The Charts Show What’s Really Going On
Jim Rickards was interviewed recently by Money Morning, and he presented 8 must-see charts …
The bang for buck has plunged in terms of how much stimulus federal spending has on the economy … going from $2.41 per dollar spent in the 1950s and 60s to 3 cents per dollar now:
Of course, the government has been spending money on the wrong things … which don’t really stimulatethe economy.
The velocity of money is collapsing as fast as during last 1920s … just prior to great depression (due to bad Federal Reserve policy):