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Zoltan Pozsar: G7 Investors Should Worry About Gold-Backed Renminbi Eclipsing Dollars, Commodity Encumbrance
Zoltan Pozsar: G7 Investors Should Worry About Gold-Backed Renminbi Eclipsing Dollars, Commodity Encumbrance Credit Suisse contributor Zoltan Pozsar has continued his ongoing series about Bretton Woods III where commodities will dictate the new world order. For his last dispatch of the year, he described how the world is now shifting to a multipolar order “being built not […]
The degrowth propaganda squad
The degrowth propaganda squad Degrowth. Image: Klimacamp Wien What degrowth thinkers can learn from free market economist Friedrich Hayek and the father of public relations, Edward Bernays. ‘There is no alternative.’ The infamous slogan used by Margaret Thatcher would often be flung in your face, explicitly or implicitly, whenever you tried, in recent decades, to resist […]
Zoltan Pozsar’s Gold-mageddon Deconstructed
Zoltan Pozsar’s Gold-mageddon Deconstructed “[B]anks have been managing their paper gold books with one assumption, which is that [Nation] states would ensure gold wouldn’t come back as a settlement medium.” -Zoltan Pozsar Before we go any further, we read ZeroHedge’s report on this letter Dec 7th entitled: Zoltan Pozsar: Gold To Soar…When Putin Unveils Petrogold (ZH Prem) and […]
15 Facts Which Prove That A Massive Economic Meltdown Is Already Happening Right Now
15 Facts Which Prove That A Massive Economic Meltdown Is Already Happening Right Now Economic conditions just keep getting worse. As we prepare to enter 2023, we find ourselves in a high inflation environment at the same time that economic activity is really slowing down. And just like we witnessed in 2008, employers are conducting […]
Dave Collum’s 2022 Year In Review, Part 1: All Roads Lead To Ukraine
Dave Collum’s 2022 Year In Review, Part 1: All Roads Lead To Ukraine This Year in Review is brought to you by Pfizer, FTX, and Raytheon… Every year, David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. This year’s is no exception, with Dave striking again in his usually […]
Inflation, recession, and declining US hegemony
Inflation, recession, and declining US hegemony In the distant future, we might look back on 2022 and 2023 as pivotal years. So far, we have seen the conflict between America and the two Asian hegemons emerge into the open, leading to a self-inflicted energy crisis on the western alliance. The forty-year trend of declining interest […]
It’s Wholesale Robbery!
It’s Wholesale Robbery! The latest inflation news was glorious, they said. The whole media told us so! It’s easing, improving, better than it has been and headed in the right direction. So stop your kvetching and get out there and make (and spend) money. For that matter, throw around the credit card a bit and […]
US Government in Full Scale Implosion Because of Corruption – Catherine Austin Fitts
US Government in Full Scale Implosion Because of Corruption – Catherine Austin Fitts Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says the U.S. government is so fraudulent that it will self-destruct much sooner than later. CAF predicts, “If you look at FTX, my question […]
Global Rate Hikes Hit the Wall of Debt Maturity
Global Rate Hikes Hit the Wall of Debt Maturity More than ninety central banks worldwide are increasing interest rates. Bloomberg predicts that by mid-2023, the global policy rate, calculated as the average of major central banks’ reference rates weighted by GDP, will reach 5.5%. Next year, the federal funds rate is projected to reach 5.15 percent. Raising […]
The Vital Connection Between Oil and the Economy Revealed in 2 Simple Charts
The Vital Connection Between Oil and the Economy Revealed in 2 Simple Charts
The economy is moving from a tailwind pushing it along to a headwind holding it back
The economy is moving from a tailwind pushing it along to a headwind holding it back The problem is hitting limits in the extraction of fossil fuels We know that historically, many economies around the world have collapsed. We also know that there is a physics reason why this happens. Growing economies require a growing supply of […]
Germany Unleashed Half-Trillion Dollar ‘Energy Bazooka’ To Keep Lights On
Germany Unleashed Half-Trillion Dollar ‘Energy Bazooka’ To Keep Lights On Western sanctions on Moscow have backfired, failed to paralyze Russia’s economy, and ultimately sparked financial pain for ordinary Europeans and the largest economy in the block. According to Reuters calculations, Germany has hemorrhaged cash to the tune of 440 billion euros ($465 billion) in energy bailouts and […]
Gutting Germany — Part 3: Diesel
Gutting Germany — Part 3: Diesel A story of economic suicide in the face of resource depletion Photo by Jennifer Latuperisa-Andresen on Unsplash In the past two installments (here & here) we have seen how the geology driven decline in coal production in Germany has led to an increase in natural gas consumption and black coal imports. Now, that Russian […]
More Than Half of Canadians Worried About Putting Food on the Table: Poll
A woman shops for produce in a grocery store in Toronto, Canada, in a file photo. (Nathan Denette/The Canadian Press) More Than Half of Canadians Worried About Putting Food on the Table: Poll A new poll suggests that more than half of Canadians surveyed are worried about having enough money to put food on the […]
