Source – fortuneandfreedom.com “…It is important to differentiate between CBDCs and the concept of private, distributed digital currencies, including those such as bitcoin, that are built using distributed-ledger technology (DLT). In some ways they are opposites. Rather than offer an alternative currency, CBDCs are mostly aimed at making monetary policy easier to implement and, potentially,…
Source – charleshughsmith.blogspot.com “…In terms of natural selection, a severe global recession puts tremendous selective pressure on every participant on every scale: households, small businesses, global corporations, nations, alliances and empires. The least resilient won’t have the means to adapt and they will default/dissolve. The more resilient will have the means to tighten their belts and survive. The…
Source – dailyreckoning.com. “…Is there a financial calamity worse than a severe recession in early 2023? Unfortunately, the answer is “yes” and it’s coming quickly…the Fed money supply is itself leveraged on a small sliver of only $60 billion of capital. So, the Fed’s balance sheet is leveraged 100-to-1, and the derivatives market is leveraged…
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 – oftwominds.com “…Outsiders clinging to recency bias are thus shocked when systems they assumed were rock-solid no longer function reliably. Insiders are amazed the duct-tape has held this long while outsiders are stunned to learn that student nurses are being passed off as certified nurses and the maintenance of critical systems has completely collapsed”…
Source – asiatimes.com “…Cryptocurrency markets are primed for contagion…Crypto owners are spooked, waiting for the next exchange to drop. This month it looked as if that might be the world’s biggest cryptocurrency exchange, Binance, after customers withdrew US$1.9 billion of assets in 24 hours…The lesson from FTX is that if you don’t have self-custody of your…
Source – oftwominds.com “…Napier explains why inflation will be maintained in a range of 4% to 6% for years to come: inflation is the only way to reduce the debt burden which has reached $300 trillion globally, and about 250% of GDP of many nations… Furthermore, inflation will be driven by two forces: scarcities of…
Source – lewrockwell.com “…In the Gospel narratives, the role of private enterprise, and the evil of government power, only begin there. Jesus used commercial examples in his parables (e.g., laborers in the vineyard, the parable of the talents) and made it clear that he had come to save even such reviled sinners as tax collectors”…
Source – internationalman.com “…What’s happening will, I think, be seen as a turning point greater than either WW1 or WW2. And there’s an excellent chance we’re looking at something akin to WW3 in the bargain. I don’t doubt that the era before 2020 will soon be referred to as the “Before Times,” a phrase that’s…
Source – internationalman.com “…El Salvador is cutting these vampires out of the loop with the Volcano Bonds and adopting Bitcoin as legal money. That isn’t exactly a risk-free proposition, as Muammar Gaddafi and Saddam Hussein found out—both of whom looked to free their countries from US financial dominance wound up dead after military interventions” A…
Source – wallstreetonparade.com “…The New York Stock Exchange was at one time the most respected stock exchange in the world. It’s now become a pay-to-play venue for hedge funds, high frequency traders and Wall Street mega banks…Steve Kroft asking Lewis what the headline is for his new book. Lewis responds: “The United States stock market,…
Source – schiffgold.com “…Quite simply, the US economy is addicted to easy money. It is addicted to artificially low interest rates and quantitative easing. You can’t take an addict’s drug away without sending him into withdrawal. In the aftermath of 9/11 and the dot-com bubble bursting, the Fed dropped rates to 1%, at the time, a…
Source – truthtalk.uk “…The Central Bank of Nigeria announced it will begin, effective in January, restricting cash withdrawals from banks and ATMs to just $45 per day as part of a push to move the country toward a cashless economy…it comes on the heels of mega-banks announcing similarly creepy new policies in recent months in China,…
Source – wallstreetonparade.com “…Just 14 years ago the United States experienced the greatest financial collapse since the Great Depression of the 1930s because of fast-talking hucksters on Wall Street pushing unregulated derivatives backed, in many cases, by little more than air. Millions of innocent Americans lost their jobs, their homes and their life savings in…
Source – oftwominds.com “…Humanity is in the grip of the secular cult of central banking. The cult’s seers and prophets periodically emerge with arcane signs and readings, offering divinations to guide the followers…The cult creates credit and “money” out of thin air and distributes it to the few extremely wealthy to further expand their wealth. These…
