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The Federal Reserve is a Barbarous Relic
The Federal Reserve is a Barbarous Relic The Sky is Falling The man from the good place. “As I was going up the stair, I met a man who wasn’t there. He wasn’t there again today, Oh how I wish he’d go away!” [PT] Ptolemy I Soter, in his history of the wars of Alexander the Great, […]
The End Of Money
The End Of Money Prepare for the coming wealth transfer Today we live in a bifurcated economy: it is boom times for some and bust times for others. Your personal situation depends largely on how close you fall on the socioeconomic spectrum to the protected elite class, towards which the central banks are directing their […]
The monetary lessons from Germany
The monetary lessons from Germany Germany suffered two currency collapses in the last century, in 1920-23 and1945-48. The architect of the recovery from the former, Hjalmar Schacht, chose to cooperate with the Nazi successors to the Weimar Republic, and failed. In that of the second, Ludwig Erhard remained true to his free market credentials and […]
Putting Federal Debt In Perspective Against those Responsible In The Future
Putting Federal Debt In Perspective Against those Responsible In The Future Since 2007, US federal debt has risen 150% while annual US births (legal and otherwise) have fallen almost 14%. Said otherwise, over the dozen years since 2007, federal debt has increased by $13.8 trillion while 5.2 million fewer births have occurred over the same […]
The Third Wave Of Globalization Has Ended
The Third Wave Of Globalization Has Ended The global economy is certainly at crossroads. Protectionism and nationalism, a well-matched marriage of global chaos at the moment, has threatened to end the third wave of globalization that began in the late 1980s. Capital Economics has published a compelling research note, titled “The end of globalization,” specifying […]
How Central Banks Fund Our Age of Endless War
How Central Banks Fund Our Age of Endless War [This talk was delivered at the Mises Circle in New York City on September 14, 2012.] The 20th century was the century of total war. Limitations on the scope of war, built up over many centuries, had already begun to break down in the 19th century, but they […]
Peter Schiff: When Is the Market Going to Wake Up to this Con?
Peter Schiff: When Is the Market Going to Wake Up to this Con? As expected, the Federal Reserve cut interest rates another 25 basis points on Wednesday. The mainstream read the post FOMC meeting comments to be relatively hawkish, saying Powell and Company seemed to indicate that future rate cutting is on pause. Peter Schiff […]
Is A “Classic End-Of-Cycle Melt-Up” Imminent?
Is A “Classic End-Of-Cycle Melt-Up” Imminent? Potential for the data deterioration theme to pause in the next quarter Phase 1 US-China deal could pivot Manufacturers from inventory destocking to restocking Key manufacturers talking about this potential on earnings calls This underappreciated catalyst could cause a temp bounce in the economic data, lift stocks and curve […]
The Austrian School Warned, the ECB Didn’t Listen
The Austrian School Warned, the ECB Didn’t Listen Looking at the current situation, one can easily perceive that our economic environment is not in the best condition. The whole of Europe is suffering from an economic stagnation, if not in some countries even a slowdown, that could very well turn into an economic recession sooner […]
Is The Era Of U.S. Energy Dominance Already Over?
Is The Era Of U.S. Energy Dominance Already Over? The global oil industry is a highly lucrative sector that is strongly influenced by geopolitical developments. As the Post-Cold War era comes to an end, a new status quo is arising. The U.S. was once the only player with the capability to significantly influence energy markets around the […]
Fed Has Shovel, Digs Bigger Hole
Fed Has Shovel, Digs Bigger Hole Let’s get to the bottom line on all this “rate cut” nonsense. The Fed made a fatal mistake in first promoting “fiscal” actions (during the 08 crash) and then continuing to support them well after the bottom in 2009. This allowed Barack Obama to run trillion dollar deficits for years and, once he did […]
What Will Stocks Do When “Consensual Hallucination” Ends?
What Will Stocks Do When “Consensual Hallucination” Ends? The phenomenon works – until it doesn’t. What’s astonishing is how long it works. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: There is a phenomenon in stock markets, in bond markets, in housing markets, in cryptocurrency markets, and in other markets where […]
The Fed’s Liquidity Response Is Too Little Too Late – But That Was Always The Plan…
The Fed’s Liquidity Response Is Too Little Too Late – But That Was Always The Plan… The globalists and banking elites have been running the “order out of chaos” scam for a long time, centuries in fact. One thing that practice does is make people of otherwise average intelligence appear brilliant. One thing that organized […]
Chinese Bank On Verge Of Collapse After Sudden Bank Run
Chinese Bank On Verge Of Collapse After Sudden Bank Run First it was Baoshang Bank , then it was Bank of Jinzhou, then, two months ago, China’s Heng Feng Bank with 1.4 trillion yuan in assets, quietly failed and was just as quietly nationalized. Today, a fourth prominent Chinese bank was on the verge of collapse under the weight […]
