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Blain’s Morning Porridge – Aug 11 2020 – Who Pulled the Plug?
Blain’s Morning Porridge – Aug 11 2020 – Who Pulled the Plug? “Unnervingly coherent and laughably mindless” This morning’s opening quote isn’t an independent assessment of the Morning Porridge – but is lifted from a newspaper article on Artificial Intelligence. It ends on a very scary tag: the AI is asked if it is conscious […]
The Dollar Is Dying
The Dollar Is Dying Insulting the Captive Audience This week, while perusing the Federal Reserve’s balance sheet figures, we came across a rather curious note. We don’t know how long the Fed’s had this note posted to its website. But we can’t recall ever seeing it. The note reads as follows: “The Federal Reserve’s balance sheet […]
It’s Time To Position For The Endgame
It’s Time To Position For The Endgame Are you, like us, sensing that things are poised to fall apart? Do you sense an approaching endgame? Like there’s another heavy shoe to drop? Perhaps an entire closet’s worth? Certainly there’s entirely too much confusion surrounding SARS-CoV-2 and how to deal with it. Should people wear masks? […]
No Payment, No Problem: Bizarre New World of Consumer Debt
No Payment, No Problem: Bizarre New World of Consumer Debt All kinds of weird records are being broken. But it’s scheduled to expire, and then what? The New York Fed released a doozie of a household credit report. It summarized what individual lenders have been reporting about their own practices: If you can’t make the […]
Supply and Demand Deconstructed
Supply and Demand Deconstructed Prices are caused by supply and demand, right? So say neoclassical economists. If you’ve bought their fairy tale, I recommend you watch the video below. In it, Jonathan Nitzan demolishes the neoclassical theory of prices. It’s a master lesson in how to deconstruct a theory. Here’s the 100-word summary. Nitzan shows […]
The Fed is Determined to Prove the QTM Right
The Fed is Determined to Prove the QTM Right Milton Friedman famously said, “Inflation was always and everywhere a monetary phenomenon.” But Friedman didn’t live through the QE years here in the U.S. and blatantly ignored the twenty plus years of Japanese deflation despite QE and insane levels of money printing during the latter years […]
Fort Nelson’s Gas Boom Went Bust. Who’s Going to Clean Up?
Fort Nelson’s Gas Boom Went Bust. Who’s Going to Clean Up? Ottawa has announced money to clean up the oil and gas industry’s old wells and infrastructure, but critics say it’s not enough. In the face of the economic fallout from COVID-19, it’s easy to forget that some communities in British Columbia were in deep […]
Peter Schiff: The Dollar Crash Will Take Down the Entire US “House of Cards”
PETER SCHIFF: THE DOLLAR CRASH WILL TAKE DOWN THE ENTIRE US “HOUSE OF CARDS” Peter Schiff says the new historic and record-breaking fall in gross domestic product numbers coupled with unemployment and the Federal Reserve’s excessive money creation will cause a dollar collapse. Once that happens, the entire house of cards that is the United […]
Evictions, tenants and the fragility of a “correlated” world
Evictions, tenants and the fragility of a “correlated” world As eviction moratoriums around the United States come to an end, it is expected that landlords will begin evicting nonpaying tenants en masse. Eviction by itself is an unremarkable phenomenon in America. Some 900,000 per year have been occurring routinely in the last several years affecting about […]
Rabobank: Is Judge Dredd A Vision Of What Awaits Our Society
Rabobank: Is Judge Dredd A Vision Of What Awaits Our Society Elon and Eloi It was just a few short weeks ago that governments in Australia and the UK were congratulating themselves on how they had performed under Covid-19, and both were enthusiastically looking ahead to getting life back to normal. Today Victoria, Australia is under […]
What Kenney Had to Kill to Embrace Coal
What Kenney Had to Kill to Embrace Coal Alberta’s 1976 Coal Policy protected vital drinking water supplies for much of the province. That’s gone now. Under the cover of a pandemic, Alberta Premier Jason Kenney quietly wiped away a near half-century of safeguards against open pit coal mining in most of the province’s Rocky Mountains […]
The Spreading Feeling “This Is All Happening By Design”
The Spreading Feeling “This Is All Happening By Design” As events unfold I have witnessed a growing opinion being battered around that something sinister is happening beneath the surface. This includes the feeling we are no longer in control of our fate. More and more the idea that form follows function and the winners were […]
Bank Of Ireland Is Now Imposing Negative Rates On Cash Held In Pensions
Bank Of Ireland Is Now Imposing Negative Rates On Cash Held In Pensions If you’re holding your pension with the Bank of Ireland, you are now officially being charged to do so. In a move that we’re sure is going to have absolutely no consequences, the bank is starting to impose negative interest rates on cash held […]
