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The Last Two Times This Happened, A Crisis Hit Within 6 Months
The Last Two Times This Happened, A Crisis Hit Within 6 Months As I keep warning, the global economy is rapidly moving into a recession. If you don’t believe me, consider that in the last two weeks, the following have been announced… 1) South Korean exports, a critical measure for global growth, recorded a -1.2% […]
Protests Erupt As Zimbabwe Now Has The Most Expensive Gasoline In The World
Protests Erupt As Zimbabwe Now Has The Most Expensive Gasoline In The World Zimbabwe is once again at the brink of economic collapse, making a mockery of President Emmerson Mnangagwa’s claim that the country is open for business. As Bloomberg reports, many shops and factories have shut their doors because of a lack of customers […]
These New Numbers Are Telling Us That The Global Economic Slowdown Is Far More Advanced Than We Thought
These New Numbers Are Telling Us That The Global Economic Slowdown Is Far More Advanced Than We Thought We continue to get more confirmation that the global economy is slowing down substantially. On Monday, it was China’s turn to surprise analysts, and the numbers that they just released are absolutely stunning. When Chinese imports and […]
Can You Time Peak Crazy?
Can You Time Peak Crazy? You don’t need me to tell you how completely crazy and distorted the financial markets have become over the last decade. Anyone reading this already knows that, which is partly why I stopped writing on the topic several years ago. I came to the conclusion there was no point in […]
A Workers’ Struggle in India to ‘Make the Land Proud’ as Global Unrest Spreads
Struggles That Make the Land Proud: The Second Newsletter (2019) Over two days—Jan. 8 and 9—more than 160 million workers went on strike in India. This has been one of the largest general strikes in the world. The workers, exhausted by almost three decades of neoliberal policies and by the attack on their rights, came […]
My Speech in the European Parliament on the Coming Economic Collapse
MY SPEECH IN THE EUROPEAN PARLIAMENT ON THE COMING ECONOMIC COLLAPSE Zero percent interest rates have created the largest bubble in human history, when it bursts it will be worse than 1929.
The founder of the World Economic Forum shares what he sees as the biggest threat to the global economy
The founder of the World Economic Forum shares what he sees as the biggest threat to the global economy Economist Klaus Schwab is the founder and executive chairman of the World Economic Forum which will be holding it’s Annual Meeting in Davos, Switzerland January 22-25, 2019. Schwab explains the theme of this year’s meeting, “Globalization […]
Here’s What an American Economic Collapse Could Actually Look Like (And How It May Be a Lot Different Than Folks Expect)
Here’s What an American Economic Collapse Could Actually Look Like (And How It May Be a Lot Different Than Folks Expect) When we think of “economic collapse” our imaginations usually lead us immediately to the desperation we’ve witnessed in places like Venezuela or Greece. We think of starvation, a complete lack of medical care, and […]
Collapse In Global M1 Signals A Worldwide Recession Has Arrived
Collapse In Global M1 Signals A Worldwide Recession Has Arrived By now everyone has seen some iteration of this chart showing that the annual change in central bank liquidity is now negative. Another way to visualize just the Fed’s balance sheet contraction is courtesy of this chart from Morgan Stanley which shows specifically which assets […]
War Essay- The consequences of nuclear war on US society
War Essay- The consequences of nuclear war on US society Summary The US emerged from WWII as the world’s leading economic and military power. Since that time US hegemony has been predicated on: 1) unrivaled military strength, 2) control of world’s energy reserves and 3) primacy of the US dollar as the world’s reserve currency. […]
Opinion: Sooner or Later, We Have to Stop Economic Growth–And We’ll Be Better For It
OPINION: SOONER OR LATER, WE HAVE TO STOP ECONOMIC GROWTH — AND WE’LL BE BETTER FOR IT The end of growth will come one day, perhaps very soon, whether we’re ready or not. If we plan for and manage it, we could well wind up with greater well-being. Illustration by Kelsey King January 8, 2019 […]
Where Will The “Pending” Financial Crisis Originate?
Where Will The “Pending” Financial Crisis Originate? – Case for a pending financial collapse is well grounded warns Rickards – “Ticking time bomb” the Federal Reserve has created is set to go off… – Economist warns U.S. high-yield debt, default of “junk bonds” could cause next crisis – Systemic risk is “more dangerous than ever” […]
