Source – antiwar.com Hersh: CIA Knows Zelensky & Top Generals Are Skimming Hundreds Of Millions In US Aid Authored by Dave DeCamp On Wednesday, Investigative journalist Seymour Hersh published a report on Substack that alleged the CIA was aware of widespread corruption in Ukraine and the embezzlement of US aid. The report said the Ukrainian government has been using…
Source – betterdwelling.com Canada’s Epic Real Estate Bubble Means Mayors Can’t Afford Their Own Cities How unaffordable is Canadian real estate? It’s reached the point that mayors of major cities can’t afford to buy a home in their own city at today’s prices. Not much sympathy from a typical household that makes significantly less. However,…
Source – scheerpost.com The Cobalt Gold Rush and the East Palestine Disaster By Ellen Brown Holidays in my childhood were spent at my grandparents’ farm in Plain Grove, Pennsylvania, 35 miles from East Palestine, Ohio. My grandfather’s grandfather fought at Gettysburg and homesteaded the 160-acre farm after the Civil War. My grandmother sold it in…
Source – oftwominds.com Why Interest Rates Are Not Going Back to Zero By Charles Hugh Smith In a system maintained by ever-greater extremes, confidence erodes very quickly once the next extreme fails to move the needle. (Above Image Added By SM) Many observers expect interest rates to fall back to zero as inflation dissipates and…
Source – economicprism.com Bondage Is Cruel by MN Gordon Did you know that San Francisco’s recently completed 1.7-mile Central Subway cost $1.95 billion? That amounts to over $217,400 per foot. On a per inch basis, this is over $18,000. Is $18K per inch a good deal? Currently, less than 3,000 daily riders take the Central Subway. This represents…
Source – davidstockmanscontracorner.com SM:…”There’s a tear in my beer….” Dear Reader, The ballgame is changing. And fast! Both Wall Street and Washington went off the deep-end during the 2020-2021 pandemic period—spending, borrowing, printing and speculating like never before in history. But the nation’s financial bacchanalia is now over. The time of reckoning has commenced. That…
Source – theorganicprepper.com While Everyone’s Distracted, the Dollar Is Dying By Daisy Luther (Above Image Added By SM0 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…
Source – oftwominds.com The Everything Bubble and Global Bankruptcy The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system. 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. In…
Source – childrenshealthdefense.org Sick Kids Are ‘Absolute Goldmine’ for Big Pharma and Big Food, Whistleblower Tells Russell Brand In a recent episode of “Stay Free with Russell Brand,” food and pharma consultant-turned-whistleblower Calley Means and Russell Brand discussed how Big Food profits by selling addictive food that makes kids sick, and Big Pharma makes money…
Source – economicprism.com Is the Bank Crisis Already Over? by MN Gordon Taking the path of least resistance eventually leads to disastrous places. Like the Alexandria Hotel in Los Angeles, circa 1990s, these are places that are best to be avoided. Still, some people, after consistently choosing the easier and softer way, ended up there, going…
Source – internationalman.com Where Do You Go in a Hurricane? by Jeff Thomas As a West Indian, I’ve lived through quite a few hurricanes in my time. My level of responsibility in each varied quite a bit. I was eight years old in my first hurricane and I thought it was great fun, as it was…
Source – quoththeraven.substack.com Everyone Is Just Pretending Nothing’s Wrong “It is a shit storm out here. You have no idea the kind of crap people are pulling, and everyone’s walking around like they’re in a goddamn Enya video.” – Mark Baum Even if the stock market holds up, something is going to have to break in a big…
Source – gizadeathstar.com BANKING ON THE (OBFUSCATED) NUMBERS… Joseph P. Farrell Recently I did a News and Views about the derivatives sloshing around in the financial system, and about Ellen Brown’s thesis that – at it’s deepest darkest inner-most heart – the SillyCON Valley Bank failure was about derivatives. I have to call it “SillyCON” in view…
Source – scheerpost.com Ellen Brown: Banking Crisis 3.0: Time to Change the Rules of the Game By Ellen Brown By Ellen Brown / Original to ScheerPost 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: What the authorities did over…
Source – zerohedge.com US Studies How To Guarantee All $18 Trillion In US Bank Deposits After repeated laments by the likes of Bill Ackman, who most recently said that “I continue to believe that the best course of action is a temporary @FDICgov deposit guarantee until an updated insurance regime is introduced” (and who just flip-flopped on his “Fed must…
Source – unz.com Economic Death Spiral: Fed Trap: Financial Collapse or Hyper Inflation? ROBERT STARK With this banking crisis, which has serious Lehman vibes, it is a good time to revisit my article, Is This The End of The End of History, from March of last year. The article delt with the theme of collapse vs…
Source – quoththeraven.substack.com This Financial Crisis Will Be Like None Other In History It looks as though Credit Suisse is going to be sold off for pennies on the dollar, temporarily postponing a financial trainwreck, at least for a couple more hours or days, until the next shoe inevitably drops. The Fed doesn’t seem keen…
