Author: Dennis Miller

Don’t Let The Bastards Get You Down!

Guest Post by Dennis Miller at Miller On The Money

Baby Boomers remember Abbott & Costello’s, famous comedy skit, “Who’s on first?”

Grunge.com explains:

“Lou Costello,…appeared lively and fun in his comedy bits, but behind the laughter was a life marred by tragedy.

…. Despite this success,…(he) experienced a darker side of life.

In November 1943, Costello had just returned from a six-month absence from TV. He had been sidelined with rheumatic fever after touring…different army bases. He arrived at the NBC studios…and received the worst news imaginable for a father — his son had died.

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Step Right Up, Place Your Bets

Guest Post by Dennis Miller at Miller On The Money

Fed Chairman Powell is caught in a trap; high inflation, interest on the national debt, a stock market bubble about to burst, while “too big to fail” banks are ready to tumble. Powell is desperately trying to manipulate interest rates to keep everything from falling apart.

Powell said Congress needs, “an adult conversation among elected officials about getting the federal government back on a sustainable fiscal path?“

No matter who is elected, forget “an adult conversation.” The cries for the Fed to “do something” will be overwhelming. No matter what Powell does, we’re all going to feel the brunt of decades of irresponsible government.

I subscribe to Richard J. Maybury’s U.S. & World Early Warning Report. Richard explains:

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This Time IS Different!

Guest Post by Dennis Miller at Miller On The Money

The Economist published an abstract of the book, “This Time Is Different, Eight Centuries of Financial Folly,” by Carmen M. Reinhart & Kenneth S. Rogoff.

They explain:

“Every so often, experts sucker people into bidding up the prices of stocks or real estate because they announce that the economy has fundamentally changed.

When You Hear ‘This Time Is Different,’ Don’t Walk, Run!

Every few decades, the economy’s major players develop bulletproof confidence in the efficiency of markets and the health of the economy. Known as ‘this-time-is-different syndrome,’ this unrealistic optimism afflicts bankers, investors and policy makers…. – a dangerous mix of hubris, euphoria and amnesia – (where) decision makers adopted beliefs that defied economic history.”

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More Than Just Hope – Play To Win!

Guest Post by Dennis Miller at Miller On The Money

Our article, The Impossible Dream outlines how actions of the political class, Federal Reserve and casino-banks are leading our country into extraordinarily difficult times.

Subscriber Mike G. asks a doggone good question:

“When first learning to play chess, I was focused only on protecting my pieces. As my skills progressed it was taking ever longer to defeat me, but I still lost. It wasn’t until I shifted my strategies to “How can I play offense?” that I began to win.

Dennis, how can we go on the offense against the elites – the guys who tell us, “You will own nothing and you will be happy,” while Billy Gates acquires more farmland, moves ever closer to force-feeding us “biologically-engineered” meats?”

Where to start?

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Five Words I Never Want To Hear

Guest Post by Dennis Miller at Miller On The Money

I subscribe to Bonner Private Research. Bill Bonner’s article, The Burden of Memory grabbed me. I felt he was speaking directly to me:

“What should an old man do? What should he be? No longer raising children. No longer a captain of industry nor even a cog in the machine. No longer fit for battle or lead man in a rom-com (romantic comedy). What is his role?

Is it not to remember?”

Bill does a terrific job illustrating how endless wars, government mismanagement, market collapses and inflation have destroyed countries, lives, families and fortunes. He asks:

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Powell Is Caught In A Trap – but – We Don’t Have To Be!

Guest Post by Dennis Miller at Miller On The Money

Fed Chairman Powell has the impossible task of guiding the economy to a “soft landing” – balancing the need to tame out-of-control inflation while preventing a major market crash and recession/depression.

Here’s what is bearing down on America.

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The Impossible Dream

Guest Post by Dennis Miller at Miller On The Money

US debt is out of control; inflation is still rising. Fed Chairman Jerome Powell is tasked with fixing a historic mess. The star is unreachable….

The Glass Steagall Act was passed in 1933. Until its repeal under the Clinton administration in 1999, the Federal Reserve had no “emergency” banking system bailouts. Less than a decade later things blew up, and the Fed went on a historic lending spree, bailing out “Too Big To Fail” banks.

The Fed flooded the banking system with money, increasing their balance sheet nine-fold, to $9 trillion.

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We Can No Longer Afford To Ignore Reality!

Guest Post by Dennis Miller at Miller On The Money

The world is in turmoil. Governments worldwide are ruling against the will of the majority and things are coming to a head.

Richard Maybury tells us:

“There is simply no end in sight to the big Ukraine and Israeli bloodbaths, plus a high likelihood that the power junkies in DC and Beijing will slug it out in order to frighten their populations into staying loyal to them.”

Henry Hazlett adds, “Inflation makes the extension of socialism possible by providing the financial chaos in which it flourishes.”

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Best of Dennis – What Happens When The World No Longer Wants, Or Needs US Dollars?

