Source – goldmoney.com “…Being economical with the statistical truth is a far wider practice encompassing input suppression, misleading deployment, and their use to support beliefs and preferred outcomes instead of backing up properly reasoned economic and monetary a priori theory.…the application of all these methods corrupt monetary statistics, including the three principal components of the…
Source – silverdoctors.com “…The most important part of the report is where they share the pre and post hyperinflation data of Weimar, Germany….history shows us that #hyperinflation has a strong possibility of looking like the one in Weimar, Germany, in 1923” Planned Inflation Will Turn Into Catastrophic Hyperinflation! Prepare For Unbearable Cost Of Living It’s…
Source – theguardian.com “…Akerlof and Shiller contend that the idea that free markets work perfectly, and the idea that big government is the cause of so many of our problems, are part of a story that is actually misleading people into adjusting their behaviour in order to fit the plot. They thus believe storytelling is…
Source – oftwominds.com “…Any system that has no way to measure, much less prioritize opportunity costs (i.e. what else could have been done the capital, labor and resources) and maximization of utility is not just flawed–it’s terribly misguided and destructive” About That +6.8% GDP Forecast: Remember That GDP = Waste – By Charles Hugh Smith…
Source – gefira.org “…After the storming of the Capitol, there is now a big commotion on Wall Street. This time it is not the supporters of the Occupy Wall Street movement who are trying to storm the fortress of the financial world. It is small investors who are hurling a stone at the big funds“…
Source – schiffgold.com “…Bond yields are inversely correlated with bond prices. As the price falls, interest rates rise. And there is really nothing to stop yields from climbing higher and higher. But if that happens, the entire economic house of cards will collapse. The economy is predicated on low interest rates…the Federal Reserve knows this…Simply…
Source – mises.org “…The thankless task of reconciling a disillusioned public that for a year had been living in a fool’s paradise. The depreciation of the currency had caused such serious disturbances as, later in the century, might have ripened into revolution. Butchers, bakers, grocers, and other tradespeople were unwilling to receive paper money at…
Source – usawatchdog.com “…When you bankrupt your country, your politics are inherently corrupted by that bankruptcy, and that’s what is happening to us…Rubino explains, “We created a financial system . . . that is run by an aristocracy. It’s not a Right/Left, liberal, socialist or conservative aristocracy” Rubino Warns Its ‘Aristocrats’ Vs ‘We, The People’…
Source – goldmoney.com “…Rising interest rates will be with us shortly, and they will burst the bond bubble with negative consequences for all financial assets and the currencies that have inflated them. In short, we are sitting on a monetary powder-keg, the danger of which is barely understood by policy makers and which could explode…
Source – zerohedge.com “….Here is the punchline: BofA reflects back on the post-WW1 Germany (whose armistice was on Nov 1918) as the “most epic, extreme analog of surging velocity and inflation following end of war psychology, pent-up savings, lost confidence in currency & authorities” and specifically the Reichsbank’s monetization of debt, similar of course to…
Source – charleshughsmith.blogspot.com “…Many of these causes are part of a single dynamic, the decapitalization of the middle class and the decay of the ladder of social mobility which enabled tens of millions of workers to transform their wages into productive capital via saving and investment in their own human capital, their own enterprises and assets that earn income”…
Source – paulcraigroberts.org “…Hudson, who has been on the job of analyzing America’s eroding economy for a long time, emphasizes that the US economy is no longer a productive or industrial economy but a financialized economy in which bank lending is not used for new plant and equipment but for the financing of takeovers of…
Source – sovereignman.com “…History shows that bad things tend to happen when politicians and bureaucrats try to engineer prosperity by debasing the currency. Yet these people continue to print and spend money like drunken sailors… which is frankly an insult to drunken sailors everywhere. Even drunken sailors eventually realize when they’ve run out of money”…
Source – charleshughsmith.blogspot.com “…In other words, what separates the working class from the middle class is the middle class is able to transform their labor into capital while the labor of the working class only funds consumption. The working class is defined not by credentials, type of labor or credentials but by limited access to the means to…
Source – aier.org “…The real test for MMT is not the fervor with which policymakers around the world have taken MMT-like actions in the midst of a stop-all pandemic economy, but in a “normal” economy. If we make lots of resources idle (4), which governments did when they engineered a recession last year, MMT collapses…
