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 – oftwominds.com “…The only possible conclusion: if we don’t democratize capital, democracy is boiled away. I wish this could be sugarcoated, but it’s much like my other aphorism: if we don’t change the way money is created and distributed, we’ve change nothing” Reinventing Democracy The whole point of democracy and free markets is to force competition…
Source – dailyreckoning.com “…The BRICS Leaders’ Summit is scheduled to begin tomorrow, Aug. 22 in South Africa, which will run through the 24th. As I’ve been warning, this meeting is the most significant development in international finance in the last 50 years. It has the potential to displace the U.S. dollar as the leading payment…
Source – goldswitzerland.com “…Now is the time to put your house in order. Forget about gluttony or greed. Forget about trying to get out of stocks at the top. Forget about the old axioms that stocks and property always go up. Forget about the notion that sovereign debt is always safe. Just remember one thing the next however…
Source – unz.com “…American capitalism is a savage free-for-all in which private owners are able to divert great sums of money into unproductive stock buybacks and other scams that do nothing to create jobs or strengthen the economy. Since 2009 US corporations have spent more than $7 trillion on stock buybacks which is an activity that boosts…
Source – charleshughsmith.blogspot.com “…The big difference between the Great Depression of the 1930s and the Depression we’re entering is the world still had enormous reserves of resources to tap and a (by today’s standards) modest population in the resource-consuming developed nations. Recall that a developed-world consumer uses up to 100 times more energy and resources than…
Source – goldmoney.com “…For Russia, it is also now imperative to destabilise the dollar as a deliberate escalation of the financial war against America and NATO. China’s priority is no longer to protect her export trade, but to ensure that her African and Latin American suppliers are not destabilised by higher dollar interest rates” The…
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 – dailyreckoning.com “…I spoke to a Ph.D. statistician who works for one of the biggest hedge funds in the world…He looked at Comex (the primary market for gold) opening prices and Comex closing prices for a 10-year period. He was dumbfounded. He said it was the most blatant case of manipulation he’d ever seen”…
Source – londonnews1.com “…When the BOC and the banks create money that did not previously exist, they are congratulated for facilitating economic growth. Anyone else who does this is punished for counterfeiting. In other words, in a democracy, the legality of a specific action is determined not by the nature of the action itself, but…
Source – theorganicprepper.com “…This is meant to be a positive message for the year that has just started. It’s inspired by my family and others who lived through my country’s military regime and stagflation periods during the 1970s and 80s. That’s where we found unity, energy, and perseverance to plow ahead. In every crisis, the great…
Source – thehill.com “…Andrew Maguire sits down with the founder of Miles Franklin Investments, Andrew Schectman, to address the exacerbating levels of global financial anxiety, as people flock to gold, seeking alternatives to traditional banking…..The two precious metals informers explore the dynamic expansion of BRICS and SCO nations as they continuously form new relationships, united…
Source – goldmoney.com “…Only credible gold backing for currencies will guarantee their value measured by the general level of prices. It will create considerable hardship for the 1.3 billion people in North America, Europe, Japan, and the antipodes. Against that, the 3.8 billion in Asia, as well as a further billion in Africa, and most…
Source – oftwominds.com “The current telling of the story of de-dollarization..depicts the loss of the reserve currency as a catastrophe that will crush America. As delightful as this prospect may be to various audiences…supporting a reserve currency is a burden, and lifting that burden from the US will benefit the US and hurt mercantilist exporting…
Source – oftwominds.com “…All the tricks deployed to restore confidence in 2008-09 have reached such extremes that now systemic risk–of default, conflicts, broken supply chains, geopolitical blackmail, scarcities of essential commodities and perhaps the least understood risk, the evaporation of liquidity as credit and buyers of risk-on assets become scarce–is rising dramatically…In a system maintained…
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 – theorganicprepper.com “…The circus surrounding the arrest of former President Donald Trump may have been a perfectly timed distraction. Not only are our banks still in a state of collapse despite a brief government-funded reprieve. Not only is the advent CBDCs looming over us. The world is rapidly dumping the dollar, and that’s a next-level economic disaster” While Everyone’s Distracted,…
Source – unz.com “…China’s greatest strategic vulnerability had been its dependence upon imported energy and raw materials to feed its massive industrial base, and during an international confrontation America could potentially have used its control of the seas to interdict such vital supplies. But Russia possesses the world’s greatest treasure-chest of such resources, and our…
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 – economicprism.com “…o be clear, the Silicon Valley Bank bailout is not just of lowly deposits that are already FDIC insured. This is a bailout of the ultra-wealthy and their business interests. These are people and organizations that had the means to appropriately manager their risk. But they didn’t. So, instead, you’re on the…
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 – wallstreetonparade.com “…Why would Americans be flocking to these uninsured money market funds during the latest banking panic?, We found our answer in the data released by the Investment Company Institute (ICI.org). According to ICI’s statistics, $276.49 billion of that $286 billion reported by the Financial Times (or a whopping 97 percent), went into…
Source – consortiumnews.com “…Dias conducted a comparative analysis of the percentage of global GDP adjusted for PPP between the G7 and BRICS, and made a surprising discovery: BRICS had surpassed the G7. This was not a projection, but rather a statement of accomplished fact: BRICS was responsible for 31.5 percent of the PPP-adjusted global GDP,…
Source – scheerpost.com “…On CNN March 14, Roger Altman, a former deputy Treasury secretary in the Clinton administration, said that American banks were on the verge of being nationalized….you can’t guarantee all the deposits in Silicon Valley Bank and then the next day say to the depositors, say, at First Republic, sorry, yours aren’t guaranteed. Of…
Source – unz.com “….The economy is so addicted to the “Cocaine,” that is cheap money. So basically quantitative tightening is being implemented and interest rates raised to stop inflation, but as soon as the first major economic disruption of raising rates is felt, then a return to financial policies to further prop up the bubble, causing…
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 – internationalman.com “…When a bank fails, the FDIC pays depositors up to $250,000. The FDIC has a reserve of around $126 billion for this purpose. Now, $126 billion is a lot of money. But, considering there are around $9.8 trillion in insured deposits in the US, $126 billion is just a drop in the…
Source – sovereignman.com “…When the economy was doing well in 2006 and 2007, banks earned record profits from their toxic assets. But when economic conditions started to worsen in 2008, those toxic assets plunged in value… and dozens of banks got wiped out. Now here we go again. Fifteen years later… after countless investigations, hearings,…
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 – 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 – mises.org “…Easy money for real estate markets had been the main story since 2009. In recent months, however, the Fed has allowed interest rates to rise while pausing efforts to add more mortgage-backed securities (MBS) to the Fed’s portfolio. Without those key supports from policymakers, the real estate market simply lacks the market demand that is necessary…
