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Olduvai III: Catacylsm
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The House that Ben Built

The House that Ben Built Yes, this collapse does portend to be far worse than the last and it’s a very different type of financial collapse too. After credit markets froze in the subprime crash of 2008-2009 Ben Bernanke and the Fed conjured up a number of monetary tricks to keep the system afloat.  POMO, […]

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Can China Dethrone the US Dollar as Global Reserve

Can China Dethrone the US Dollar as Global Reserve As a result of this ‘trade war’ China has let the yuan slide versus the USD which is a warning to Trump, specifically Mnuchin. On the US dollar as reserve currency, that is a tough thing to break especially for China since the yuan is not […]

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Ukraine’s IMF Gold and the Gold Carry Trade

Ukraine’s IMF Gold and the Gold Carry Trade Important Tools for the Monetary Cartel Let’s first consider a typical International Monetary Fund (IMF) loan to a sovereign in trouble, and then examine a typical gold carry trade transaction to support a sovereign arms deal. The intent is to demonstrate the importance of physical sovereign gold […]

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Is The EIA Too Optimistic On U.S. Oil Output?

Is The EIA Too Optimistic On U.S. Oil Output? After following the weekly production statistics avidly for some months and initially being smugly pleased by the data saying exactly what I wanted to hear, I then became completely befuddled by the data saying the opposite. I had almost reached the conclusion that the weekly production […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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