By Cristina Laila Credit Suisse shares tumbled by as much as 30% to a new record low on Wednesday after Saudis pulled funding. Trading in the Swiss banking giant’s stock was halted several times on Wednesday. […]
by Michael Welcome to the great banking collapse of 2023. Please try to enjoy the ride. When FTX crumbled, I explained to my readers that it was not the first domino to fall and that it […]
BY TYLER DURDEN TUESDAY, MAR 14, 2023 – 07:20 AM Over the weekend, amid populist howls of outrage that a bailout of SVB would promote moral hazard (in the end depositors did get bailed out […]
Guest Post by Mark Crispin Miller Once the economy has melted down, CBDC’s will be proffered as the ONLY way we can get “back to normal”—a “cure” that will turn out to be as catastrophic, in […]
Jeff Deist “Governments create money all the time. We do that for war.” “This whole notion that you run government like you run a household…is a complete myth” Economist Prof Mariana Mazzucato tells #Newsnight Government’s […]
by Pepe Escobar, first posted at the Cradle, posted with the author’s permission News of Russian banks connecting to Iran’s financial messaging system strengthens the resistance against US-imposed sanctions on both countries and accelerates global de-dollarization. […]
Let’s start with three interconnected multipolar-driven facts. First: One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi […]
January 25, 2023 by Michael I don’t have to tell you that your money doesn’t go as far as it once did. You see it every time that you go shopping. Our leaders flooded the system with […]
January 22, 2023 by Michael You can call everyone for dinner, because our goose is cooked. We are so deep in debt that the only way we can keep the entire system from collapsing is to keep […]
January 12, 2023 by Michael Inflation is going down! Let’s all celebrate! We all knew that when the Federal Reserve began aggressively hiking interest rates it would have an impact on inflation. Higher rates have caused a new […]
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