Early Market Update and Why Tax Cuts Are Not a Panacea in a Fiat Money System.
In this report I cover the early market action from London on Friday, October 20th, 2017. I also argue that tax cuts will not remedy the problem of insurmountable debts and unfunded liabilities.
What we the 99% need is a fair interest rate for our saving and a monetary system geared for price stability via limited money supply growth to less than economic growth and increase the fractional banking reserve ratio a few percent a year all the way up to 40%. It is just too much funny money out there right now hurting everyone.