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Three Major Threats to Life on Earth That We Must Address in 2021
Three Major Threats to Life on Earth That We Must Address in 2021 Pulp Mills on a December night, Wauna, Oregon. Photo: Jeffrey St. Clair. Large parts of the world—outside of China and a few other countries—face a runaway virus, which has not been stopped because of criminal incompetence by governments. That these governments in […]
Economic and Monetary Outlook For 2021
ECONOMIC AND MONETARY OUTLOOK FOR 2021 The most important event in the new year is likely to be the Fed losing control of its iron grip on markets. The dollar’s declining trend is already well established against other currencies and commodities, leading to this outcome. Events in 2021 will be the consequence of a developing […]
Waiting For the Last Dance
WAITING FOR THE LAST DANCE The Hazards of Asset Allocation in a Late-stage Major Bubble Executive Summary The long, long bull market since 2009 has finally matured into a fully-fledged epic bubble. Featuring extreme overvaluation, explosive price increases, frenzied issuance, and hysterically speculative investor behavior, I believe this event will be recorded as one of […]
Paper Dollars in Circulation Globally Spike amid Hot Demand. But a Mexican Bank, after Run-ins with the US, Can No Longer Unload its Hoard of Paper Dollars
Paper Dollars in Circulation Globally Spike amid Hot Demand. But a Mexican Bank, after Run-ins with the US, Can No Longer Unload its Hoard of Paper Dollars Triggering a showdown — Government of Mexico v. Central Bank — over paper dollars, with ramifications in the US and globally. The amount of “currency in circulation” – […]
GEOPOLITICS & EMPIRE INTERVIEW: The Energy Cliff, Green Energy Myth, Gold, Crypto, & Mad Max Future
GEOPOLITICS & EMPIRE INTERVIEW: The Energy Cliff, Green Energy Myth, Gold, Crypto, & Mad Max Future With the world heading into deeper troubles in 2021, I sat down and chatted with the folks at Geopolitics & Empire. In the interview, we discussed the impact of the coming ENERGY CLIFF on the global economy and markets. […]
US Dollar as “Global Reserve Currency” amid Fed’s QE and US Government Deficits: Dollar Hegemony in Decline
US Dollar as “Global Reserve Currency” amid Fed’s QE and US Government Deficits: Dollar Hegemony in Decline Other options also shaky. Central banks leery of Chinese RMB, its share still irrelevant. Euro’s share is stuck. But the yen’s share has been rising. The US dollar’s position as the dominant global reserve currency is an immensely […]
‘Tis The Season For Bankruptcies, Store Closings And Tent Cities…
‘Tis The Season For Bankruptcies, Store Closings And Tent Cities… We need to make 2021 a year of hope, because right now there is more economic suffering in America than we have seen since the Great Depression of the 1930s. More than 100,000 businesses have permanently closed down since the pandemic began, many of our […]
Merger Mania Is Transforming Canada’s Oil Scene
Merger Mania Is Transforming Canada’s Oil Scene Canada’s oil landscape looks encouraging for 2021 as Whitecap Resources Inc. acquires two oil and gas companies in addition to mergers between other energy companies, with anticipated growth through the coming year as demand for energy steadily increases. In November, Whitecap Resources announced a plan to acquire rival company […]
This is a Recipe for Hot Inflation in 2021
This is a Recipe for Hot Inflation in 2021 Get ready for a tsunami of liquidity to hit the financial system. President Trump has already signed a COVID-19 stimulus bill that will give $600 to most Americans. The House of Representatives has since passed a bill to increase the amount to $2,000. So that’s a […]
The Year Ahead: U.S. Faces Uncertain Economic Future
The Year Ahead: U.S. Faces Uncertain Economic Future You’re standing in the back yard, filling up a wading pool for the kids with a garden hose. If you turn the hose off, the pool stops filling. Allow enough time, and the sun evaporates the water. Over the course of the summer, the water slowly dries […]
Who is Behind it Central Bankers & Can the Dollar Survive?
Who is Behind it Central Bankers & Can the Dollar Survive? QUESTION: Are the central bankers really behind this digital currency? Will that end the dollar as the reserve currency? Thank you for sharing your experience. HV ANSWER: No the central bankers are NOT the instigators. It was Christine Lagarde who when at the IMF was threatening counties they would be […]
Plus ça change: A French Lesson in Monetary Debauchery
Plus ça change: A French Lesson in Monetary Debauchery Fiscal policy shifted into turbo-charged, warp speed, overdrive early into the COVID related recession. To facilitate the borrowing binge, the Federal Reserve took unprecedented monetary actions. In 2020, the fiscal deficit (November 2019- October 2020) rose $3.1 trillion and was matched one for one with a […]
This Time Is Not Different. More Debt, Less Growth
This Time Is Not Different. More Debt, Less Growth I remember that in 2009 three messages were constantly repeated: “In this crisis measures are different, because governments are investing in the recovery by increasing public spending,” “the funds from stimulus plans will strengthen the recovery “and “central banks help a stronger recovery by lowering rates […]
Financial Warfare Is Real
Financial Warfare Is Real In my 2011 book, Currency Wars, I gave a detailed description of the first-ever financial war game sponsored by the Department of Defense. This financial war game took place in 2009 at the top-secret Applied Physics Laboratory located about twenty miles north of Washington, D.C., in the Maryland countryside. Unlike typical war […]
