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The Reality of Trade Between USA & China
The Reality of Trade Between USA & China We are clearly cascading toward the Monetary Crisis Cycle as the USA wrong accuses China of manipulating its currency for trade advantages. All one needs do is look at the trend of the dollar against other major world currencies and you will quickly see that the trend […]
Peter Schiff On Today’s Sell Off: The Fed Is “Lying”, Rates Are Going Back To 0%, Gold Is Going To $2,000
Peter Schiff On Today’s Sell Off: The Fed Is “Lying”, Rates Are Going Back To 0%, Gold Is Going To $2,000 On a day where it looks as though the Fed’s bullshit “magic potion” may finally be wearing off on the stock market, Peter Schiff joined Chris Irons on the Quoth the Raven Podcast to speak about today’s market […]
Hong Kong Riots Reveal A Looming Crisis At The World’s 6th Largest Bank
Hong Kong Riots Reveal A Looming Crisis At The World’s 6th Largest Bank Earlier today, in addition to the chaos surrounding the escalation of the US-China trade and currency war, we also got news which slipped under the radar that the CEO of HSBC, one which with $2.6 trillion in assets is the largest UK bank and […]
Fourth Turning Economics
Fourth Turning Economics “In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses […]
A tale of two deflations
A tale of two deflations Japanification is a term that has re-emerged recently. It refers to the prolonged economic stagnation of Japan, which commenced after a financial crash in the early 1990s. The stagnation of Japan has been marked by very low inflation (recurring periods of deflation), stagnating productivity growth and a massive increase in government […]
Nothing Is Guaranteed
Nothing Is Guaranteed There are no guarantees, no matter how monumental the hubris and confidence. The American lifestyle and economy depend on a vast number of implicit guarantees— systemic forms of entitlement that we implicitly feel are our birthright. Chief among these implicit entitlements is the Federal Reserve can always “save the day”: the Fed has the tools […]
4 Reasons To Expect Even More US-China Trade (And Currency) War Escalation
4 Reasons To Expect Even More US-China Trade (And Currency) War Escalation As we noted earlier when summarizing some of the more notable Wall Street reactions to China’s jarring trade war escalation, we highlighted the take of Morgan Stanley’s chief US public policy strategist, Michael Zezas, who said that he saw incentives for the U.S. to escalate […]
Report: Just Ten Percent of Global Fossil Fuel Subsidies Would Completely Pay For a Global “Green Transition”
Report: Just Ten Percent of Global Fossil Fuel Subsidies Would Completely Pay For a Global “Green Transition” Stephanie Kelton explaining what Ben Bernanke meant in 2009 when he said the Fed doesn’t “spend tax money” when it transfers money to banks, but simply changes numbers in a computer. “To lend to a bank, we simply […]
The Real Reason US Central Bankers Cannot Raise Interest Rates for the Rest of 2019
The Real Reason US Central Bankers Cannot Raise Interest Rates for the Rest of 2019 The real reason why the US Central Bank cannot raise interest rates can traced back to eight simple words – their response to the 2008 global financial crisis. US Central Bankers reached a crossroad of responsibility versus socialism for the […]
Could The U.S Be Gearing Up To a Return to the Gold Standard?
Could The U.S Be Gearing Up To a Return to the Gold Standard? There may be readers who weren’t even born when the U.S. still had a gold-backed dollar. Since the gold standard was abolished in 1971, the value of the dollar has decreased annually by 3.96 percent. You would need over $600 today to […]
Opinion: 10 alarming things about the economy that politicians won’t tell you
Opinion: 10 alarming things about the economy that politicians won’t tell you The Congressional Budget Office reveals shocking forecasts for immigration, debt and spending for the next 30 years How do you know a politician is lying to you? Simple: His lips are moving. Yes, it’s an old one — but none the worse for that. […]
Currency War Begins: Chinese Yuan Crashes Past 7 To New Record Low; Global Markets Tumble After Beijing Suspends US Agri Imports
Currency War Begins: Chinese Yuan Crashes Past 7 To New Record Low; Global Markets Tumble After Beijing Suspends US Agri Imports Update 3: The carnage from yuan volatility is starting to spread… Chinese bond yields are tumbling… Dow futures are down 300 points… S&P futures below 2900… UST yields are collapsing… And the yield curve […]
America’s Collapse: #2 in a series
America’s Collapse: #2 in a series An Economy Based on Plunder Capitalists have claimed responsibility for America’s past economic success. Let’s begin by setting the record straight. American success had little to do with capitalism. This is not to say that the US would have had more success with something like Soviet central planning. Prior to 1900 […]
Signs of recession are hitting Europe. Is its new Central Bank president up for the challenge?
Signs of recession are hitting Europe. Is its new Central Bank president up for the challenge? If new institutional reform is to come to the Eurozone, it will entail a major paradigmatic shift We now know that there will be a changing of the guard at the European Central Bank (ECB) in October. The current […]
