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Sweden Is on the Verge of Going Completely Cashless: What Could Possibly Go Wrong?
Sweden Is on the Verge of Going Completely Cashless: What Could Possibly Go Wrong? Sweden is rapidly turning into a cashless society, which seems like the utopian dream of many a government figure. What could possibly go wrong from the government’s point of view? Isn’t it ideal that they could soon digitally control every single […]
ANALYSTS TOTALLY WRONG ABOUT GOLD: Top Gold Miners Production Cost Still Provides Floor In The Market Price
ANALYSTS TOTALLY WRONG ABOUT GOLD: Top Gold Miners Production Cost Still Provides Floor In The Market Price While the debate on the dynamics of the gold market continues, at least the top gold miners production cost provides us with a floor price. Or rather, a basic minimum price level. I get a good laugh when […]
Central Banks Looking at Creating Their Own Cryptocurrencies
Central Banks Looking at Creating Their Own Cryptocurrencies The IMF has recommended that all Central banks should issue their own cryptocurrencies. Indeed, they are looking at using Block Chain to keep track of taxes and to enforce negative interest rates with cryptocurrencies which would allow them to impose negative interest rates whenever necessary. With adopting cryptocurrencies that governments would […]
Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis
Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis Societies have tended to polarize between creditors and debtors since ancient times, but this tendency can and must be reversed. Today, the wealthy depict inequality in glowing colors as a byproduct of economies pulling ahead, “creating wealth” by innovations that add to prosperity. […]
Oil Sends A “Crude Warning”
Oil Sends A “Crude Warning” As with many Americans, I am on the road with the family making the traditional holiday rounds. Of course, my family is more “The Griswolds” than “The Waltons. but even with all of the antics, comedy, and occasional drama, it is always an enjoyable time of the year. However, I did […]
Bank Of Canada To Start Buying Mortgage Bonds As Canadian Housing Market Cools
Bank Of Canada To Start Buying Mortgage Bonds As Canadian Housing Market Cools Ten years ago this week, the Federal Reserve announced it would start buying agency MBS. Asset purchases are now arguably a standard non-standard monetary policy tool, as all three major central banks have since embarked in some form of asset purchases, and […]
How a Fragile Euro May Not Survive the Next Crisis
How a Fragile Euro May Not Survive the Next Crisis A big US monetary inflation bang brought the euro into existence. Here’s a prediction: It’s death will occur in response to a different type of US monetary bang — the sudden emergence of a “deflationary interlude.” And this could come sooner than many expect. The […]
Thoughts From The Precipice
Shutterstock Thoughts From The Precipice Things are worsening. But we’re not over the edge quite yet. As you already know, things are unraveling. The narratives of the past are being revealed as false and fraudulent — even harmful. For example, the fallacy of pursuing “ever more” growth. Growth up to a point is beneficial, but […]
Holiday Doings and Undoings
Holiday Doings and Undoings Somehow I doubt that this Christmas will win the Bing Crosby star of approval. Rather, we see the financial markets breaking under the strain of sustained institutionalized fraud, and the social fabric tearing from persistent systemic political dishonesty. It adds up to a nation that can’t navigate through reality, a nation […]
Why I Think this Sell-Off is Just One Step in Methodical Unwind of Stock Prices
Why I Think this Sell-Off is Just One Step in Methodical Unwind of Stock Prices One after the other, individual stocks are getting crushed. It was an ugly Monday and Tuesday followed by a Wednesday that at first look like a real bounce but ended with the indices giving up their gains. This was followed, […]
Salvini Threatens To Collapse Italy’s Government If Deficit Target Is Changed
Salvini Threatens To Collapse Italy’s Government If Deficit Target Is Changed Italy’s Deputy Prime Minister Matteo Salvini escalated the ongoing standoff between the EU and Italy, saying he would bring down the government if the coalition’s budget deficit target was changed. The remarks by Salvini, Italy’s de facto leader who has been enjoying a steady climb […]
What Is “Peak Oil” and How Can It Lead to Global Economic Collapse?
What Is “Peak Oil” and How Can It Lead to Global Economic Collapse? Despite a steadily improving economy in the US, the same cannot be said for much of the rest of the world. And while there are strong and growing economies in places like China that can literally give the US a run for […]
