Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force
  • Dick Young’s Safe America
  • Bank for International Settlements

The Destruction of Money

September 10, 2013 By E.J. Smith - Your Survival Guy

If you think the Federal Reserve’s struggle with its tapering problem is bad, stay tuned because you ain’t seen nothing yet. Take a look at my chart series below and in a matter of seconds you get a feel for exactly what the Fed has done for the stock market. There isn’t a shade of doubt about the direct correlation between the advance in the Dow Jones Industrial Average and the expansion of the Fed’s balance sheet.

Slide1

The advance in stocks undoubtedly provides investors with a false sense of security. But when I walk around downtown Newport, RI it doesn’t feel like a vibrant economy to me. I know my observation is anecdotal but when I talk to clients around the country they give me a similar response about their own businesses—about flat year-over-year. And yet one truism is that our expenses seem to always go up.

What’s truly unsettling about this next chart is that we’re dealing with record low velocity of money. Wait until velocity picks up. If you think the Fed has painted itself into a corner so far then you ain’t seen nothing yet. Make sure you have a plan in place to deal with the coming destruction of money. It doesn’t have to be your undoing.

Slide2

 

Related Posts

  • Trump on the Money
  • Millennials: Time is Money
  • Big Money, Big Costs
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Your Social Life During the Pandemic and MORE - March 5, 2021
  • Secession: Impossible? Not if You Think Locally - March 4, 2021
  • Richard Young Reports: The Great Money Explosion and Disasters - March 3, 2021

Dick Young’s Must Reads

  • The Butterfly Effect and Chaotic Markets
  • Robo-Advisors: When You Have a Lot More to Lose than Money
  • Hillsdale College: What College Is Meant to Be
  • Boom—Your Life Changes
  • The Worst President in American History, Part I
  • America’s States Rights Revolution
  • Richard Feynman Solved the Space Shuttle Disaster Mystery
  • The Armed American Family: Part I
  • You Need to Seek Some Shelter for When Things Get Ugly
  • Progressive Liberalism Has Dragged America near Ruination

Disclosure

RSS Youngresearch.com

  • Your Social Life During the Pandemic and MORE
  • Good Timing? Virgin Galactic Shares Tumble After Chairman Sells Shares
  • Do You Remember When You Purchased Your First Home?
  • Which Fossil Fuel Wins in a Shift to Renewables?
  • Richard Young Reports: The Great Money Explosion and Disasters
  • Fidelity’s 26 Million Retail Accounts in 2020, Up 17%
  • You’re Rich When You Invest Like Croesus
  • Joel Kotkin: Economic Civil War
  • Depositors in Europe Now Being Charged by Banks
  • Teaching A Family Investment: Warren Buffett’s Annual Letter and You

MAP: Track the States With No Mask Mandates

Remind Us Why Washington Needs to Spend $1.9 Trillion

Your Social Life During the Pandemic and MORE

Hidden Agenda: Bill Gates’s Ulterior Motives

Does the Left Think Black Kids Are Too Dumb to Learn Math?

Secession: Impossible? Not if You Think Locally

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives