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Middle East Oil Producers Are Drowning In Debt
Middle East Oil Producers Are Drowning In Debt Arab Gulf oil producers are losing billions of U.S. dollars from oil revenues this year due to the pandemic that crippled oil demand and oil prices. Because of predominantly oil-dependent government incomes, budget deficits across the region are soaring. Middle East’s oil exporters rushed to raise taxes and […]
To Be A Rich And Famous Journalist: Notes From The Edge Of The Narrative Matrix
To Be A Rich And Famous Journalist: Notes From The Edge Of The Narrative Matrix Americans: healthcare please US government: Sorry did you say more war ships in the South China Sea? Americans: no, healthcare US government: Alright, you drive a hard bargain. Here are more war ships in the South China Sea. ❖ Hi […]
Scotland Total Lockdown
Scotland Total Lockdown The first round of lockdowns was supposed to stop the virus. It did not. They no longer even pretend these lockdowns are backed by science. They are simply trying to crush the world economy into submission. Until the people rise up, this sort of tyranny is following the World Economic Forum goose-stepping […]
The IMF Chief Economist Sees a Threat to World Economies From a Liquidity Trap
THE IMF CHIEF ECONOMIST SEES A THREAT TO WORLD ECONOMIES FROM A LIQUIDITY TRAP In the Financial Times from November 2 2020, the IMF chief economist Gita Gopinath suggested that world economies at present are likely to be in a global liquidity trap. Gopinath has reached this conclusion because the yearly growth rate of the […]
“The Necessary Alternative to Growth is Degrowth”
“The Necessary Alternative to Growth is Degrowth” A Review of Degrowth by Giorgos Kallis (2018) In Europe, “degrowth” is actually a movement, while in the US it is barely mentionable in polite society. To question “growth” would be the death knell for any serious politician. So what’s going on here? We live in the same world and face the […]
How the Unemployment Fiasco in Europe Is Kept out of Official Unemployment Rates
How the Unemployment Fiasco in Europe Is Kept out of Official Unemployment Rates The massive and once-again extended Pandemic-era furlough programs serve their purpose, but… In Europe, people who are furloughed are paid under government programs via their employers. Many of these programs have been created during the Pandemic. In theory, these people still have […]
Election Distraction Has Taken Eyes Off Our Economic Ills
Election Distraction Has Taken Eyes Off Our Economic Ills Lately it has been difficult to write about the economy because of all the noise flowing from the election and covid-19 hype. There is a growing reluctance to opine by many economic skeptics because it appears we have been wrong on recent predictions. Only time will […]
Prepare for Winter
Prepare for Winter Realism must precede optimism or the optimism will collapse as the tsunami of reality comes ashore. It’s time to prepare materially and psychologically for a winter unlike any other in our lifetimes. Here’s the view from 30,000 feet: 1. The stock market and the general zeitgeist of optimism have soared based on […]
The Bogus Case Against Gold
The Bogus Case Against Gold Gold is in the early stages of its third great bull run that will take it to record heights. The first two great bull markets were 1971-1980 (gold up 2,200%) and 1999-2011 (gold up 760%). After peaking in 2011, gold fell sharply from that peak to below $1,100 per ounce […]
Oil Price Crash Costs Saudi Arabia $27.5 Billion In Revenue In 2020
Oil Price Crash Costs Saudi Arabia $27.5 Billion In Revenue In 2020 The oil price collapse is depriving Saudi Arabia of US$27.5 billion in oil revenues this year, Saudi Crown Prince Mohammed bin Salman said on Friday, admitting that the current oil income is not enough to cover the Kingdom’s salaries bill. Saudi Arabia had […]
Weekly Commentary: Well, That’s Some Weird… Stuff
Weekly Commentary: Well, That’s Some Weird… Stuff The “average stock” Value Line Arithmetic Index jumped 6.4% for the week. The NYSE Arca Oil Index surged 19.8%, with the Philadelphia Oil Services Index up 17.4%. The KWB Bank Index rose 11.5%, as the Nasdaq Bank Index advanced 13.6%. The Bloomberg REIT Index jumped 6.8%. The S&P600 […]
Is there a Way Out?
Is there a Way Out? QUESTION: Martin, I live in Canada. Our PM had our former finance minister take the fall for their blatant corruption, is blocking and tackling every move to bring it to light and is turning our parliamentary government against the people, working to crush the economy, impose lockdowns, raid our government-mandated employment […]
