Germany suffered two currency collapses in the last century, in 1920-23 and 1945-48. The architect of the recovery from the former, Hjalmar Schacht, chose to cooperate with the Nazi successors to the Weimar Republic, and […]
By Greg Hunter’s USAWatchdog.com Money manager Peter Schiff says all the money printing and debt explosion since the Great Recession comes with a huge downside. Schiff says, “All sorts of bad policies basically took place thanks […]
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 […]
It’s another of those days. The S&P 500 closed the week at an all time high, and although you would think everyone would be feeling good about it, the rally has brought about more angst […]
CHARLES HUGH SMITH TINA’s legacy is revealed in this chart of the Venezuelan Bolivar, which has plummeted from 10 to the US dollar to 5,800 to the USD in a few years of rampant money-emission. […]
Never underestimate the resourcefulness of a great plumber. Had it not been for the genius of Thomas Crapper, champion inventor of the water-waste-preventing cistern syphon, Victorians would have been left to make their trek to […]
Understanding the how & when of the next economic crash by Chris Martenson This report marks the end of a series of three big trains of thought. The first explained how we’re living through the […]
BY BRIAN MAHER If necessity is the mother of invention, the crisis of 2008 mothered an invention for the ages. QE, ZIRP, NIRP and half the alphabet were drafted into the Manhattan Project of monetary […]
by Tyler Durden Just over a month ago, Deutsche Bank’s chief economist David Folkerts-Landau, unleashed an epic rant against the ECB, warning of social unrest and another great depression unless the ECB changes its […]
By Tyler Durden Over the years, we have repeatedly poked fun at the transformation of Venezuela into a “socialist utopia” – an economy in a state of terminal collapse, where the destruction of the currency […]
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