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Category Archives: Economics
The “Business” of Central Banking—Usury and Tax Farming
The “Business” of Central Banking—Usury and Tax Farming Central banking is “a great business to be in, where you print money, and people believe it.” That’s what the head of New Zealand’s central bank said recently in an unscripted moment of candor. It led me to wonder about the nature of this strange “business.” Let […]
World’s biggest economies pumping billions into fossil fuels in poor nations
World’s biggest economies pumping billions into fossil fuels in poor nations G20 countries spent $142bn in three years to expand operations despite a G7 pledge to stop doing so, study finds The world’s biggest economies have continued to finance the expansion of fossil fuels in poor countries to the tune of billions of dollars, despite […]
The CPI Rose Sharply in March Led by Shelter and Gasoline
The CPI Rose Sharply in March Led by Shelter and Gasoline The CPI rose 0.4 percent in March. Rent is up another 0.4 percent in March with gasoline up 1.7 percent. Together, the pair was about half of the total rise. CPI data from the BLS, chart by Mish Yet Another Groundhog Day for Rent […]
Biggest Corporate Welfare Scam of All Time
Biggest Corporate Welfare Scam of All Time President Joe Biden keeps lecturing corporate America to “pay your fair share” of taxes. It turns out he’s right that some companies really are getting away scot-free from paying taxes. But it isn’t Big Tech companies in Silicon Valley or the Wall Street financial company “fat cats” or […]
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar Global reserve currency status allows for amazing latitude in terms of monetary policy. The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally […]
Biden’s Inflation Narrative Dies as Price Growth Rises to a Seven-Month High
Biden’s Inflation Narrative Dies as Price Growth Rises to a Seven-Month High “…we can expect the administration and the regime in general to continue gaslighting the public and claiming that greedy capitalists cause inflation.” According to the Bureau of Labor Statistics’ latest price inflation data, CPI inflation in March rose to a seven-month high, and price inflation […]
This Double Whammy Will Unleash Unprecedented Money Printing… or Break the U.S. Economy
This Double Whammy Will Unleash Unprecedented Money Printing… or Break the U.S. Economy Deficits, Deficits, and More Deficits, Unravelling Social Security, Money Printer Going Brrr “A government big enough to give you everything you want is a government big enough to take from you everything you have.” ~ Gerald Ford The Federal Reserve is gearing […]
Today’s Contemplation: Collapse Cometh XCVI–Technological ‘Breakthroughs’, Ponzi Schemes, and ‘Green’ Energy
Today’s Contemplation: Collapse Cometh XCVI February 3, 2023 (original posting date) Monte Alban, Mexico. (1988) Photo by author. Technological ‘Breakthroughs’, Ponzi Schemes, and ‘Green’ Energy A collection of my recent comments on posts/articles that have been shared with me via FB groups/pages. I share these to provide further ‘insight’ into where I am coming from in my […]
Crude, Food Prices Jump As Looming Israel-Iran Conflict Spark 1970s Oil Shock Fears
Crude, Food Prices Jump As Looming Israel-Iran Conflict Spark 1970s Oil Shock Fears Larry MacDonald of The Bear Traps Report penned a very informative note last month that outlined, “2023-2024 look a lot like 1973-1974.” He said, “We’re one event away from a 1970s-style stagflation explosion…” History books remind us that the 1973 oil embargo shook the global […]
Video: Canadians Plunged Into Poverty. Can’t Afford to Eat! Sign of Major Economic Collapse
Video: Canadians Plunged Into Poverty. Can’t Afford to Eat! Sign of Major Economic Collapse This video vividly describes economic collapse and the plight of poverty in Canada, without however focussing on the underlying causes, nor the historical context. Remember the March 11, 2020 Lockdown. Destabilizing the social, political and economic structure of 190 sovereign countries cannot constitute […]
Something Broke In Markets On Thursday
Something Broke In Markets On Thursday This Friday is going to be a session for active short-term traders, and it will likely be unpleasant for investors. Something broke in markets on Thursday. There are a few things that worry me about the latest bout of risk aversion. This is in context that I’ve been an unrelenting stocks bull since […]
Global ‘Game Of Chicken’ Continues – MOAB >> NFP
Global ‘Game Of Chicken’ Continues – MOAB >> NFP Today we will hit two topics, NPF and MOAB. Let’s Start with NFP About as good as it gets for the economy, not so good for Fed cuts. Not only were the headline jobs better than the top estimates on Bloomberg (303k jobs). We also revised […]
Today’s Contemplation: Collapse Cometh XCV–We All Believe What We Want To Believe
Today’s Contemplation: Collapse Cometh XCV January 31, 2023 (original posting date) Monte Alban, Mexico. (1988) Photo by author. We All Believe What We Want To Believe The following Contemplation is my comment in response to a thought-provoking post I read by Dave Pollard at his site How to Save the World. Great read, thanks for sharing. A […]
Today’s Contemplation: Collapse Cometh XCIV–‘Representative’ Democracy: A Ruse To Convince Citizens That They Have Agency In Their Society
Today’s Contemplation: Collapse Cometh XCIV January 29, 2023 (original posting date) Monte Alban, Mexico. (1988) Photo by author. ‘Representative’ Democracy: A Ruse To Convince Citizens That They Have Agency In Their Society A friend recently posted on my FB timeline the link to an article about the plans of our provincial government in opening up sections of […]
