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India: Cash is Back
India: Cash is Back But the Crisis has Deepened and has Become More Entrenched (Part XIV) Nobody for President On 17th July 2017, India will elect a new President through a vote of the elected representatives. The two real choices are between Ram Nath Kovind and Meira Kumar. Afraid of looking completely ignorant, I asked […]
Myths Behind the War on Cash
Myths Behind the War on Cash The attacks on physical cash from a phalanx of economists, central bankers, commercial banks, and politicians have not diminished in recent years. On the contrary, in the face of the worldwide increase in terror attacks, particularly in Europe, and ongoing pressure on public budgets, the cash ban issue is […]
If We Don’t Change the Way Money Is Created, Rising Inequality and Social Disorder Are Inevitable
If We Don’t Change the Way Money Is Created, Rising Inequality and Social Disorder Are Inevitable Centrally issued money optimizes inequality, monopoly, cronyism, stagnation and systemic instability. Everyone who wants to reduce wealth and income inequality with more regulations and taxes is missing the key dynamic: central banks’ monopoly on creating and issuing money widens wealth […]
Four Reasons Central Banks are Wrong to Fight Deflation
Four Reasons Central Banks are Wrong to Fight Deflation The word “deflation” can be defined in various ways. According to the most widely accepted definition today, deflation is a sustained decrease of the price level. Older authors have often used the expression “deflation” to denote a decreasing money supply, and some contemporary authors use it […]
Debt-Based Money Corrodes Society
Debt-Based Money Corrodes Society We open today’s reckoning with a hypothesis: The current monetary system debauches the culture. Long-suffering readers are familiar with our… diminished regard for paper money. Paper money — or digital money nowadays — is the great bogeyman of the boom/bust cycle. It inflates bubbles of every model and make. Meanwhile, paper […]
Why The Markets Are Overdue For A Gigantic Bust
r.classen/Shutterstock Why The Markets Are Overdue For A Gigantic Bust It’s just not possible to print our way to prosperity Let me begin with a caveat: confirmation bias is an ever-present risk for an analyst such as myself. If you’re not familiar with the term, ‘confirmation bias’ suggests that once we’ve invested time and emotional […]
Just a quick reminder of who’s really in charge
Just a quick reminder of who’s really in charge Today the world of banking and finance waited with baited breath for the Federal Reserve in the United States to hike… or not to hike… interest rates. This happens several times each year as the central bank’s Federal Open Market Committee gathers to set monetary policy […]
Multiple Bubbles Are Going to Bring America to Its Knees: “The Warning Signs Are There”
Multiple Bubbles Are Going to Bring America to Its Knees: “The Warning Signs Are There” If you’ve been paying attention to the ongoing degradation of the American economy since the last financial crisis, you’re probably flabbergasted by the fact that our economy has managed to make it this far without imploding. I know I am. […]
Why This Market Needs To Crash
bofotolux/Shutterstock Why This Market Needs To Crash And likely will Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today’s markets are dangerously overpriced. Being market fundamentalists who don’t believe it’s possible to simply print prosperity out of thin air, we’ve […]
Banks Are Evil
Barandash Karandashich/Shutterstock Banks Are Evil It’s time to get painfully honest about this I don’t talk to my classmates from business school anymore, many of whom went to work in the financial industry. Why? Because, through the lens we use here at PeakProsperity.com to look at the world, I’ve increasingly come to see the financial […]
When This All Blows Up…
Shutterstock When This All Blows Up… Understanding the how & when of the next economic crash This report marks the end of a series of three big trains of thought. The first explained how we’re living through the Mother Of All Financial Bubbles. The next detailed the Great Wealth Transfer that is now underway, siphoning our wealth into […]
Arizona Challenges the Fed’s Money Monopoly
Arizona Challenges the Fed’s Money Monopoly History shows that, if individuals have the freedom to choose what to use as money, they will likely opt for gold or silver. Of course, modern politicians and their Keynesian enablers despise the gold or silver standard. This is because linking a currency to a precious metal limits the […]
The Coming Great Wealth Transfer
WakingTimes.com The Coming Great Wealth Transfer Spoiler alert! It’s already here. In the past, I’ve warned about the coming Great Wealth Transfer. But now we need to talk about it in the present tense, because it’s here. And it will only accelerate from here on out. The Rich will get richer at the expense of everybody else. This […]
Must Read of the Day – Energy, Money, and the Destruction of Equilibrium
Must Read of the Day – Energy, Money, and the Destruction of Equilibrium Michael Krieger | Posted Monday Feb 27, 2017 at 4:56 pm I see many economists and entrepreneurs as opponents even if that is not the intention of the economists. Academic economists are most needed by those who have power and want to keep it. Multinational corporations, […]
