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How Long Will It Take For The US To Collapse?
How Long Will It Take For The US To Collapse? Friday, 03 January 2020 05:11 Brandon Smith There are a multitude of false assumptions out there on what the collapse of a nation or “empire” looks like. Modern day Americans have never experienced this type of event, only peripheral crises and crashes. Thanks to Hollywood, […]
Peter Schiff: The 20’s Will Be An Explosive Decade for Gold
Peter Schiff: The 20’s Will Be An Explosive Decade for Gold In 2019, gold had its best year since 2010. Peter Schiff appeared on the RT Dec. 31 and said he thinks the yellow metal should have done even better. And given the current economic conditions, he believes the 20’s will be an explosive decade for gold. You […]
The Last Time Markets Were This Over-Valued, DotComs Crashed & The VIX Complex Collapsed
The Last Time Markets Were This Over-Valued, DotComs Crashed & The VIX Complex Collapsed If you’re buying stocks here with both hands and feet, these are the ‘facts’ you’re accepting… The market has never, ever been more complacent… At least 12 people dead in Kazakhstan plane crash The market has never, ever been more highly priced. […]
Global Financial System Is A Big Rube Goldberg Machine
Global Financial System Is A Big Rube Goldberg Machine While pondering the current economy that is becoming more of a conundrum every day, I stumbled upon an analogy I would like to share. The global economy is like a giant “Rube Goldberg” machine. It is a ridiculously complicated contraption built to perform what should normally be a […]
Prelude to Crisis
Prelude to Crisis Simple ConceitRadical ActionsBallooning Balance SheetMerry Christmas and the Happiest New Year Ignoring problems rarely solves them. You need to deal with them—not just the effects, but the underlying causes, or else they usually get worse. The older you get, the more you know that is true in almost every area of life. […]
Helicopter Money Is Here: How The Fed Monetized Billions In Debt Sold Just Days Earlier
Helicopter Money Is Here: How The Fed Monetized Billions In Debt Sold Just Days Earlier The Fed’s charter prohibits its from directly purchasing bonds or bills issued by the US Treasury: that process is also known as monetization and various Fed chairs have repeatedly testified under oath to Congress that the Fed does not do […]
Jim Bianco Says This Is QE, Like Y2K
Jim Bianco Says This Is QE, Like Y2K In contrast to Hussman, Jim Bianco, at Bianco Research says the Fed’s repo actions are QE. Earlier today I posted, Hussman Sides with Powell: It’s Not QE4. If Hussman convinced you the Fed was not conducting QE, I will give you a chance to change your mind again. […]
Dr. Fed Frankenstein Kept Alive by Zombies
Dr. Fed Frankenstein Kept Alive by Zombies Did you know Dr. Frankenstein created a monster that stays alive to this day by eating zombies? Neither did the zombies. Neither, apparently, did Dr. Frankenstein. In fact, the zombies, being braindead as zombies are, do not realize that they are also keeping alive the diabolical doctor who […]
A Major Bank Admits QE4 Has Started, And That Stocks Are Rising Because Of The Fed’s Soaring Balance Sheet
A Major Bank Admits QE4 Has Started, And That Stocks Are Rising Because Of The Fed’s Soaring Balance Sheet There was a period of about two months when some of the more confused, Fed sycophantic elements, would parrot everything Powell would say regarding the recently launched $60 billion in monthly purchases of T-Bills, and which […]
The Ethics of a Gold Standard
The Ethics of a Gold Standard The efficacy of a metallic monetary system is beyond dispute at least among real economists which eliminates just about 95% of whom are now engaged in the “profession.” Money, which gold is, allows for specialization, the division of labor, and provides the means for mankind to escape from barter and, […]
Jim Rickards Warns that Tsunami of Debt Could Upend the Economy
Jim Rickards Warns that Tsunami of Debt Could Upend the Economy At some point, an economic problem deepens so much that the piper has to be paid. Both in the U.S. and globally, one of those problems appears to be mountains of debt. Jim Rickards recently issued a dire proclamation about the global debt situation: Current global debt levels are simply […]
Life Comes At Us Way Too Fast: One Banker’s Striking Explanation Why Nothing Makes Sense Any More
Life Comes At Us Way Too Fast: One Banker’s Striking Explanation Why Nothing Makes Sense Any More Deutsche Bank’s postmodern philosopher-cum-credit strategist Aleksandar Kocic, who missed his true calling and instead of writing a sequel to Ulysses, Finnegan’s Wake or some other pomo stream of consciousness piece in the style of Lacan, Derrida, Deleuze (or […]
Farewell to Paper Money?
Farewell to Paper Money? A decade or more ago, I began to discuss with associates the possibility of governments and banks colluding to eliminate physical cash. Back then, the idea struck most everyone as poppycock, that governments could never get away with it. I didn’t write on the subject until 2015, when several countries had […]
Guggenheim’s Minerd Warns Of A Nearing ‘Minsky Moment’ That Could “Reset” Asset Prices
Guggenheim’s Minerd Warns Of A Nearing ‘Minsky Moment’ That Could “Reset” Asset Prices Guggenheim Partners’ Scott Minerd warned in a new market outlook titled “From the Desk of the Global CIO: Risk and Reward of Successful ‘Mid-Cycle’ Rate Cuts” that recent 75bps rate cuts by the Jerome Powell–run Federal Reserve had created a similar environment today to 1998 when central […]
