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Are Two-Tier Monetary Systems a Possible Tool?
Are Two-Tier Monetary Systems a Possible Tool? QUESTION: Mr. Armstrong; It seems few people even understand that there have been two-tier monetary systems. Do you think this can be a possible tool in the currency crisis you are forecasting for 2021? Thank you; Looking forward to Rome and meeting Mr, Farage as well PC ANSWER: Various […]
List of 24 Points Pressing Hard toward Recession
List of 24 Points Pressing Hard toward Recession The US stock market is slightly overbought (which is not a positive in terms of head room for more of a rally). It’s massively built up on debt that is now more expensive to maintain and/or obtain. The Fed is still rapidly tightening money supply and says […]
Mismatch Oh dear. People are embracing the bubble and, as it happens in every bubble, fantastical narratives are emerging to justify the valuations and the price momentum as folks cannot square reality with non stop levitation in equity prices. Never mind that the final price spurt in any bubble is the most dangerous and most […]
Fragility in the World 2019
Fragility in the World 2019 Yemen is labelled as the most fragile country by Fragile States Index in 2019. Finland is now the least fragile country. Source: https://fragilestatesindex.org/ (Highlights from Fragile States Index) “This year, Yemen claimed the top position for the first time as a result of its civil war and humanitarian catastrophe. Although Yemen’s […]
SHALE STOCK LOSES 99% OF ITS VALUE: Investor Warning For The Future Of The Industry?
SHALE STOCK LOSES 99% OF ITS VALUE: Investor Warning For The Future Of The Industry? If you think the carnage taking place in the shale oil companies is nearly over, you couldn’t be more wrong. I believe the bloodbath in the shale oil stocks has only just begun. Once we see the majority of shale […]
China’s Fake Numbers And The Risk They Pose For The Rest Of The World
China’s Fake Numbers And The Risk They Pose For The Rest Of The World Not so long ago, London Telegraph’s Ambrose Evans-Pritchard was one of the handful of must-read financial journalists. He probably still is, but since he disappeared behind the Telegraph’s pay wall his work is invisible to non-subscribers, only emerging when a free outlet runs […]
How Empires Fall: Moral Decay
How Empires Fall: Moral Decay There is a name for this institutionalized, commoditized fraud: moral decay. Moral decay is an interesting phenomenon: we spot it easily in our partisan-politics opponents and BAU (business as usual) government/private-sector dealings (are those $3,000 Pentagon hammers now $5,000 each or $10,000 each? It’s hard to keep current…), and we’re suitably indignant when […]
Weekly Commentary: Full Capitulation
Weekly Commentary: Full Capitulation April 16 – Bloomberg (Rich Miller and Craig Torres): “Federal Reserve Chairman Jerome Powell and his colleagues have made an important shift in their strategy for dealing with inflation in a prelude to what could be a more radical change next year. The central bank has backed off the interest-rate hikes […]
Distressed Nation: Each American Would Owe $700,000 To Eliminate Worsening Debt Situation
Distressed Nation: Each American Would Owe $700,000 To Eliminate Worsening Debt Situation Truth In Accounting (TIA), a 501(c)(3) – focused on government financial information, published a new report that suggests the federal government’s overall financial conditions worsened by $4.5 trillion in 2018. The report also calculates the actual national debt on a per taxpayer basis. With assets […]
This is Water
This is Water There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says “Morning, boys. How’s the water?” And the two young fish swim on for a bit, and then eventually one of them looks over at the other […]
China’s “JPMorgan” Hit By Sudden Debt Crisis As Cross-Default Chain Reaction Triggered
China’s “JPMorgan” Hit By Sudden Debt Crisis As Cross-Default Chain Reaction Triggered Ever since Beijing allowed private Chinese companies (even certain state-owned enterprises) to officially fail for the first time in 2016, 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 […]
Contrarian Alert: “Is Inflation Dead?” Makes The Cover Of Businessweek
Contrarian Alert: “Is Inflation Dead?” Makes The Cover Of Businessweek In the financial world, those who subscribe to the contrarian school of thought (including myself) keep an eye out for certain cues or indications that a trend has become overcrowded and is nearing its end. Some examples of these contrarian indicators are investor sentiment indexes, fear gauges […]
Legal Weed In Canada Struggles To Compete With Black Market
Legal Weed In Canada Struggles To Compete With Black Market Six months after Canada became the first country in the developed world to legalize marijuana, legal sales of dried cannabis flower went up in smoke as consumers shifted to illicit markets. A marijuana shortage left the industry in shock earlier this year and caused concerns that Canadian cannabis producers […]
Dollar Dominance Under Multiple, Converging Threats
Dollar Dominance Under Multiple, Converging Threats For years, currency analysts have looked for signs of an international monetary “reset” that would diminish the dollar’s role as the leading reserve currency and replace it with a substitute agreed upon at some Bretton Woods-style monetary conference. That push has been accelerated by Washington’s use of the dollar […]
