Source – internationalman.com “…It’s been a Silent Depression—so far. But it’s real, and it’s growing. As I’ve said for years, it will eventually be known as The Greater Depression. It will be much worse, longer lasting, and much different from the unpleasantness of 1929 to 1946′ Silent Depression and Current Economic Realities By Doug Casey International…
Source – charleshughsmith.blogspot.com “…If you want to find some place the entitled wealthy are unlikely to ruin because they won’t move there…a place the wealthy will turn up their noses to, a town with the few things you care about but not enough to spark the interest of the entitled wealthy. A town with minimal…
Source – robertreich.org “…There’s no such thing as unskilled workers. Only underpaid workers. Their productivity — that is the value of what they produce — has been growing for decades. The problem is that their wages haven’t kept pace with their productivity…The “paid what you’re worth” myth has proven to be a cruelly effective way to put…
Source – sovereignman.com “…Logarithmic decay is like how Hemingway famously described going bankrupt in The Sun Also Rises– “Gradually, then suddenly”…In fact logarithmic decay is great way to describe social and financial decline. Even the rise and fall of superpowers are often logarithmic in scale. The Kingdom of France in the 1700s infamously fell gradually……
Source – economicprism.com “…At the end of 2022, the FDIC reported its Deposit Insurance Fund had a balance of $128 billion. This comes to a reserve ratio of 1.27 percent of the total insured deposits…In a real panic, FDIC reserves would be vaporized in less than a day…To this end, we have a hunch that over the…
Source – economicprism.com “…Last week IMF Director Georgieva was at it again. Speaking with uncommon candor. This time at an event hosted by an outfit called the Meridian International Center. Georgieva provided the following insight – “There is simply no way that interest rates would go up so much after being low for so long and…
Source – davidstockmanscontracorner.com “…We don’t buy the mainstream narrative about most everything. We think the US economy is weak and debt-ridden, not awesome and that the Fed is destructive, not beneficent…So Buckle-Up Real Tight!, Unprecedented Political and Financial Shocks, Spills and Booby-Traps Lie Dead Ahead” SM:…”There’s a tear in my beer….” Dear Reader, The ballgame…
Source – oftwominds.com “…Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing. It’s really that simple….This is the story of the Great Depression, a story that’s unloved because it calls into question the current series of credit-inflated bubbles and resulting financial crises. So…
Source – paulcraigroberts.org “…The repeal of the Glass-Steagall Act in the closing days of the 20th century launched the US into the 21st century on a path of financial instability. Nothing has been done to correct this, and nothing has been done to correct the offshoring mistake or the failure to control the supply of government…
Source – quoththeraven.substack.com “…This time, the crisis truly is different because of the geopolitical setup. As I have written about extensively over the last year, the global economy is dividing into two. On one hand, you have the West and our printing-press-based Central Banking policies. On the other hand, you have a growing constituency born out of…
Source – unz.com “…The crashes of Silvergate, Silicon Valley Bank, Signature Bank and its related bank insolvencies are much more serious than the 2008-09 crash…In a nutshell, solving the illiquidity crisis of 2009 in a way that saved the banks from losing money (at the cost of burdening the economy with enormous debts), paved away…
Source – wallstreetonparade.com “…Late Monday, the credit rating agency, Moody’s, downgraded the entire U.S. banking system outlook to negative from stable. (Let that sink in for a moment – a downgrade of the entire U.S. banking system.)…we have been attempting to warn that the U.S. banking system was incompetently structured and at risk of systemic contagion. We…
Source – michael-hudson.com “…In serving the banks and the financial ownership class, the Fed painted itself into a corner: What would happen if and when interest rates finally rose?…Rising interest rates cause the prices of bonds already issued to fall – along with real estate and stock prices. That is what has been happening under…
Source – scheerpost.com “…The global casino that is so highly interconnected that it is a “house of cards.” Pull out one card and the whole house collapses. SVB held $27.7 billion in derivatives, no small sum, but it is only .005% of the $55,387 billion ($55.387 trillion) held by JPMorgan, the largest U.S. derivatives bank… SVB could…
Source – economicprism.com “…There’s no easy way out of this one. Mass liquidation is coming. Still, when the dust settles consumer prices will remain higher than they were at the start of 2020…There’s no going back to the prices of January 2020 for the same reason there will never, ever be penny candy again. The…
Source – zerohedge.com “…The KBW regional bank index crashed (down 9 of the last 10 days and 20% in that period). The 18% drop this week was the index’s worst drop since Lehman (Sept 2008)…The Dow has been underwater on the year for over a week and is now down 4% in 2023. Today’s ugliness smashed the…
Source – zerohedge.com “…Recall Dollar General, Dollar Tree, and Family Dollar stores are invading low-income communities nationwide. At the start of 2022, all three discount retailers operated 34,000 US stores, more than Mcdonald’s, Starbucks, Target, and Walmart combined” Communities Block, Ban Dollar Stores Amid Nationwide Invasion (Above Image Added By SM) Recall Dollar General, Dollar Tree, and…
