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America’s trade policy will end up destroying the dollar
America’s trade policy will end up destroying the dollar America’s tariffs against China are already showing signs of undermining the global economy and will create a funding crisis for the Federal Government when it leads to foreigners no longer buying US Treasury debt and selling down their existing dollar holdings. A subversive attempt by America […]
The Fed’s Answer to the Ghastly Monster of its Creation
The Fed’s Answer to the Ghastly Monster of its Creation The launch angle of the U.S. stock market over the past decade has been steep and relentless. The S&P 500, after bottoming out at 666 on March 6, 2009, has rocketed up over 370 percent. New highs continue to be reached practically every day. Over […]
US Enraged After 6 More EU Nations Join INSTEX To Bypass Iran Sanctions
US Enraged After 6 More EU Nations Join INSTEX To Bypass Iran Sanctions On Friday six European countries issued a bombshell joint statement declaring their intent to join INSTEX, or the Instrument in Support of Trade Exchanges, a European special-purpose vehicle serving as a ‘SWIFT alternative’ to bypass US sanctions on Iran. Finland, Belgium, Denmark, Netherlands, […]
The Rush To A Cashless Society Only Serves Globalist Interests
The Rush To A Cashless Society Only Serves Globalist Interests A fundamental pillar of true free markets is the existence of choice; the availability of options from production to providers to purchase mechanisms without interference from governments or corporate monopolies. Choice means competition, and competition drives progress. Choice can also drive changes within society, for […]
The Fed Detests Free Markets
The Fed Detests Free Markets To be completely honest, I wrote -most of- the second part of this a while ago, and then I was thinking this first part should be part of the second, if you can still follow me. But it doesn’t really, it’s fine. I wanted to write something to address how […]
Mauldin: We Are On The Brink Of The Second “Great Depression.”
Mauldin: We Are On The Brink Of The Second “Great Depression.” You really need to watch this video of a recent conversation between Ray Dalio and Paul Tudor Jones. Their part is about the first 40 minutes. In this video, Ray highlights some problematic similarities between our times and the 1930s. Both feature: a large wealth gap the […]
China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise
China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise Something is seriously starting to break in China’s financial system. Three days after we described the self-destructive doom loop that is tearing apart China’s smaller banks, where a second bank run took place in just two weeks – an unprecedented event for a country where until […]
French MPs Want To Ban Black Friday Because Of “Resource Waste” And “Overconsumption”
French MPs Want To Ban Black Friday Because Of “Resource Waste” And “Overconsumption” Members of the French Parliament are now demanding the government prohibit Black Friday, reported The Independent. French MPs passed an amendment Monday that could make the annual shopping holiday, widely popularized in the US, illegal, warning that a shopping frenzy causes “resources waste” and […]
Ex-BOJ Chief Regrets Not Hiking, Hated QE, Says Sub-1% Interest Rates Don’t Work
Ex-BOJ Chief Regrets Not Hiking, Hated QE, Says Sub-1% Interest Rates Don’t Work Things are going from bad to worse in Japan: 7 years after BOJ chief Kuroda launched QQE (subsequently with yield curve control) while monetizing tens of billions in ETFs, the central banks has failed to boost either Japan’s economy or its inflation, […]
What’s Behind the Subprime Consumer Loan Implosion?
What’s Behind the Subprime Consumer Loan Implosion? These are the good times, but why are subprime credit cards, auto loans, and short-term installment loans blowing out? This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: OK, we’ve got a situation in subprime consumer loans. The delinquency rate on credit-card loan balances at […]
Central Bankers Panic Over Exuberant Financial Market “Fragility”, Warn Risks Are “Underestimated”
Central Bankers Panic Over Exuberant Financial Market “Fragility”, Warn Risks Are “Underestimated” You know it’s bad when… even the central bankers are warning that the monster they’ve created is out of control. As stocks have exploded higher in the face of declining earnings… And collapsing macro-economic data… Policy makers from the world’s central banks are suddenly […]
Governments Need to Face Reality — the Fossil Fuel Industry Is Collapsing
Governments Need to Face Reality — the Fossil Fuel Industry Is Collapsing From Saudi Arabia to Alberta, the numbers are clear. But we still shovel taxpayers’ money at oil and gas companies. While Canadian politicians keep up their parochial posturing, a global storm is brewing. Around the world there is early evidence of a seismic shift. […]
Doug Casey on the Destruction of the Dollar
Doug Casey on the Destruction of the Dollar “Inflation” occurs when the creation of currency outruns the creation of real wealth it can bid for… It isn’t caused by price increases; rather, it causes price increases. Inflation is not caused by the butcher, the baker, or the auto maker, although they usually get blamed. On […]
We Can Only Choose One: Our National Economy or Globalization
We Can Only Choose One: Our National Economy or Globalization The servitude of society to a globalized economy is generating extremes of insecurity, powerlessness and inequality. Does our economy serve our society, or does our society serve our economy, and by extension, those few who extract most of the economic benefits? It’s a question worth asking, […]
Analysts Stunned After Lagarde Demands “Key Role” For The ECB In Climate Change
Analysts Stunned After Lagarde Demands “Key Role” For The ECB In Climate Change Having failed miserably to “trickle down” stock market wealth for a decade as was their intention, something Ben Bernanke made clear in his Nov 4, 2010 WaPo op-ed, central banks have moved on to more noble causes. Over the weekend Minneapolis Fed chair […]
