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IMF Chief Warns Global Economy Faces New “Great Depression”
IMF Chief Warns Global Economy Faces New “Great Depression” How’s this for some New Years optimism? The new head of the IMF, who took over from Christine Lagarde in November, warned that the global economy could soon find itself mired in a great depression. During a speech at the Peterson Institute, IMF Chairwoman Kristalina Georgieva […]
The Bank of England’s Governor Fears a Liquidity Trap
The Bank of England’s Governor Fears a Liquidity Trap The global economy is heading towards a “liquidity trap” that could undermine central banks’ efforts to avoid a future recession according to Mark Carney, governor of the Bank of England. In a wide-ranging interview with the Financial Times (January 8, 2020), the outgoing governor warned that central banks […]
China’s Gold Hoarding: Will It Cause the Price of Gold to Rise?
China’s Gold Hoarding: Will It Cause the Price of Gold to Rise? There are reasons to think that the gold price will rise faster than expected. Since 2009 China has withdrawn 12,000 tonnes of gold from the rest of the world, where the short and medium-term gold price is set. For reasons I will explain, […]
How the US Wages War to Prop up the Dollar
How the US Wages War to Prop up the Dollar At Counterpunch, Michael Hudson has penned an important article that outlines the important connections between US foreign policy, oil, and the US dollar. In short, US foreign policy is geared very much toward controlling oil resources as part of a larger strategy to prop up the US dollar. […]
944 Trillion Reasons Why The Fed Is Quietly Bailing Out Hedge Funds
944 Trillion Reasons Why The Fed Is Quietly Bailing Out Hedge Funds On Friday, Minneapolis Fed president Neel Kashkari, who just two months earlier made a stunning proposal when he said that it was time for the Fed to pick up where the USSR left off and start redistributing wealth (at least Kashkari chose the proper entity: […]
VIDEO: The Fed’s Evil Juggernaut
VIDEO: The Fed’s Evil Juggernaut Don’t let it crush your future Juggernaut: (n) massive inexorable force, campaign, movement, or object that crushes whatever is in its path The US Federal Reserve is once again force-feeding liquidity into the system. At its fastest rate ever. The result? Record high stock prices whose valuations defy all logic. What’s wrong with […]
China’s Growing Economic Miracle…(Collapse). Or… Everyone Pays the Piper!
China’s Growing Economic Miracle…(Collapse). Or… Everyone Pays the Piper! In emulating the American economic raison d’etre, China has attempted to develop its unique capitalist model while ignoring that it too will soon suffer the same fate for the same reason: Unsustainable debt. When examining the recent realities of Chinese banking and finance over the past year it […]
What Will It Take to Get the Public to Embrace Sound Money?
What Will It Take to Get the Public to Embrace Sound Money? In the last decade, the combination of virulent asset price inflation and low reported consumer price inflation crippled sound money as a political force in the US and globally. In the new decade, a different balance between monetary inflation’s “terrible twins” — asset […]
Capitalism in America: How a Dismal Decimal is Robbing Americans Blind
Capitalism in America: How a Dismal Decimal is Robbing Americans Blind 31 Facts Showing How the Rich are Getting Richer and Everybody Else Poorer There is no hiding anymore, the United States has become an oligarch owned banana republic with nukes, and with a monopoly currency which has allowed it to rig the markets for […]
The Fed “Just Let The Cat Out Of The Bag”, Admits Being Forced To Fuel Asset Bubble
The Fed “Just Let The Cat Out Of The Bag”, Admits Being Forced To Fuel Asset Bubble Well the cat’s out of the bag… The worst kept secret in the financial world is now not only accepted orthodoxy, but finally being discussed openly by, at least some, authorities. Central bank policies are directly driving asset […]
Helicopter Money Is No Panacea
Helicopter Money Is No Panacea In recent decades, the Fed has engaged in a series of policy interventions and market manipulations that have paradoxically left it more powerful even as those interventions left a trail of crashes, collapses and calamities. This contradiction between Fed omnipotence and Fed incompetence is coming to a head. The economy […]
Surf’s Up!
Surf’s Up! The wave of change is finally here. Are you prepared to ride it? Nothing seems right anymore. In whichever direction we choose to look, things are unraveling at a quickening pace. Welcome to the Fourth Turning; and with it, a profound loss of trust in institutions and government. Such lack of social cohesion is […]
He Knows
He Knows Last week we found out that Dallas Fed president Kaplan knows that the Fed is creating excess and imbalances in stocks. Yes, bloating the Fed’s balance sheet by over $400B in four months has a massive impact on stock markets. And billions of repo liquidity unleashed each day can be seen impacting the daily […]
Real Gold vs Pretend Gold
Real Gold vs Pretend Gold The battle continued in 2019, and rarely has the disparity been this sharp. And what do we mean? Well, on one hand, you have real physical gold. This is gold that you store yourself or at a trusted vaulting company. This is gold that you can actually hold in your […]
