by Jon Forrest Little, Money Metals:

“All tyrannies rule through fraud and force, but once fraud is exposed, they must rely exclusively on force.” — George Orwell

With markets in turmoil, it’s becoming increasingly obvious that systemic economic risk is rising. What’s less obvious – at least to most conventional analysts – is that unsound monetary policy is to blame.

A Summary of the Problem

• Federal debt is “guesstimated” to amount to $31.29 trillion.
• Unfunded liabilities (social security and Medicare) are over $167 trillion.
• State and Municipal debt is approaching $5 trillion.
• U.S. debt to GDP ratio is 130%
• The U.S. dollar has lost over 97% of its purchasing power since the Federal Reserve’s creation.
• The U.S. dollar as the global reserve currency is under attack.
• Inflation is at a 45-year high.
• Cold wars are turning hot.

Federal Reserve Chairman Jerome Powell, at present, wants us to think he intends to beat inflation with rate hikes as Paul Volcker did in the early 1980s.