Home » Economics (Page 49)
Category Archives: Economics
The Green Growth Delusion
THE GREEN GROWTH DELUSION Advocates of “Green Growth” promise a painless transition to a post-carbon future. But what if the limits of renewable energy require sacrificing consumption as a way of life?A tree is surrounded by solar panels in Los Arcos, Spain, on Feb. 24, 2023. (AP Photo/Alvaro Barrientos, File) In the annals of industrial […]
Project Icebreaker: The Beginning Of A One World Digital Currency System?
Project Icebreaker: The Beginning Of A One World Digital Currency System? There has been extensive discussion in the past couple of years within alternative media circles about the dangers of Central Bank Digital Currencies (CBDCs); a currency framework very similar to blockchain based products like Bitcoin but directly controlled by central bankers. It’s a threat […]
Time to trash Triffin
Time to trash Triffin The dollar-based credit bubble is imploding, and emerging economies are seeking protection by accepting trade settlement in other currencies. The US policy of threatening regime change, currency destabilisation, or other means of ensuring nations remain in its sphere of influence are now failing. Mainstream economists in the West insist the dollar […]
The Fed Cannot Fix Today’s Energy Inflation Problem
The Fed Cannot Fix Today’s Energy Inflation Problem There is a reason for raising interest rates to try to fight inflation. This approach tends to squeeze out the most marginal players in the economy. Such businesses and governments tend to collapse, as interest rates rise, leaving less “demand” for oil and other energy products. The […]
Franklin D. Roosevelt’s Gold Heist
Franklin D. Roosevelt’s Gold Heist Yesterday (April 5) marked the anniversary 0f the signing of Executive Order 6102 by President Franklin D. Roosevelt. It was touted as a measure to stop gold hoarding, but it was in reality, an attempt to remove gold from public hands. Many people refer to EO-6102 as a gold confiscation […]
“The Last War We Can Afford To Fight”: Tucker Carlson Sounds Alarm Over De-Dollarization, Slams Biden Admin For Pissing Off World
“The Last War We Can Afford To Fight”: Tucker Carlson Sounds Alarm Over De-Dollarization, Slams Biden Admin For Pissing Off World As we’ve noted several times of late, a growing number of countries are threatening the US dollar’s status as the global reserve currency by conducting global trade without it – you know, the thing Saddam and Gaddafi threatened to do […]
BRICS Nations Developing “New Currency” as Quest for Global De-Dollarization Accelerates
BRICS Nations Developing “New Currency” as Quest for Global De-Dollarization Accelerates China and Brazil recently finalized a trade deal in their own currencies completely bypassing the dollar, but that’s not the only bad news for the world’s reserve currency. Last week, a Russian official announced that the BRICS nations are working to develop a “new currency,” […]
De-dollarization Has Begun.
De-dollarization Has Begun. Last week, China and Brazil reached an agreement to settle trades in one anothers’ currencies. Over the past 15 years, China has replaced the United States as the main trading partner of resource-rich Brazil, and as such that shift may have been inevitable. But within the context of recent circumstances, this appears to […]
Global Bankruptcy Already Baked In
Global Bankruptcy Already Baked In Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing. It’s really that simple. In eras of easy credit, both creditworthy and marginal borrowers are suddenly able to borrow more. This flood of new cash seeking a return […]
Wheat Spread Hits Record As Drought Plagues Midwest
Wheat Spread Hits Record As Drought Plagues Midwest The spread between hard-red winter wheat and soft-red winter wheat has blown out to a record high as drought threatens crop yields across the Midwest and other major farming regions. Hard-red winter wheat’s premium over soft-red winter wheat is $1.72 a bushel in Chicago on Tuesday morning, […]
The schizophrenic understanding of money in economics
The schizophrenic understanding of money in economics One of the great ironies of economics is that, while the public regards economists as experts on money, the issue of how money is created is still not settled within economics. In 2014, the Bank of England published a landmark paper explicitly rejecting the textbook model of money […]
“Dr. Doom” Nouriel Roubini Warns Of Stagflationary Megathreat
“Dr. Doom” Nouriel Roubini Warns Of Stagflationary Megathreat Though the threat of an exponential liquidity crisis is a conversation that Bloomberg should have been seriously addressing two years ago, it’s good to see that reality is finally hitting the mainstream media. Nouriel Roubini, also known as “Dr. Doom” because he’s one of the few mainstream […]
The Energy Transition Is a Delusion Indeed
The Energy Transition Is a Delusion Indeed The “energy transition” continues to receive thunderous applause from all the usual Beltway suspects, an exercise in groupthink fantasy amazing to behold. For those with actual lives to live and thus uninterested in silliness: The “energy transition” is a massive shift, wholly artificial and politicized, from conventional energy inexpensive (Table […]
World Bank Warns Of ‘Lost Economic Decade’ As Turmoil Spreads
World Bank Warns Of ‘Lost Economic Decade’ As Turmoil Spreads The world is in a precarious situation, with the potential for nuclear conflict. Central banks are taking aggressive measures to address decades-high inflation by raising interest rates, which in turn is causing a banking crisis in the Western world. As recession risks surge worldwide and […]
