Source – zerohedge.com “…Working people are the backstop of every mistake their government has ever made. The current analogy is that Inflation is a stealth tax. We feel it is much worse. Inflation is a slow motion default to its own citizens; in both financial and fiduciary responsibility” What the Debt Ceiling Fiasco Truly Means…
Source – orientalreview.org “…Jordan is a very poor nation that lives on the edge. So why was King Abdullah II secretly buying more than $100 billion of prime property in Malibu, London and the French Riviera? All through a web of complex companies designed to disguise the ownership? Saving For A Very Rainy Day Written…
Source – lewrockwell.com “…Our overlords wouldn’t intentionally crash the economy, would they? Let’s take a look. For context, the Federal government is being warned by Janet Yellen at the Treasury Department that if Congress doesn’t vote to lift or suspend the debt limit the country will go into default. The nation runs out of cash…
Source – washingtonpost.com “…During his 2008 presidential campaign, Barack Obama criticized Caribbean tax havens. He mentioned one building in the Cayman Islands that is the registered home of more than 12,000 U.S.-based corporations, saying, “That’s either the biggest building in the world or the biggest tax scam on record.” But as the example of 1209…
Source – thenation.com “… ‘Making A Living’, The History of What We Call Work – By Aaron Benanav Illustration by Tim Robinson. We have named the era of runaway climate change the “Anthropocene,” which tells you everything you need to know about how we understand our tragic nature. Human beings are apparently insatiable consuming machines;…
Source – unz.com “…George Soros’ dream is that China would do what Yeltsin did to Russia – that it would privatise the economy, really carve it up and let US investors buy control of the most profitable heights….Soros is furious that China is not following the neoliberal policy that the United States is following. It’s…
Source – oftwominds.com “…America has lost all of these elements, as self-interest is the only value, purpose and goal that guides behavior, starting at the top: how do politicians acquire fortunes in excess of $100 million (cough, Pelosi, cough)? Through public service? …The rot starts at the top and then seeps down into every fiber of the nation’s economic,…
Source – dailyreckoning.com …Of all the mass delusions running rampant in the culture, none is more spectacularly delusional than the conviction that we can all get fabulously rich from speculation while producing nothing. Like all mass delusions, the greater the disconnect from reality, the greater the appeal. Mass delusions gain their escape velocity by leaving…
Source – thesaker.is “…Now, the crucial factor seems to be the fragmentation of Atlanticism. Diesen identifies three levels: the de facto decoupling of Europe and the US propelled by Chinese ascendancy; the mind-boggling internal divisions in the EU, enhanced by the parallel universe inhabited by Brussels eurocrats; and last but not least, “polarization within Western…
Source – oftwominds.com “…All three factors inflated a debt-asset-speculative bubble of profound proportions, and President Xi grasped what the clueless Federal Reserve and other western central banks have not: Either pop the bubble when you still have some control over it or let it expand and pop when you’ve lost all control..Control is something the…
Source – oftwominds.com “…Clueless economists are wringing their hands about the labor shortage without looking at the underlying causes, one of which is painfully obvious: the American economy now only works for the top 10%…As a result the Smart Crowd is opting out of the conventional workforce’s debt-overwork-deadend-treadmill“ Now That The American Dream Is Reserved For…
Source – independent.ie “…While analysts have played down comparisons with the 2008 collapse of US investment bank Lehman Brothers, which caused crises at counterparties and ultimately seized up global markets, some investors have similar contagion concerns…A correction in China’s property market would not only slow the domestic economy but have global consequences too” Evergrande default…
Source – goldmoney.com “…In this article I get to the source of the inflation problem, which is the monetary debasement of the dollar and other major currencies…I explain why GDP is simply the total of accumulating currency and credit which is wrongly taken reflect economic progress – there being no such thing as economic growth.…
Source – wallstreetonparade.com “…Quantitative Easing (QE) was not intended to be a permanent feature of the Fed either when it was adopted after the 2008 financial collapse. And yet, here we are in 2021 with the Fed using QE to buy up $120 billion a month in Treasuries and agency Mortgage-Backed Securities” Quietly, the Fed…
Source – scheerpost.com “…But those five corporate giants are far from the only companies that profited from the increase in U.S. Defense Department outlays following the Afghanistan invasion, which ultimately killed more than 46,000 Afghan civilians. Hartung notes that numerous other firms—including Erik Prince’s since-rebranded Blackwater, the Dick Cheney-tied company Halliburton, and DynCorp—benefited handsomely from the…
Source – economicprism.com “…A digital dollar, coupled with the abolition of cash, would allow them to do this. Moreover, it would provide them the ability to have full control over every transaction you make. For example, if a purchase falls outside of the parameters established by the digital dollar’s monitoring algorithm, it could be cancelled…
