economic collapse
Did the Economy Just Stumble Off a Cliff?
The signs are everywhere for those willing to look: something has changed beneath the surface of complacent faith in permanent growth. This is more intuitive than quantitative, but my gut feeling is that the economy just stumbled off a cliff. Neither the cliff edge nor the fatal misstep are visible yet; both remain in the shadows…
Read MoreWhat the Mainstream Doesn’t Get about Bitcoin
The real demand for bitcoin will not be known until a global financial crisis guts confidence in central banks and politicized capital controls. I’ve been writing about cryptocurrencies and bitcoin for many years. For example: Could Bitcoin Become a Global Reserve Currency? (November 7, 2013) I am an interested observer, not an expert. As an observer, it seems…
Read MoreTerrible News For Illinois: Moody’s Puts State On Review For Downgrade To Junk Despite Budget
The passage of Illinois’s budget, which is scheduled for tomorrow despite the veto of Gov. Rauner which was duly overridden on July 4, was supposed to be the critical catalyst that saved the state from a downgrade to junk status by the rating agencies, a first in US history. Unfortunately, moments ago Moody’s said that…
Read More12 Signs The Economic Slowdown The Experts Have Been Warning About Is Now Here
Since the election there has been this perception among the American public that the economy is improving, but that has not been the case at all. U.S. GDP growth for the first quarter was just revised up to 1.2 percent, but that is even lower than the average growth of just 1.33 percent that we…
Read MoreFinancial Weapons Of Mass Destruction: The Top 25 U.S. Banks Have 222 Trillion Dollars Of Exposure To Derivatives
The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes. Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives. In other words, the exposure that these banks have to derivatives contracts is approximately equivalent…
Read MoreThe Divided Deep State is a Symptom, Not the Disease
If we understand the profound political disunity fracturing the nation and its Imperial Project, we understand the Deep State must also fracture along the same fault lines. I’ve been writing about the divided Deep State for a number of years, most recently in The Conflict within the Deep State Just Broke into Open Warfare. The…
Read MoreThe Global Famine Begins: UN Announces That The Worst Food Crisis Since World War II Is Happening Right Now
We always knew that this would start happening. Earlier this month, I wrote about the severe economic problems that are plaguing South America, but up to this point I have neglected to discuss the horrific famines that are breaking out all over Africa. Right now there is a desperate need for food in South Sudan,…
Read More$21,714 For Every Man, Woman And Child In The World – This Global Debt Bomb Is Ready To Explode
According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars. Other estimates put that figure closer to 200 trillion dollars, but for the purposes of this article let’s use the more conservative number. If you take 152 trillion dollars and divide it by the seven billion…
Read MoreAre We Witnessing The Weirdest Moment In Economic History?
It is an unfortunate reality that most people tend to be oblivious to massive sea changes in geopolitics and economics. You would think that these events would catch the immediate attention of everyone as they happen, but usually it is not until they realize that the microcosm of their personal lives is subject to the…
Read MoreRace War May Be Imminent as South Africa’s President Calls to Confiscate White Owned Lands
When the apartheid regime collapsed in 1991, it was hoped that racial tensions could finally heal in South Africa, and prosperity would finally be had by all. Unfortunately, South Africa was promptly taken over by socialists who have been running the nation into the ground ever since. Now we may be witnessing the flash point…
Read More