booster...

The new (un)reality of American banks

What the Federal Reserve is doing to banks will end badly. It always does. We’re talking about creating “money” from thin air or, in other words, the Fed is now paying banks in reserve balances, which aren’t really balances at all, but rather numbers...