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Negative Rates, The Destruction Of Money. Sweden Ends Its Experiment.
Negative Rates, The Destruction Of Money. Sweden Ends Its Experiment. Negative rates are the destruction of money, an economic aberration based on the mistakes of many central banks and some of their economists who start from a wrong diagnosis: the idea that economic agents do not take more credit or invest more because they choose to save […]
Can China Dethrone the US Dollar as Global Reserve
Can China Dethrone the US Dollar as Global Reserve As a result of this ‘trade war’ China has let the yuan slide versus the USD which is a warning to Trump, specifically Mnuchin. On the US dollar as reserve currency, that is a tough thing to break especially for China since the yuan is not […]
Welcome to the Era of Intensifying Chaos and New Weapons of Conflict
Welcome to the Era of Intensifying Chaos and New Weapons of Conflict Geopolitics has moved from a slow-moving, relatively predictable chess match to rapidly evolving 3-D chess in which the rules keep changing in unpredictable ways. A declining standard of living in the developed world, declining growth for the developed world and geopolitical jockeying for […]
How Congress and the Federal Reserve Stole Christmas
How Congress and the Federal Reserve Stole Christmas The bickering over impeachment did not stop the president and Congress from coming together last week to avert a government shutdown by passing a 1.4 trillion dollar spending package. The bipartisan agreement has something for everyone — a 22 billion dollars increase to bring total spending on […]
It’s Beginning to Look a lot Like…
IT’S BEGINNING TO LOOK A LOT LIKE… A BUBBLE! As the markets grind higher into the year-end the look of what is happening is becoming clear. The Fed is inflating a bubble. Valuation on the S&P is approaching 19x which is up from ~14-15x a year ago. Valuation isn’t a great tool for timing however […]
Why UVic Faculty Massively Voted to Divest from Fossil Fuels
Why UVic Faculty Massively Voted to Divest from Fossil Fuels It’s time to walk the talk on reconciliation and the climate crisis. Therefore, we think it is hypocritical for UVic to present itself as a sustainability and reconciliation leader while investing in companies that are primarily responsible for both the climate emergency and Indigenous dispossession. For example, UVic has […]
“Inflation Is Inevitably Going To Rise” – Is Alan Greenspan Right?
“Inflation Is Inevitably Going To Rise” – Is Alan Greenspan Right? Via DataTrekResearch.com, “Right now, there’s no real inflation at play. But if we go further than we are currently, inflation is inevitably going to rise.” That’s from Alan Greenspan on CNBC this week. The “further” relates to US Federal deficit spending, the idea being that […]
World Bank Warns “Wave Of Debt” Could Unleash Historic Crisis, Crush The Global Economy
World Bank Warns “Wave Of Debt” Could Unleash Historic Crisis, Crush The Global Economy Something happens to the world’s “really smart people” when the topic of debt is discussed: they become blabbering idiots. Consider that last month we reported that according to the Institute of International Finance, global debt has now hit $250 trillion and is expected […]
THE GLOBAL DEBT TICKING TIME-BOMB: The Reason To Own Gold & Silver
THE GLOBAL DEBT TICKING TIME-BOMB: The Reason To Own Gold & Silver As Global Debt reached a new record high of $250 trillion this year, gold and silver came briefly back on the radar for investors. After five long years, the precious metals finally broke through key technical levels this summer. However, after the Fed […]
Dave Collum’s 2019 Year In Review: “I Fought The Fed, And The Fed Won”
Dave Collum’s 2019 Year In Review: “I Fought The Fed, And The Fed Won” Authored by David B. Collum, Betty R. Miller Professor of Chemistry and Chemical Biology – Cornell University (Email: dbc6@cornell.edu, Twitter: @DavidBCollum), “I hope David comes to his senses.” ~ Nassim Taleb (@nntaleb), best-selling author and Professor at NYU Every year, David Collum writes a detailed […]
Humanity’s Salvation Will Necessarily Look Like A Leap Into The Unknown
Humanity’s Salvation Will Necessarily Look Like A Leap Into The Unknown If humanity is to turn away from its murderous, omnicidal, ecocidal, oppressive and exploitative trajectory, it will necessarily involve a sharp, drastic deviation from all its previous patterning. You would think that this would go without saying; obviously a drastic change in behavior will look […]
Paul Volcker: The Man Who Vanquished Gold
Paul Volcker: The Man Who Vanquished Gold The flood of obituaries that noted the passing of Paul Volcker (1927–2019) last week have almost all lauded his achievement as Fed chair (1979–1987) in reining in the double-digit inflation that ravaged the US economy during the 1970s. Volcker was referred to as the “former Fed chairman who […]
The Final Act
The Final Act In processing the flow of information about the goings on in the US, it is impossible to get rid of a most unsettling sense of unreality—of a population trapped in a dark cave filled with little glowing screens, all displaying different images yet all broadcasting essentially the same message. That message is […]
