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Rabobank: Does The Fed Have The Intelligence To Prevent A Collapse
Rabobank: Does The Fed Have The Intelligence To Prevent A Collapse You came in like a wrecking ball “There was nothing that I or anyone else saw that indicated a collapse in 11 days.” At some point ahead, if the Fed announces QE tapering at the September FOMC meeting –despite an evident economic slowdown, no […]
Food Stamp Increase Means Higher Food Prices For All
Food Stamp Increase Means Higher Food Prices For All With the stock market banging out new record highs each day and so many jobs available, it is odd the Biden Administration feels the need to boost the Supplemental Nutrition Assistance Program, or SNAP by 25 percent. This constitutes the largest single increase in the program’s […]
A Look Back at Nixon’s Infamous Monetary Policy Decision
A Look Back at Nixon’s Infamous Monetary Policy Decision Putting the World on a Paper Standard Half a century ago one of the most disastrous monetary policy decisions in US history was committed by Richard Nixon. In a television address, the president declared that the nation would no longer redeem internationally dollars for gold. Since the […]
Central Banks Are Now in the Endgame
Central Banks Are Now in the Endgame Central bankers were handed the Midas curse half a century ago. Midas turned everything that he touched into gold– even his own food. Exactly 50 years ago (15 Aug, 1971) central bankers were handed a much worse curse by Nixon. But instead of turning everything into gold, their […]
Today’s Contemplation: Collapse Cometh XXIX
Today’s Contemplation: Collapse Cometh XXIX Tulum, Mexico (1986) Photo by author Today’s contemplation was prompted by an email my mum sent me. As she closes in on 80, I find that she’s becoming a bit more open-minded about things but remains somewhat of a skeptic when it comes to global warming/anthropogenic climate change. We periodically […]
A Global Liquidity Crisis Is Underway
A Global Liquidity Crisis Is Underway I’ve been analyzing currency wars for years. In fact, I’ve written a book called Currency Wars, so I have some expertise in the subject. A new front in the currency wars is emerging, but it has not yet erupted into blatant currency manipulation. That will probably come in early 2022. […]
Why the Global Economy Is Unraveling
Why the Global Economy Is Unraveling Global supply chain logjams and global credit/financial crises aren’t bugs, they’re intrinsic features of Neoliberalism’s fully financialized global economy. To understand why the global economy is unraveling, we have to look past the headlines to the primary dynamic of globalization: Neoliberalism, the ideological orthodoxy which holds that introducing market […]
Buying our way out of pandemic malaise is hurting the planet, experts say
Buying our way out of pandemic malaise is hurting the planet, experts say Some say the emphasis should be on well-being rather than economic growth People line up to shop in Toronto. As COVID-19 cases eased in recent months, provinces have relaxed restrictions and encouraged people to spend again. But the emphasis on economic growth […]
Inflation Is Winning, and Here’s Why the Fed Seems Content To Let It Happen
Inflation Is Winning, and Here’s Why the Fed Seems Content To Let It Happen Photo by cottonbro The U.S. Treasury publishes its balance sheet annually. The most recent, for fiscal year 2020, is so egregiously out of whack it might be hard to wrap your head around: Total Assets: $5.95 trillion Total Liabilities: $32.74 trillion Net Position (total […]
Supply-Chains Brace For Collapse: Port Of LA Fears Repeat Of “Shipping Nightmare” As China Locks Down
Supply-Chains Brace For Collapse: Port Of LA Fears Repeat Of “Shipping Nightmare” As China Locks Down Yesterday we reported that with container shipping rates already blowing out to never before seen levels amid continued chaos in Transpacific shipping as a result of massive port backlogs and production delays in China due to the relentless onslaught of the […]
Peter Schiff: When It Comes to Inflation, We’re Just Getting Started
Peter Schiff: When It Comes to Inflation, We’re Just Getting Started The July Consumer Price Index (CPI) data came out this week. For the first time, the numbers were in line with expectations, leading many mainstream pundits to declare “transitory” inflation is already starting to cool down. Peter Schiff broke down the report in his podcast. He […]
More Money Doesn’t Mean More Wealth
More Money Doesn’t Mean More Wealth Photo by Shane The Federal Reserve has targeted a 2% inflation rate for years, as though it’s a holy grail. As though 2% inflation was an economic panacea that would perfectly balance employment, business investment and bank lending. Recently, the Fed has loosened the reins on inflation and let it […]
The Real Agenda – Part III
The Real Agenda – Part III COMMENT: Hello Mr Armstrong, In regards to your comments on “The-Real-Agenda-Reply”, I’d like to make a remark to where you said that Russia and China will defend their people; I wish that your statement were true but unfortunately, looking at their vaccine policies, either country seems to have the least […]
Plunging Crop Supplies Send Prices Soaring And Reignite Food Inflation Fears, WASDE Reports
Plunging Crop Supplies Send Prices Soaring And Reignite Food Inflation Fears, WASDE Reports The U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates (WASDE) report was released Thursday afternoon and pointed to declining grain supplies that sent grain futures prices higher and will keep food inflation in focus. The closely watched supply and demand report slashed estimates for corn […]
A Look Back at Nixon’s Infamous Monetary Decision
A Look Back at Nixon’s Infamous Monetary Decision A half century ago one of the most disastrous monetary decisions in U.S. history was committed by Richard Nixon. In a television address, the president declared that the nation would no longer redeem internationally dollars for gold. Since the dollar was the world’s reserve currency, Nixon’s closing of […]
