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Macro Update – Gold, Bitcoin and the Gigantic Global Debt Bubble
Macro Update – Gold, Bitcoin and the Gigantic Global Debt Bubble Today’s the first day in a long time financial markets appear willing to at least consider the reality of the geopolitical situation on the ground for what it is, as opposed to what most people would like it to be. As I’ve noted for […]
Stocks Crater – 3.5 Trillion Dollars In Global Market Cap Wiped Out – China Considers “Dumping U.S. Treasuries”
Stocks Crater – 3.5 Trillion Dollars In Global Market Cap Wiped Out – China Considers “Dumping U.S. Treasuries” Wall Street responded to our escalating trade war with China by throwing a bit of a temper tantrum. On Monday the Dow Jones Industrial Average was down 617 points, and that was the worst day for the […]
The Drastic Alteration of QE that is About to be Unleashed
The Drastic Alteration of QE that is About to be Unleashed QUESTION #1: Sir, You stated in your blog that Fed may fix 2 and 10 year bond rates. Doesn’t this negate the yield curve concept/ credit theory? Won’t this accelerate the distrust for government? Wont this further accelerate/aggravate the pension crisis? Appreciate you teaching the […]
The Trend is Not Your Friend
The Trend is Not Your Friend The be-Muellered, bothered, and bewildered American public may find US-China trade talks about as interesting as a rain delay in an Orioles-Chisox game, but the Friday collapse of negotiations may be marked by historians as the day that the global economy died. The Big Box blue-light-special orgy of bargain […]
Debasing the Baseless–Modern Monetary Theory
DEBASING THE BASELESS – MODERN MONETARY THEORY Populist politicians are turning to Modern Monetary Theory Fiscal stimulus has not led to significant inflation during the last decade MMT is too radical to be adopted in full but the allure of fiscal expansion is great Asset markets will benefit over the medium-term A recent post from […]
Oil Jumps After Saudis Admit Two Tankers Attacked As Iran Tensions Soar
Oil Jumps After Saudis Admit Two Tankers Attacked As Iran Tensions Soar The bizarre and mysterious explosions that rocked the UAE port of Fujairah on Sunday just got even more strange after Saudi Arabia admitted overnight that two of its oil tankers were attacked while sailing toward the Persian Gulf possibly as part of the incident. Crude prices quickly jumped […]
Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines
Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines The global economy would be in serious trouble if it weren’t for the rapid growth of U.S. shale oil production. Since the 2008 financial crisis, U.S. shale oil production has increased by more than 6 million barrels per day. Without these additional […]
Excerpt from The Patterning Instinct: Can We Transform Our Society for a Flourishing Future?
Excerpt from The Patterning Instinct: Can We Transform Our Society for a Flourishing Future? Ed. note: Excerpted from the final two chapters of Jeremy Lent’s award-winning book, The Patterning Instinct: A Cultural History of Humanity’s Search for Meaning, (Prometheus, 2017) which explores the different ways cultures have patterned meaning into the cosmos, and reveals how various […]
At The End Of The Day, It’s All About Confidence
At The End Of The Day, It’s All About Confidence And sentiment in the markets is now souring. Bigly. While many factors contribute to their creation, market reversals only happen when a shift in sentiment occurs. That’s why bull markets can go on for much longer than reason merits. As long as the marginal buyer […]
Trump’s Vanity Will Destroy The Global Economy
Trump’s Vanity Will Destroy The Global Economy Last year I asked the question “Will Trump torch the global economy on the bonfire of his vanity?” A year later we have the answer. It’s a resounding, “Yes.” I wrote after Trump pulled out of the JCPOA: Donald Trump wants regime change in Iran. His cancellation of […]
Chapter 8: Negotiable Debt, A Bit of History
CHAPTER 8: NEGOTIABLE DEBT, A BIT OF HISTORY This chapter is a quick summary and clarification of what happens when debt becomes negotiable. The focus is on money, but other aspects are referred to, highlighting the general undesirability of making debt negotiable. There will be some repetition of material previously covered, for the sake of […]
The only gold the US shows – A working vault at West Point
The only gold the US shows – A working vault at West Point Every so often, US media coverage provides glimpses into the US Treasury’s gold reserves stored with the US Mint. While this coverage never documents any of the claimed “deep storage” gold of the US Treasury, it contains just enough suggestion for the populace […]
“China’s JPMorgan” Seeks Money From Its Employees To Avoid Collapse
“China’s JPMorgan” Seeks Money From Its Employees To Avoid Collapse Ever since Beijing allowed private Chinese companies (even certain state-owned enterprises) to officially fail for the first time in 2015, and file for bankruptcy to restructure their unsustainable debt loads, it’s been a one-way street of corporate bankruptcies, one which we profiled last June in […]
A “Cancer On Our Economy”: Report Finds Over $7 Billion Laundered Through British Columbia In 2018
A “Cancer On Our Economy”: Report Finds Over $7 Billion Laundered Through British Columbia In 2018 It may have taken a while, but now that housing prices are starting to crash in Vancouver, BC legislators are finally starting to get wise to the fact that the province has been a hot bed for money laundering. It was an easy […]
