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“The Dam Has Burst”: Why David Einhorn Thinks The Coronavirus Shock Will Lead To Soaring Inflation
“The Dam Has Burst”: Why David Einhorn Thinks The Coronavirus Shock Will Lead To Soaring Inflation One of the bizarre aspects of the global depression resulting from the coordinated shutdown of most world economies due to the coronavius pandemic, is that we have experience a collapse in both aggregate supply and demand which, almost absurdly, […]
European Banks Reveal Scale & Complexity of Crisis. Shares Hammered Back to 1987 Level
European Banks Reveal Scale & Complexity of Crisis. Shares Hammered Back to 1987 Level They haven’t gotten over Financial Crisis 1 and the Euro Debt Crisis. Now there’s a new crisis. Deutsche Bank’s CEO going on TV to soothe nerves didn’t help matters. The biggest European banks have started to report their earnings against a […]
U.S. Public Debt Increases More In April Than During Entire 2019
U.S. Public Debt Increases More In April Than During Entire 2019 The U.S. public debt increased at the fastest rate ever during April. Due to the negative economic impacts stemming from the global contagion, the U.S. Treasury increased the federal debt by a whopping $1.3 trillion in a single month. The additional $1.3 trillion of […]
The Real Reasons Behind the Global Pandemic Lockdown, Part 2
The Real Reasons Behind the Global Pandemic Lockdown, Part 2 In Part 2 of The Real Reasons Behind the Global Pandemic Lockdown, I discuss and build upon the ideas from Part 1, in which I discuss the continuing misinformation being spread about the pandemic, the various creators of the pandemic narrative that includes not only State […]
Eurozone Collapse: V-Shaped Recovery Mirage Is Gone
Eurozone Collapse: V-Shaped Recovery Mirage Is Gone Eurozone Economy Collapses 3.8% in the first quarter, the worst on record. Spain (-5.2%) and France (-5.6%) GDP were much worse than Italy (-4.7%). Economist Daniel Lacalle offers his thoughts on the European economy in a YouTube video. Daniel Lacalle✔@dlacalle_IA EUROZONE COLLAPSE The V-Shaped Recovery Mirage Is Gone. […]
They’re All High on Fed Fairy Dust
They’re All High on Fed Fairy Dust Everybody realizes the US economy is in a bad spot. But most people still seem to believe it will bounce right back once we deal with the coronavirus. They’re all high on Federal Reserve fairy dust. US GDP contracted by 4.8% in the first quarter. It was the […]
Permaculture and Money – Part 2
Permaculture and Money – Part 2 Living and Giving Abundance In part 1 of this article series we looked at the curious concept of money and how it can be seen to be contributing to the institutional violence of much of modern society. This part will look at some alternative ways of viewing and interacting with money, […]
Blain’s Morning Porridge (1) May Day 2020: Boeing – Marx Wins
Blain’s Morning Porridge (1) May Day 2020: Boeing – Marx Wins “I fly because it releases my mind from the tyranny of petty things.” There are going to be two porridge this morning… This is the ANGRY one. Later I am going to post something on Sovereign Debt.. I thought I ought to separate them.. you […]
The Wave Of Shale Well Closures Has Finally Begun
The Wave Of Shale Well Closures Has Finally Begun U.S. shale oil producers have so far held up admirably, hanging on for dear life amidst the biggest oil demand collapse in history. American producers continued to pump at record highs in March, even after dozens of drillers laid out blueprints to limit production. But with U.S. storage […]
Movie review of Michael Moore’s “Planet of the Humans”
Movie review of Michael Moore’s “Planet of the Humans” Preface. This documentary was made by Jeff Gibbs, a writer and environmentalist, with Michael Moore as the executive producer. I watched the movie and then read 20 criticisms of it. None were any good, it is as if the reviewers had watched an entirely different movie. […]
Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March
Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March Fed shed MBS. Loans to “SPVs” flat for fifth week. Repos in disuse. Fed still hasn’t bought junk bonds, stocks, or ETFs. But it sure sent Wall Street dreaming. Total assets on the Fed’s balance sheet rose by only $83 billion […]
Broken System
Broken System The Fed poisons everything, and I mean everything. From markets, the economy, and I will even go as far as politics. Sounds far fetched? Let me make my case below. But as much as the Fed poisons everything this crisis here again reveals a larger issue: The system is completely broken, it can’t […]
Exxon Crushed By Pandemic, Reports First Quarterly Loss In 32 Years
Exxon Crushed By Pandemic, Reports First Quarterly Loss In 32 Years Exxon Mobil Corp. has reported its first quarterly loss in 32 years amid oversupply conditions, a crashed economy, and a pandemic that continues to destroy petroleum demand. The company reported a $610 million loss for the quarter ending March 31. That is equivalent to about a 14c loss […]
The Bizarre Blindspot in “Planet of the Humans”
The Bizarre Blindspot in “Planet of the Humans” So, was the film “Planet of the Humans” a hit job on the environmental movement disguised by the filmmakers’ phony claim to care about Mother Earth? Or was it an honest, get real, exposé of its assertion that, “The takeover of the environmental movement by capitalism is […]
Game Over For Oil, The Economy is Next
GAME OVER FOR OIL, THE ECONOMY IS NEXT It’s game-over for most of the U.S. oil industry. Prices have collapsed and storage is nearly full. The only option for many producers is to shut in their wells. That means no income. Most have considerable debt so bankruptcy is next. Peggy Noonan wrote in her column recently that […]
