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We Don’t Need A New Deal: We Need A Whole New Deck
We Don’t Need A New Deal: We Need A Whole New Deck The gap between the earth’s wardens of wealth and the nearly eight billion humans under their control has grown wider and more dangerous but is beginning to be understood by some as a systemic problem and not simply a matter of evil leaders […]
Bailing Out Member States: The European (Dis)Union
Bailing Out Member States: The European (Dis)Union Over the years, my good friends at Capitalist Exploits (I highly recommend subscribing) have put together a number of outstanding thought pieces on where they see things headed. They recently came out with a great overview of where Europe is headed. The trends they highlight are both interesting and actionable for those […]
U.S. Debt Worries Fed Chairman Powell – Fears May Be Confirmed in March
U.S. Debt Worries Fed Chairman Powell – Fears May Be Confirmed in March As we enter 2019, the U.S. national debt continues to grow, approaching $22 trillion with global Government debt sitting at $72 trillion. It seems like the 21st century is hitting the U.S. with a debt “haymaker,” according to CNBC (emphasis ours): U.S. debt began accelerating at […]
Incrementum Inflation Signal Update – A Reversal To “Rising Inflation”
Incrementum Inflation Signal Update – A Reversal To “Rising Inflation” Introductory Remarks by PT We have discussed the proprietary Incrementum Inflation Indicator in these pages on previous occasions, but want to quickly summarize its salient features again. It is a purely market-based indicator, this is to say, its calculation is based exclusively on market prices […]
In the Deep Mid-Winter
In the Deep Mid-Winter Ill winds sweep across the fruited plain in the cruel heart of winter. America can resolve nothing. The state-of-the-union is a kind of hysterical nausea, and the nation hunkers into its crib of toxic diverse identities waiting for history to bitch-slap it back on its feet. History’s big sister, Reality, stands by, witnessing […]
Lessons From Davos: Everything Can Come Crashing Down… And A Total Rejection Of Any Policy Alternatives
Lessons From Davos: Everything Can Come Crashing Down… And A Total Rejection Of Any Policy Alternatives As Davos wraps up today, what have we got so far so far from the cockpit of globalisation? Warnings of rising nationalism. Fears of recession. Worries that everything could come tumbling down again. And a total rejection of any […]
The Yellow Vests, the Crisis of the Welfare State and Socialism
The Yellow Vests, the Crisis of the Welfare State and Socialism Far from dying down after the holidays, France’s yellow vest movement is continuing to blaze throughout the country. Every Saturday for eleven weeks, protesters have been disrupting or blocking roads, traffic circles and freeway toll plazas, gathering in the squares of villages, taking to […]
The Dangers of Negative Interest Rates and a Cashless Economy
THE DANGERS OF NEGATIVE INTEREST RATES AND A CASHLESS ECONOMY The recent gyrations in the stock market and the uncertainties surrounding American trade policies with China and other parts of the world have raised the question of when the next recession will inevitably follow the current economic recovery from the 2008-9 financial crisis. In the […]
Debt and Deficits: They’re Unsustainable
Debt and Deficits: They’re Unsustainable Economic growth won’t save us, not without serious cuts in government spending. The most important issue facing America today is the national debt and increasing federal deficits. Our national debt now exceeds yearly gross domestic product (GDP). The U.S is the wealthiest country in the world, but our government has […]
Europe’s Debt Crisis: Challenges for the Left, Confronting the Creditors
Europe’s Debt Crisis: Challenges for the Left, Confronting the Creditors Second part of the interview given to LVSL. Here, the first part: The Doctrine of Odious Debt. Break the Taboo on Odious Debts and Their Repudiation LVSL: If we look at the case of Greece in 2015, we see that there was a change of regime […]
Get Ready– they’re coming for your money
Get Ready– they’re coming for your money Every so often throughout history, the peasants grab their pitchforks and come for the elite. It happens when the wealth gap grows too extreme… when people feel like they are getting left behind, with no opportunity to advance. Central banks around the world have printed trillions of dollars […]
Chapter One: The Money Supply: How It Came to be Created by Banks
CHAPTER ONE: THE MONEY SUPPLY: HOW IT CAME TO BE CREATED BY BANKS. The most important fact in economics today goes unmentioned by most economists and bankers: money is created as debt from banks, and it is cancelled when debts are repaid.[1] I have asked many economists and bankers why this is so seldom mentioned, […]
Loonie Tumbles After Canadian Retail Sales Crumble
Loonie Tumbles After Canadian Retail Sales Crumble Amid the absence of US macro data due to the shutdown, it seems Canada (and China) are making up for it – by crushing the goldilocks dream. Canada retail sales fell 0.9% to C$50.4B in November, according to Statistics Canada (which did not need to ask the US […]
Fire the Fed?
Fire the Fed? President Trump’s frustration with the Federal Reserve’s (minuscule) interest rate increases that he blames for the downturn in the stock market has reportedly led him to inquire if he has the authority to remove Fed Chairman Jerome Powell. Chairman Powell has stated that he would not comply with a presidential request for […]
