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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 […]
Memo from Insiders: Dear Bagholders, Thanks for Buying Our Shares at the Top
Memo from Insiders: Dear Bagholders, Thanks for Buying Our Shares at the Top The self-sustaining recovery is a fantasy that’s evaporated. What looks like a powerful, can’t-lose rally to newbies is recognized as distribution by old hands. In low-volume markets (as in the past few months), insiders holding large positions can’t dump all their shares at once or […]
CHART OF THE WEEK: Mexico & Peru Silver Production Big Declines Again In May
CHART OF THE WEEK: Mexico & Peru Silver Production Big Declines Again In May According to the data released by Mexico and Peru’s governmental mining data, domestic silver production continued to be depressed in May. Interestingly, the production data just released from Mexico’s INEGI shows that the country’s silver production in May was even less […]
The Eurozone’s financial disintegration
The Eurozone’s financial disintegration Introduction The Euro Crisis Monitor (above) shows the increasing imbalances in the TARGET2 settlement system between all its members: the ECB (itself with a €145bn deficit) and the national central banks in the Eurozone. Other than minor differences reflecting net cross-border trade not matched by investment flows going the other way, […]
Weekly Commentary: Precarious World
Weekly Commentary: Precarious World Another fascinating – if not comforting – week. A Friday Wall Street Journal headline: “Big Tech’s Embarrassment of Riches – Amazon, Apple, Facebook and Google all show resilience during pandemic while undergoing congressional scrutiny.” Amazon, Apple, Facebook and Google all reported booming earnings the day following Wednesday appearances by respective CEOs […]
GDP & Consumer Confidence in Crash Mode
GDP & Consumer Confidence in Crash Mode The impact of Coronavirus is far worse than most can imagine. GDP dropped 32% during the 2nd-quarter which is a new historical record surpassing every recession and the Great Depression of both the 19th and 20th centuries. The epidemiologists cannot be this stupid. The people who have died […]
Mission Accomplished: Fed Officially Blows The Biggest Ever Bubble
Mission Accomplished: Fed Officially Blows The Biggest Ever Bubble Mission Accomplished: Stocks managed gains on the month (4th month in a row) – Nasdaq best, Dow worst… Source: Bloomberg And note that despite the epic surge in the mega tech stocks overnight… Yes, that is AAPL up 10%!! (GOOGL -4%)…MSFT managed to rally back to […]
Explaining the Credit Cycle
EXPLAINING THE CREDIT CYCLE This article summarises why the credit cycle leads to alternate booms and slumps. It is only with this in mind that they can be properly understood as current economic conditions evolve. The reader is taken through three monetary models: a fixed money economy, one governed by changes in bank credit, and […]
Can Anyone Save the World?
Can Anyone Save the World? COMMENT: DO YOU HONESTLY THINK YOU OR SOCRATES CAN SAVE THE WORLD ?WELL MAYBE YOU CAN IF YOU GET ALL THESE BILLIONAIRES TOGETHER! IM SURE MANY OF THEM ARE NOT ON THE GLOBAL GREEN SOCIALIST SIDE! WHATS STOPPING YOU…? CK REPLY: You completely misunderstand what is possible. Nobody can save the world. […]
We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before
We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before For a very long time we have been warned that a U.S. economic collapse was inevitably coming, and now it is here. Fear of COVID-19 and unprecedented civil unrest in our major cities have combined to plunge us into a historic […]
Peter Schiff: The Dollar Is Not Just Going Down; It’s Going to Crash
Peter Schiff: The Dollar Is Not Just Going Down; It’s Going to Crash As gold was closing in on its all-time record price last week, Peter Schiff appeared on the Claman Countdown and warned about the looming dollar crisis. Claman set up the interview pointing out that Peter predicted this big move up in gold months ago and asked, […]
