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Jackson Hole and the Appalachians
Jackson Hole and the Appalachians Henri Cartier-Bresson Trafalgar Square on the Day of the Coronation of George VI 1937 The Jackson Hole gathering of central bankers and other economics big shots is on again. They all still like themselves very much. Apart from a pesky inflation problem that none of them can get a grip […]
How Capitalist Central Banks Have Been Creating the Next Financial Crisis
How Capitalist Central Banks Have Been Creating the Next Financial Crisis As central bankers, finance ministers, and government policy makers head off to their annual gathering at Jackson Hole, Wyoming, this August, 24-26, 2017, the key topic is whether the leading central banks in North America and Europe will continue to raise interest rates this […]
The Inconvenient Truth of Consumer Debt
The Inconvenient Truth of Consumer Debt It’s acceptable to build infinitely high levels of household debt — as long as rates never rise. Ready for a rainy day?Photographer: Anoek De Groot/AFP/Getty Images Oh, but for the days the hawks had a hero in Sydney. Against the backdrop of a de facto currency war, the Reserve […]
The Mystery Behind Economic Growth
THE MYSTERY BEHIND ECONOMIC GROWTH With sound money and free markets, the evolving production of businesses increases the purchasing power of money over time. We learn, out of the blue, that “the Eurozone is performing well, but with opinions divided on the causes, doubts linger over whether it is a sustainable recovery” (Daily Telegraph, 19 […]
Economic Crises and the Crisis of Economics
Economic Crises and the Crisis of Economics LONDON – Is the economics profession “in crisis”? Many policymakers, such as Andy Haldane, the Bank of England’s chief economist, believe that it is. Indeed, a decade ago, economists failed to see a massive storm on the horizon, until it culminated in the most destructive global financial crisis in […]
First Post-Brexit Bailout Looms As Bank Of England Mulls UK Property Fund ‘Measures’
First Post-Brexit Bailout Looms As Bank Of England Mulls UK Property Fund ‘Measures’ Who could have seen that coming? While many have questioned the “suitability of daily-traded, open-ended property funds that are giving investors access to an illiquid asset,” all the time the price is rising, no one wants to rock the boat. However, now that Brexit […]
Central Bankers Around The Globle Scramble To Defend Markets: BOE Pledges $345BN; ECB, Others Promise Liquidity
Central Bankers Around The Globle Scramble To Defend Markets: BOE Pledges $345BN; ECB, Others Promise Liquidity There was a reason why we warned readers two days ago that “The World’s Central Bankers Are Gathering At The BIS’ Basel Tower Ahead Of The Brexit Result“: simply enough, it was to facilitate an immediate response when a […]
Another Stern Stock Market Crash Warning Was Just Issued by the IMF
Another Stern Stock Market Crash Warning Was Just Issued by the IMF Another stern stock market crash warning was just issued from the International Monetary Fund (IMF), and it’s fueling fear across global markets. The IMF, an organization of 189 countries, is worried about the ripple effects should the United Kingdom vote to leave the European Union […]
Gold is the spectre haunting our monetary system
Gold is the spectre haunting our monetary system A scramble for gold has begun as central banks bet against US dollar inflation CREDIT:ALAMY For a century, elites have worked to eliminate monetary gold, both physically and ideologically. This began in 1914, with the UK’s entry into the First World War. The Bank of England wanted […]
Wikileaks Reveals IMF Plan To “Cause A Credit Event In Greece And Destabilize Europe”
Wikileaks Reveals IMF Plan To “Cause A Credit Event In Greece And Destabilize Europe” One of the recurring concerns involving Europe’s seemingly perpetual economic, financial and social crises, is that these have been largely predetermined, “scripted” and deliberate acts. This is something the former head of the Bank of England admitted one month ago when Mervyn King […]
Brexit Meltdown at the Bank of England
Brexit Meltdown at the Bank of England But it’s supposed to be “independent” from national politics. Project Fear — the massive PR campaign aimed at sowing and watering the seeds of dread about the potential consequences of a YES vote in the upcoming referendum on a British exit from the EU — is in full bloom. […]
The ECB and John Law
THE ECB AND JOHN LAW Last week, the ECB extended its monetary madness, pushing deposit rates yet more negative. It is extending quantitative easing from sovereign debt into non-financial investment grade bonds, while increasing the pace of acquisition to €80bn per month. The ECB also promised to pay the banks to take credit from it […]
Former Bank of England Governor Says Eurozone Must Break Up
Former Bank of England Governor Says Eurozone Must Break Up From today’s Open Europe news summary: FORMER BANK OF ENGLAND GOVERNOR WARNS EUROZONE MUST BREAK UP IF SOME MEMBERS ARE EVER TO PROSPER AGAIN In his new book, former Governor of the Bank of England Lord Mervyn King warns, “Put bluntly, monetary union has created […]
Striking Admission By Former Bank Of England Head: The European Depression Was A “Deliberate” Act
Striking Admission By Former Bank Of England Head: The European Depression Was A “Deliberate” Act Once again we find that it is only after they leave their official posts that central bankers finally tell the truth. Last night, it was Alan Greenspan who blasted the state of the economy, saying that “we’re in trouble basically because […]
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 […]
