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Plunging Manufacturing Numbers Mean That It Is Time To Hit The Panic Button For The Global Economy
Plunging Manufacturing Numbers Mean That It Is Time To Hit The Panic Button For The Global Economy We haven’t seen numbers like these since the last global recession. I recently wrote about how global trade is imploding all over the planet, and the same thing is true when it comes to manufacturing. We just learned that […]
Fear The Smell Of (Monetary) Napalm In The Morning
Fear The Smell Of (Monetary) Napalm In The Morning Via ConvergEx’s Nick Colas, Warm up the choppers and put some Wagner on the loudspeakers – “Helicopter money” is a hot economic topic. That’s where central banks print money and either hand it to the government for things like infrastructure investment or just send it out […]
BREAKING: US government releases its 2015 financial statements
BREAKING: US government releases its 2015 financial statements Hot off the presses, the US government just published its audited financial statements this morning, signed and sealed by Treasury Secretary Jack Lew. These reports are intended provide an accurate accounting of government finances, just like any big corporation would do. And once again, the US government’s […]
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 […]
Western Peoples Are Being Re-Enserfed
Western Peoples Are Being Re-Enserfed Following the collapse of the Western Roman Empire, free farmers were defenceless in the face of Viking, Magyar, and Saracen raiders. The need for protection led to the enserfment of free people who accepted the suzerainty of those able to provide walled defenses and armed fighters to ward off attacks. […]
Donald Trump Is Right – Here Are 100 Reasons Why We Need To Audit The Federal Reserve
Donald Trump Is Right – Here Are 100 Reasons Why We Need To Audit The Federal Reserve When one of our major politicians gets something exactly right, we should applaud them for it. In this case, Donald Trump’s call to audit the Federal Reserve is dead on correct. Most Americans don’t realize this, but the […]
It Starts: Subprime Auto Loans Implode (in Your Bond Fund)
It Starts: Subprime Auto Loans Implode (in Your Bond Fund) “Fears of an impending liquidity crunch in that asset class.” “What is happening in this space today reminds me of what happened in mortgage-backed securities in the run-up to the crisis,” U.S. Comptroller of the Currency Thomas Curry warned in October about the auto loan bubble. And […]
Steen Jakobsen: The End Of The Debt Cycle
Steen Jakobsen: The End Of The Debt Cycle As transformational as the fall of the Berlin Wall As we’ve been watching closely, something is wrong with the big banks. Their shares have lost 25-33% of their market value since the beginning of the year. What’s going on? The turmoil seems greatest in Europe, where bank […]
The Evil Empire Has The World In A Death Grip
The Evil Empire Has The World In A Death Grip In my archives there is a column or two that introduces the reader to John Perkins’ important book, Confessions of an Economic Hit Man. An EHM is an operative who sells the leadership of a developing country on an economic plan or massive development project. The […]
The Fatal Flaw That Has Doomed Our Economy
The Fatal Flaw That Has Doomed Our Economy What Went Wrong? BALTIMORE – We are searching for an insight. Each time we think we see it… like the shadow of a ghost in an old photo… it gets away from us. It concerns the real nature of our money system… and what’s wrong with it. […]
The World is Red
The World is Red With a Gloomy Start to 2016, a Bust Seems just Around the Corner Markets have corrected substantially since the beginning of the year as most of the gains of the past two years have been erased. According to Bloomberg, 40 out of the largest 63 markets have dropped over 20%. The image […]
The US Economy Has Not Recovered And Will Not Recover
The US Economy Has Not Recovered And Will Not Recover The US economy died when middle class jobs were offshored and when the financial system was deregulated. Jobs offshoring benefitted corporate executives and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital […]
China Unleashes A Debt Tsunami: Creates $1 Trillion In Debt In First Two Months Of 2016
China Unleashes A Debt Tsunami: Creates $1 Trillion In Debt In First Two Months Of 2016 One of the more stunning economic updates this week was China’s unprecedented surge in Chinese loan creation, when as reported earlier this week, China unveiled a whopping CNY3.42 trillion in Total Social Financing, its broadest debt aggregate, an amount […]
Auto loan delinquency spikes in Alberta, Saskatchewan
Auto loan delinquency spikes in Alberta, Saskatchewan Credit agency TransUnion points to non-mortgage debt defaults in oil-producing provinces Pickup truck sales have grown rapidly in the past five years, but with job losses in Alberta and Saskatchewan, the debt from auto loans is hanging over some consumers. There has been enormous sales growth of pickup trucks […]
If Zero Interest Rates Fixed What’s Broken, We’d Be in Paradise
If Zero Interest Rates Fixed What’s Broken, We’d Be in Paradise Rather than fix what’s broken with the real economy, ZIRP/NIRP has added problems that only collapse can solve. The fundamental premise of global central bank policy is simple: whatever’s broken in the economy can be fixed with zero interest rates (ZIRP). And the linear extension […]
