Wealth Abuse

Federal Reserve: Everything is fine. Just like in 2008

July 9, 2020 1

Simon Black It’s nothing but rosy news coming from the Federal Reserve. Recently the Fed released this reassuring statement: “The banking system remains well-capitalized under even the harshest of these downside scenarios. . .” In […]

Wealth Abuse

Payments Panic and the Ending of Fiat Currencies

March 20, 2020 0

 By Alasdair Macleod The unilateral response from governments to the coronavirus is to helicopter money to people and their businesses in unlimited quantities. Their priority is to keep the debt-driven Keynesian show on the road, and […]

Financial

The Covid-19 Dominoes Fall: The World Is Insolvent

March 16, 2020 0

Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero. To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, […]

Wealth Abuse

New Gold Standard? Chaos?

January 23, 2020 0

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 […]

Financial

Financial Storm Clouds Gather

September 25, 2019 0

The price of this “solution”–the undermining of the financial system–will eventually be paid in full. The financial storm clouds are gathering, and no, I’m not talking about impeachment or the Fed and repo troubles–I’m talking […]

Financial

Blind Faith vs. the Bottom Line

April 12, 2019 0

Charles Hugh Smith There is more than a little “let them eat brioche” in the blind faith that the masses’ patience for pillage is infinite. We’ve reached an interesting moment in history where we each have a […]

Government

How States/Empires Collapse in Four Easy Steps

March 14, 2019 0

CHARLES HUGH SMITH The promises cannot be met, and so society decays into warring elites and competing constituencies. There is a grand, majestic tragedy in the inevitable collapse of once-thriving states and empires: it all seemed […]

Financial

Screwed

January 30, 2019 0

BY SVEN HENRICH James Madison: “We are free today substantially but the day will come when our Republic will be an impossibility. It will be an impossibility because wealth will be concentrated in the hands of a […]

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