by Raúl Ilargi Meijer Recep Tayyip Erdogan became Prime Minister of Turkey in 2003. His AKP party had won a major election victory in 2002, but Erdogan was banned from political office until his predecessor Gül […]
Lord Jacob Rothschild has issued a warning this week noting that the current economic and political climate is threatening the “post-war economic and security order.” (ZH) — Over the past three years, an unexpected voice of […]
The only way to pay all these future obligations is by creating new money. I’ve been focusing on inflation, which is more properly understood as the loss of purchasing power of a currency, which when taken to […]
Raúl Ilargi Meijer There’s not a shade of a doubt that I’m not an expert on tariffs, trade barriers and subsidies, and I’d be the last to suggest any such thing. But I can read. […]
Tyler Durden, The brief rebound in the Yuan is over as a barrage of headlines from China and US spark renewed concerns at Beijing’s ability to withstand Washington’s war. Just when you thought the trend had […]
by Tyler Durden Authored by Tom Luongo, Lost in all of the geopolitical noise are some basic concepts of economics. It’s no secret that China’s economy has been built by their openly mercantilist economic policies. Mercantilism is, […]
I know it hurts, but the reality is painfully obvious: the USA is now a 3rd World nation. Dividing the Earth’s nations into 1st, 2nd and 3rd world has fallen out of favor;apparently it offended sensibilities. It […]
by Tyler Durden Whether or not the PBOC finally decided to show the US it means business with the “weaponized” Yuan, but moments after today’s PBOC yuan fixing, which dropped against the dollar by a whopping […]
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, […]
May 31, 2018 CARMEN M. REINHART Severe political uncertainty, chronic slow growth, and a sovereign-debt level currently hovering around 160% of GDP already is enough for Italy to trigger a debt crisis. And there is no […]
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