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Olduvai III: Catacylsm
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The Importance Of A Resilient Life

The Importance Of A Resilient Life In the end, it will mean all the difference My business partner Adam and I recently met with a successful business owner whose career began on Wall Street. The kind of guy who should be rooting for the system, because it has treated him well. Instead, he was quite […]

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In Shock Move, India Nationalizes Giant Shadow Bank At Center Of Market Rout

In Shock Move, India Nationalizes Giant Shadow Bank At Center Of Market Rout One week after we reported that India’s NPL crisis finally erupted after IL&FS, a major shadow bank at the heart of India’s economy defaulted in one day on three debt payments, India’s government announced on Monday that it would immediately seize control […]

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The Endgame of Financialization: Stealth Nationalization

The Endgame of Financialization: Stealth Nationalization This is the new model of nationalization: central banks control the valuation of private-sector assets without actually having to own them lock, stock and barrel. As you no doubt know, central banks don’t actually print money and toss it out of helicopters; they create a digital liability and use […]

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China Proposes Unprecedented Nationalization Of Insolvent Companies: Banks Will Equitize Non-Performing Loans

China Proposes Unprecedented Nationalization Of Insolvent Companies: Banks Will Equitize Non-Performing Loans In what may be the biggest news of the day, and certainly with far greater implications than whatever Mario Draghi will announce in a few hours when we will again witness the ECB doing not “whatever it takes” but “whatever it can do”, moments ago Reuters […]

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The Endgame Takes Shape: “Banning Capitalism And Bypassing Capital Markets”

The Endgame Takes Shape: “Banning Capitalism And Bypassing Capital Markets” One month ago we presented to readers that in the first official “serious” mention of “Helicopter Money” as the next (and final) form of monetary stimulus, Australia’s Macquarie Bank said that there is now about 12-18 months before this “unorthodox” policy is implemented. We also predicted that […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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