DAS KAPITAL: Every DOGE Has Its Day

Source – doomberg.substack.com “…For those of us in the gold/hard money/real asset/Austrian school of economics, the ultimate doom porn is Adam Fergusson’s seminal book on the hyperinflation experienced in Germany after World War I, When Money Dies. Unlike most of you, I’ve only read it three times” Every DOGE Has Its Day “Speculation on the stock exchange…

DAS KAPITAL: ‘Hollow Men’, Jonathan Taplin – Capitalism Killed the Rock-and-Roll Star

Source – scheerpost.com “…Musicians are more thinking about selling their champagne company to Louis Vuitton than they are thinking about getting people to vote. So maybe now the sports stars are more the cultural heroes than the rock stars” Jonathan Taplin: Capitalism Killed the Rock-and-Roll Star The music industry veteran joins Robert Scheer to discuss…

VOODOO ECONOMICS: ‘Make No Mistake’, Programmable Digital Currencies Are Weaponizable Money

Source – aier.org “…Although the concept of a currency which is artificially inflatable/deflatable on demand seems novel, it has its roots (as do so many concepts) in the theorizing of a long-dead economist. A German entrepreneur by the name of Silvio Gesell witnessed Argentina’s 1890 financial crash firsthand. The ensuing unemployment, poverty, and economic stagnation convinced him…

CASINO CAPITALISM: The Only Way To Get Ahead Now Is Crazy-Risky Speculation

Source – charleshughsmith.blogspot.com “…So the last best hope for the non-elite workforce without the privileges of a wealthy well-connected family is to play the riskiest tables in the Federal Reserve’s casino, maxing out margin (borrowing money against one’s stock portfolio) and buying options, which expire worthless if the bet goes south” The Only Way To…

DAS KAPITAL: The Interesting Case Of ‘The Zaïre’, The Question MMT Cannot Answer – By Eric Nies

Source – disinthrallment.com “…The Zairian economy had managed to stay afloat during decades of kleptomania, nepotism, and military spending by Mobuto and his cronies due to Western Aid and high prices for the various minerals mined in the Eastern Congo basin. Beginning around 1990, the combination of the collapse of the Soviet Bloc, falling copper…

DAS KAPITAL: US Inflation Isn’t Coming…It’s Already Here – By David P. Goldman

Source – asiatimes.com “…The explosion of US home prices—now increasing at a bubbly 12% a year—portends even higher inflation for 2022. US fiscal and monetary policy pushed $5 trillion of fiscal stimulus into an economy hobbled by supply constraints, creating the economic equivalent of shaking a bottle of warm Pepsi while placing one’s thumb over…

VOODOO ECONOMICS: US Financial Markets Have Become A Giant Mirage Built On A Foundation Of Fraud

Source – zerohedge.com “…You only make money in the markets if you get out in time, and time is quickly running out for those that have put their faith in this financial bubble…The financial bubble that we are experiencing right now will go away, but the problems on our streets are not going away. In…

AMERIKA: What’s Taboo? Everything Except Greed

Source – oftwominds.com “…Has everyone forgotten what Thomas Merton said, ‘The beginning of love is to let those we love be perfectly themselves’?”. “Merton was a Christian, right? Don’t bring up Christianity, that’ll get you crucified. If you want to talk about religion, talk about Zoroastrianism, but only to people who don’t know anything about…

DAS KAPITAL: US Intelligence Issues Ominous Warning Over ‘Sustained Economic Downturn’

Source – zerohedge.com “…The economic fallout from the pandemic is likely to create or worsen instability in at least a few—and perhaps many—countries, as people grow more desperate in the face of interlocking pressures that include sustained economic downturns, job losses, and disrupted supply chains,” the report warns. What’s more, food shortages and ‘uneven access’…

DAS KAPITAL: Getting Hyperinflation Right – By Dimitry Orlov

Source – cluborlov.blogspot.com “…Prices are going up everywhere even as the underlying economy remains in coronavirus-inspired doldrums, specifically because consumption has been repressed, with the coronavirus as an excuse, to delay the onset of hyperinflation. And then the Chairman of the Federal Reserve steps in and calms the troubled waters by publicly claiming that “There…

CASINO CAPITALISM: ‘Shades of 2008’, Derivative Bets Blow Up Archegos Hedge Fund; Inflict Billions in Losses on Global Banks

Source – wallstreetonparade.com “…The Archegos meltdown has done one more thing. It has reminded the readers of Wall Street On Parade that our decade of hand-wringing over the dangerous brew of allowing federally-insured, deposit-taking banks to own tens of trillions of dollars in opaque, over-the-counter derivatives remains the biggest threat to the financial stability of…

2020 VISION: What’s Changed & What Hasn’t in a Tumultuous Year – By Charles Hugh Smith

Source – oftwominds.com “…Work from home is here to stay. The benefits are too personal and powerful. Corporations demanding a return to long commutes and central offices will find their most productive employees are giving them “take this job and shove it” notices as they find positions with companies that understand that you can’t turn…

REALPOLITIK: ‘The Russian Economy’, ‘Small’, ‘Impotent’, ‘Insignificant’ – True or False?

