The last true safe-haven

Currently the Politicians around the globe are yet another round of print and spend parties using the Covid-19 “pandemic” as their excuse.

Just how bad is the Covid-19 Crisis ?

Covid-19  has prematurely taken 317, 806 lives, mandated quarantine has destroyed countless businesses and left 36.5 million in the United States alone unemployed, as horrific as Covid-19 is it’s dwarfed by other global killers, below I’m comparing the worst of Covid-19 projections to the most recent statistics from the World Health organization on other global killers that the world has endured without putting putting itself into a quarantine self inflected global depression.

Each year respiratory infections kill over 3 million globally, in 2020 hunger related diseases will take more than 6.67 times as many lives as the worst estimates for Covid-19.

Below I’m comparing Covid-19 stats for States with Republican and Democratic Governors

Make of it what you will but it’s clear there is more to this than just another virus that will kill less people globally in 2020 than diarrhea.

What Covid-19 has given both political parties in the U.S. is the justification for another round of multi-trillion dollar deficit spending.

During the first 4 1/2 months of the current financial crisis the Federal Government has increased debt per taxpayer by $70,098 from $149,024 to $219,122, +47.04% . 

During last the financial crisis starting in December 2007 through December 2019  the Federal Government increased the debt per taxpayer by $83,879 from $65,145 in 2007 to $149,024 by 2019, +128.75%.

A 128.75% increase in Federal debt per taxpayer over 12 years is absurd, a 47.04% increase in Federal debt per taxpayer over a 4 and 1/2 months obscene.

3 trillion dollars comes out to $82,192 for every one of the 36,500,000 people that lost their job in the U.S. during 2020.

3 trillion comes out to $26,011 for each taxpayer in the U.S. $26,011 is equivalent to  5.5 months of the average personal income in the US of $56,623.

On the 15th the House passed another 3 trillion in “stimulus” on top of the 3 trillion already spent granted it will be defeated by the Senate but it demonstrates just how little respect U.S. lawmakers have for future generations that will be responsible for this debt.

6 trillion dollars comes out to $164,384 for every one of the 36,500,000 people that lost their job in the U.S. during 2020.

6 trillion comes out to $52,022 for each taxpayer in the U.S. $52,022 is equivalent to  11 months of the average personal income in the US of $56,623.

How is a citizen expected to justify this to their children who will be responsible for paying off this debt?

Debt per taxpayer 1974 though 15 May 2020

During the recession starting in 2007 through 2019 the Federal Reserve had to create $19,719.81 per taxpayer from and backed by nothing to buy U.S. debt paying rates the free market wouldn’t touch.

This reckless spending and creation of money to cover it cost the US it’s coveted AAA rating

In 2011 U.S. debt was downgraded twice the first time from AAA to AAA- with a harsh warning from S&P ratings to control deficit spending and cease creating money to pay for it or face further debt downgrades.

When these warning went ignored the U.S suffered it’s second debt downgrade to AA+, the U.S. now has the same credit rating as Hong Kong and Finland and below Canada, Denmark, Germany, Liechtenstein, Luxembourg, Netherlands, Norway, Singapore, Sweden and Australia.

This will be the first recession in history the U.S. enters without it’s coveted AAA credit rating.

During the first 4 1/2 months of 2020 the Federal Reserve has created another $32,258 per taxpayer or $12,538 dollars more than the $19,719 it created from 2007 through 2019.

When at anytime in history has the creation of money backed by nothing been good for the buying power of that currency? never.

When did the creation of currency backed by nothing reduce the value of that currency? always without exception.

Does the creation of money increase or decrease it’s value against gold

1980, money created, then move in gold

2000, same

2008, same

2020, same

What will be terminal for the U.S dollars against tangible assets like gold.

Prior to 2020 the largest deficit that needed to be funded with borrowed and/or created money was 1.809 trillion in 2009, in 2009  the U.S had a credit rating of AAA, the National debt was 11.723 trillion with a debt to GDP ratio 82.19%

In 2020 the US has more than 4 trillion is deficit spending to fund with yields and a credit ratings that are bar far the lowest in history including the Great Depression.

as of May 2020 U.S. Federal Debt to GDP is 117.34%.

In 2009 the percentage of the total U.S. population of 282,162,411 that was working at the depth of the last recession was 42.80%

In 2020 the percentage of the total U.S. population of 329,170,000 that’s working as of 9 May 2020 was 34.72%.

Maximum employment is considered 157,510,000 by the BLS.GOV, 151,998,000 people working in December 2019 would represent an unemployment rate of  3.50% consistent with the December 2020 report.

115,338,000 would represent an unemployment rate of 23.27% contrary the the last report from the BLS.GOV of 14.70%.  The previous all time high for U.S. unemployment was 24,90% in 1933.



The U.S has the worst credit rating in it’s history
The lowest yields in history, 0.11% for a 3 month to 1.45% for a 30 year.
Upside instrument appreciation potential from lower rates is nearly non existent
Downside instrument risk should rates rise is the worst in history including the great depression.

Currently Foreign Investors own 6.810 trillion of U.S. Treasuries making Treasury prices  susceptible to multi-trillion dollar foreign liquidation should the dollar decline as a direct result of the Fed creating over 3 trillion dollars this year from and backed by nothing to fund unprecedented U.S. deficit spending deficit spending.

The Federal Reserve is represents itself as an independent Central Bank with a charter to protect the integrity of the U.S. economy, financial system and dollar.

Is creating nearly 7 trillion dollars from and backed by nothing consistent with their charter?

Do the facts below sound even remotely independent from the Federal Government?

The members of the Board of Governors, including the Chairman, are nominated by the President of the United States and confirmed by the Senate.

The salaries for the board members and Chairman of the Federal Reserve are set by Congress. In 2019 Congress set Fed Chair J.H. Powell’s annual salary at $203,500 only $73,340 less than the U.S, postmaster general’s annual salary of $276,840.

The Federal Reserve unlike the U.S. postal service that loses nearly 4 billion a year makes money. Prior to “Economic Stimulus” and “Quantitative Easing” (2008) the Federal Reserve had an average annual net income of 28.40 billion per year.

Since “Economic Stimulus” and “Quantitative Easing” their average annual income has jumped by 165.90% to 75.52 billion per year.

Unfortunately for the U.S.’s “Independent” Central Bank they have to forfeit all their profits to their boss the U.S. Treasury.

From 2008 through 2018 the Federal Reserve remitted over 830.7 billion in profits generated by the Federal Reserve to the U.S. Treasury.

The only reason the Federal Reserve represents themselves as a “private” Central Bank is to negate the normal audits that are required by other of Government agencies.









There is more to this than Covid-19






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Asset Investment Management

Family Office, Advisors