We discuss the ‘frack now, pay later’ economics of a desperate energy sector. In the second half, Max interviews Michael Hudson, author of Killing the Host, about how the Finance, Insurance and Real Estate sectors compromise our economies.
The following article from the New York Times is shameful in many ways. While the paper is forced to cover the undeniable fact that real wages for the lowest income Americans have plunged during the so-called “economic recovery” over the past six…
British MP Jeremy Corbyn has proposed a “People’s QE” that has critics crying hyperinflation and supporters saying it’s about time. Dark horse candidate Jeremy Corbyn, who is currently leading in the polls for UK Labour Party leadership, has included in…
Correspondent Bart D. recently speculated that the U.S. stock market was now “too big to fail,” that is, that it was too integral to the global financial system and economy to be allowed to fail, i.e. decline 40+% as in…
DAILY PRICES Today’s Gold Prices: USD1130.05, EUR 1005.88 and GBP 739.63 per ounce. Yesterday’s Gold Prices: USD 1140.00, EUR 1010.73 and GBP 746.46 per ounce. (LBMA AM) “No Safe Assets Anymore” So “Focus On Precious Metals” – Faber Respected economist…
As we enter this very interesting month of September, and with the Dow down another 469 points today, I have just released my book, “Shemitah Trends: The Plot to Enslave Humanity And How to Find Freedom”. Rather than tell you…
Bloomberg News puts out a lot of good stuff. I link to Bloomberg articles often when it comes to finance and market stories, and I’m grateful for them. As such, when a news source this huge fires 90 journalists, and its recently hired editor…
“Kill King Bitcoin – Long Live the King” call is somewhat inevitable, and we should expect this to happen from time-to-time, now that the cat is out of the bag. Read more about the Politics behind the BitcoinXT Fork
Is Lightning centralized? Technically yes, to a degree, but who cares when you’re not trusting hubs anyway? Equally, if it avoids mining centralization, it’s a good tradeoff – Peter Todd Read More on the Bitcoin Lightning Network from Peter Todd
Many commentators have ably explained the double-bind the central banks of the world find themselves in. Doing more of what’s failed is, well, failing to generate the desired results, but doing nothing also presents risks. China’s double-bind is especially instructive.…
DAILY PRICES Today’s Gold Prices: USD 1140.00, EUR 1010.73 and GBP 746.46 per ounce. Yesterday’s Gold Prices: USD 1141.90, EUR 1012.23 and GBP 744.10 per ounce. (LBMA AM) Gold was marginally higher yesterday and closed at $1139.80 per ounce, up $4.30.…
We discuss the return of fear as global stock markets begin to wobble. We also examine the role of central banks in performing magic tricks that are far too convincing, thus conning investors to misallocate capital. In the second half,…
No, unfortunately, this is not a headline from The Onion. In a world in which U.S. foreign policy looks more like tragic comedy than a projection of strength and democracy, things continue to get more and more surreal. I suppose this…