Source – sovereignman.com “…At a time when Medieval Europe was choking on the feudal system, Venice was one of the few places where even peasants could strike it rich. The Venetian government established limited partnerships, enshrined the rule of law, and eventually established the Venetian Gold ducat– As a result of such policies, tiny Venice…
Source – thesaker.is “…To those who say dismissively that the dollar is now backed by “nothing,” I say it is backed by oil and the threat of the US military. Look at the somber fates of those that tried to ditch the dollar for gold or the Euro: Libya in a state of permanent civil…
Source – corbettreport.com “…With the global technocrats taking the world through the “Going Direct” Reset into the abyss of the End of Currency and the ultimate transhuman slave state, things could not be more dire” The State of Our Currencies With Catherine Austin Fitts With the global technocrats taking the world through the “Going Direct”…
Source – taibbi.substack.com “…They’ve seen first that our markets are basically fake, set up to artificially accelerate the wealth divide…Secondly they see that the stock market, like the ballot box, remains one of the only places where sheer numbers still matter more than capital or connections. And they’re piling on, and it’s delicious, not so…
Source – consortiumnews.com “…Essentially, we became what’s called a rent-seeking economy, not a productive economy…America used to have industrial capitalism in the 19th century. That’s how it got richer originally but now it’s moved away from industrial capitalism towards finance capitalism. And what that means is that essentially the mixed economy that made America rich…in…
Source – oftwominds.com “…Self-enrichment by any means available is what hollows out and fatally weakens systems. The relentless pursuit of infinite greed (“investing” in stock buybacks, legalized looting, etc.) has destroyed the moral foundation of society and the economy: there is no civic virtue or public good left. These empty phrases cannot hide that America…
Source – internationalman.com “…This corporatist relationship has deep roots in the US, going back over one hundred years. To this day, those elite families who took control of oil, steel, banking, motor vehicles and other industries a century ago, soon created a takeover of higher learning (universities), health (Big Pharma) and “Defense” (the military-industrial complex).…
Source – riggedgame.blog “…As a result of that Faustian bargain in 2010, Americans are living now with the same casino banking model as existed in the leadup to the crash of 2008. Making matters worse, Wall Street is escaping blame for the current financial crisis (thus far anyway) as its sycophants in Congress are blaming…
Source – tomdispatch.com “…if in some sense this country looks like a warscape on a pandemic planet, a kind of ongoing hell on earth, then, in truth, there’s also a heaven. Yes, the numbers are truly terrible if you’re looking at the jobless, the homeless, the hungry. But, speaking of heaven, the numbers are spectacular…
Source – stephenlendman.org “…During two Obama/Biden regime terms, force-fed austerity was official policy, what’s likely to continue in some form ahead with no end of it in prospect by either right wing of the one-party state. Economist John Williams explained that US economic collapse keeps “hardening…” while Fed money creation expanded year-over-year by “a record…
Source – anonhq.com – “…There are many contributing factors that have led to our current economic system and continued acceptance of the 40-hour workweek, three major factors being consumerism, inflation, and debt“: (The True Reason Behind The 40-Hour Work Week & Why We Are Economic Slaves) Economic slavery, or wage slavery, refers to one’s total…
Source – gizadeathstar.com – “…the US Rothschild Controlled Media has apparently completely blacked out any news involving Iceland’s debt forgiveness. Attempting to search Iceland’s mortgage debt forgiveness only leads to about 359,000 search results with none of them being from the United States. Neither major or minor news outlets mention a single word about Iceland’s…
Source – ronpaulinstitute.org “…The ‘crack-up’ occurs when enough people realize that continuous expanding of the money supply, and the accompanying decline in a currency’s purchasing power, is a feature of central banking. Therefore, they spend their money as soon as they get it, accelerating the rise of hyperinflation” Ron Paul: The Great Crackup Is Coming…
Source – journal-neo.org “…The same people who created the post-1945 model of IMF-led globalization and giga-corporate entities more powerful than governments, destroying traditional agriculture in favor of toxic agribusiness, dismantling living standards in industrialized countries to flee to cheap labor countries like Mexico or China, will now lead the effort to correct all their abuses?…
Source – thesaker.is “…Michael Hudson explains the thinking of the Pentagon and paying ‘protection money’ historically to fund oligarchies. It is a ‘war between systems’, Hudson explains with the thinking being: “If only China did not export to us, we could reindustrialize.”…“It’s over”: says Hudson, because “we’ve painted ourselves into such a debt corner. So…
