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The COVID Bait & Switch
The COVID Bait & Switch QUESTION: Do you really think that the Democratic leadership is trying to hurt people? FD ANSWER: It is not just the Democrats. We are looking at politicians around the world. It makes no sense with such a low death rate that is equivalent to the flu and all the forecasts of Neil […]
False Bizarre Economy Renders GDP Useless (Part 1)
False Bizarre Economy Renders GDP Useless (Part 1) GDP Growth Is Akin To “Magic Illusion 101” We may be getting to the place where more people are beginning to realize the illusion created from printing and pouring trillions of dollar haphazardly into the economy can’t last. Today, consumer confidence hinges on what Washington decides to […]
Venezuela Has Gone Cashless (And That’s Not All)
Venezuela Has Gone Cashless (And That’s Not All) Writing about the current situation in my country is becoming increasingly difficult. Just checking my personal chats with all the information I receive is heartbreaking. People I have known my entire life are having a very hard time and are being harassed. Collecting information from friends and […]
The Evolution Of Fiat Money, Endless War, & The End Of Citizenship (Part 2)
The Evolution Of Fiat Money, Endless War, & The End Of Citizenship (Part 2) Read Part 1 here… The Victory of Fiat Money, Endless War, and the Rise of the “Citizen Soldier” The stage was now set for the victory of fiat money after the series of bloody religious wars that plagued Europe over the […]
Turkey’s 2nd Financial & Currency Crisis in 2 Years Blossoms. Heavily Invested European Banks Look for Exit. But Not the Most Exposed Bank
Turkey’s 2nd Financial & Currency Crisis in 2 Years Blossoms. Heavily Invested European Banks Look for Exit. But Not the Most Exposed Bank Big Gamble that was hot for years has gone sour after Turkish lira’s plunge and surge of defaults on bank debts denominated in foreign currency. As the Turkish lira logged fresh record lows […]
The Wonders of Free Money in Two Pictures
The Wonders of Free Money in Two Pictures Lesson of the Day If you give away enough free money, spending recovers. Census Report on Advance Retail Sales The Census report on Advance Retail Sales provides half of our “Lesson of the Day“. Adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, July sales […]
Here’s Why the “Impossible” Economic Collapse Is Unavoidable
Here’s Why the “Impossible” Economic Collapse Is Unavoidable This is why denormalization is an extinction event for much of our high-cost, high-complexity, heavily regulated economy. A collapse of major chunks of the economy is widely viewed as “impossible” because the federal government can borrow and spend unlimited amounts of money because the Federal Reserve can create […]
Market Update: Overstimulated!
Market Update: Overstimulated! Today’s twin orgy of monetary & fiscal stimulus makes a market reckoning inevitable The melt-up discussed last week remains in full force, with the S&P 500 hitting a new intraday all-time high on Wednesday. Just to make sure we’re all clear on this: stocks are back to their highest prices BEFORE the coronavirus pandemic […]
Buyer Beware–Gold ETFs Like GLD Own No Gold
BUYER BEWARE – GOLD ETFs LIKE GLD OWN NO GOLD Two major asset classes are major beneficiaries of the unlimited money printing and credit creation that is now taking place globally. One of them will end in tears and the other one has just started a major secular bull market. As the world economy and […]
Today’s Contemplation: Collapse Cometh II
Today’s Contemplation: Collapse Cometh II Monte Alban, Mexico (1988) Photo by author. My response to an ongoing discussion regarding debt-/credit-based fiat currency and it’s impact on our pursuing the infinite growth chalice. _____ Yes, credit-/debt-based fiat is certainly one of the most significant causes of our pursuing the infinite growth chalice. Not the only one, […]
What You Will Find When You Follow the Money
What You Will Find When You Follow the Money It has been a rough go for California Governor Gavin Newsom. Late last week it was revealed that the state Department of Public Health had tickled the poodle on its COVID-19 record keeping. Somehow the bureaucrats in Sacramento undercounted new coronavirus cases by as many as […]
Dollar’s Purchasing Power Drops to Lowest Ever. Inflation Heats Up, as Fed Wants, After Simultaneous Supply & Demand Shocks
Dollar’s Purchasing Power Drops to Lowest Ever. Inflation Heats Up, as Fed Wants, After Simultaneous Supply & Demand Shocks “We’re not even thinking about thinking about” slowing the decline of the dollar’s purchasing power — and thereby labor’s purchasing power. A supply shock and a demand shock came together during the Pandemic, and it produced […]
How Reality Became A James Bond Movie: Rabobank Explains
How Reality Became A James Bond Movie: Rabobank Explains What’s Your Favourite Bond Theme? We live in a world where all can agree on very little – but one thing that should be clear is that it’s all very James Bond. Charismatic billionaires; Cold War; secret agents; skulduggery; poisonings; spy apps in innocuous devices; military build-ups […]
