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How A Carbon Tax Would Be Implemented
How A Carbon Tax Would Be Implemented There are no solutions to complex problems – except when the problem becomes so complex it must have a simple solution. That is the paradox thrown up by global warming and the shattering report of the U.N. Intergovernmental Panel on Climate Change. The report cries out for dramatic, […]
Meet The Finance Professor Exposing Rigged Markets One Academic Paper At A Time
Meet The Finance Professor Exposing Rigged Markets One Academic Paper At A Time Finance professor John Griffin, along with his doctoral student companion, Amin Shams, were the two academics that drew market-moving conclusions about bitcoin last year, while the digital currency was trading around $20,000. After sifting through 2 terabytes of trading data, they alleged that […]
Market crash? Another red card for the economy
Market crash? Another red card for the economy A few months ago I wrote this article at the World Economic Forum called “A Yellow Card For The Global Economy“. It tried to serve as a warning on the rising imbalances of the emerging and leading economies. Unfortunately, since then, those imbalances have continued to rise […]
You Can Kick The Can Down The Road, But Reality Will Catch Up With You Eventually
You Can Kick The Can Down The Road, But Reality Will Catch Up With You Eventually Nobody can defy the laws of economics forever. Whether it is an individual, a company or the nation as a whole, reality always catches up with everyone eventually. For years, I have been warning that Sears was eventually going […]
Has “It” Finally Arrived?
Shutterstock Has “It” Finally Arrived? Is this week’s 6% market drop the start of the Big One? With the recent plunge in the S&P 500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun? It’s hard to say for certain. But the systemic cracks we’ve been closely monitoring definitely got an awful […]
We Need an Ecological Civilization Before It’s Too Late
We Need an Ecological Civilization Before It’s Too Late In the face of climate breakdown and ecological overshoot, alluring promises of “green growth” are no more than magical thinking. We need to restructure the fundamentals of our global cultural/economic system to cultivate an “ecological civilization”: one that prioritizes the health of living systems over short-term wealth […]
Inevitable De-Industrialisation of Europe
Inevitable De-Industrialisation of Europe EU ministers agreed to binding cuts in CO2 emissions of 35% by 2030. The German auto industry won’t be able to deliver. The Telegraph reports Berlin court orders German capital to ban most diesel vehicles on 11 major roads to counter pollution. Hamburg was first in May. Stuttgart, home of Mercedes […]
The Self-Defeating US Empire
The Self-Defeating US Empire Trump is trying to square a globalized world through a national-based American capitalism. It won’t work. Former President Teddy Roosevelt (1901-09) described the essence of US foreign policy as “speaking softly while carrying a big stick”. Under the incumbent president, Donald Trump, it seems to be all about “speaking loudly”. What […]
Italy Declares War on Merkel and the EU
Italy Declares War on Merkel and the EU If there were ever any doubts that the leaders of the Euroskeptic coalition that now runs Italy has a plan to defy the European Union its proposed budget should quell them. Both Deputy Prime Ministers, Luigi Di Maio of Five Star Movement and Matteo Salvini of The […]
The Perfect Storm Bringing China And Russia Together
The Perfect Storm Bringing China And Russia Together During the Cold War, China and the Soviet Union regarded one another as strategic adversaries. Relations between Beijing and Moscow, however, have significantly improved over the years. Besides political alignment, the countries have complementary economies; China has an insatiable appetite for the raw materials which Russia has […]
Fed Inspector Turned Whistleblower Reveals System Rigged For Goldman Sachs
Fed Inspector Turned Whistleblower Reveals System Rigged For Goldman Sachs Five years after we first reported on the “Goldman whistleblower” at the NY Fed, Carmen Segarra, the former bank examiner is out with a new book based on more than 46 hours of secret recordings. “Noncompliant: A Lone Whistleblower Exposes the Giants of Wall Street” is a […]
4 Pillars of Debt in Danger of Collapse
4 Pillars of Debt in Danger of Collapse Last month I was in a series of high-level meetings with members of Congress and the Senate in Washington. While there’s been major news about the Supreme Court, my discussions were on something that both sides of the aisle are coming to consensus over. You see, issues […]
Trump Is Right: The Federal Reserve Is Crazy And Here Are 101 Reasons Why It Should Be Shut Down
Trump Is Right: The Federal Reserve Is Crazy And Here Are 101 Reasons Why It Should Be Shut Down Donald Trump just made one of the most brilliant moves of his entire presidency. By accusing the Federal Reserve of “going loco”, he is placing the blame for the coming stock market crash and horrifying economic […]
Peter Schiff Explains “What Happens Next” In 47 Words
Peter Schiff Explains “What Happens Next” In 47 Words Outspoken critic of The Fed and one of the few that can see through the endless barrage of bullshit to how this really ends, has laid out in a tweet “what happens next”… Likely sequence of events: 1. Bear market; 2. Recession; 3. Deficits explode; 4. […]
