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Bankrupt Chinese Company Reported Cash 15 Times Greater Than Due Debt
Bankrupt Chinese Company Reported Cash 15 Times Greater Than Due Debt That China has had a problem with rising defaults is not news: as we reported back in October, 2018 was already set to be a record year for Chinese bankruptcies. Things only got worse in November and December when defaults spiked to 20.4 billion […]
U.S. Government Debt Bomb Much Higher Than Americans Realize
U.S. Government Debt Bomb Much Higher Than Americans Realize The U.S. Federal debt bomb continues to increase, even with the government shut down. In just one day, the U.S. public debt increased $50 billion on Jan 15th. While the total outstanding Federal debt has now reached nearly $22 trillion, it doesn’t include all U.S. government […]
What happens when the Yellow Vests meet European Debt Crisis II?
What happens when the Yellow Vests meet European Debt Crisis II? There is a lot of talk about which economic bubble will burst first and burst the worst (sounds like a gangsta rap song, no?) The stock market, real estate, luxury goods, corporate debt and government bond bubbles, and other lesser bubbles, all jockey for […]
Turkey’s Debt Crisis Deepens, Erdogan Bails out Banks His Way
Turkey’s Debt Crisis Deepens, Erdogan Bails out Banks His Way Shifting bad consumer & business debts from banks to the public, but the way this bank bailout got packaged is pretty nifty. Turkish President Recep Tayyip Erdoğan has launched a raft of measures ostensibly designed to reanimate the economy, including offering direct financial support for […]
Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day”
Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day” The borrower is the servant of the lender, and one of the primary ways that the elite keep the rest of us subjugated is through the $244,000,000,000,000 mountain of global debt that has been accumulated. Every single […]
Here’s What an American Economic Collapse Could Actually Look Like (And How It May Be a Lot Different Than Folks Expect)
Here’s What an American Economic Collapse Could Actually Look Like (And How It May Be a Lot Different Than Folks Expect) When we think of “economic collapse” our imaginations usually lead us immediately to the desperation we’ve witnessed in places like Venezuela or Greece. We think of starvation, a complete lack of medical care, and […]
The Decline and Fall of the European Union
The Decline and Fall of the European Union This exhaustion of the neocolonial-neofeudal model was inevitable, and as a result, so too is the decline and fall of the European integration/exploitation project. That a single currency, the euro, would fracture rather than unite Europe was understood long before the euro’s introduction as legal tender on […]
Secret Money for Private Armies – Catherine Austin Fitts
Secret Money for Private Armies – Catherine Austin Fitts Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says it looks like a “global recession is coming.” Is that going to cause the debt reset we’ve been hearing about for years? Fitts says, “Make no mistake about it, there is no reason for […]
The Yellow Vests Get it Right, by Robert Gore
The Yellow Vests Get it Right, by Robert Gore Financial nuclear warheads. The mainstream media has degenerated irreparably. Here’s a reliable rule of thumb: if it’s important it’s not covered; if it’s covered it’s not important. Stories in the American mainstream press about Yellow Vest protests have been few. One aspect of the protests, transcendently important, […]
US Debt: Bomb or Overblown?
US Debt: Bomb or Overblown? SUMMARY The latest report from the Congressional Budget Office (CBO) is enough to curdle the blood of any fiscal conservative. According to the report, US federal debt held by the public relative to GDP currently stands at 78 percent (debt issued in Treasury securities). If current trends hold, that number […]
Debt Reset Begins, Global Banks Issue Dire Warnings, Trump Wall Showdown
Debt Reset Begins, Global Banks Issue Dire Warnings, Trump Wall Showdown According to renowned gold investor Jim Sinclair, the global debt reset that has been long predicted has begun. Lots of debt that will never be repaid will be written down around the world. Sinclair says gold and silver will be the last men standing […]
We Are Entering The “Quantitative Failure” Narrative
We Are Entering The “Quantitative Failure” Narrative For a decade, the world brushed off any concerns about soaring global debt under the rug for a simple reason: between the Fed, the ECB and the BOJ, there was always a buyer of last resort, providing an implicit or, increasingly explicit backstop to bond prices, in the […]
The Recession Will Be Unevenly Distributed
The Recession Will Be Unevenly Distributed Those households, enterprises and organizations that have no debt, a very low cost basis and a highly flexible, adaptable structure will survive and even prosper. The coming recession will be unevenly distributed, meaning that it will devastate many while leaving others relatively untouched. A few will actually do better […]
China Won’t Be Taking Over
China Won’t Be Taking Over Pablo Picasso Massacre in Korea 1951 In the New Year, after a close to the old one that was sort of terrible for our zombie markets, do prepare for a whole lot of stories about China (on top of Brexit and Yellow Vests and many more windmills fighting the Donald). […]
