May 7, 2020 by Michael Snyder Now we are up to 33.5 million jobs lost. In just 7 weeks, the U.S. economy has been completely turned upside down, and the numbers are unlike anything that we have […]
Paul Craig Roberts What do we make of it all? I just read an article in the New York Times that reports that President Trump lied and hid from the public the severity of the Covid-19 […]
April 29, 2020 by Michael Snyder We just witnessed the largest quarterly GDP decline since the last financial crisis, and experts are warning that the figure for the second quarter will be far, far worse. In fact, […]
By Alasdair Macleod This article asserts that infinite money-printing is set to destroy fiat currencies far quicker than might be generally thought. This final act of monetary destruction follows a 98% loss of purchasing power for […]
April 16, 2020 by Michael Snyder We have never seen an “employment apocalypse” in the United States like we are witnessing right now, and it is not going to end any time soon. Over the past several […]
by Pepe Escobar – posted with permission Covid-19 driven collapse of global supply chains, demand and mobility will painfully spawn next great tech-led economic models Is the world on a collision course with the financial […]
The Fed announced today that it will buy junk bonds. This exceeds its legal authority. Supposedly, it’s temporary. Under guise of virus support, the Fed Will Buy Junk Bonds, Lend to States to the tune of […]
Author: Tom Luongo As much as I hate to invoke The Ayn Rand lest I give off the impression I’m some kind of Objectivist, which I am most certainly not, the engine of the world is […]
By Greg Hunter’s USAWatchdog.com Money manager Michael Pento has long warned the global financial system was “not sustainable or viable” because of record debt creation. Pento has also long said, “This was the biggest debt bubble […]
Submitted by cpowell on Sun, 2020-03-29 22:49. Section: Daily Dispatches Coronavirus Sparks a Global Gold Rush By Liz Hoffman, Amrith Ramkumar, and Joe Wallace The Wall Street Journal Friday, March 27, 2020 It’s an honest-to-God doomsday scenario […]
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