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This Is What Central Bankers Think Of Retail Investors
This Is What Central Bankers Think Of Retail Investors We previously covered the recently burst mega-Ponzi scheme fraud, Ezubao, the biggest in Chinese history which conned more than 900,000 investors out of $7.6 billion in less than two years under the guise of being a P2P lending platform, in this is what happens when “Chinese […]
Slouching Toward The Dark Side
Slouching Toward The Dark Side Last Wednesday we noted there is something rotten in the state of Denmark, meaning that the world’s great potemkin village of Bubble Finance is unraveling. The evidence piles up by the day. To wit, now comes still another story about the Red Paddy Wagons rolling out in China. This time they are rounding-up the proprietors of a $7.6 […]
Square Holes and Currency Pegs
Square Holes and Currency Pegs When David Bowie died, everybody, in what they wrote and said, seemed to feel they owned him, and owned his death, even if they hadn’t thought about him, or listened to him, for years. In the same vein, though the Automatic Earth has been talking about deflation (for 8 years, […]
Why This Slump Has Legs
Why This Slump Has Legs We’ve only really been in two weeks of trading in the new year, things are looking pretty bad to say the least, so predictably the press are asking -and often answering- questions about when the slump will be over. Rebound, recovery, the usual terminology. When will we get back to […]
China, Oil and Markets: It’s All One Story
China, Oil and Markets: It’s All One Story If there’s one thing to take away from this year’s developments in markets and economies so far, it’s that they are all linked, they’re all part of the same thing. If you can’t see that, you’re not going to understand what’s happening. Looking at falling oil prices […]
Now Comes The Great Unwind—-How Evaporating Commodity Wealth Will Slam The Casino
Now Comes The Great Unwind—-How Evaporating Commodity Wealth Will Slam The Casino The giant credit fueled boom of the last 20 years has deformed the global economy in ways that are both visible and less visible. As to the former, it only needs be pointed out that an economy based on actual savings from real production […]
2016 Is “Terminal Phase of Most Destructive Ponzi Scheme” in History
2016 Is “Terminal Phase of Most Destructive Ponzi Scheme” in History This article was written by SGT and was first published at SGTreport.com. Editor’s Comment: Most anyone who follows the economic news already knows that the signs of collapse are all over the wall, but what numbers and statistics on paper can’t convey is the pain […]
Sell The Bonds, Sell The Stocks, Sell The House —–Dread The Fed!
Sell The Bonds, Sell The Stocks, Sell The House —–Dread The Fed! There is going to be carnage in the casino, and the proof lies in the transcript of Janet Yellen’s press conference. She did not say one word about the real world; it was all about the hypothecated world embedded in the Fed’s tinker toy […]
Fractional-Reserve Banking is Pure Fraud, Part I – Jeff Nielson
Fractional-Reserve Banking is Pure Fraud, Part I This is a commentary which should never have needed to be written. What is euphemistically called “fractional-reserve banking” is obvious fraud, and obvious crime. By its very definition; it transforms the banking sector of an economy into a leveraged Ponzi-scheme, and as with all Ponzi-schemes, there is no […]
Low Interest Rates Cannot Save a House of Cards
Low Interest Rates Cannot Save a House of Cards When is the price of some marketable good or service at or near zero? When either the supply of it is so plentiful that virtually any demand, no matter how great, can be satisfied. Or when no matter how large or small the supply of it […]
Fed Cred is Dead
Fed Cred is Dead The economy is a two-headed monster. One head is the trade in real goods and real services. The other head is the financialized traffic in swindles and frauds that surrounds banking. There is some deception and overlap about which is which. For instance so-called health care might be perceived as a […]
The Wall Street Ponzi At Work——The Stock Pumping Swindle Behind Four Retail Zombies
The Wall Street Ponzi At Work——The Stock Pumping Swindle Behind Four Retail Zombies In the nearby column Jim Quinn debunks Wall Street’s latest claim that the American consumer is bounding back. He points out that on an inflation-adjusted basis retail sales are barely higher than they were a year ago, and, for that matter, are still only 4% greater in real terms […]
The Great China Ponzi—-An Economic And Financial Trainwreck Which Will Rattle The World
The Great China Ponzi—-An Economic And Financial Trainwreck Which Will Rattle The World There is an economic and financial trainwreck rumbling through the world economy. Namely, the Great China Ponzi. In all of economic history there has never been anything like it. It is only a matter of time before it ends in a spectacular collapse, leaving the global […]
It’s Not Just Margin Debt: Presenting The Complete Chinese Stock Market Ponzi Schematic
It’s Not Just Margin Debt: Presenting The Complete Chinese Stock Market Ponzi Schematic Late last month in “The Biggest Threat To Chinese Stocks: Shadow Lending Crackdown“, we suggested that the pressure on Chinese equities – which at that point had only begun to build – was at least partially attributable to an unwind in the […]