Source – thesaker.is “…Did Russia change overnight in 2015-2016? Was there panic on the streets, disorder and chaos, complete depredation and disintegration of society?…no such thing occurred in Russia, in fact it was barely noticed. Why? Because, the “Nominal GDP” is a fake, currency manipulated, symbolic number that has no actual basis in reality as…

VOODOO ECONOMICS: ‘The Ghost of Gann’, Another Crash is Coming

Source – renegadeinc.com “… The ghost of Gann: Another crash is coming The original wizard of Wall Street, W.D Gann was a finance trader and wealthy speculator that spent decades investigating cyclical trends in equity market patterns and found that prices could be predicted long in advance. He successfully predicted the crashes in the 1929…

VOODOO ECONOMICS: A Masterclass in How to Create a $100bn Portfolio — Without Actually Owning Any Stock

Source – zerohedge.com “…Archegos…would never be the actual owner of record of the underlying stock. Instead, the stock that Archegos was long would be “owned” by its prime broke…As such Archegos also never had any disclosure requirements, allowing it to transact completely in the dark while being fully compliant with SEC disclosure requirements – since…

REBEL YELL: He Died For Our Debts, Not Our Sins

Source – renegadeinc.com “…Rather than sex and sin, both Christianity and Judaism is preoccupied with debt. As it turns out, Jesus was a socialist activist who paid the ultimate price fighting for the reinstatement of regular debt jubilees. In fact, the rulers of classical antiquity who cancelled their subjects’ debts were overthrown with disturbing frequency…

VOODOO ECONOMICS: Will a China Real Estate Collapse Trigger the Global Meltdown? – By F.William Engdahl

Source – journal-neo.org “…America’s conspicuous consumption during the ‘Roaring Twenties’ was based on an illusion of rising household wealth for the majority of its citizens. This debt-driven consumption created the nation’s illusory wealth — the Achilles Heel of the economy….Behind the façade of American prosperity of the 1920s was an edifice built on debt and…

VOODOO ECONOMICS: The Great Reset is Here, Follow the Money – By F.William Engdahl

Source – journal-neo.org “…BlackRock (more than $7 trillion under management), also Vanguard Funds, Fidelity Investments, Goldman Sachs, State Street Global, Carlyle Group, Rockefeller Capital Management, and numerous major banks such as Bank of America and UBS. Many of these are responsible for the 2008 global financial collapse….What is this framework group doing?…The immediate target of…

DAS KAPITAL: What Interest Rate Triggers The Next Crisis?

Source – realinvestmentadvice.com “…The proxy interest expense model is far from perfect, but it provides evidence the threshold of pain to withstand higher rates is small….I Like every other time rates rose “too much,” a crisis will occur if rates keep increasing. It seems the only question is when the Fed will come running to…

BANKING CARTEL: ‘Digital Dollars’, Alchemy Today – By Devan Maistry

Source – drowningwitches.com “…Most people believe that banks lend out money deposited with them and lying idle. In reality when banks advance a loan, they simply create the money by crediting the borrower’s account electronically. Martin Wolf, chief economics editor of the Financial Times wrote last year: “The essence of the contemporary monetary system is…

DAS KAPITAL: Gold Is The Money Of The Kings & Silver Is The Money Of The Bourgeoisie….Fiat Is The Money Of The Slaves

Source – claudiograss.ch “… Gold Is The Money Of The Kings And Silver Is The Money Of The Bourgeoisie. Fiat Is The Money Of The Slaves Fiat money is what we use today. It’s essentially money created out of thin air, on a spreadsheet, by banks and governments via monetary policy, and it… By Claudio…

CASINO CAPITALISM: ‘Fly Me to the Moon’, Betting The Farm On Moonshots – By MN Gordon

Source – https://economicprism.com “…The current spirit of the moment is not to just double your money.  A mere double is weak.  Today’s speculators expect much bigger returns.  They’re after moonshots.  They’re after overnight 10x and even 100x returns. People have watched their friends and neighbors quickly 10x their money in cryptos and technology stock moonshots…

DAS KAPITAL: Money & Statistical Delusions – By Alasdair Macleod

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…

VOODOO ECONOMICS: ‘Catastrophic Hyperinflation’, Prepare For Unbearable Cost Of Living

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…

VOODOO ECONOMICS: The Keynesian Cargo Cult of Waste

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…

VOODOO ECONOMICS: Peter Schiff – The Reality That Nobody Wants To Acknowledge

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…

AMERIKA: Rubino Warns Its ‘Aristocrats’ Vs ‘We, The People’

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’…

DAS KAPITAL: Crazy Days For Money – By Alasdair Macleod

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…

DAS KAPITAL: ‘Velocity of Money’, Bank of America Hints That Weimar 2.0 Could Be Coming

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…

CONTROLLED DEMOLITION: What Collapsed The Middle Class? – By Charles Hugh Smith

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”…

DAS KAPITAL: Does the US Still Have an Economy? – By Paul Craig Roberts

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…

CONTROLLED DEMOLITION: Debt & The Demise Of The Middle Class – By Charles Hugh Smith

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…

LA DIVINA COMEDIA HUMANA: Suck It, Wall Street – By Matt Taibbi

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…