Guest Post by Dennis Miller at Miller On The Money

Best of Dennis…

Dennis is taking a break to rest, and will be back writing very soon. This article was a follow-up to last week’s Best of Dennis article. Posted originally on September 28, 2023, it is still relevant today.

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What Happens When The World No Longer Wants, Or Needs US Dollars?

Chuck Butler and I recently discussed how government deficit spending, and monetizing the debt has caused a worldwide awakening. Inflation is killing the value of the dollar, and our creditors understand that.

But wait, there’s more! The interview continues….

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Best of Dennis – Push The Handle, Raise The Chain, There Goes The Dollar…

Guest Post by Dennis Miller at Miller On The Money

Best of Dennis…

Dennis is taking a break to rest, and will be back writing very soon. Here’s an article that is worthy of a re-read in these times. This article was originally posted on September 21, 2023.

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Push The Handle, Raise The Chain, There Goes The Dollar…

Since the 2008 bank bailouts, government spending, deficits and debt have hit historic proportions, with no end in sight. US debt was around $9 trillion in 2008, and will soon hit $45 trillion. How can the political class justify such irresponsible, outrageous behavior?

Congresswoman Alexandria Ocasio-Cortez (AOC) (former waitress and bartender) advocates the Modern Monetary Theory (MMT). Investopedia defines MMT this way:

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Fighting The Debt Tsunami

Guest Post by Dennis Miller at Miller On The Money

The US government is spending borrowed money into oblivion; the debts will never be able to be repaid. Whether it is default, Venezuela-type inflation, or both – we’re all going to suffer the consequences.

Chuck Butler recently discussed how inflation, and losing the dollar as the world’s reserve currency, will impact everyone’s standard of living. Some will fare better than others.

Chuck concluded with:

“Get out of debt as soon as you can…. I can’t stress that enough…being debt-free will help keep a roof over your head and some control over your life; you’ll fare much better than someone with big debt and servicing costs….”

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Don’t Get Fooled By Election Year Propaganda!

Guest Post by Dennis Miller at Miller On The Money

Treasury Secretary Janet Yellen is spouting off again, with more political baloney!

Martin Armstrong highlights her recent remarks about IRS funding:

“…. The proposal will redirect $14.3 billion in funds to Israel instead of doubling the IRS, angering Treasury Secretary Janet Yellen, who insists America has money for two wars and a standing IRS army.

…. ‘We cannot let our national security be undermined in an attempt to weaken our efforts to modernize the IRS – efforts which reduce the deficit,…and make sure that wealthy tax cheats pay what they owe.’ Yellen posted to the social media platform, X.”

Armstrong concludes:

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When It Comes To Inflation, The Fat Lady Isn’t Even Close!

Guest Post by Dennis Miller at Miller On The Money

“It ain’t over ’til the fat lady sings” is a phrase that comes from a tendency in operas to end with a heavy-set lady singing an aria. It’s a reference to Valkyrie Brunnhilde’s 10-minute solo that ends Wagner’s Ring Cycle opera.

Sportscasters use the line frequently. One should not presume to know the outcome of the event, even if it appears near its conclusion.

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The Problem Ain’t The Cost Of Money – It’s The Cost Of Stuff!

Guest Post by Dennis Miller at Miller On The Money

New Year’s Eve, 1999 – a special time for Jo and me. We took our motor home to Key West, Florida. We celebrated the magic moment, the turn of a century, in front of (famous Ernest Hemingway hangout) Sloppy Joe’s Bar.

As the conch shell slid down the pipe, people yelled, “10-9-8-7″…until the clock struck midnight. Happy New Year! I kissed my bride and we headed back to the bus (hoping Y2k didn’t fry our computer).

The intimacy of a motor home provides a great opportunity for lots of conversation. 2000 was a personal milestone, I turned 60. Jo and I spent a lot of time reflecting; wondering what the future would bring.

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Why Are Gold Prices Are Jumping Around? Is Gold Really An Investment?

Guest Post by Dennis Miller at Miller On The Money

The 2000 dot-com crash, the events of 9/11/2001 the 2008 bank bailouts turned the investment world upside down. The Federal Reserve injected trillions into the financial system. “Too big to fail” banks were bailed out – not broken up. The negative effects of these decisions have now arrived.

Historic cheap credit-fueled reckless government and private spending, tripling total public and private debt. When lenders wouldn’t lend at stupid low rates, the Fed created money out of thin air, with little regard for the negative consequences.

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Get Used To Making Less

Guest Post by Dennis Miller at Miller On The Money

Each new year brings a myriad of projections about politics, investing, life, global warming and all things in between. I view most as “for entertainment purposes only,” trying not to take them too seriously.

I pay attention to investment pundits who have walked the walk, coupled with a solid, proven track record over a long period of time.

Last spring Motley Fool reported about remarks from legendary investors Warren Buffett and Charley Munger:

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