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BIS General Manager Outlines Vision for Central Bank Digital Currencies
BIS General Manager Outlines Vision for Central Bank Digital Currencies The behaviour of central bankers is rarely (if ever) given sustained coverage in the national press. Outside of prominent economic channels, developments from within institutions such as the International Monetary Fund and the Bank for International Settlements are seldom remarked upon. Instead, attention is restricted to […]
Saudis Threaten To Ditch Petrodollar As “Nuclear Option” To Block NOPEC Bill
Saudis Threaten To Ditch Petrodollar As “Nuclear Option” To Block NOPEC Bill Three year ago – almost to the day – Saudi Arabia rattled its first sabre towards the United States, with an implicit threat to dump US Treasuries over Congress’ decision to allow the Saudis to be held responsible for the 9/11 attacks. In a stunning report at […]
Central Banks have created the single most dangerous environment possible…
Central Banks have created the single most dangerous environment possible… Central Banks have created the single most dangerous environment possible… That is the environment in which the economy is weakening, but investors are pouring into risk assets based on hopes that Central Banks will engage in more stimulus. This is precisely what happened in the […]
Here’s why the Federal Reserve rejected the safest bank in America
Here’s why the Federal Reserve rejected the safest bank in America In the spring of 1692, an energetic young Scotsman named John Campbell started a new business in central London. Campbell was a goldsmith, and his business sold jewelry and other crafted metals like plates and silverware. But Campbell’s new company had another business line […]
One Reason You Might Have Some Time To Prepare For The Next Economic Recession
One Reason You Might Have Some Time To Prepare For The Next Economic Recession There’s is one big reason why the U.S. will go into another recession eventually, but it’s the same reason you will have some time to prepare for it as well. Making money more expensive to borrow will lead to a recession, […]
Shale Is In A Deep State Of Flux
Shale Is In A Deep State Of Flux Oil prices are rising to their highest level in months, with WTI having topped $60 per barrel, but the U.S. shale industry is still showing signs of strain. “This is a cycle in our industry where only the large well-capitalized companies can grow. Small companies without access […]
Zombified Economy: What Will the Next Recession Look Like?
Zombified Economy: What Will the Next Recession Look Like? The short answer is nothing like the last. If you search for “next recession” numerous ideas pop up. Many believe there will not be a recession soon. Condition Comparison Conditions are radically different than in 2007 and 2000. The Fed re-blew a housing price bubble but […]
Global Trade Growth Slashed Again As Trade Tensions Persist
Global Trade Growth Slashed Again As Trade Tensions Persist The World Trade Organization published a new report that shows world trade is projected to “face strong headwinds” into 2020. WTO economists expect merchandise trade volume growth to drop to 2.6% in 2019, down from 3% last year. The report said a rebound in global trade is possible if […]
Why All the Uproar Over the Green New Deal?
Why All the Uproar Over the Green New Deal? Pulp mill, Longview, Washington. Photo: Jeffrey St. Clair. Same ol’ same ol’ battle: The more things change, the more they stay the same On August 21, 2009, The Wall Street Journal reported that “…many scientists say deep emissions cuts are necessary … to prevent … dangerous consequences of global warming,” and also reported […]
Preppers save for a rainy day: Why financial planning is crucial for surviving an economic downturn
Preppers save for a rainy day: Why financial planning is crucial for surviving an economic downturn (Natural News) As a prepper, one of the first things that you need to learn is the importance of financial preparedness. Don’t wait until an economic collapse before you start settling your debts or saving money. (h/t to TimGamble.com) The basics […]
Population Bomb or Bomb the Population?
Population Bomb or Bomb the Population? There will be, in the next generation or so, a pharmacological method of making people love their servitude, and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them, […]
Why All the Uproar Over the Green New Deal?
Why All the Uproar Over the Green New Deal? Pulp mill, Longview, Washington. Photo: Jeffrey St. Clair. Same ol’ same ol’ battle: The more things change, the more they stay the same On August 21, 2009, The Wall Street Journal reported that “…many scientists say deep emissions cuts are necessary … to prevent … dangerous consequences of global warming,” and also reported […]
The Coming Credit Meltdown Will Be As Bad As The Great Depression And The Financial Crisis: Deutsche
The Coming Credit Meltdown Will Be As Bad As The Great Depression And The Financial Crisis: Deutsche With investor attention increasingly focusing on what most believe will be the catalyst for the next financial crisis, namely a tsunami in corporate defaults as a result of the disastrous combination of record leverage, higher rates and an […]
Morneau is Flying Blind
Morneau is Flying Blind The Trudeau Government continues to resist calls for an overhaul of its complex tax regime. Yet Bill Morneau, Canada’s Minister of Finance, who was in town this week to address the Montreal Chamber of Commerce, wouldn’t name a single non-accountant that he knew who understands tax code. Pressed by local media, […]
MMT Is a Recipe for Revolution
MMT Is a Recipe for Revolution Historian Stephen Mihm recently argued that based on his reading of the monetary system of colonial Massachusetts, modern monetary theory (MMT), which he cheekily referred to as PMT (Puritan monetary theory), “worked — up to a point.” One can forgive him for misunderstanding America’s colonial monetary system, which was so much […]
