Freedom
SAYONARA GLOBAL ECONOMY
The Burning Platform “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a […]
Derivatives
Financial
Citi: No Longer the Dumbest Bank — Now the Most Evil
by John Rubino Back in December there was a flurry of press around the passage of a banking bill that was 1) reportedly written by Citigroup and 2) put taxpayers on the hook for over-the-counter derivatives, […]
Financial
Well Played, Wall Street!
by John Rubino So the markets are getting skittish and the media is obsessing about the many things that could go wrong out there. It’s like 2007 all over again, but with one big difference: Back […]
Financial
World in a Box
by John Rubino Of all the problems with fiat currency, the most basic is that it empowers the dark side of human nature. We’re potentially good but infinitely corruptible, and giving an unlimited monetary printing press […]
Commentary
Could Collapse At Anytime: “When It Ends, All Hell Is Going To Break Loose”
By Michael Snyder, on November 2nd, 2014 The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans. After all, the economy has been relatively […]
Financial
Financial Times: Wall Street Plays Dangerous Derivatives Games — Again
By John Morgan The same kinds of complex, confusing derivatives that almost brought down the global financial system in 2008 are back in spades, according to the Financial Times. As one trader put it: “We’ve reformed […]
Wealth Abuse
Not Worth a Continental
by Jeff Thomas In late-18th-century America, something of minimal value was often described as being “not worth a continental,” which referred to the continental dollar, the American currency at the time of the revolution. The continental […]