Photograph by Nathaniel St. Clair When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, “No more bailouts!” But what the Act actually said was that the next time the banks failed, […]
by Michael Snyder Can anyone explain how we are going to motivate unemployed workers to go back to work when most of them can actually make more money camped on their sofas watching Netflix? Over the […]
Monopolies, quasi-monopolies and cartels are inherently exploitive and thus evil. What was “normal” for the past two decades was to turn a blind eye to the moral and financial bankruptcy of the American culture, the rot […]
By Greg Hunter’s USAWatchdog.com (Early Sunday Release) Legendary gold and market expert Jim Sinclair says the virus that originated in China may have, oddly enough, done some good. Sinclair explains, “The effect of the coronavirus was literally […]
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 […]
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