Source – internationalman.com “…Perverse as it is, the policies offered to people suffering from inflation create even more inflation. In other words, inflation has a way of perpetuating itself, much like a heroin addiction…For many decades, Argentina has infamously been trapped in a perpetual cycle of hyperinflation and socialism from which it cannot escape. And…
Source – dailyreckoning.com “…Get ready for screaming headlines beginning in about two months. Why? Because the U.S. will be coming up on a double deadline of debt and deficit inflection points…Those who focus on the U.S. national debt (and I’m one of them) keep wondering how long this debt levitation act can go on…We’re accumulating…
Source – robertreich.org “…Work a full-time minimum wage job? You won’t be able to afford rent on a one-bedroom apartment just about anywhere in the U.S. And when you get back after a long day of work, you’ll likely be met with bills up the wazoo for doctor visits, student loans, and utilities. So what’s…
Source – charleshughsmith.blogspot.com “…Neofeudal societies and economies lack a vibrant middle class. This is the defining feature of feudalism and its updated V2.0, neofeudalism: a nobility (based on birth or finance, it doesn’t matter) controls the vast majority of wealth, political power and productive capital, all served by a powerless peasantry” The Core of the Economy–The Middle…
Source – oftwominds.com “…Broadly speaking, virtually anyone who rigorously adopted thrift, prudence, negotiation, and hard work in the fifty years from 1946 to 1995 could (once they married and gained a two-income household) eventually afford a family and a stake in the system–a house and/or small business, a pension, etc. Once financialization and globalization rose…
Source – stuartbramhall.wordpress.com “..The FDIC’s Systemic Resolution Advisory Committee (SRAC) held a meeting in November to discuss how the next market crash would occur and what steps would need to be taken to ensure not everybody tries pulling their money out of the financial system at the same time…although institutions will soon be able to…
Source – internationalman.com “…When the next crisis comes—and I think it could be imminent—the US government will have no choice but to implement its financial Samson Option. In other words, as the US government goes bankrupt, they will drag everyone down with them as they make a desperate wealth grab. There will be enormous implications…
Source – stuartbramhall.wordpress.com “…The game copies real life…To achieve the goal of Realism we have included an Economic Draft card….It says, “You are impoverished and desperate so you join the military of a NATO country. The Banker has declared war in your behalf against country X. Country X is full of Evil People who do…
Source – preppgroup.home.blog/ “…We live in a culture that tells us to expect the government to take care of us, and to protest whenever anything doesn’t go our way. Ironically, self-sufficiency is abhorrent to our narcissistic culture…If society collapses, you can bet that the foods the pioneers ate will become dietary staples . The Lost…
Source – internationalman.com ‘…For many years, I’ve been predicting the coming of a crisis of epic proportions…This is not the stuff of crystal balls, nor is it mere guesswork. The fundamentals for economic crisis have remained essentially the same for thousands of years, and if we’re diligent enough to study history and analyse the present,…
Source – youtube.com “….This time has finally come. Robert Kiyosaki elaborates on the spooky times we’re currently experiencing. “Now, the U.S. goes down – the world goes down…” He says that the average person will get wiped out and shares his simple way of protecting life savings in this crisis” Robert Kiyosaki Predicts MAYHEM Next…
Source – economicprism.com “…Raging consumer price inflation is the effect of too much money chasing too few goods. Central planners, both at the Fed and in Washington, are responsible for the mass money printing and the decline in economic productivity that have resulted in today’s sky-high costs. To bring prices back to earth, an ultra-mega…
Source – mises.org “…The world has seen all this before, and not just in less developed nations like Zimbabwe. The US will find itself in the same trap as experienced by Germany’s Weimar Republic following World War I. The Reichsbank, Germany’s central bank, printed papiermarks to placate powerful constituencies within Germany. As the Reichsbank printed…
Source – theepochtimes.com ‘…With the pandemic-driven savings now spent, 60 percent of Americans say they are living paycheck-to-paycheck. While consumers can supplement their disposable incomes with debt to offset rising inflationary pressures, this is not a long-term solution…The reality is that middle-class America continues to shrink as the rich-get-richer and poor-get-poorer. The rich can invest, save, and use…
Source – zerohedge.com “…Today, too much wealth is being created without any social benefit, and oftentimes social impairment. In past centuries, politicians who acted against the interests of the people were often beheaded. There were severe repercussions. But today, there are no repercussions for poor governance. Good or bad, politicians know there’s a cushy board…
Source – preppgroup.home.blog “…The collapse in prices during the Great Depression particularly hurt farmers who relied on commodity prices. Newsreels from the early 1930s show farmers dumping grain on the ground and pouring out milk because they could not sell them” The Day All the ATMs Ran Out of Cash By Milan Adams Money plays…
