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Europe Has Been Preparing a Global Gold Standard Since the 1970s
Europe Has Been Preparing a Global Gold Standard Since the 1970s Research reveals that European central banks have prepared a new international gold standard. Since the 1970s, policies that paved the way for an equitable and durable monetary system have gradually been implemented. In my view, the current fiat international monetary system is ending—unconventional monetary […]
Hoarding Cash
Hoarding Cash The reason there is a shortage of cash developing around the world is rather straight-forward. The trust in the government is collapsing. Italy has just lowered the legal amount someone can pay for anything in cash from €3000 to €2000. Australia made it a criminal act to pay for anything with A$10,000 or […]
The Last Gasps of “Late Degeneracy Capitalism”
The Last Gasps of “Late Degeneracy Capitalism” It was a mid-afternoon in 2006 in Cannes, where I joined Dr. Kurt Richebächer at his apartment to collaborate on a book project that, unfortunately, failed to come together before his death a year later. The old man grabbed his cane and moved to a comfy chair and […]
Recovery or Renewal? Time for an economic rethink
Recovery or Renewal? Time for an economic rethink A recent study of long-term fluctuations in economic growth published in Nature Scientific Reports suggests both danger and opportunity in the emerging debate about post Covid-19 economic recovery. In this blog, Craig D. Rye and Tim Jackson outline their findings. The International Monetary Fund (IMF) expects the global economy to […]
Weekly Commentary: Drone Money
Weekly Commentary: Drone Money “In particular, to maintain downward pressure on longer-term interest rates, the Federal Open Market Committee (FOMC) likely will provide forward guidance about the economic conditions it would need to see before it considers raising its overnight target rate. And it likely will clarify its plans for further securities purchases (quantitative easing). […]
Welcome to the Crazed, Frantic Demise of Finance Capitalism
Welcome to the Crazed, Frantic Demise of Finance Capitalism The cognitive dissonance required to ignore the widening gap between the real economy and the fraud’s basic machinery–speculation funded by “money” conjured out of thin air–has reached a level of denial that can only be termed psychotic. When scams start unraveling, the scammers become increasingly frantic […]
Paper Assets And Promises Often End In Default
Paper Assets And Promises Often End In Default During times of financial disruptions defaults rise in importance and move front and center. The term financial crisis is applied broadly to a variety of situations in which some financial assets suddenly lose a large part of their nominal value, a default falls into this area. In the […]
Bankers and Investors Finding Fracking Industry’s Underlying Models Prove Overly Optimistic
Bankers and Investors Finding Fracking Industry’s Underlying Models Prove Overly Optimistic Warren Buffet has a famous quote about investing: “Only when the tide goes out do you discover who’s been swimming naked.” When it comes to his $10 billion investment in Occidental Petroleum, Buffett will need to take that one to heart now that other investors have sued Occidental for the merger financed […]
Stock Market Crash 2020: Welcome To The End Game
Stock Market Crash 2020: Welcome To The End Game If this chart doesn’t make you think the crash is coming soon, then probably nothing will: The Nasdaq is on its final run and is going vertical, a classic end of bubble move. This is trader heaven and turns into speculator hell for those who think […]
Why Government Mostly Helps People Who Need It the Least…Even During a Crisis
Why Government Mostly Helps People Who Need It the Least…Even During a Crisis In January 2020, the NASDAQ stock market’s index stood just under 10,000. In the March crash, it fell to 7,000. As of July 10, 2020, it hit 10,600. The U.S. government’s economic policies produced a “recovery” for the rich who own the […]
Money Supply Growth in May Again Surges to an All-Time High
MONEY SUPPLY GROWTH IN MAY AGAIN SURGES TO AN ALL-TIME HIGH Money supply growth surged to another all-time high in May, following April’s all-time high that came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages. The growth rate has never been higher, with the 1970s the only period […]
2020 Is The Year The Unseen Becomes Seen
2020 Is The Year The Unseen Becomes Seen 2020 is the year of Julian Assange’s extradition trials, the Kafkaesque proceedings by which the US government is attempting to imprison the WikiLeaks founder for the rest of his life as punishment for exposing US war crimes. Assange started an innovative leak publishing outlet on the premise that corrupt […]
Why a Great Reset Based on Green Energy Isn’t Possible
Why a Great Reset Based on Green Energy Isn’t Possible It seems like a reset of an economy should work like a reset of your computer: Turn it off and turn it back on again; most problems should be fixed. However, it doesn’t really work that way. Let’s look at a few of the misunderstandings that […]
JPMorgan: “Central Banks Have Created A Collective Hallucination Where Valuations Are Entirely Fabricated”
JPMorgan: “Central Banks Have Created A Collective Hallucination Where Valuations Are Entirely Fabricated” Over a decade ago we were mocked and ridiculed for saying that the Fed was manipulating and rigging stock markets, pushing risk assets higher (either singlehandedly or via Citadel) and its only mandate was to prop up consumer confidence by preventing a […]
The Revolution Will Not Be “Green”
The Revolution Will Not Be “Green” A truly equitable and sustainable conservation movement must abandon both green capitalism and the idea of pristine nature Our planet is dying, and conservation as we know it isn’t helping. In fact, it’s making things worse. Long imagined as a bulwark against ecological destruction, players in the mainstream conservation […]
