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28 trillion reasons to have a Plan B
28 trillion reasons to have a Plan B At the close of business on Monday March 1st, just a few days ago, the US national debt crossed $28 trillion for the first time in history. To the penny, in fact, the national debt hit $28,004,376,276,999.35. And bear in mind that figure doesn’t include the $1.9 […]
Jerome von Havenstein: Inflation Or Bust
Jerome von Havenstein: Inflation Or Bust This week brought forth new evidence that – to be perfectly frank – we’re all screwed. On Thursday, the yield on the 10 year Treasury note topped 1.55 percent. Subsequently, the Dow Jones Industrial Average, after hitting an all-time high on Wednesday, dropped 559 points. Wall Street must not […]
The Outage at the Federal Reserve
The Outage at the Federal Reserve The outage of the National Settlement Service and the Fedwire Securities Service, which provides issuance, settlement, and transfer services for Treasuries and other government securities, was down and this has caused some concern and then conspiracy theories mixed in. The Fed made progress reversing the shutdown within a couple […]
New Evidence Shows Fertile Soil Gone From Midwestern Farms
New Evidence Shows Fertile Soil Gone From Midwestern Farms Soil on hilltops in this photo is lighter in color, revealing a loss of fertile topsoil. Evan Thaler for NPR Farming has destroyed a lot of the rich soil of America’s Midwestern prairie. A team of scientists just came up with a staggering new estimate for […]
60 Years After Eisenhower’s Warning, Distinct Signs of a ‘Digital-Intelligence Complex’
60 Years After Eisenhower’s Warning, Distinct Signs of a ‘Digital-Intelligence Complex’ In June 2019, Susan Gordon stood on a stage at the Washington Convention Center. Behind her loomed three giant letters, “AWS,” the abbreviation for Amazon Web Services, the cloud computing division of the giant Internet retailer. After three decades at the Central Intelligence Agency, […]
House Democrats, Targeting Right-Wing Cable Outlets, Are Assaulting Core Press Freedoms
House Democrats, Targeting Right-Wing Cable Outlets, Are Assaulting Core Press Freedoms Democrats’ justification for silencing their adversaries online and in media — “they are spreading fake news and inciting extremism” — is what despots everywhere say. Speaker of the House Nancy Pelosi (D-CA) (C) with other House Democrats at the U.S. Capitol January 15, 2020 […]
Who Bought the $4.5 Trillion Added in One Year to the Incredibly Spiking US National Debt, Now at $27.9 Trillion?
Who Bought the $4.5 Trillion Added in One Year to the Incredibly Spiking US National Debt, Now at $27.9 Trillion? Someone had to buy every dollar of this monstrous debt. Here’s Who. The Fed isn’t the only one. But China continues to unwind its holdings. Driven by stimulus and bailouts, and fired up by the […]
Putin’s Warnings at the World Economic Forum
Putin’s Warnings at the World Economic Forum Putin’s speech at the World Economic Forum was quite insightful. He said that we “are seeing a crisis of the previous models and instruments of economic development. Social stratification is growing stronger both globally and in individual countries. We have spoken about this before as well. But this, in […]
Biden DOJ Files Appeal to Get Assange Extradited
Biden DOJ Files Appeal to Get Assange Extradited The U.S. has filed an appeal with the High Court in London to reverse a decision by a British judge not to extradite the WikiLeaks publisher on health grounds. The liberal administration of Joe Biden proved itself to be no less an enemy of press freedom than Donald Trump […]
When America Voted Out Fascism: Notes From The Edge Of The Narrative Matrix
When America Voted Out Fascism: Notes From The Edge Of The Narrative Matrix Biden may be trying to extradite a journalist for exposing US war crimes, and he may be inflicting mass murder and starvation sanctions on disobedient governments around the world to ensure perpetual global domination, but at least America voted out fascism. ❖ The “two” […]
Dollar’s Purchasing Power Drops to Record Low, Despite Aggressive “Hedonic Quality Adjustments”
Dollar’s Purchasing Power Drops to Record Low, Despite Aggressive “Hedonic Quality Adjustments” Spiking prices for new and used vehicles under the microscope. The “Purchasing Power of the Consumer Dollar” – part of the Bureau of Labor Statistics’ Consumer Price Index data released today – is the politically incorrect mirror image of inflation in consumer prices, as […]
The Only Way Out of the Death Trap
The Only Way Out of the Death Trap I’ve said the U.S. is caught in a debt death trap. Monetary policy won’t get us out because the velocity of money, the rate at which money changes hands, is dropping. Printing more money alone will not change that. Fiscal policy won’t work either because of high […]
Rabobank: The Everything Bubble Has Become More Everything And More Bubble
Rabobank: The Everything Bubble Has Become More Everything And More Bubble Oh-No-Bi-Wan Kenobi For those who haven’t seen it –and I accept there are now probably many readers who haven’t– there is a classic scene in the first Star Wars film (Episode IV) in which Jedi Master Obi-Wan Kenobi tells his villainous duelling opponent, his […]
