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COMING COLLAPSE OF U.S. FINANCIAL PONZI SCHEME: Leading To Exploding Gold & Silver Prices
COMING COLLAPSE OF U.S. FINANCIAL PONZI SCHEME: Leading To Exploding Gold & Silver Prices Americans are totally unprepared for the coming collapse in the U.S. Financial Ponzi Scheme and Economy. While the highly-leveraged debt-based U.S. financial system and economy were going to implode on their own in due time, the global contagion has sped up […]
Historic Oil Crash Sends Canadian Oil Prices Negative
Historic Oil Crash Sends Canadian Oil Prices Negative When Goldman’s crude oil analysts turned apocalyptic last month, writing that “This Is The Largest Economic Shock Of Our Lifetimes“, they echoed something we said previously namely that the record surge in excess oil output amounting to a mindblowing 20 million barrels daily or roughly 20% of […]
The holiday of exchange value
The holiday of exchange value Many markets are on hold, as societies such as ours fight the pandemic. But how else might things be valued, and how much of that alternative could survive when economic normality returns? The primary economic fact about the coronavirus crisis is how it has brought existing class divisions into much […]
Futures Plunge As WTI Crashes By Most On Record, Tumbling To $11 Per Barrel
Futures Plunge As WTI Crashes By Most On Record, Tumbling To $11 Per Barrel Oil prices crashed the most on record with the May WTI futures contract hitting its lowest level since 1999, plunging as low as $11 or down 38%, as nobody wants to take actual physical storage amid widespread fears crude storage will soon be […]
Demand for Bank Notes in Dollars & Euros Spikes Despite Fears of Covid-19 Contaminated Cash
Demand for Bank Notes in Dollars & Euros Spikes Despite Fears of Covid-19 Contaminated Cash A curious phenomenon. In the United States, as coronavirus concerns grew and state after state went into lockdown, and as consumption plunged and unemployment exploded at a previously unimaginable rate, the amount of physical dollars in circulation spiked to $1.89 […]
Banks Will Not Bail Out The Economy
Banks Will Not Bail Out The Economy These days, we hear a lot that banks were the problem in the 2008 crisis and now they are the part of the solution. Banking was not the main problem of the 2008 crisis, but one of the symptoms that indicated a more serious disease, the excess risk taken by […]
Eric Peters: ‘Fed Isn’t Just Delaying The Inevitable Reckoning…It’s Making It Worse’
Eric Peters: ‘Fed Isn’t Just Delaying The Inevitable Reckoning…It’s Making It Worse’ As investors in the US and around the world confront the fact that the Federal Reserve is never really out of ammo, One River Asset Management Founder Eric Peters joined Erik Townsend for an interview on Townsend’s weekly MacroVoices podcast, which features in-depth interviews with […]
Between a Rock and a Hard Place: Pandemic and Growth
Between a Rock and a Hard Place: Pandemic and Growth There is no way authorities can limit the coronavirus and restore global growth and debt expansion to December 2019 levels. Authorities around the world are between a rock and a hard place: they need policies that both limit the spread of the coronavirus and allow their […]
As Unemployment Claims Rise, So Do Missed Mortgage Payments
As Unemployment Claims Rise, So Do Missed Mortgage Payments Over 22 million people have filed for unemployment benefits in the past 4 weeks. Many struggle with payments. Black Knight reports More than 2.9 Million in Forbearance, 5.5% of All Mortgages Key Details As of April 16, more than 2.9 million homeowners – or 5.5% of all […]
The destructive force of bank credit
The destructive force of bank credit Commentators routinely confuse the deflationary effects of a contraction of bank credit with the inflationary effects of central bank policies designed to offset it. Central banks always ensure their stimulus is greater, so inflation, not deflation, is always the outcome. In order to understand bank credit, we must enter […]
When Economic Depression Follows Pandemic, No Time to Waste
When Economic Depression Follows Pandemic, No Time to Waste What the Bank of Canada and IMF see coming will demand bold stimulus. It is still sinking in that the end of the pandemic will not be the end of our troubles. On the contrary — we will likely see the end of the pandemic overlap […]
For Oil and Its Dependents, It’s Code Blue
For Oil and Its Dependents, It’s Code Blue The great price collapse of 2020 will topple companies and transform states. If oil has been laid low by the coronavirus, then the nations whose economies most depend on it might soon be on ventilators. By any prognosis the great oil price collapse of 2020 has pushed […]
Let the Institutional Innovation Begin! (Part I)
Let the Institutional Innovation Begin! (Part I) In corvid-19, neoliberal capitalism has met a formidable foe. The pandemic has shown just how fragile and dysfunctional the market/state order — as a production apparatus, ideology, and culture — truly is. Countless market sectors are now more or less collapsing with a highly uncertain future ahead. With […]
The Greatest Financial Crisis & Hyperinflation
THE GREATEST FINANCIAL CRISIS & HYPERINFLATION A Hyperinflationary Depression has always been the inevitable end to the biggest financial bubble in history. And this time it will be global. Hyperinflation will spread from country to country like Coronavirus. It could start anywhere but the most likely first countries are the US and the EU or ED (European […]
The Trickle-Up Bailout
The Trickle-Up Bailout It’s early days, but the Federal Reserve “bazooka” has mostly impacted the 1% Take a look at some contrasting sets of headlines. First, from planet earth: Weekly Jobless Claims Hit 5.425 Million, Raising Monthly Loss To 22 Million Due To Coronavirus (CNBC) Worst Case Fears Of 20%-Plus U.S. Jobless Rate Are Now Realistic (Bloomberg) […]
