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Peter Schiff: “The Real National Emergency Isn’t At The Border. It’s The National Debt!”
Peter Schiff: “The Real National Emergency Isn’t At The Border. It’s The National Debt!” Peter Schiff, the CEO and chief global strategist of Euro Pacific Capital Inc. says that the real national emergency is not at the southern border. The real ticking time bomb is the national debt. We are headed for a train wreck […]
Who Knows the Right Interest Rate
WHO KNOWS THE RIGHT INTEREST RATE On January 6, we wrote the Surest Way to Overthrow Capitalism. We said: “In a future article, we will expand on why these two statements are true principles: (1) there is no way a central planner could set the right rate, even if he knew and (2) only a free […]
But We Need the Eggs
But We Need the Eggs ALVY SINGER: This guy goes to a psychiatrist and says, “Doc, my brother’s crazy; he thinks he’s a chicken.” And the doctor says, “Well, why don’t you turn him in?” The guy says, “I would, but I need the eggs.” Well, I guess that’s pretty much how I feel about […]
Blain: European Banks Are The Most Successful Ponzi Scheme Of All Time
Blain: European Banks Are The Most Successful Ponzi Scheme Of All Time “Lenin was right. There is subtler, no surer means of overturning the existing basis of society than to debauch the currency.” I must post this line from one of my favourite Financial sector commentaries – Duncan Farr of Jeffries who covers banks: “Here we […]
The Demise of Physical Money: A Retail Worker’s Perspective
The Demise of Physical Money: A Retail Worker’s Perspective Something I have come to realise about money is that the more you come into direct contact with it, the less alluring it becomes. That may sound like a hollow platitude, but when your history of paid work has predominately involved handling thousands of pounds through face […]
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line The United States largest oil company, ExxonMobil, is facing a financial train-wreck in its domestic oil and gas sector. And, the majority of the blame can be attributed to Exxon’s move into shale. After Exxon acquired XTO Energy in 2009, a […]
Blain: It Feels Like A Liquidity Storm Is Coming Soon
Blain: It Feels Like A Liquidity Storm Is Coming Soon I note with some delight Bernie Sanders plans to stand for US President. One of my US chums sent me the story of the Half-a-Bernie sign propped up against a wall. Someone had cut it neatly in two and left the wooden handle affixed to […]
Will the Trade War Lead to Real War with China?
Will the Trade War Lead to Real War with China? Five hundred years ago, Hernán Cortés began the European annihilation of the Mayan, Aztec, and other indigenous civilizations in the Western Hemisphere. Six months later, in August 1519, Magellan [Fernão de Magalhães] launched his circumnavigation of the globe. For five centuries thereafter, a series of […]
Gold Will Become the Next Global Currency of Choice
Gold Will Become the Next Global Currency of Choice With a wobbly stock market, falling Treasury yields and rampant geopolitical strife, the focus on gold as an asset has been intense as of late. The metal’s price gains reflect this, as gold recently proved able to hold above a key resistance level, which holds bullish […]
Bill Dudley Slams MMT: “It Failed In Germany, Venezuela And Zimbabwe”
Bill Dudley Slams MMT: “It Failed In Germany, Venezuela And Zimbabwe” While there has been much disagreement among the financial elite about the ultimate consequences of central bank activism and market manipulation, with some – usually those who do not manage money for a living and are not paid by investors – predicting fire and […]
Credit Exhaustion Is Global
Credit Exhaustion Is Global Europe is awash in credit exhaustion, and so is China. The signs are everywhere: credit exhaustion is global, and that means the global growth story is over: revenues and profits are all sliding as lending dries up and defaults pile up. What is credit exhaustion? Qualified buyers don’t want to borrow […]
Eating at Home vs. Eating Out
Eating at Home vs. Eating Out Table of Contents Eating at Home vs. Eating Out Health Benefits of Eating at Home Healthier Ingredients and Methods It’s Easier to Avoid Food Allergies Portion Control Enjoying a More Balanced Diet Reduced Germ Exposure It Helps Cultivate Healthy Eating Habits You Can Take Your Time How to Tackle […]
The Birth of a Monster
The Birth of a Monster The Federal Reserve’s doors have been open for “business” for one hundred years. In explaining the creation of this money-making machine (pun intended — the Fed remits nearly $100 bn. in profits each year to Congress) most people fall into one of two camps. Those inclined to view the Fed as […]
The failing engines of global growth
The failing engines of global growth The global slowdown has been much discussed lately. A slowdown in Europe and China was considered to be the main reason for the December stock market rout combined with the balance sheet normalization (QT) program of the Federal Reserve. What is behind the slowdown? No satisfactory answer has emerged, […]
Doug Noland: Central Banks Are “Hostages Of Market Bubbles”
Doug Noland: Central Banks Are “Hostages Of Market Bubbles” Doug Noland’s weekly Credit Bubble Bulletin is always required reading. The latest – befitting the amazing things that have happened lately – is more necessary than usual. But at 10,000 words it’s also a lot longer than usual. So while everyone should definitely read the whole thing, here are some […]
