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The Government Debt Paradox: Pick Your Poison
The Government Debt Paradox: Pick Your Poison Lasting Debt “Rule one: Never allow a crisis to go to waste,” said President Obama’s Chief of Staff Rahm Emanuel in November of 2008. “They are opportunities to do big things.” Rahm Emanuel looks happy. He should be – he is the mayor of Chicago, which is best […]
ECB – Draghi & Tapering
ECB – Draghi & Tapering The European Central Bank (ECB) is expected to begin reducing its bond purchases gradually tampering its stimulation program of Quantitative Easing (QE). Nevertheless, reliable sources tell of the ECB being extremely cautious fearing what will happen if buyers do not appear and rates begin to rise sharply. The difference between […]
When Assets (Such as Real Estate) Become Liabilities
When Assets (Such as Real Estate) Become Liabilities December 27, 2016 It will be the middle class that accepted the notion that “real estate is the foundation of family wealth” that will be stripmined by higher taxes on immobile assets such as real estate. Correspondent Joel M. submitted an article that struck me as a […]
Essential history: ‘Forever debt’ Federal Reserve system invented to pay interest without ever ever ever repaying debt – definition of ‘Ponzi scheme’
Essential history: ‘Forever debt’ Federal Reserve system invented to pay interest without ever ever ever repaying debt – definition of ‘Ponzi scheme’ Posted on February 25, 2016 by Carl Herman Ponzi scheme: criminal fraud of paying existing “investors” only and always from new “investors.” Collapse occurs without new “investors” and/or existing “investors” panic to cash-in. The US Federal […]
The Damage Has Been Done And The Consequences Will Be Suffered: “Have a Healthy Storage of Food, Precious Metals and Necessary Supplies”
The Damage Has Been Done And The Consequences Will Be Suffered: “Have a Healthy Storage of Food, Precious Metals and Necessary Supplies” While the band plays on and Americans celebrate New Year’s many have no idea what may be in store in 2016. Mainstream financial pundits like to paint a rosy picture of the current […]
Money is also Perishable – Debasement & Devaluation Easier than Taxing or Defaulting
Money is also Perishable – Debasement & Devaluation Easier than Taxing or Defaulting QUESTION: Martin; Why in the world anyone would invest in government debt when they all default in the end? GH ANSWER: Honestly, most people are oblivious to the fact that government always default in modern times. Jean Baptiste Say took the position that a […]
Look Out Below: Corporate Debt In Emerging Markets Has QUADRUPLED Since 2004
Look Out Below: Corporate Debt In Emerging Markets Has QUADRUPLED Since 2004 Debt has skyrocketed globally. And see this. Governments have – of course – dramatically increased their debt since 2008 to fund questionable actions. But 141 years of history shows that excessive private debt in and of itself can cause depressions. American corporations are piling on record amounts of debt. And see this. Private debt […]
The Massive Debt Bomb is Going to Explode: “We Are Reaching a Limit”
The Massive Debt Bomb is Going to Explode: “We Are Reaching a Limit” Debt now defines us. Personal and household debt is at unprecedented historical levels. Many Americans are stretched many times past their limit with no hope of getting out of the black.Student loan debt is its own huge bubble, waiting to burst, and perhaps […]
Cash as a Policy Tool – An Interview with the Hon. Dr. Harald Malmgren
Cash as a Policy Tool – An Interview with the Hon. Dr. Harald Malmgren The Hon. Dr. Harald Malmgren, Chief Executive of Malmgren Global, advises governments and companies on international trade and investment. A former senior aide to US Presidents John F. Kennedy, Lyndon B. Johnson, Richard Nixon and Gerald Ford and to Senators Abraham […]
Why we need to lie to ourselves about the state of the economy
Why we need to lie to ourselves about the state of the economy Since 2007, global debt has grown by US$57 trillion, or 17 per cent of the world’s gross domestic product. Photo: Louie Douvis Like the characters in Samuel Beckett’s Waiting for Godot, the world awaits the return of wealth and prosperity. But the global economy […]
Krugman’s Dopey Diatribe Deifying The Public Debt
Krugman’s Dopey Diatribe Deifying The Public Debt Actually, dopey does not even begin to describe Paul Krugman’s latest spot of tommyrot. But least it appear that the good professor is being caricaturized, here are his own words. In a world drowning in government debt what we desperately need, by golly, is more of the same: That is, there’s a reasonable argument to be […]
Paul Krugman “What Ails The World Right Now Is That Governments Aren’t Deep Enough In Debt”
Paul Krugman “What Ails The World Right Now Is That Governments Aren’t Deep Enough In Debt” This was written by a Nobel prize winning economist without a trace or sarcasm, irony or humor. It is excerpted, and presented without commentary. From the NYT: Debt Is Good … the point simply that public debt isn’t as bad as legend […]
Welcome to the world of ZIRP zombies
Welcome to the world of ZIRP zombies Interest rates in the US, Europe and the UK were reduced to close to zero in the wake of the Lehman crisis nearly seven years ago. Initially zero interest rate policy (ZIRP) was a temporary measure to counter the price deflation that immediately followed the crisis, but since […]
Rocco Galati challenges role of Bank of Canada in latest case
Rocco Galati challenges role of Bank of Canada in latest case Maverick lawyer argues central bank should provide interest-free money for infrastructure The lawyer best known for stopping the Supreme Court appointment of Judge Marc Nadon has turned his sights on the Bank of Canada. Rocco Galati has taken on a case for a group […]
One Last Look At The Real Economy Before It Implodes – Part 3
One Last Look At The Real Economy Before It Implodes – Part 3 In the previous installments of this series, we discussed the hidden and often unspoken crisis brewing within the employment market, as well as in personal debt. The primary consequence being a collapse in overall consumer demand, something which we are at this […]
