By Greg Hunter’s USAWatchdog.com Financial writer and precious metals expert Craig Hemke says nobody should be comfortable with unpayable global debt that has piled up since the 2008 financial meltdown. A debt reset is locked in, […]
by Raúl Ilargi Meijer Jean-Léon Gérôme Slave market 1866 Here’s the story in a nutshell: Ultra low interest rates mark a shift away from people’s wealth residing in their savings and pension plans, and into to so-called wealth […]
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 This chart of median household income illustrates why so many of us feel poorer–we are poorer in terms of the purchasing power of our income. “A rising tide raises all boats, from rowboats […]
by David Stockman There is an economic and financial trainwreck rumbling through the world economy. Namely, the Great China Ponzi. In all of economic history there has never been anything like it. It is only a matter of […]
by Raúl Ilargi Meijer DPC Heart of Chinatown, San Francisco, after earthquake and fire 1906 Nicole Foss: Our consistent theme here at the Automatic Earth since its inception has been that we are facing a […]
by Chris Martenson The current bubbles in financial assets — in equities and bonds of all grades and quality — raging in every major market across the globe are no accident. They are a deliberate […]
By John Rubino In a very real sense, it is fractional reserve banking and not money itself that is the root of so many of today’s evils. Whenever fractional reserves are permitted, the banking system – […]
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