Home » Economics (Page 198)
Category Archives: Economics
The Enslavement of Infinite Money
The Enslavement of Infinite Money The phrase “don’t fight the Fed” is an unfortunate but popular delusion. It presupposes that the central bank has limitless power to direct the economy because it can print limitless money. I’m not sure where this idea comes from, but consider the fact that anyone today who is under 30 […]
Time to learn about money
Time to learn about money An unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have yet to discount the possibility of such an outcome, but in the coming months they are likely to awaken to this danger. The question arises as to what will […]
Coronavirus: The “Rescue” Is Stealing Your Wealth
Coronavirus: The “Rescue” Is Stealing Your Wealth The elites get richer and we lose our jobs & future prospects As we begin to get a better handle on what happens inside the body when covid-19 infects, it’s clear that early treatment makes a big positive difference. And we’re learning of effective measures you can take […]
Powell Needs To Immediately Address Negative Rates Or He Will Lose Control
Powell Needs To Immediately Address Negative Rates Or He Will Lose Control Today was a historic day, not for the latest algo-driven meltup in stocks, but because for the first time ever, fed fund futures priced in negative rates, first in January 2021 and shortly after, as recently as November 2020. In response to the […]
US To Remove Patriot Missile Protection From Saudi Arabia Amid Oilpocalypse
US To Remove Patriot Missile Protection From Saudi Arabia Amid Oilpocalypse Petrodollar panic? As tensions between OPEC (cough – the Saudis – cough) and Washington rise over the supply (and price) of oil globally amid a pandemic-driven demand collapse, it would appears President Trump may have just gone ‘nuclear’. “…there will be blood.” The Wall Street Journal […]
US National Debt Spiked by $1.5 trillion in 6 Weeks, to $25 trillion. Fed Monetized 90%
US National Debt Spiked by $1.5 trillion in 6 Weeks, to $25 trillion. Fed Monetized 90% I’d never imagined I’d ever see this sort of spike, though in recent years I added an upward arrow with “Debt out the wazoo” to my charts, not realizing just how factually accurate this technical term would become. The […]
“It’s Devastating”: Kashakri Says Real Unemployment Rate Is As High As 24%
“It’s Devastating”: Kashakri Says Real Unemployment Rate Is As High As 24% Minneapolis Fed president, Neel Kashkari, said that Friday’s jobs report will likely understate the real unemployment picture as it will only reflect people who are “actively looking for work”, a nearly impossible task in a time of nationwide lockdowns, and that the country […]
Global Boom, Pandemic, Crash: Is History Just Repeating Itself?
Global Boom, Pandemic, Crash: Is History Just Repeating Itself? If Peter Turchin is right, we face the end of a 300-year cycle, as did previous far-flung empires. The coronavirus pandemic is, among other things, a tribute to human ingenuity and our relentless pursuit of globalization, an impulse thousands of years old. Previous civilizations, from the […]
Local Resilience in a Time of Crisis by Jay Tompt.
Local Resilience in a Time of Crisis by Jay Tompt. To state the obvious, political and economic change happens in all kinds of ways including through crisis and calamity. For those of us working for change at local, municipal and regional scales, this is the moment when many of the solutions we’ve been promoting are […]
Weaponizing the Dollar
Weaponizing the Dollar Don’t worry, we’re still talking virus, just from a slightly different angle. I was going to do something completely different, but then I saw an article at the South China Morning Post (SCMP) today that made me think “I don’t think that’s true”, realizing that at the same time many people would […]
Planet of the Humans: Reviewing the Film and its Reviews
Planet of the Humans: Reviewing the Film and its Reviews If you haven’t seen the latest (and arguably the most contentious) documentary on renewable energy, be prepared for an aftertaste of mixed feelings. Joining hands with the controversial Michael Moore, environmentalist and filmmaker Jeff Gibbs has sent an eerie message that is now somewhat dividing […]
China’s Covid Cover-Up, Economic War And The Elites Who Benefit
China’s Covid Cover-Up, Economic War And The Elites Who Benefit “Actually, as Winston well knew, it was only four years since Oceania had been at war with Eastasia and in alliance with Eurasia. But that was merely a piece of furtive knowledge, which he happened to possess because his memory was not satisfactorily under control. […]
“Biblical” Wave Of Bankruptcies Is About To Flood The US
“Biblical” Wave Of Bankruptcies Is About To Flood The US One of the silver linings of the coronacrisis to date is that despite the unprecedented collapse in the broader economy and the 30 or so million unemployed, the pace of bankruptcy filings has been relatively steady compared to the pre-covid levels, as the following Goldman […]
The Problem is Not Deflation, It’s Attempts to Prevent It
The Problem is Not Deflation, It’s Attempts to Prevent It Let’s investigate the Fed’s effort to prevent price deflation. Here’s a Tweet that caught my eye. Real Vision✔@RealVision · May 1, 2020 “We’re about to have deflation and the market hasn’t figure it out yet… when it does, the Fed is going to shit itself.” @hendry_hugh @raoulGMIhttps://rvtv.io/3aWzxf4 […]
