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How Far Can The Yen Fall Before Japan Goes Bankrupt?
How Far Can The Yen Fall Before Japan Goes Bankrupt? We may be about to find out Japan’s ongoing march to national bankruptcy has been a recurring theme here. See: Japan Is In That Box Japan Takes Another Step Towards the Cliff How a Country Goes Bankrupt, In 10 Steps Now the death spiral has […]
“Worried About Next Two Months”: Solar Firms Running Out Of Cash In California
“Worried About Next Two Months”: Solar Firms Running Out Of Cash In California The solar industry in California is facing significant headwinds following the implementation of a new policy in April, which reduced incentives that had encouraged homeowners to install solar systems. Bloomberg reports the California Solar & Storage Association has found about 63% of its 400 solar […]
Doug Casey on the Imminent Bankruptcy of the US Government
Doug Casey on the Imminent Bankruptcy of the US Government International Man: Everyone knows that the US government has been bankrupt for many years. But we thought it might be instructive to see its current cash-flow situation. The US government’s budget is the biggest in the history of the world and is growing at an uncontrollable […]
Pakistan’s Dystopian Warning to the World
Pakistan’s Dystopian Warning to the World Supporters of former Prime Minister Imran Khan at a rally in Rawalpindi in November. Photographer: Asad Zaidi/Bloomberg Pakistan has touted itself as one of the world’s cradles of civilization, flourishing for thousands of years along ancient trade routes passing through the fertile Indus Valley. Now it presents a dystopian […]
A Rogues’ Gallery
A Rogues’ Gallery Ivan Aivazovsky Palace rains in Venice by moonlight 1878Me, personally, I can’t get rid of the notion that all the stablecoins and shitcoins and altcoins that have been initiated and “legalized”, are just a way of “shining” bitcoin in a light of uninvestable darkness. And for that, a bunch of “trading places” (pun intended) […]
Kim Dotcom Breaks Down the True Scale of US Government Debt
KIM DOTCOM BREAKS DOWN THE TRUE SCALE OF US GOVERNMENT DEBT New Zealand tech CEO, Kim Dotcom did the math on the United States’ sovereign debt and he tweeted a thread about it, saying it may the most important thread that he may ever make. Kim explains that US spending and debt have spiraled out of control […]
Bankrupt Sri Lanka Takes Russian Crude As Fuel Crisis Depletes Stocks, Mulls Loan From China
Bankrupt Sri Lanka Takes Russian Crude As Fuel Crisis Depletes Stocks, Mulls Loan From China A foreign exchange shortage has resulted in the worst financial crisis Sri Lanka has ever endured, with shortages of everything from food to crude. Fuel supplies are down to just days, food has run out at supermarkets, and social-economic chaos has unfolded […]
If you thought the Coinbase bankruptcy disclosures were bad…
If you thought the Coinbase bankruptcy disclosures were bad… Just wait ’til you see your government’s bail-in rules One of the subplots that made for a bad week in crypto included a largely manufactured crisis around “The Coinbase bankruptcy disclosure”. After posting an earnings miss, the next shoe to drop was the discovery in the […]
Zog Energy becomes 25th UK supplier to go bust in three months
Zog Energy becomes 25th UK supplier to go bust in three months Company, which supplied gas to about 11,700 households, is another victim of record market prices Zog Energy was founded in 2012 with a plan to offer households simple, affordable gas tariffs. Photograph: Niklas Halle’n/AFP/Getty Images Another of the UK’s small energy companies has […]
Brits Google ‘Energy Bill Help’ As Energy Suppliers Go Bankrupt
Brits Google ‘Energy Bill Help’ As Energy Suppliers Go Bankrupt Extreme gas price volatility has led to a string of bankruptcies among British energy suppliers UK Household gas bills have risen by 28.1 percent and electricity bills 18.8 percent in the year to October Germany’s recent decision to halt approval of the Nord Stream 2 […]
Britain faces ‘massacre’ of 20 more bust energy suppliers, Scottish Power says
Britain faces ‘massacre’ of 20 more bust energy suppliers, Scottish Power says The sun rises behind electricity pylons near Chester, northern England October 24, 2011. REUTERS/Phil Noble/File Photo LONDON, Oct 21 (Reuters) – Britain’s energy market faces an absolute massacre that could force at least 20 suppliers into bankruptcy in the next month alone unless […]
The Staggering Impact Of Online Shopping
The Staggering Impact Of Online Shopping Expect Many Local Stores To Close The ramifications of online shopping during this holiday season while covid-19 rages across the land will be staggering. The fourth quarter is the time of year when retailers normally make the bulk of their annual profits thanks to holiday shopping. The National Retail […]
Election Distraction Has Taken Eyes Off Our Economic Ills
Election Distraction Has Taken Eyes Off Our Economic Ills Lately it has been difficult to write about the economy because of all the noise flowing from the election and covid-19 hype. There is a growing reluctance to opine by many economic skeptics because it appears we have been wrong on recent predictions. Only time will […]
Extend-and-Pretend Caused Bankruptcies to Plunge in Germany, France, Spain. Now Central Banks Tell Banks to Prepare for Bankruptcy Surge
Extend-and-Pretend Caused Bankruptcies to Plunge in Germany, France, Spain. Now Central Banks Tell Banks to Prepare for Bankruptcy Surge The “second wave,” if prolonged, could cause bad loans to almost triple, to €1.4 trillion, says the ECB. German banks need to prepare themselves for a sharp spike in corporate bankruptcies early next year, the Bundesbank […]
The Great American Oil & Gas Massacre: Bankruptcies Hit New Milestone as Bigger Companies Let Go
The Great American Oil & Gas Massacre: Bankruptcies Hit New Milestone as Bigger Companies Let Go The American Oil Boom Was Where Money Went to Die. The amount of secured and unsecured debts, such as loans and bonds, listed in bankruptcy filings in the third quarter by US oil and gas companies, at $34 billion, […]
