We’re in uncharted territory. Never before have U.S. fiscal and monetary policy been leveraged so heavily to boost an economy that wasn’t even in recession.

Something will break – and it could be the value of U.S. currency. The Federal Reserve Note now faces devaluation pressures on multiple fronts.

With the federal government running a trillion-dollar budget deficit and an election year approaching, fiscal restraint is a dead letter in Washington, D.C. Politicians are fighting over who can promise to borrow and spend the most.

Meanwhile, President Donald Trump is trying to talk the dollar down versus the currencies of China and other trading partners.

Even as Trump vents frustration at the Federal Reserve on a near daily basis for being too tight, the central bank is actually ramping up its monetary easing policies.

They may not call it “Quantitative Easing,” but in September Federal Reserve officials launched a ... Read more »