INSIDE THIS ISSUE
T he Fed’s nonstop printing press has spurred 2021’s post-pandemic summer spending surge... as stimulus-strapped Americans merrily hop back on the carousel of consumption. But meanwhile, there’s financial blood in the water as the encircling sharks close in... The inflation siren has gone from a whisper to a scream... And the market’s a speculative feeding frenzy. All the while, the Federal Reserve assures us that there’s no reason to worry . But I know better... In my feature story this month, I call out Jerome Powell and his cronies’ runaway case of inflation denial, and detail how the old Wall Street adage of “don’t fight the Fed” has now become “don’t trust the Fed.” Editor-in-chief P.J. O’Rourke has a message for Millennials and Zoomers: Your financial illiteracy is not your fault. So, he’s giving a free lesson in free markets. With bitcoin’s price chomped in half, acclaimed financial author Bill Bonner shares a paramount truth about money – when it can’t keep its story straight, it loses all its value. And in writerly terms, the crypto has no there there. Emmy-winning libertarian journalist John Stossel notes that while some Americans consider capitalism a four-letter word, he reminds us that the U.S. would be far more broken without the free market. Executive Editor Kim Iskyan poses a question... What if the world – the global
economy, businesses, stock markets, governments, everything – just stopped growing? And what if he told you that was for the best? On the topical front, Buck Sexton grapples with the impossible stupidity that is “Defund the Police.” But with the Far Left still married to this ideology, will President Biden divorce himself from this faction of the Democrats before it costs his party the 2022 midterms? If you have any lingering political or medical apprehensions about the COVID shot, Stansberry’s biomedical expert Dave Lashmet is here to say that the corona vaccination numbers speak for themselves. And our man-on-the-inside, CRO X , shares that in this post-COVID economy, people will ignore the ever-growing financial storm on the horizon and party like it’s the Roaring Twenties. I mean, what’s the worst that could happen? Because we couldn’t let the Fed get away that easily, American Consequences writer Andrew Amundson has a searingly satirical take-down of our least favorite central bank in the latest Dunce of the Month. And for all the market skeptics, agnostics, and atheists out there, P.J. O’Rourke synthesizes the sage financial insights of one Milton Friedman. Regards, Trish Regan Publisher, American Consequences
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July 2021
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