How to escape the failure of the welfare state

All around the world, politicians are realising that they can’t afford welfare programs. But none have the courage to cut anything. So, what happens next?

All Eyes on an Irrelevant Fed

The Fed dominates headlines, but James Rickards argues its power is more illusion than reality. Real money creation happens in the banks, not at the Fed. And when U.S. rates fall, it’s not stimulus — it’s a recession warning. For UK investors, the lesson is clear: don’t watch the Fed’s theatre. Watch the markets that will shape your pension, your gilts, and your savings.

It's a Trap

Thanks largely to the EZ money era wrought by America’s funny money, the world’s reserve currency, feds everywhere spend too much money. Economies adapted to the cash flow.