Source – thecradle.co “…The system will include a single payment card – in direct competition with Visa and Mastercard – merging the already existing Russian MIR, China’s UnionPay, India’s RuPay, Brazil’s Elo, and others. That will represent a direct challenge to the western-designed (and enforced) monetary system, head on. And it comes on the heels…
Source – zerohedge.com “…The investment losses in blockchain products along with the scandals in exchanges is a rather convenient opportunity for the banking establishment to promote their own currencies as a replacement. In the wake of the FTX event, multiple international banks including JP Morgan and Goldman Sachs have called for government regulation and a…
Source – alexkrainer.substack.com “…What we must focus on are things we truly desire – probably things like warm and comfortable homes, quality foods, safe neighbourhoods and time to socialize and enjoy leisure. There is no reason to think of these things – and much more – as anything other than our birthright and to disenfranchise…
Source – oftwominds.com “…True Believers are confident that some Savior Technology will emerge and scale up globally to save us from any nasty reduction in consumption, but they overlook the inconvenient fact that all the proposed Savior Technologies need vast quantities of the same materials that we’ve already consumed” Demographic Cliff + Let It Rot…
Source – wallstreetonparade.co “…If one looks very closely at the structure of FTX, the collapsed crypto exchange now in bankruptcy and causing everything it touched to teeter, it was actually using a technique of the U.S. central bank – the Fed – to create money out of thin air; and a technique we’ve been writing…
Source – thecradle.co “…It is safe to say that the G20 may have plunged into an irretrievable path toward irrelevancy. Even before the current Southeast Asian summit wave – in Phnom Penh, Bali and Bangkok – Lavrov had already signaled what comes next when he noted that “over a dozen countries” have applied to join…
Source – oftwominds.com “…Once you grasp the potential of community-based labor-backed cryptos, you realize cryptos took the greed-soaked path to the Dark Side of a destructive asymmetry of wealth and power…Scrape away the high-falutin rhetoric, and blockchain/crypto distills down to the same old greed and avarice that powers traditional finance“ Where Crypto Went Wrong By…
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 – forbiddenknowledgetv.net “…Cryptocurrency CEO and Democratic donor Sam Bankman-Fried funded the campaigns of key lawmakers overseeing the Commodity Futures Trading Commission (CFTC), the agency tasked with regulating the crypto industry, as he was lobbying the CFTC for greater oversight over the digital asset marketplace“ The FTX Collapse Explained in 99 Seconds By Alexandra Bruce…
Source – wallstreetonparade.com “…As it turns out, folks don’t have a lot of confidence in the crypto exchanges that hold their crypto. The equivalent of bank runs seen in the early 1930s, before federal deposit insurance was enacted by Congress in 1933, can wipe out a crypto exchange in a week’s time. According to Reuters,…
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 – mises.org “…Why has Iran, then, incurred such wrath from the American military-industrial complex establishment? The regime’s Sturm und Drang regarding Iran—and, for that matter, any state that even intimates that it will conduct trade in oil without the dollar, cf. Russia—is all about the petrodollar system” The Petrodollar-Saudi Axis Is Why Washington Hates…
Source – zerohedge.com “… Whitney: The One Chart That Explains Everything Look at the chart below. The chart explains everything. Authored by Mike Whitney, It explains why Washington is so worried about China’s explosive growth. It explains why the US continues to hector China on the issues of Taiwan and the South China Sea. It explains…
Source – economicprism.com ‘…Once the Fed finally begins cutting interest rates, which would come after inflation has begun to abate and a period of interest rate pause, the stock market will continue to fall for another 18 to 22 months. In other words, this bear market may not bottom out until well into 2025. What’s…
Source – oftwominds.com “…Everyone caught by surprise that the infinite road actually has an end will face a bewildering transition….bewildering transition.The End of the “Growth” Road is upon us, though the consensus continues to hold fast to the endearing fantasy of infinite expansion of consumption” The End Of The Growth Road – By Charles Hugh…
Source – wallstreetonparade.com “…Williams charged in her lawsuit that JPMorgan Chase was keeping two sets of books and effectively making a monkey out of the U.S. Department of Justice by brazenly flouting the non-prosecution agreement it had signed with the Justice Department in a previous case. It came out in her deposition testimony, which is…
Source – resilience.org “…Actually, as historians of Monopoly (it’s a thing) know, the game developed from the earlier ‘Landlord’s Game’ devised by Elizabeth Magie, a proponent of Georgist land value tax, with the aim of showing the ruinous consequences of monopolism generated by economic rent and untrammeled private property rights, contrasted with the general social…
