Wealth Abuse
A Shaky Foundation
Michael Krieger And so castles made of sand fall in the sea, eventually. – Jimi Hendrix There’s a widespread belief out there that the U.S. and the global economy in general is on much sounder […]
Wealth Abuse
Wealth Abuse
New Gold Standard? Chaos?
Don’t expect the US to expect it… OVER the past century, monetary systems change about every 30 to 40 years on average, says Jim Rickards, writing in The Daily Reckoning. Before 1914, the global monetary system was based […]
Wealth Abuse
A New Definition of Warfare
Sanctions can be more deadly than bullets By Philip Giraldi The Unz Review January 22, 2020 Supporters of Donald Trump often make the point that he has not started any new wars. One might observe that […]
Wealth Abuse
The World Looks to Abandon the Dollar as US Sanctions Tighten Their Grip
Ryan McMaken When the US places financial sanctions on one country, it de facto sanctions many other countries as well — including many of its allies. This is because not all countries and firms are interested in […]
Wealth Abuse
The Zombification Of America – Over 40% Of Listed Companies Don’t Make Money
by Tyler Durden It’s absolutely stunning how the Fed/ECB/BoJ injected upwards of $1.1 trillion into global markets in the last quarter and cut rates 80 times in the past 12 months, which allowed money-losing companies to survive another day. […]
Wealth Abuse
Central Banker Comes Clean
BY BRIAN MAHER Reuters broadcasts the confession: I do think the growth in the balance sheet is having some impact on the financial markets and on the valuation of risk assets… Here we have the unassailable […]
Wealth Abuse
The Fed Can’t Reverse the Decline of Financialization and Globalization
CHARLES HUGH SMITH The global economy and financial system are both running on the last toxic fumes of financialization and globalization. For two generations, globalization and financialization have been the two engines of global growth […]
Financial
Desperation
BY SVEN HENRICH ON JANUARY 8, 2020 Spoos 50 handles down in overnight, 12 hours later new all time highs. If you called that last night step forward and show me. Nobody of course called this. But these […]
Financial
The Year 2019 Has Been A Year Of Bubbles
The stock market reached new all-time highs. This has occurred because the Federal Reserve’s ‘quantitative easing’ never really ended. Instead of consulting Congress like they did in 2008, the Fed simply creates currency out of […]
Wealth Abuse
“Massive… Huge… Largest Ever”: Fed Will Flood Market With Gargantuan $500 Billion In Liquidity To Avoid Year-End Repo Crisis
by Tyler Durden In previewing today’s Fed statement regarding repurchase operations, on Tuesday Curvature Securities repo expert Scott Skyrm said that he expects the Fed to announce a $50 billion (at least) term operation for Monday December 23 […]