Given the way the U.S. government and its central bank have abused the fiat dollar, relentlessly inflating away its value, it appears the Seminole instincts were right.
The abandonment of liberty because fear drives people to trust government promises of safety is a phenomenon we have witnessed several times this century.
On the Money Metals podcast, Mike Maharrey talks with Axel Merk of Merk Investments about the growing gap between government fiscal policy and investor interests.
The rates were held at those levels for too long. A cleansing of sorts has to occur before the economy can build any momentum that reflects real and lasting growth.
