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Plot Twist
Yeah, but what if they’re MOON rocks? Then the fake nickel is even more valuable than the real stuff would have been. Problem solved. Contact me for any future economic confidence-related problems....
View ArticleClown World Law
The economic tide is rapidly going out and it is exposing the utterly false foundations of the Enlightenment-based societies in the process. Switzerland was once known throughout the world for its...
View ArticlePreemptive Bank Bailout
Now that the big banks have been given a no-ceiling deposit guarantee, the smaller banks need to be given the same guarantee before all their big deposits are transferred to the guaranteed banks. And...
View ArticleSilicon Valley is Fake and Gay
Of course, it has been ever since the end of the semiconductor era. Faking it is over. That’s the feeling in Silicon Valley, along with some schadenfreude and a pinch of paranoia. Not only has funding...
View ArticleDebt-Cancellation in Ancient Greece
Jesus said debts should be forgiven. So did the ancient Greeks, as Rev. Matt points out. One of the most consistent arguments made against the policy of society wide debt forgiveness is this: “You...
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Be Very Afraid
In fact, you might do well to be downright terrified. When it comes to economics news, it doesn’t get much more grim than this. Fortunately, he only said “could mark”. He didn’t actually declare that...
View ArticleRunning Out of Rabbits
What can the Fed do in the face of the growing list of bank failures? Absolutely nothing, according to Karl Denninger. How’s PacWest doing? Oh, not so good. Let’s see…oh, looks sort of like an...
View ArticleBetter Stick with Cash
Banks are now closing the accounts of people whose “publicly-stated views are at odds with their positions as inclusive organisations” and using spurious excuses to do so. The 40-page file shows that...
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Wells Fargo is Short on Cash
Better make sure you’ve got less than the Federally-guaranteed amount in Wells Fargo. I’m sure it’s fine, though. It’s not as if any banks have been failing recently, right? DISCUSS ON SG The post...
View ArticleThe US Housing Crash Cometh
Karl Denninger explains why, and in the process, also explains why people had so much money to spend over the last 3-4 years. All Real Estate is local. But — it got a lot less specifically-local in...
View ArticleThe End of Demonetization
The BRICS alliance – which is to say Russia and China – is taking direct aim at the ability of Clown World’s credit system to demonetize individuals, organizations, and nations of which it...
View ArticleThe Retreat from Japan
Goldman Sachs reverses course and exits the Japanese market: Goldman Sachs Group Inc. is exiting transaction banking in Japan, less than a year after announcing plans to enter the business of managing...
View ArticleThe Comprehensive Failure of Milton Friedman
The author of Princes of the Yen, which presciently predicted the 2008 financial crisis, the current one, and the global currency goal as far back as 2005, was methodically demolishing all of the key...
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The Empire’s Economic Death Spiral
Apparently the foreign elite ruling the imperial USA are under the impression that the only way out of its Ukrainian debacle is through. Unfortunately, this concept doesn’t work when the rapidly...
View ArticleAnd Here… We… Go
JP Morgan just lost all of the funds it was holding in its bank accounts in Russia: A Russian court has ordered the seizure of funds in JPMorgan Chase accounts in Russia, court filings showed on...
View ArticleMailvox: Debt Deflation in Action
A reader notices that the credit card companies are rapidly reducing the amount of credit available to their more conservative cardholders. My husband and I run a small business and have noticed an...
View ArticleHave We Reached Peak Boomer?
Even before they have exited the scene, it’s already clear that the Boomers are the worst and most wicked generation in recorded history. Can you even imagine doing this to anyone, let alone your own...
View ArticleThe Second Phase of WWIII
Didactic Mind explains the significance of the BRICS Pay card announced last week: Each individual BRICS+ nation is at a different stage of development along the path of having a proper banking...
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