Source – wallstreetonparade.com “…According to the official analysis and report from the Financial Crisis Inquiry Commission, derivatives played an outsized role in the severity of the financial and economic collapse in the U.S. in 2008 – the worst downturn since the Great Depression. According to documents released by the Financial Crisis Inquiry Commission (FCIC), at the…
Source – bombthrower.com -“…‘Future Shock’ by Alvin Toffler realized that the accelerating rate of change brought about by the microprocessor was sending society into something post-industrial. He expanded on that later in Third Wave which came out in 1980. By the time he got to Power Shift in 1990, the arc he had traced in…
Source – nader.org –“…Galaxy: One last question: $200 billion man; do you believe in God?…Bezos: “You’re looking at him…. for the time being….Bezos: “I’ll thank the robots. By that time, they’re able to reply, ‘thank you, master.’ [Greg thought the big guy was getting a little giddy]. After all, my capsule, New Shepard, took me,…
Source – michael-hudson.com –“…The Federal Reserve is keeping the interest rates low so that it will pay people to bid against each other to borrow cheap money…So that’s the story from New York. The function of the central bank is to keep the commercial banks afloat so that they won’t lose so much money on…
Source – internationalman.com “…When QE was implemented, the purchasing power was weak and both government and personal debt had become so great that further borrowing would not solve the problem; it would only postpone it and, in the end, exacerbate it. Effectively, QE is not a solution to an economic problem, it’s a bonus of…
Source – robertreich.org “…The real socialism is corporate welfare. Thousands of big American corporations rake in billions each year in government subsidies, bailouts, and tax loopholes – all funded on the taxpayer dime, and all contributing to higher stock prices for the richest 1 percent…Big Tech, Big Oil, Big Pharma, defense contractors, and big banks are…
Source – lewrockwell.com “…Washington has recently unleashed a countervailing strategy, seeking to split the “world island” economically along its continental divide in the Urals, redirecting the 40 percent of world trade in its Asian half toward North America through the Trans-Pacific Partnership (TPP) and reorienting the world’s largest economy in the European Union through the…
Source – https://economicprism.com/where-is-the-outlook-most-miserable/#more-7695 “…Central to Templeton’s investment philosophy was buying superior stocks at cheap entry points, during periods of “maximum pessimism.” He diligently applied this approach across a range of countries, industries, and companies. In an interview in Forbes in 1988, Templeton remarked: “People are always asking me where the outlook is good, but that’s the…
Source – activistpost.com – “… The word “poverty” does not appear even once. The reason is clear: Whatever “business as usual” might be with the Bank, it has nothing to do with poverty or poverty reduction. Rather, the Bank is in business to loan money by stimulating borrowing demand in developing countries, with a view…
Source – michael-hudson.com –“…In today’s New Cold War the mode of destruction is largely economic, via trade and financial sanctions such as the United States has imposed on China, Russia, Iran, Venezuela and other designated adversaries. The idea is to deny them key inputs, above all in essential technology and information processing, raw materials, and…
Source – internationalman.com –“…COVID will go down in history as more than just another mass hysteria. It’s likely to be classed as an episode of mass psychosis. It’s the Salem witch trials times a million. It is even bigger than the Great Cultural Revolution in China…If you lived in the world that George Orwell projected…
Source – oftwominds.com “…The real dynamic behind this happy-story shuck-and-jive is unprecedented prosperity for those with access to low-cost credit generated out of thin air by central banks. In other words, introducing market forces leads to the dominance of those who control those forces –banks and corporations…The unraveling we’re witnessing is just getting started. The…
Source – mises.org “…To put it another way, the Bretton Woods Agreement really was a scheme to give the appearance of “sound money” all the while ensuring that the sound money regime that existed prior to the outbreak of World War I would not be reinstituted. Furthermore, Henry Hazlitt, who then was writing editorials for the…
Source – cluborlov.blogspot.com “…The benefits of hyperinflation are too many to mention here, but perhaps the most important one will be in allowing people, rich and poor alike, to make a gradual transition to life without any money at all. To paraphrase Klaus Schwab, you will be broke and you will be miserable, but at…
Source – goldswitzerland.com “…. Just since 2000 most currencies have lost 80-85% of their value. And since 1971 they have all lost 96-99%. The race to the bottom and to hyperinflation is now on…The risk of the dollar collapsing without gold backing was major but Tricky Dick (Nixon) together with his Secretary of State Henry Kissinger had…
Source – kirbyanalytics.com “…Without a virus, humanity would NEVER have put up with this kind of money creation. Now that the bogey man has appeared and everyone is in “lockdown” in their homes – they want to be paid and will not only tolerate but are WELCOMING the money creation – so long as the…
Source – off-guardian.org “…Major investment firms such as Vanguard and Blackrock, along with rental companies such as American Homes 4 Rent, are buying up single-family homes in record numbers – sometimes entire neighbourhoods at a time….in the last year, the private investment share of single-family home purchases is estimated to have increased ten-fold, going from…
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