Government Debt Since 1914
The United States stopped backing Dollars with Gold in 1968. That change enabled the US Government to borrow on a scale that was enormous compared with the amounts it had borrowed
Money Creation Since 1914
Congress ended the requirement that the Federal Reserve hold Gold to back the Money it created in 1968. Afterward, there were no longer any constraints on how much Money the Fed
Wealth Bonanza: Risks and Opportunities
There has been an extraordinary surge in Wealth in the United States since the end of 2019. Household Wealth soared by $44 trillion or by 38% between then and the
From Balanced Trade To Globalization
When Money ceased to be backed by Gold five decades ago, our economic system began to function very differently than it had up until then. Capitalism began to evolve into
From Capitalism To Creditism
Capitalism didn’t survive the 20th Century. When Money ceased to be backed by Gold five decades ago, many of the constraints that had regulated economic relations up until then were
Introducing Creditism 101
From today, Macro Watch will begin rolling out a long series of short videos that will explain everything necessary to understand how the economy works in the 21st Century, in
Slowing Income Suggests Economic Weakness Ahe…
A slowdown in the growth of Disposable Personal Income is pointing to economic weakness ahead. Disposable Personal Income growth is slowing and is likely to continue to slow. This is important
Weak Credit Growth May Force The Fed To Cut R…
Total Credit in the United States first exceeded $1 trillion in 1964. This quarter it will blow past $100 trillion. This 100-fold increase in Credit over the last 60 years
Who Will Suffer Most When Chinese Growth Ends…
China is in the midst of its worst economic crisis in decades. The property market, accounting for roughly a quarter of economic activity in China, is facing an oversupply of
Is China Turning Japanese?
The world has become aware that China is experiencing its worst economic crisis in many decades. Many people have begun to wonder if China is “turning Japanese”, meaning that China’s