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he Coming Global Financial Crisis: Debt Exhaustion
The Coming Global Financial Crisis: Debt Exhaustion The global economy is way past the point of maximum debt saturation, and so the next stop is debt exhaustion.Just as generals fight the last war, central banks always fight the last financial crisis. The Global Financial Crisis (GFC) of 2008-09 was primarily one of liquidity as markets froze […]
Alberta’s Mega Oil and Gas Liability Crisis, Explained
Alberta’s Mega Oil and Gas Liability Crisis, Explained A Supreme Court ruling now forces firms to clean up abandoned wells before paying creditors. That doesn’t solve much. Just how will an increasingly indebted industry, hobbled by low energy prices and rising costs, find the up to $260 billion needed to clean up its inactive pipelines, wells, plants […]
Goodbye to the Dollar
Goodbye to the Dollar The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency. Nations around the globe, especially in Europe, have lost confidence in the United States to act rationally, much less lead, in issues of international […]
The Sorry State of the World Economy
The Sorry State of the World Economy Data released in January paint a bleak picture of advanced-economy prospects. Even if some emerging economies – which face serious challenges of their own – manage to pick up some of the slack, the world economy will remain encumbered by the combination of economic interconnectedness and political balkanization. […]
How Do You Beat The Bankers At Their Own Game?
How Do You Beat The Bankers At Their Own Game? Those that have been following events for several years know they are under attack by an enemy that has no face and means to do them great harm. Nothing less than their sovereignty and freedom is at stake. Absolute control over people and resources is the […]
WSJ Confirms: Trump-Appointed Venezuela Coup Leader Plans Neoliberal Capitalist Shock Therapy
WSJ Confirms: Trump-Appointed Venezuela Coup Leader Plans Neoliberal Capitalist Shock Therapy Venezuela’s US-appointed coup leader Juan Guaidó plans to privatize state assets and give foreign corporations access to oil, the Wall Street Journal admitted. The Wall Street Journal reported that Venezuela’s US-appointed coup leader Juan Guaidó has already drafted plans for “opening up Venezuela’s vast oil sector […]
Hurtling Toward Bankruptcy
HURTLING TOWARD BANKRUPTCY The federal government owes people almost $22 trillion. That means that American taxpayers owe people almost $22 trillion. That’s because the federal government has no money of its own. The money it gets comes entirely from American taxpayers. That’s what the IRS is for — to make certain that everyone sends his […]
Weekly Commentary: No Mystery
Weekly Commentary: No Mystery January 30 – Financial Times (Sam Fleming): “After putting traders on notice six weeks ago to expect further increases in US interest rates in 2019, the Federal Reserve… executed one of its sharpest U-turns in recent memory. Leaving rates unchanged at 2.25-2.5%, Jay Powell, Fed chairman, unveiled new language that opened […]
Anthropologist Debunks Bill Gates’ BS Narrative That Free-Market Capitalism Has Solved Crisis of Global Poverty
Anthropologist Debunks Bill Gates’ BS Narrative That Free-Market Capitalism Has Solved Crisis of Global Poverty Calling billionaire Microsoft co-founder ‘completely wrong,’ Jason Hickels says “those defending poverty line you should be willing to live on it. Lookin’ at you, Bill.” Contrary to what Bill Gates and other powerful, wealthy Davos attendees say, Jason Hickel writes, […]
Big Trouble in Little China
A worker cleans the promenade in Shanghai on July 24, 2014. (Johannes Eisele/AFP/Getty Images) Big Trouble in Little China The country’s economic problems are starting to escalate. China is a country of extremes, especially regarding economic forecasts. There are those who think “China will take over the world” with its technocratic central planning. Then there […]
How the Euro Enabled Europe’s Debt Bubbles
How the Euro Enabled Europe’s Debt Bubbles It’s the twentieth anniversary of the euro’s existence, and far from being celebrated, it is being blamed for many — if not all — of the Eurozone’s ills. However, the euro cannot be blamed for the monetary and policy failures of the ECB, national central banks and politicians. […]
The Next Big Threat For Oil Comes From China
The Next Big Threat For Oil Comes From China There is a widespread concern in the world regarding China’s decelerating economic growth. The slowdown, if it continues, threatens economic activity almost everywhere. Growth in Germany, for example, has already cooled due to its exports of high-quality machinery to China dropping precipitously. Those in the oil […]
Wall Street, Banks and Angry Citizens
Wall Street, Banks and Angry Citizens A major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world continuing to get booted out of office in […]
