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Investors Should Beware Money Destruction

Posted August 15, 2023

This week Macro Watch examines the liabilities of five large central banks to explain how central banks create Money to pay for the assets they acquire, as well as how

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Great New Books Network Podcast Interview

Posted August 7, 2023

The New Books Network recently invited me to be a guest on their podcast to discuss my latest book, The Money Revolution.   This turned into a really interesting conversation that doubles

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Global Liquidity Is Tightening: Expect Troubl…

Posted August 1, 2023

Global Liquidity is tightening. The new Macro Watch video demonstrates this by examining the balance sheets of the Federal Reserve, The European Central Bank, The People’s Bank Of China, The

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Liquidity’s Tightening. Watch Out!

Posted July 12, 2023

One of the main themes of Macro Watch is that Liquidity Determines The Direction Of Asset Prices. This week Macro Watch shows that Liquidity is contracting again and explains why Tightening

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Higher For Longer Interest Rates May Rattle M…

Posted June 29, 2023

This week Macro Watch examines the most recent trends in Credit Growth. It focuses on two important developments revealed in The Financial Accounts Of The United States for the first

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The Indispensable Dollar Standard Will Not Be…

Posted June 14, 2023

We frequently hear that the US Dollar will soon lose its status as the world’s leading international reserve currency and that The Dollar Standard will soon come to an end.

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Lending Slowdown Suggests Rate Hike Pause

Posted May 26, 2023

Fed Chairman Powell has said that the recent turmoil in the banking sector is likely to cause bank lending to slow; and that slower bank lending, should it occur, would

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Download My Speech To Members Of Congress

Posted May 16, 2023

On February 27th, I delivered a speech titled “How to Finance the Next American Century” before 15 members of the House Ways and Means Committee in Washington.  As in my book, The Money

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BBC World Business Report Interview on the De…

Posted May 10, 2023

Tonight, I discussed the US Debt Ceiling Crisis on the BBC’s World Business Report. I suggested that the Republicans in Congress are pursuing the wrong policy and the wrong approach

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Debt Ceiling Austerity: A Recipe for Stagnati…

Posted May 9, 2023

Republicans in Congress are once again insisting on a return to Austerity in exchange for lifting the country’s debt ceiling. Austerity can only lead to economic stagnation and national shame

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