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Category Archives: Economics
What We’ve Lost
What We’ve Lost This is only a partial list of what we’ve lost to globalism, cheap credit and the Tyranny of Price which generates the Landfill Economy. A documentary on the decline of small farms and the rural economy in France highlights what we’ve lost in the decades-long rush to globalize and financialize everything on […]
55 Ways to Starve the Beast
55 Ways to Starve the Beast A term coined in 1985 by an unnamed staffer of the Reagan administration was “Starve the Beast”. This referred to a fiscally conservative political strategy to cut government spending by paying less in taxes. So, in the original sense, “the Beast” was the government, and people were to starve […]
Global Warming
GLOBAL WARNING “Sic Transit Gloria Mundi” (Thus passes the glory of the world). This phrase was used at the papal coronations between the early 1400s and 1963. It was meant to indicate the transitory or ephemeral nature of life and cycles. As we are now facing the end of a major economic, political and cultural cycle, […]
The Fed is Lying to Us
The Fed is Lying to Us “When it becomes serious, you have to lie” The recent statements from the Federal Reserve and the other major world central banks (the ECB, BoJ, BoE and PBoC) are alarming because their actions are completely out of alignment with what they’re telling us. Their words seek to soothe us […]
Economists: Greta Thunberg’s Ideal World Would Result In A “Human Tragedy Of Disastrous Proportions”
Economists: Greta Thunberg’s Ideal World Would Result In A “Human Tragedy Of Disastrous Proportions” Whether you were inspired by Greta Thunberg’s tearful UN speech… …. or merely thought it was the year’s greatest meme, in which an indoctrinated, emotionally frail child is being preyed upon by adults with a far bigger and more lucrative agenda, […]
Economic Decay Leads to Social and Political Decay
Economic Decay Leads to Social and Political Decay If we want to make real progress, we have to properly diagnose the structural sources of the rot that is spreading quickly into every nook and cranny of the society and culture. It seems my rant yesterday (Let Me Know When It’s Over) upset a lot of people, many […]
Peter Schiff: Trump and the Fed Are Reading Off the Same Script
Peter Schiff: Trump and the Fed Are Reading Off the Same Script Stocks took off on Friday on several big news items – most significantly President Trump’s announcement that the US and China have worked out phase one of a trade deal. In his podcast, Peter broke down the news. He also made an interesting […]
Not Transitory – Fed Liquidity Handout Surges To Near $90 Billion
Not Transitory – Fed Liquidity Handout Surges To Near $90 Billion So much for the ‘transitory’ liquidity shortage arguments put forth by commission-takers and asset-gatherers, The NYFed accepted $87.7 billion (in o/n and term) repo today – the highest level yet. The Fed accepted $20.1 billion in 14-day term repo… And $67.7 billion in overnight […]
The Ghost Election Issue We Need to Get Real about: Personal Debt
The Ghost Election Issue We Need to Get Real about: Personal Debt Canadians are so deep in the red it colours how we see vital issues. Today we manufacture armored vehicles for the brutal regime in Saudi Arabia while fretting about domestic job losses if we don’t. Conservative Leader Andrew Scheer pledges to slash Canada’s already paltry […]
Changes are Coming in 2020
Changes are Coming in 2020 QUESTION: I have a question, you wrote : “Those in Europe who have a position in cash, it may be better to have shares or a private sector bond or US Treasury. Given the policy in Europe of no bailouts, leaving cash sitting in your account could expose you to risk […]
Central Banks Are Just Getting Warmed Up
Central Banks Are Just Getting Warmed Up According to all central banks, one of the main problems they are called to solve is that countries cannot reach their inflation target of (close to but below) 2 percent. Even their religious trust in the long-discredited Phillips curve cannot explain why price inflation is low in many countries despite […]
Economists Puzzled By Surge In US Money Supply
Economists Puzzled By Surge In US Money Supply Summary: Uncertainty incites a dash to cash, which we’ve seen at an accelerated pace beginning about five months ago, amounting to $887.4B; In the two weeks ended September 30th, MZM rose by $158.1B, a figure that has only been eclipsed in the immediate aftermath of 9/11 Declining […]
Underestimating Them & Overestimating Us
UNDERESTIMATING THEM & OVERESTIMATING US “Do not underestimate the ‘power of underestimation’. They can’t stop you, if they don’t see you coming.” ― Izey Victoria Odiase During the summer of 2008 I was writing articles a few times per week predicting an economic catastrophe and a banking crisis. When the biggest financial crisis since the Great […]
Central Banks Trapped by Their Theories
Central Banks Trapped by Their Theories QUESTION: Hi Martin, I can understand how JP and EU backed themselves into a corner with negative rates. Happy to give them the benefit of the doubt when this all started 3-4 years ago even though it was obvious this was not going to end well.However, what I don’t understand […]
