Source – oftwominds.com “…The U.S. Constitution doesn’t address a small elite owning most of the nation’s private wealth and using a sliver of that wealth to influence the federal government….This financial and political dominance is thus perfectly legal. As Bastiat’s famous quote puts it: “When plunder becomes a way of life for a group of men in…
Source – wallstreetonparade.com “…When Archegos blew up in March and couldn’t meet its margin calls, hefty losses were reported by some of these banks. Archegos is clearly just one roach in a large roach motel…not one federal regulator seems to have any idea of how many more such contracts have been written between the hedge…
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…
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…
Source – schiffgold.com “…The question is how long will the rest of the world subsidize America’s standard of living?…then the dollar crashes and that’s the end of this game. Because to the extent that we can only spend our dollars on the things that we produce ourselves, that’s where it hits the fan, because we’re…
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…
Source – lewrockwell.com “…If you’ve been wondering how the world economy has been hijacked and humanity has been kidnapped by a completely bogus narrative, look no further than this video by Dutch creator, Covid Lie. What she uncovers is that the stock of the world’s largest corporations are owned by the same institutional investors. They…
Source – armstrongeconomics.com “…I had received a phone call from a journalist I think by the name of Isabel Ring. She had asked me a question. Did I think that Republic National Bank was laundering money for the Russian oligarchs “as they were doing in Madoff’s accounts?” I responded I had no idea. I assumed…
Source – aier.org “…Maher pointed to a recent CDC study that reported the vast majority (78%) of those hospitalized or dead from Covid have been overweight or obese. Of Americans aged 20 and over 73.6% are overweight; 42.5% are obese. (Obesity is defined as a body mass index (BMI) of over 30.) Many studies explain…
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…
Source – goldswitzerland.com “… Archegos and Credit Suisse, investment banks have created a timebomb with the $1.5 quadrillion derivatives monster. A few years ago, the BIS (Bank of International Settlement) in Basel reduced the $1.5 quadrillion to $600 trillion with a pen stroke. But the real gross figure was still $1.5q at the time. According to…
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…
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…
Source – cluborlov.blogspot.com “…After the financial collapse of 2008 it quickly became obvious that nobody competent or responsible was in charge. The “solution” was for central banks to start blowing financial bubbles by zeroing out interest rates and flooding the world with new debt. Debt that expands much faster than the economy is garbage debt,…
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…
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…
Source – kunstler.com “…The main racket is the ongoing effort to replace a transactional economy of individual enterprise with the managerial state that attempts to allocate all resources and direct markets. We’ve seen that movie before. It beats a path directly to totalitarian tyranny, and that is already sickeningly visible in the pre-production activities for…
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…
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…
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…
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…
Source – ericmargolis.com “…Those few legislators who did not kowtow to Adelson or the idea of a greater Israel were quickly subjects of his wrath and sharp political attacks. US senators Newt Gingrich and Marco Rubio became major recipient of donations from kingmaker Adelson. However, the most important recipient was Donald Trump” THE MAN WHO…
Source – research.rabobank.com “… China’s imports of these have risen almost three-fold in a year to address a structural supply gap that cannot be addressed by domestic production. Indeed, China is so stretched for feed it is resorting to using old domestic wheat reserves for livestock — 35m metric tonnes this year alone, equivalent to…
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…
Source – betterdwelling.com “…A temporary injection of liquidity goes a long way in stopping a crisis. However, it needs to be a market based response. A small group of bankers creating a doomsday scenario in their mind, and crafting a response to something that hasn’t happened, isn’t market based. It’s something that happens in a…
Source – resilience.org “…Corporations have stepped beyond lobbying governments. They are integrating in policy-making at the national and international levels. From agriculture to technology, decisions historically made by governments are increasingly made by secretive unaccountable bodies run by corporations” Global Coup d’État: Mapping the Corporate Takeover of Global Governance By Nick Buxton, Lynn Fries Corporations…
Source – scheerpost.com “…As mass consumerism took hold in the United States over the past several decades, Americans became increasingly expectant that the goods available to them would be cheaper than previously imaginable. One of the costs of this phenomenon has been off-shored to factories primarily in China, where factory labor conditions are well known…
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…
Source – zerohedge.com “…The reporter then spoke with a local paster by the name of Rodney Hudson, who said the whole system is corrupt. He said it’s not just the school system that is broken, it’s families, the economy – and “the entire community” – it’s all broken” “Profiteering Off Poverty” – The Side Of Baltimore…
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 – zerohedge.com “…According to the Financial Times, in the days when the Texas electric grid failed during last month’s polar vortex blast and which sent electricity prices to staggering levels, Bank of America made hundreds of millions of dollars in trading revenue “highlighting the upside for Wall Street from mayhem that knocked out power…
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…
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