The Macro View: Coronavirus & Dying Sovereign Currencies

We are currently watching the creative destruction and decline of the US empire before our very eyes. In enduring the onslaught of the ongoing COVID-19 coronavirus pandemic, the US is facing “a riddle, wrapped in a mystery, inside an enigma”. What's more, the nation is pulling out all the stops in hopes of making America great again. 

However, there are dark clouds looming on the horizon. unlimited QE, tepid growth, a worsening trade war with China, a possibility of a COVID-19 coronavirus resurgence in the fall, the highest unemployment rate in history, unfunded pension liabilities, deflation, hyperinflation, and the list goes on. With the unprecedented printing of money currently taking place, the average person may now well be asking themself “why should I pay taxes if money can be printed out of thin air”?

Not since Machiavelli, who wrote “The Prince” in the 16th...