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The Federal Reserve Is About to Go Full Banana Republic
The Federal Reserve Is About to Go Full Banana Republic Peeling back the truth, one banana at a time. According to an article on Yahoo! today, the top banana in finance, J. Powell, has already decided to go full bananatard. It is the financial hallmark of banana republics to print money in order to finance […]
WEF Report Supports CBDC and Digital ID, Urges Public-Private Collaboration in Finance
WEF Report Supports CBDC and Digital ID, Urges Public-Private Collaboration in Finance WEF’s ambiguous stance on digital currencies raises eyebrows, suggesting a veiled push for CBDCs under the guise of collaboration. The World Economic Forum (WEF) is clearly championing the introduction not only of (retail) central bank digital currencies (CBDCs) for the general public but […]
Recession Watch: Why isn’t “inevitable” becoming “imminent”?
Recession Watch: Why isn’t “inevitable” becoming “imminent”? Because “fiscal dominance”… So that recession I keep whining about still hasn’t arrived. What’s going on out there to keep “inevitable” from becoming “imminent”? It might be as simple as a government borrowing insane amounts of money and giving it to arms makers, banks, and AI companies. This […]
‘Washout winter’ spells price rises for UK shoppers with key crops down by a fifth
‘Washout winter’ spells price rises for UK shoppers with key crops down by a fifth Analysts say impact on wheat, barley, oats and oilseed rape harvests means price rises on beer, bread and biscuits and more food imported UK harvests of important crops could be down by nearly a fifth this year due to the […]
Notes from the edge of civilization: Apr. 28, 2024
Notes from the edge of civilization: Apr. 28, 2024 No one wants EVs, but governments keep subsidizing them; Canada’s economy is being zombified; Education — higher and otherwise — is still woke, but not awake; and, cursive as cure. TRUTH IN ADVERTISING: Even Ford’s own marketing materials admit that EVs are a product “drivers really want… but […]
Can the US Legally Seize Russian Assets? Should It?
Can the US Legally Seize Russian Assets? Should It? Congress’s aid package encourages the president to seize frozen Russian reserves to support Ukraine. But the legality and desirability are both questionable. REPO Act Lets Biden Boost Ukraine The Wall Street Journal writer, Robert B. Zoellick, says REPO Act Lets Biden Boost Ukraine Now that Congress has […]
Economy Plunges into Stagflation with Both Feet
Economy Plunges into Stagflation with Both Feet Talk about a one-two-three punch to the ground! Stagflation came in perfectly on target for The Daily Doom’s predictions today. Real GDP is now falling much harder than was expected yesterday by two-faced Jamie Dimon when he spoke out of his second face, saying the economy is “booming,” backed by “healthy consumer finances.” He […]
Bank Failure: MAYBE nothing to see here this time.
Bank Failure: MAYBE nothing to see here this time. Regulators seized their first bank of the year on the same day that regulators are telling other regulators and financial institutions to ready themselves for possible trouble in the major financial clearing houses. (At least, same day in terms of when it hit the news.) Reminder: It was […]
Financial turmoil in Canada – and what it means for the rest of the world
Financial turmoil in Canada – and what it means for the rest of the world Max Bernier, leader of the People’s Party of Canada, says the new federal budget will send the country deeper into debt than it already is. Our latest episode of the Collapse Life podcast features a returning guest — Maxime Bernier, […]
Central Banks Are Wrong about Rate Cuts
Central Banks Are Wrong about Rate Cuts When we talk about monetary policy, people do not understand the importance of interest rates reflecting the reality of inflation and risk. Interest rates are the price of risk and manipulating them down leads to bubbles that end in financial crises, while imposing too high rates can penalize the […]
Russia To Seize $440 Million From JPMorgan
Russia To Seize $440 Million From JPMorgan Seizing assets? Two can play at that game… Just days after Washington voted to authorize the REPO Act – paving the way for the Biden administration confiscate billions in Russian sovereign assets which sit in US banks – it appears Moscow has a plan of its own (let’s call it the […]
Kazakhstan’s Oil Flows to Germany Threatened as Russia Demands Transit Fees
Kazakhstan’s Oil Flows to Germany Threatened as Russia Demands Transit Fees Russian pipeline operator Transneft has warned Kazakhstan’s oil companies that ship crude to Germany via Transneft’s Druzhba pipeline that the customers of the Kazakh firms have until June to pay for metering services or risk a halt to supplies, trading sources told Reuters on Thursday. In […]
How Far Can The Yen Fall Before Japan Goes Bankrupt?
How Far Can The Yen Fall Before Japan Goes Bankrupt? We may be about to find out Japan’s ongoing march to national bankruptcy has been a recurring theme here. See: Japan Is In That Box Japan Takes Another Step Towards the Cliff How a Country Goes Bankrupt, In 10 Steps Now the death spiral has […]
Growth in Spending Exceeds Growth in Income for Most of the Last 10 Months
Growth in Spending Exceeds Growth in Income for Most of the Last 10 Months A deeper dive into personal income and outlays for March shows significant signs of consumer stress to maintain standards of living. Real Income and spending data from the BEA, chart by Mish This is a follow-up with a couple new charts […]
Bank Failures Begin Again: Philly’s Republic First Seized By FDIC
Bank Failures Begin Again: Philly’s Republic First Seized By FDIC Who could have seen that coming? (here, here, here, and most detailed here) Admittedly, we were a couple of weeks off, but trouble has been brewing in the banking sector and tonight – after the close – we get the first bank failure of the year.
