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EVs–They’re Not Maintenance-Free, and They Don’t Save You Money
EVs–They’re Not Maintenance-Free, and They Don’t Save You Money
Carbon Credits Are the Biggest Scam Since Indulgences—How You Can Avoid Being Fleeced
Carbon Credits Are the Biggest Scam Since Indulgences—How You Can Avoid Being Fleeced In the Middle Ages, the Catholic Church convinced the commoners to buy indulgences to alleviate their sins. And they made a fortune in the process. Similarly, today, our overlords—the mainstream media, central bankers, and their political allies—are working overtime to convince the […]
What’s Behind California’s Skyrocketing Natural Gas Bills: Insiders
What’s Behind California’s Skyrocketing Natural Gas Bills: Insiders Natural gas is transferred into the SoCalGas system after being collected and purified at a Calgren collection facility in Pixley, Calif., on Oct. 2, 2019. (Mike Blake/Reuters) Californians are expecting skyrocketing natural gas bills this month, but this can’t all be blamed on the weather, according to […]
Why Recession Is Imminent, In Three Charts
Why Recession Is Imminent, In Three Charts Any one of these would be enough to make the case The idea that the world’s central banks can inflate the biggest financial bubble in human history — appropriately called the everything bubble — and then deflate it gently into a soft landing is mathematically and philosophically impossible. […]
Richest 1% begin eyeing up all the stuff you still own
Richest 1% begin eyeing up all the stuff you still own The richest 1% of people on the planet have started looking at the stuff you’ve been allowed to keep, according to sources this morning. After officially managing to own half of all the world’s wealth, the top 1% said that this meant there was still […]
Monetary Policy. Is The Fed Trying To Wean Markets Off Of It?
Monetary Policy. Is The Fed Trying To Wean Markets Off Of It? Is the Fed trying to wean the markets off monetary policy? Such was an interesting premise from Alastair Crooke via the Strategic Culture Foundation. To wit: “The Fed however, may be attempting to implement a contrarian, controlled demolition of the U.S. bubble-economy through interest rate […]
Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies
Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies Rather than cheer the concept of a new currency, we’re better served to look at the velocity of that currency and the cycles of investing that currency in assets denominated in that currency for a low-risk return. Longtime readers know not to expect me to rubber-stamp anything, […]
What is Degrowth?
What is Degrowth? C.R. “Doodle” White Overlook, Hampton, Tennessee I’m going to start this article with a song from Billy Joel. Those outside the United States might find the song somewhat difficult to understand. When the song came out, even I didn’t fully comprehend the implications the song brings to the forefront. The song is basically […]
Want to Know Where the Economy Is Going? Watch The Top 10%
Want to Know Where the Economy Is Going? Watch The Top 10% Should the wealth effect reverse as assets fall, capital gains evaporate and investment income declines, the top 10% will no longer have the means or appetite to spend so freely. Soaring wealth-income inequality has all sorts of consequences. As many (including me) have noted, […]
Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos
Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold, […]
Dusk of a Global Empire
Dusk of a Global Empire The slow passing of a global hegemon, the Empire of all empires, made me ponder how it will pass to the pages of history books. Apparently, its ruling elite has chosen a strategy called spite: knowingly (or unknowingly) hurting their own self interest, hoping that their enemies will be hurt […]
Japan Is Perhaps the Most Important Risk in the World
Japan Is Perhaps the Most Important Risk in the World Speculation is mounting that the Bank of Japan is losing control of the bond market. Jim Grant, editor of «Grant’s Interest Rate Observer», believes this could trigger a shock to the global financial system. He also explains why he expects further surges in inflation and […]
Jason Hickel: Degrowth and Ecosocialism
Jason Hickel: Degrowth and Ecosocialism
