Home » Posts tagged 'yves smith'
Tag Archives: yves smith
Gresham’s Law Comes for Science
Gresham’s Law Comes for Science Yves here. KLG below describes how science publications have become much less reliable over time, with the proliferation of “open access” journals part of the problem. As he said via e-mail: As science has hypertrophied, the bad is supplanted the good as spurious quantification of scientific research has come to […]
Turkiye Suspends All Trade With Israel in Surprise New Blow; Israel Threatens Retaliation
Turkiye Suspends All Trade With Israel in Surprise New Blow; Israel Threatens Retaliation Last night, Bloomberg broke the story that Turkiye has suspended all trade with Israel. The Bloomberg account noted that Turkiye had announced the day before that it was joining South Africa in its genocide case against Israel. A later Financial Times story provides […]
The Coming Ukraine Collapse and the “Rebuilding” Headfake
The Coming Ukraine Collapse and the “Rebuilding” Headfake Marguerite Yourcenar salvaged one of the finest lines in all literature from the first version of her masterpiece Memoirs of Hadrian: “I begin to discern the profile of my death.” We are approaching that point with Ukriane, not just its military campaign, but also its economy. That […]
Fed, Central Banks Created the Current Crisis and Are on Course to Making Matters Worse
Fed, Central Banks Created the Current Crisis and Are on Course to Making Matters Worse The incompetence of our financial regulators, most of all the Fed, is breathtaking. The great unwashed public and even wrongly-positioned members of the capitalist classes are suffering the consequences of Fed and other central banks being too fast out of […]
Dire Climate Change Warning in Report for Pentagon: US Military Could Collapse in 20 Years; Lack of Water, Domestic Disasters, Disease, Mass Migrations as Threats to Operations
Dire Climate Change Warning in Report for Pentagon: US Military Could Collapse in 20 Years; Lack of Water, Domestic Disasters, Disease, Mass Migrations as Threats to Operations The Pentagon has long been concerned about the threats climate change pose to stability and how it will lead to conflicts due to mass migration and even more […]
How the Crisis Caused a Pension Train Wreck
How the Crisis Caused a Pension Train Wreck We’ve been writing for some time that one of the consequences of the protracted super-low interest rate regime of the post crisis era was to create a world of hurt for savers, particularly long-term savers like pension funds, life insurers and retirees. Even though the widespread underfunding […]
Visa Trying to Bribe Merchants to Stop Taking Cash
Visa Trying to Bribe Merchants to Stop Taking Cash The war on cash is escalating. A big driver isn’t central banks who want to be able to inflict negative interest rates on savers, or Treasuries who see cash transactions as hiding revenues from their tax collectors, but the payment networks that want to kill cash […]
Visa Trying to Bribe Merchants to Stop Taking Cash
Visa Trying to Bribe Merchants to Stop Taking Cash The war on cash is escalating. A big driver isn’t central banks who want to be able to inflict negative interest rates on savers, or Treasuries who see cash transactions as hiding revenues from their tax collectors, but the payment networks that want to kill cash […]
The Status Quo Plan – Convince the American Public to Accept Serfdom
The Status Quo Plan – Convince the American Public to Accept Serfdom Earlier today I came across a fantastic article published at Naked Capitalism by a writer known as Gaius Publius. Yves Smith introduces the piece with the following poignant passage: Let us not forget that the “things are going to get worse for you” story also conveniently […]
