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Big Oil’s Backers Are Jumping Ship — and That’s Good for the Planet
Big Oil’s Backers Are Jumping Ship — and That’s Good for the Planet Investors, banks and even some oil and gas companies are breaking ranks on the future of high-emission energy. Alberta’s oilsands are increasingly toxic for major investors concerned with global warming. Photo by Kris Krug, Creative Commons licensed. The oil lobby’s political friends are […]
Harvest at Chez Cog
HARVEST AT CHEZ COG It became obvious to Mrs. Cog and I by early February of this year (2020) that the next phase of socioeconomic crumble/chaos was being implemented both here in the USA as well as throughout the world. The rabbit hole just got deeper. Or more accurately, the deeper rabbit hole was just […]
The U.S. Dollar Collapse Is Greatly Exaggerated
The U.S. Dollar Collapse Is Greatly Exaggerated The US Dollar Index has lost 10% from its March highs and many press comments have started to speculate about the likely collapse of the US Dollar as world reserve currency due to this weakness. These wild speculations need to be debunked. The US Dollar year-to-date (August 2020) has strengthened […]
In The Long Run We Are All Alive
In The Long Run We Are All Alive In 1976, economist Herbert Stein, father of Ben Stein, the economics professor in Ferris Bueller’s Day Off, observed that U.S. government debt was on an unsustainable trajectory. He, thus, established Stein’s Law: “If something cannot go on forever, it will stop.” Stein may have been right in […]
Evil Geniuses: How the Rich Took Control of America (and Canada)
Evil Geniuses: How the Rich Took Control of America (and Canada) Kurt Andersen looks at the not-so-secret conspiracy by the rich, right and big business. Donald Trump’s presidency is just one result of a 50-year conspiracy to ensure the rich and the right controlled America. Photo: US government. They may have sentenced Leonard Cohen to 20 years […]
What Are You Going To Do As Our Money Dies?
What Are You Going To Do As Our Money Dies? Central banks are killing our currency to protect the already-rich In our recent article It’s Time To Position For The Endgame, Chris Martenson explained how the US Federal Reserve and its sister central banks around the world have been engaged in the largest and most egregious […]
Is High Inflation Now A Bigger Danger Than A Deflationary Crash?
Is High Inflation Now A Bigger Danger Than A Deflationary Crash? What’s the more likely event at this point: a deflationary crash or runaway inflation? For a long time, Peak Prosperity co-founder Adam Taggart and I have hewed to the “Ka-POOM!” theory, which states that a major deflation will scare the central banks so badly […]
The Zombie Companies Are Coming
The Zombie Companies Are Coming Easy money is a curse for capitalism. Through the first half of August – which is normally a quiet period for the bond market in the US – a total of $56 billion in junk bonds and leveraged loans were issued by junk-rated companies, according to S&P Global. That was […]
Peter Schiff: Government Tries to Replace the Economy With a Printing Press
Peter Schiff: Government Tries to Replace the Economy With a Printing Press Peter Schiff recently spoke at the “virtual” Los Vegas Money Show and explained why we are near the endgame for the dollar. Peter opened up his talk speculating that the Money Show could be close to the end of its run. I think […]
The Coal Curse – A Review
The Coal Curse – A Review Governments are abrogating their first responsibility, which is to safeguard the people and their future well-being. The first part of historian Judith Brett’s Quarterly Essay, The Coal Curse – Resources, Climate and Australia’s Future, is a masterly dissection of Australian economic history since WW2. Credit – Unsplash It brings […]
THE WOLF STREET REPORT: The Zombie Companies Are Coming
THE WOLF STREET REPORT: The Zombie Companies Are Coming “Easy money is a curse for capitalism.” You can also find the podcast on Apple Podcasts, Spotify, Stitcher, Google Podcasts, iHeart Radio, and others.
We’re All Serfs of Big Tech
We’re All Serfs of Big Tech What do you call an economy of monopolies without competition or any regulatory restraints? An economy of monopolies that controls both the buying and selling in the markets they control? Monopolies with the power to commit legalized fraud and the profits to buy political influence? Monopolies whose black box algorithms are […]
The anatomy of a financial crisis
The anatomy of a financial crisis In this blog, we present the anatomy of a financial crisis. A characteristic feature of a banking crisis is that it tends to follow, more-or-less, the same path regardless of the ‘shock’ or ‘trigger’ that initiates it. The next phase of the crisis is likely to be a global […]
