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The Coming Monetary Crisis
The Coming Monetary Crisis QUESTION: Mr. Armstrong, you said that next year, interest expenditure will most likely exceed military. Is this how the monetary crisis begins to unfold? WR ANSWER: The entire problem with this Quantitative Easing has been the plain fact that the government is the biggest debtor. This is the same model around […]
How US Oil Booms & Busts Hit Industrial Production
How US Oil Booms & Busts Hit Industrial Production Fueled by cheap money and by dashed hopes of high oil prices. Industrial production in October rose 4.1% from a year ago, the Fed Board of Governors reported this morning. This was in the upper portion of the range since 2010. It was powered in part […]
Bank of England refuses to return 14 tonnes of gold to Venezuela
Bank of England refuses to return 14 tonnes of gold to Venezuela The Bank of England claims to be one of the largest physical gold custodians in the world, holding gold bars in vault storage on behalf of more than 70 central banks and a number of commercial (bullion) banks. As a long-standing and well-known […]
Mortgage Rates May Hit 6% Sooner, as Fed Sheds Mortgage-Backed Securities, But What Will that Do to Housing Bubble 2?
Mortgage Rates May Hit 6% Sooner, as Fed Sheds Mortgage-Backed Securities, But What Will that Do to Housing Bubble 2? Mortgage rates are climbing faster than the 10-year Treasury yield. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment rose to 5.17% for the latest […]
US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High
US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High Total household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed’s latest household debt report, the biggest jump since 2016. It was also the 17th consecutive quarter with […]
To One Bank, This Is The Flashing Red Warning That A Crash Is Dead Ahead
To One Bank, This Is The Flashing Red Warning That A Crash Is Dead Ahead For much of 2018, the prevailing market theme was the one Morgan Stanley dubbed “rolling bear markets” when any time a given asset was hit, whether emerging markets, Italian bonds, or tech stocks, money would simply rotate from one place […]
Does Any of This Make Sense?
Does Any of This Make Sense? Does any of this make sense? No. But it’s so darn profitable to the oligarchy, it’s difficult to escape debt-serfdom and tax-donkey servitude. We rarely ask “does this make any sense?” of things that are widely accepted as beneficial— or if not beneficial, “the way it is,” i.e. it […]
Nuclear Weapons are a Nightmare Made in America
Nuclear Weapons are a Nightmare Made in America Photo Source International Campaign to Abolish Nuclear Weapons | CC BY 2.0 What transforms American elections from participatory politics into farce is the exclusion of crucial issues. Environmental crisis, the threat of nuclear annihilation and the wildly skewed distribution of political and economic power will affect how […]
Inflation Surges In October; Media Blames Gas Prices
Inflation Surges In October; Media Blames Gas Prices A key measurement of inflation, The Consumer Price Index, rose 2.5% in October from a year earlier. The inflation was linked to rising gas prices by the media, but there’s more to it than just the cost of fuel. Rising inflation is actually also likely tied to […]
Gold Re-Monetization Is Much Closer Than Many Realize
Gold Re-Monetization Is Much Closer Than Many Realize Monetary policy is largely responsible for the market conditions we have today. Whether we like it or not, central planning in the capital markets will remain with us for the foreseeable future. Capital flows will be as much a function of market fundamentals as they are of […]
The Fed Will Continue Tightening Until Everything Breaks
The Fed Will Continue Tightening Until Everything Breaks Around three years ago, in September 2015, I wrote an article titled ‘The Real Reasons Why The Fed Will Hike Interest Rates‘ in which I predicted that the Federal Reserve, in the face of criticism, would soon pursue a program of interest rate hikes into economic weakness. […]
Elite Terrified of 1930’s Depression or Weimar Hyperinflation – John Rubino
Elite Terrified of 1930’s Depression or Weimar Hyperinflation – John Rubino Financial writer John Rubino says everywhere you look, debt is exponentially mounting. Nothing demonstrates the “imminent bankruptcy” problem better than the financial obligations of New York City. Rubino says, “They just announced that they have unfunded liabilities for retiree healthcare, just retiree healthcare and […]
11 Signs That The U.S. Economy Is Starting To Slow Down Dramatically
11 Signs That The U.S. Economy Is Starting To Slow Down Dramatically The pace at which things are changing is shocking the experts. Just a few months ago, many of the experts were still talking about how the U.S. economy was “booming”, but since then a major shift has taken place. Most of the headlines […]
Steen Jakobsen: The Four Horsemen Portend A Painful Reckoning
Steen Jakobsen: The Four Horsemen Portend A Painful Reckoning Even the US is now ‘swimming naked’ Steen Jacobsen, Chief Economist and Chief Investment Officer of Saxo Bank sees economic slowdown ahead. Specifically, his “Four Horseman” indicators: the drivers of economic growth, are all flashing red. Jacobsen believes that the central banks will continue their liquidity […]
