August 13, 2016 | Author Pater Tenebrarum Insanity Rules Bond markets are certainly displaying a lot of enthusiasm at the moment – and it doesn’t matter which bonds one looks at, as the famous “hunt […]
by Tyler Durden Defined Benefit Pension Plans are, in many cases, a ponzi scheme. Current assets are used to pay current claims in full in spite of insufficient funding to pay future liabilities… classic Ponzi. […]
CHARLES HUGH SMITH It was fun playing Masters of the Universe when expectations were low. Ah, the good old days, when a simple, completely empty promise to do whatever it takes could move the world. It was fun […]
BY BYRON KING On Oct. 14, 1947, American test pilot Chuck Yeager took flight above Muroc Dry Lake, in California’s Mojave Desert. He broke the sound barrier in a small, streamlined aircraft called X-1. However, […]
Michael Krieger I cannot overstate the significance of today’s New York Times editorial board endorsement of the elitist scheme to ban large denomination cash from public circulation. This is the latest example of the editorial board […]
by David Stockman The bear will soon be arriving in earnest, marauding through the canyons of Wall Street while red in tooth and claw. Our monetary central planners, of course, will once again—for the third time this century——be utterly shocked and unprepared. That’s because […]
Posted on 15th February 2016 by Administrator in Economy It is now self-evident to any sentient being (excludes CNBC shills, Wall Street shyster economists, and Keynesian loving politicians) the mountainous level of unpayable global debt […]
by John Rubino There’s always a war going on somewhere — frequently, alas, with the US either instigating or providing the weapons. But lately the tension has risen to Cold War levels, with lots of […]
The Bank of England Under the cover of Europe’s refugee crisis that has the likes of Hungary forgetting its own past of sending hundreds of thousands of refugees westwards, or the more recent 1 million […]
By Doug Wakefield of best minds inc. The World Is Defenseless Against The Next Financial Crisis, Warns BIS, The Telegraph, June 28 ‘15 “Interest rates have never been so low for so long. They are low […]
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