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Tag Archives: united states
False Bizarre Economy Renders GDP Useless (Part 1)
False Bizarre Economy Renders GDP Useless (Part 1) GDP Growth Is Akin To “Magic Illusion 101” We may be getting to the place where more people are beginning to realize the illusion created from printing and pouring trillions of dollar haphazardly into the economy can’t last. Today, consumer confidence hinges on what Washington decides to […]
CHART OF THE WEEK: The Surprising Drop In U.S. Crude Oil Production
CHART OF THE WEEK: The Surprising Drop In U.S. Crude Oil Production U.S. crude oil production experienced a surprising drop last week, even though domestic demand for oil and petroleum products increased. This came as a surprise to some energy analysts. Furthermore, the IEA, International Energy Agency came out with a forecast for global oil demand […]
The Wonders of Free Money in Two Pictures
The Wonders of Free Money in Two Pictures Lesson of the Day If you give away enough free money, spending recovers. Census Report on Advance Retail Sales The Census report on Advance Retail Sales provides half of our “Lesson of the Day“. Adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, July sales […]
California Forced Into Rolling Blackouts As Heatwave Sparks First “Stage 3” Energy Crisis In 20 Years
California Forced Into Rolling Blackouts As Heatwave Sparks First “Stage 3” Energy Crisis In 20 Years While the rest of the country was distracted by the stimulus talks and the ongoing coronavirus situation, another deadly wildfire season has begun in California. And with the state’s prison population in the grips of an uncontrolled outbreak that […]
Putin Sees US & Iran Headed Toward War – Proposes Urgent World Summit To Stop It
Putin Sees US & Iran Headed Toward War – Proposes Urgent World Summit To Stop It Russia thinks war between the US and Iran is on the horizon, and is proposing steps to stop it: Russian President Vladimir Putin on Friday proposed a video summit with the United States, Britain, France, China, Germany and Iran […]
Imperialists Run The Same Tired Old Script Day After Fucking Day
Imperialists Run The Same Tired Old Script Day After Fucking Day Imperialist pundit and Obama administration cold warrior Michael McFaul recently tweeted the following: “Belarusians, inside and outside of the country, have reached out to me this week to ask why the West is so indifferent to their courageous fight for democracy. I can’t explain. Can you?” […]
The Undoing Of Illusions: Notes From The Edge Of The Narrative Matrix
The Undoing Of Illusions: Notes From The Edge Of The Narrative Matrix Governments have obscenely well-funded intelligence agencies that are literally dedicated to orchestrating secret conspiracies around the world, but if you say they might be conspiring in some part of the world people call you a mentally ill conspiracy theorist. ~ The fact that the […]
China & US War in 3 Months?
China & US War in 3 Months? The former Labor Prime Minister of Australia Kevin Rudd has come out in a piece he wrote in Foreign Affairs – Beware the Guns of August—in Asia. Rudd is claiming that the US and China may go to war in three months ahead of the US elections. This is clearly the […]
GDP & Consumer Confidence in Crash Mode
GDP & Consumer Confidence in Crash Mode The impact of Coronavirus is far worse than most can imagine. GDP dropped 32% during the 2nd-quarter which is a new historical record surpassing every recession and the Great Depression of both the 19th and 20th centuries. The epidemiologists cannot be this stupid. The people who have died […]
We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before
We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before For a very long time we have been warned that a U.S. economic collapse was inevitably coming, and now it is here. Fear of COVID-19 and unprecedented civil unrest in our major cities have combined to plunge us into a historic […]
US Threatens European backers of Nord Stream 2 Pipeline, NATO in DC’s Crosshairs
US Threatens European backers of Nord Stream 2 Pipeline, NATO in DC’s Crosshairs The Nord Stream 2 pipeline is nearing completion despite all the best efforts by the U.S. to stop its construction, causing a rift between Washington and its largest European ally and the potential end of NATO. The U.S. is starting to fret […]
Election 2020: The Worst Case Scenario Is The Most Likely One
Election 2020: The Worst Case Scenario Is The Most Likely One The most frequently asked question I get these days is what is going to happen in November, 2020. The election seems to be on the majority of people’s minds even more so that the coronavirus pandemic. In the summer of 2016 I accurately predicted that Donald Trump […]
US Facing Mounting Debt Amid Global Pandemic – ABC
US Facing Mounting Debt Amid Global Pandemic – ABC Good interview with Professor Barry Eichengreen of UC Berkeley, a good friend of GMM, and odds on favorite to be a Nobel laureate one day. We agree with him that now is not the time to worry about the public debt as we are already down this rabbit hole and […]
Trump’s Golden Era of Energy Is Turning to Lead
Trump’s Golden Era of Energy Is Turning to Lead It was just over a year ago that President Trump announced, “The golden era of American energy is now underway,” saying that his policies focused on exploiting oil, gas, and coal were “unleashing energy dominance.” What a difference a year makes. On July 10, the Financial Times ran an […]
