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Fracking 2.0 Was a Financial Disaster, Will Fracking 3.0 Be Different?
Fracking 2.0 Was a Financial Disaster, Will Fracking 3.0 Be Different? Two years ago, the U.S. fracking industry was trying to recover from the crash in the price of oil. Shale companies were promoting the idea that fracking was viable even at low oil prices (despite losing money when oil prices were high). At the time, no one was […]
I Love the Green New Deal But …
I Love the Green New Deal But … Ever since our first ancestor lit a fire, humans have been pumping CO2 into the atmosphere. Add to that the first herder because ruminants are another large emitter of greenhouse gas (GHG). Some people want to declare a national emergency and ban fossil fuels within ten years. […]
Importance of Model Building in Economics
IMPORTANCE OF MODEL BUILDING IN ECONOMICS In the natural sciences, a laboratory experiment can isolate various elements and their movements. There is no equivalent in the discipline of economics. The employment of model building is an attempt to produce a laboratory where controlled experiments can be conducted. The idea of having such a laboratory is […]
The Global Economic Reset Begins With An Engineered Crash
The Global Economic Reset Begins With An Engineered Crash For a few years now, since at least 2014, the phrase “global economic reset” has been circulating in the financial world. This phrase is used primarily by globalist institutions like the International Monetary Fund (IMF) to describe an event in which the current system as we […]
The Global Economy Is a Time Bomb Waiting to Explode
The Global Economy Is a Time Bomb Waiting to Explode In the aftermath of the greatest financial calamity since the Great Depression, then–chief of staff for the Obama administration Rahm Emanuel made the call for aggressive action to prevent a recurrence of the meltdown of 2008. Although the U.S. government’s system of checks and balances […]
Federal Reserve Chairman Appears on 60 Minutes – Why Now?
Federal Reserve Chairman Appears on 60 Minutes – Why Now? One of the most famous, and prescient, financial cartoons in American history is the above depiction of the Federal Reserve Bank as a giant octopus that would come to parasitically suck the life out of all U.S. institutions as well as free markets. The image is […]
China Scrambles To Defuse $6 Trillion “Hidden Debt Bomb” With “Titanic Credit Risk”
China Scrambles To Defuse $6 Trillion “Hidden Debt Bomb” With “Titanic Credit Risk” When it comes to estimating China’s total outstanding debt, there has long been confusion about the real number with most putting the debt/GDP at around 250%, while the IIF in 2017 calculated China’s debt load as high as 300% of GDP (which […]
Here’s The Problem: The Pie Is Shrinking
Here’s The Problem: The Pie Is Shrinking At that point, the only way to enable debt-serfs to service their debts is too give them free money, i.e. Universal Basic Income (UBI). Scrape away the churn and distraction and the problem is simple: the pie of prosperity is shrinking, and the “fixes” are failing. The status quo […]
Ides and Tides
Ides and Tides Just as presidents are expected to act presidentially, Federal Reserve chairpersons are expected to act oracularly — as semi-supernatural beings who emerge now and again from some cave of mathematical secrets to offer reassuringly cryptic utterances on mysteries of the economy. And so was Jerome Powell wheeled out on CBS’s 60 Minutes Sunday night, […]
Central Banks Cave, Usher In The Crack-Up Boom
Central Banks Cave, Usher In The Crack-Up Boom This was going to be the year when the other big central banks joined the Fed in “normalizing” interest rates and reversing the past decade’s QE experiment. Instead, the other central banks blinked and went back to aggressive ease, and the Fed is following them. This is a […]
Economic Theories & Debt Driven Realities
Economic Theories & Debt Driven Realities One of the most highly debated topics over the past few months has been the rise of Modern Monetary Theory (MMT). The economic theory has been around for quite some time but was shoved into prominence recently by Congressional Representative Alexandria Ocasio-Cortez’s “New Green Deal” which is heavily dependent on massive […]
Tax Cuts Without Reducing Government Outlays Is Not Possible
TAX CUTS WITHOUT REDUCING GOVERNMENT OUTLAYS IS NOT POSSIBLE According to many economic experts and commentators, an effective way to generate economic growth is through the lowering of taxes. The lowering of taxes, it is held, is going to place more money in consumer’s pockets thereby setting in motion an economic growth. This way of […]
The Trend Continues: Romania Introduces a Bill to Repatriate its Gold Reserves
The Trend Continues: Romania Introduces a Bill to Repatriate its Gold Reserves The trend is accelerating, just as I predicted it would. Countries all over the globe are growing anxious, as the geopolitical atmosphere of the world continues to heat up, threatening to hit a boiling point. Central bankers and government officials who see the […]
The Source of Killer Inflation: Services
The Source of Killer Inflation: Services The soaring cost of services is driven by a number of factors. What will the future bring: fire (inflation) or ice (deflation)? The short answer: both, but in very different doses. Goods that are tradeable and exposed to technologically driven commodification will decline in price (deflation) while untradeableservices that are difficult to commoditize […]
