Economist Warns: Americans Relying on Overvalued Currency to Import What Rest of World Produces
Says Americans in for rude awakening when dollar collapses
Says Americans in for rude awakening when dollar collapses
Is renewal / recovery from systemic decline possible? The history of the Roman Empire is a potentially insightful place to start looking for answers. As long-time readers know, I’ve been studying both the Western and Eastern (Byzantine) Roman Empires over the…
Though it has been billed as the main event for months, the presidential election has always been a side show–or from one point of view, a freak show. As I write this on Monday, I have no idea who will…
We are already experiencing the powerlessness of POTUS. We all know the POTUS (President of the United States) has the power as Commander-in-Chief to engage the nation in senseless, costly, needless wars.We also know the POTUS has a media-saturated bully…
The end-state of unsustainable systems is collapse. Though collapse may appear to be sudden and chaotic, we can discern key structures that guide the processes of collapse. Though the subject is complex enough to justify an entire shelf of books,…
Let’s face it, the system is coming down. Have you ever wondered “who” would be blamed this time around? Click Here For Bill Holter’s Analysis On The Scapegoat for the Global Financial Crisis:
It’s difficult for well-meaning pundits to abandon the fantasy that meaningful reform is possible. Indeed, a critical function of the punditry and corporate media is to foster the fantasy that the status quo could be reformed if only we all…
That the status quo–the current pyramid of wealth and power dominated by the few at the top–has failed is self-evident, but we can’t bear to talk about it.This is not just the result of a corporate media that serves up…
Whatever you think of former Fed chair Alan Greenspan, he is one of the few public voices identifying runaway entitlement costs as a structural threat to the economy and nation. We can summarize Greenspan’s comments very succinctly:there is no free…
5 years after she walked away from the business in the wake of MF Global’s rehypothecation of over $1 Billion in segregated customer assets (including physical gold and silver bars in held in customer’s names), the former CEO of Barnhardt…
‘A new study shows that possible collapse of Europe’s passport-free Schengen area could cost member states of the European Union (EU) up to 1.4 trillion euros over the next decade. The study has been carried out by Germany’s Bertelsmann Foundation and its results were released on Monday, AFP reported. According to the estimate offered in […]
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When I write about the demise of unsustainable systems, readers often ask me to describe the collapse I see as inevitable. This is a tough assignment, as there are as many kinds of collapse as there are systems: fragile ones…
While all eyes seem to be fixated on Deutsche Bank’s stock, it would seem to me that we should be focused on the financial meltdown occurring behind the Fed’s “curtain” that is clearly going on in the U.S. banking system…
The core narrative of central bank/cartel capitalism is centralized agencies have the power to limit downturns and extend credit-based “good times” almost indefinitely. The centralized power bag of tricks includes fiscal policies such as deficit spending to boost “aggregate demand”…
‘With over 400 hotels for sale in the tourist capital Antalya, Turkey’s tourist industry has descended into one of its worst crises in history after the number of Russian tourists visiting the country dwindled and increasing terrorist attacks left the country’s security weakened, the Turkish Zaman newspaper reported. Turkey is facing a shortfall of nearly […]
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