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The Most Splendid Housing Bubbles in Canada Deflate Further
The Most Splendid Housing Bubbles in Canada Deflate Further Vancouver prices drop. Toronto down 3.7% from peak, flat for 10 months. Winnipeg plunges most since at least 1990. Quebec City flat for 6 years. In Greater Vancouver, BC, Canada, house prices fell 0.4% in April from March, the ninth month in a row of month-to-month […]
Liquidity Stress Fractures Begin to Show in the Federal Reserve System
Liquidity Stress Fractures Begin to Show in the Federal Reserve System In my January Premium Post, “An Interesting Interest Conundrum,” I laid out how the Federal Reserve was losing control over the Fed funds rate — a loss of control over its bedrock interest rate that indicates financial stresses are building in the banking system […]
Not Just a Trade War, But a Shooting War With China
Not Just a Trade War, But a Shooting War With China The Chinese came from nothing; only 40 years ago, they had nothing but a billion impoverished peasants. No money. No technology. No power. Today, they’re on par with the United States. But, if this trend continues – which it will – their economy will […]
The Pivot Point
The Pivot Point The massive economic shock following the banking collapse of 2007–8 is the direct cause of the crisis of confidence which is affecting almost all the institutions of western representative democracy. The banking collapse was not a natural event, like a tsunami. It was a direct result of man-made systems and artifices which […]
The Income Tax is Destroying the World Economy
The Income Tax is Destroying the World Economy It is imperative that we MUST eliminate the income tax. It is a purely a Marxist development that is destroying the world economy. The income tax has become such a tyranny that our liberty, freedom of movement, and world economic growth are all at great risk. Never before in […]
Post-tariff considerations
Post-tariff considerations President Trump has declared he will extend tariffs of 25% on all America’s imports of Chinese goods. China is responding with tariff increases of its own. The consequences of this action and reaction will be to kick-start higher monetary inflation in America and an economic slump. This article explains how an overdue credit […]
Prepare for Trench Warfare
Prepare for Trench Warfare What if China isn’t half so desperate for a deal as the president believes? Are we in for an extended siege of economic trench warfare? Today we explore possibilities… and their implications. We first direct our gaze to Wall Street. Investors came crouching from their shelters this morning… as if expecting […]
Total Catastrophe For U.S. Corn Production: Only 30% Of U.S. Corn Fields Have Been Planted – 5 Year Average Is 66%
Total Catastrophe For U.S. Corn Production: Only 30% Of U.S. Corn Fields Have Been Planted – 5 Year Average Is 66% 2019 is turning out to be a nightmare that never ends for the agriculture industry. Thanks to endless rain and unprecedented flooding, fields all over the middle part of the country are absolutely soaked […]
“Significant Slowdown” Spooks Maersk At Mediterranean’s Third Largest Port
“Significant Slowdown” Spooks Maersk At Mediterranean’s Third Largest Port Malta Freeport, the third largest transshipment port in the Mediterranean region and located on the island of Malta, has seen a “significant slowdown in business activity” since 2H18. One of its major clients, Maersk, the largest container ship and supply vessel operator in the world, has […]
Global Trade Collapsing To Depression Levels
Global Trade Collapsing To Depression Levels With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, “threaten to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals […]
Central banks are buying gold at the fastest pace in six years
Central banks are buying gold at the fastest pace in six years Earlier this month the World Gold Council published its quarterly report– and it shows that central banks and foreign governments from around the world are buying up gold at their fastest pace in six years. This is pretty big news, and it says […]
In The Fed We Trust – Part 1
In The Fed We Trust – Part 1 This article is the first part of a two-part article. Due to its length and importance, we split it to help readers’ better digest the information. The purpose of the article is to define money and currency and discuss their differences and risks. It is with this […]
The Economy Has Fundamentally Changed in the 21st Century–and Not for the Better
The Economy Has Fundamentally Changed in the 21st Century–and Not for the Better The net result is we have an economy that’s supposedly expanding smartly while our well-being and financial security are collapsing. Gross Domestic Product (GDP) and other metrics of economic activity don’t measure either broad-based prosperity or well-being. Elites skimming financialization profits by expanding […]
Peter Schiff: The Uber IPO Fiasco and the Writing On the Wall
Peter Schiff: The Uber IPO Fiasco and the Writing On the Wall Uber launched its IPO on Friday. It was less than ideal. Meanwhile, the Federal Reserve is talking about how it wants to tweak its quantitative easing program when the next recession rolls around. Peter Schiff talked about how these things relate — and […]
