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No inflation? Even used car prices are soaring
No inflation? Even used car prices are soaring We’ve reached a point now where anyone who can’t see inflation is clearly not paying attention. Inflation has now become so ridiculous that, according to the Wall Street Journal, even the price of a USED car is increasing… by a lot. Since January 2020, NEW car prices […]
Canadian Banks Have an Outsized Impact on Global Fossil Fuel Financing
Canadian Banks Have an Outsized Impact on Global Fossil Fuel Financing We pledged to reduce emissions by 30 per cent by 2030, but will financial institutions undermine this goal? The Banking on a Better Future movement launched April 1. Photo by Joshua Best. When 18-year-old climate activist Naisha Khan wants to start a conversation about how […]
It’s Getting Serious: Dollar’s Purchasing Power Plunges Most since 2007. But it’s a Lot Worse than it Appears
It’s Getting Serious: Dollar’s Purchasing Power Plunges Most since 2007. But it’s a Lot Worse than it Appears Fed officials, economists “surprised” by surge in CPI inflation, but we’ve seen it for months, including “scary-crazy” inflation in some corners. The Consumer Price Index jumped 0.8% in April from March, after having jumped 0.6% in March from […]
US Producer Prices Surge Most On Record
US Producer Prices Surge Most On Record After consumer prices exploded higher yesterday – and were immediately rejected by establishment types as ‘transitory’, despite the market’s obvious disagreement – all eyes were on this morning’s producer prices for signs of more pressure. Many were fearful of a repeat of last month’s debacle delay (and there were rumors […]
What roles for markets and for the state when climate risk is existential?
What roles for markets and for the state when climate risk is existential? Climate system tipping points. From Climate Reality Check 2020 This blog is based on a paper given to the University of Hamburg’s “Unsustainable Past – Sustainable Futures?” conference on 12 February 2021. A video of the presentation is available. In his foreword to our 2018 Breakthrough […]
LBMA misleads Silver Market with False Claims about Record Silver Stocks
LBMA misleads Silver Market with False Claims about Record Silver Stocks In a shocking retraction, the bullion bank dominated London Bullion Market Association (LBMA) has just announced that it has been overstating LBMA silver vault holdings by a massive 3,300 tonnes of silver. This overstatement relates to the total quantity of physical silver bars that […]
Rabo: Please Don’t Make Us Look At The Inflation
Rabo: Please Don’t Make Us Look At The Inflation Markets continue to reel: “Risk crumbles”, says Bloomberg. Why? Because there is a plaintive plea from everyone from the Fed and the Treasury down to simple peddlers of exotic derivatives: please don’t make us look at the inflation! Yes, it’s US inflation-data day – and nobody wants to see […]
The Most Lethal Act that Kills Governments
The Most Lethal Act that Kills Governments QUESTION: Mr. Armstrong. I heard you are the best when it comes to monetary history and systems. I found your comment that it was not the printing of money that created the German hyperinflation but they first confiscated 10% of everyone’s assets. My question is this the only such […]
Jim Grant: The Fed Can’t Control Inflation
Jim Grant: The Fed Can’t Control Inflation Federal Reserve Chairman Jerome Powell insists inflation is “transitory.” As prices have spiked throughout the economy, Powell’s messaging has essentially been, “Move along. Nothing to see here.” Peter Schiff has been saying the central bankers at the Fed can’t actually tell the truth about inflation because even if they acknowledge it’s a […]
Consumers Expect Surging Inflation to Crush the Purchasing Power of their Labor: Fed’s Survey
Consumers Expect Surging Inflation to Crush the Purchasing Power of their Labor: Fed’s Survey And there are some whoppers. Consumers are picking up on the rise of inflation, and the Fed, which has been trying to heat up inflation, is pleased. The Fed watches “inflation expectations” carefully. The minutes from the March FOMC meeting mention […]
Confronted with a Nightmare Scenario – John Rubino 5.8.2021
Confronted with a Nightmare Scenario – John Rubino 5.8.2021 Financial writer John Rubino says there is no easy way out for the financial and political mess the United States has created for itself. Rubino starts with the economic problems and explains, “Now, inflation is starting to spread. . . . Look at lumber. If you […]
Keep It Simple: Gold vs. a Mad World
Keep It Simple: Gold vs. a Mad World Psychologists, poets and philosophers have written for centuries that many who have eyes refuse to see, and many who can think, refuse to think clearly–all for the simple reason that some truths, like the sun, are just too hard to look straight into. Or as others have […]
Weekly Commentary: Generational Turning Point
Weekly Commentary: Generational Turning Point There is an overarching issue I haven’t been able to get off my mind: Are we at the beginning of something new or in the waning days of the previous multi-decade cycle? May 5 – Wall Street Journal (James Mackintosh): “We could be at a generational turning point for finance. […]
Heinberg on what to do at home
Heinberg on what to do at home Preface. A quick summary: Best investment: insulate exterior walls, ceiling, and floors for energy savings. Other good changes were to plant a garden and fruit-and-nut orchard, and buy solar hot water heater, solar food dryer, solar cooker, chickens, energy-efficient appliances Lessons learned: It is expensive, especially energy storage. […]