Source – sovereignman.com If Silicon Valley Bank is Insolvent, So is Everyone Else by Simon Black On Sunday afternoon, September 14, 2008, hundreds of employees of the financial giant Lehman Brothers walked into the bank’s headquarters at 745 Seventh Avenue in New York City to clear out their offices and desks. Lehman was hours away…
Source – betterdwelling.com Blackstone’s Real Estate Shopping Spree Is Now A Mortgage Default Crisis MARCH 16, 2023 The world’s largest alternative asset manager looks a little strapped for cash. Blackstone made headlines over the past few years for its real estate shopping spree. Deploying what seemed like unlimited capital, it bought everything in sight. Heck,…
Source – unz.com Why the Bank Crisis Is Not Over – By Michael Hudson The crashes of Silvergate, Silicon Valley Bank, Signature Bank and its related bank insolvencies are much more serious than the 2008-09 crash. The problem at that time was crooked banks making bad mortgage loans. Debtors were unable to pay and were…
Source – robertreich.org Think Grocery Prices Are High Now? Just Wait. Think your grocery bill is high now? Just wait. A massive corporate merger could send skyrocketing food prices through the stratosphere, unless the government sees the deal for what it is — a rotten egg. Supermarket giant Kroger is in the process of finalizing a nearly $25…
Source – scheerpost.com SM:….Two words – Bear Sterns……. The Looming Quadrillion Dollar Derivatives Tsunami Ellen Brown By Ellen Brown / Original to ScheerPost On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following…
Source – economicprism.com What Comes After the Great Liquidation by MN Gordon (Above Image Added By SM) Expectations were great. When 2023 started, there was a general sense that the stock and bond markets had turned over a new leaf. A repeat of 2022 was out of the question. The primary assumption was that inflation would…
Source – zerohedge.com “Worst Since Lehman”: Banks Break The World Again Last week we detailed BofA’s Michael Hartnett’s warning that “The Fed will tighten until something breaks”. Well, something just broke… SVB’s collapse – the second biggest US bank failure in history – dominated any reaction to this morning’s mixed bag from the BLS (hotter than expected earnings growth,…
Source – usawatchdog.com Catherine Austin Fitts Exposes The Central Bank Digital Currency Prison By Greg Hunter Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), says the Central Bank Digital Currency (CBDC) is much easier said than done. There is a monster fight behind the…
Source – lewrockwell.com Hitlers Gold: The Real Story Of Swiss Banks, The Bis, Dulles And The Aftermath Charles Burris While attentive persons are justly concerned and intimately focused upon in-depth detailed examination of the Ukraine/Russia War — the senseless, insane criminality, plunder and grift of the bipartisan War Party in Congress and the degenerate Biden…
Source – commondreams.org The Problem Isn’t “Woke Capitalism”—Which Isn’t a Thing—But Corporate Capitalism American politics have been corrupted so much by big money that our democracy cannot effectively deal with environmental and social concerns. ROBERT REICH “Investors don’t want to do good at the expense of doing well,” writes Reich. “They’re unwilling to sacrifice shareholder returns to…
Source – internationalman.com The Top 3 Reasons the US Has Entered the Inflation Death Spiral by Nick Giambruno Rapidly rising food, housing, medical, and tuition prices are squeezing Americans, and many do not understand the real cause of their falling living standards. That confusion opens the door for opportunistic politicians who promise supposed freebies to ease…
Source – dailyreckoning.com The Accelerating Countdown To Armageddon Authored by James Rickards Get ready for screaming headlines beginning in about two months. Why? Because the U.S. will be coming up on a double deadline of debt and deficit inflection points. The budget deficit issue will be hotly debated from March to next September and may…
Source – ellenbrown.com What Will Happen When Banks Go Bust? Bank Runs, Bail-Ins and Systemic Risk By Ellen Brown Financial podcasts have been featuring ominous headlines lately along the lines of “Your Bank Can Legally Seize Your Money” and “Banks Can STEAL Your Money?! Here’s How!” The reference is to “bail-ins:” the provision under the…
Source – robertreich.org The Biggest Economic Lies We’re Told In America, it’s expensive just to be alive. And with inflation being driven by price gouging corporations, it’s only getting more expensive for regular Americans who don’t have any more money to spend. Just look at how Big Oil is raking it in while you pay through the nose at the…
Source – charleshughsmith.blogspot.com Weaponizing Global Depression By Charles Hugh Smith All this suggests a strategy that’s only available to those few nations with these capacities: weaponize global depression. Before we get started, I need to stipulate that I don’t have an opinion one way or the other about weaponizing global depression: I don’t agree or disagree,…
Source – goldswitzerland.com Powell’s Gettysburg Moment, The US Dollar’s Waterloo, & Today’s Open Madness Authored by Matthew Piepenburg Below we examine the historical interplay of losing wars, cornered egos, tanking currencies, greater controls and gold’s loyalty in times of open madness. History Matters Despite the fact that universities even in the Land of Lincoln have…
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