Jim Rickards was interviewed recently by Money Morning, and he presented 8 must-see charts …
1. Bang for the Buck
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:
The velocity of money is collapsing as fast as during the late 1920s … right before the start of the Great Depression (due to bad Federal Reserve policy):
3. Misery Index
The “Misery Index” – unemployment plus inflation – is worse than it was in the late 1970s:
4. Misery Index – Part 2
And worse than it was during the Great Depression:
5. Balance Sheet Leverage
The Fed’s balance sheet has exploded … and the Fed’s debt-to-capital leverage ratio has grown from 22-2 to 77-1:
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