If This Isn’t A Blow-Off Top …
We’re witnessing the greater fool theory taken to its logical extreme. Unfortunately, since a national government doesn’t have money of its own…
Continue readingWe’re witnessing the greater fool theory taken to its logical extreme. Unfortunately, since a national government doesn’t have money of its own…
Continue readingThe taxpayer is backstopping more credit risk than ever…
Continue readingPresident-Elect Biden just proposed that $10,000 of student debt be forgiven for each borrower. This sounds generous but is actually just the opening bid in a…
Continue readingNew York would be forced to lay-off thousands of workers, increase taxes, fares, tolls and government borrowing with “devastating” consequences if…
Continue readingThe truth is when it comes to bailing out Wall Street, those who support bailouts hardly limit themselves to loans…
Continue readingCan this all be reversed once the crisis is over, or has the Rubicon been crossed?
Continue reading200 years worth of debt were added in 2020 as Trump outdoes Obama’s deficit in only one term…
Continue readingThis screenshot from the mainstream financial press says it all…
Continue readingSorry Fed, it’s too late. The dominoes are already toppling, and every point of failure is being exploited by the catalyzing effects of Covid…
Continue reading“…massive layoffs of city and state workers and turmoil in the bond market. That kind of thing alone is enough to send the U.S. back into…”
Continue readingEven in the absence of a pandemic lockdown, mass defaults on state and city obligations would be inevitable. Now, defaults are coming next year…
Continue readingThink the OTC derivatives market will be allowed to fail without more bailouts and rules changes by the Fed, US Treasury and big banks?
Continue readingThe economy continues to flounder. Unemployment filings got closer to 1 million with 890 new filings this past week. States like Illinois are…
Continue readingA booming stock market & subdued precious metals will be viewed as beneficial to Trump. The handlers believe that “optics are everything” in the final days before…
Continue readingAnd so we face the ultimate irony: ‘bailing-out-everything’ destroys the entire rotten system…
Continue readingThis all feels much different than what we expected…
Continue readingA substantial portion of the US population is desperate for another round of stimulus checks because they are almost entirely out of cash. In fact, a…
Continue readingTrump caught a coronavirus, but miraculously, he has already left the hospital in good shape. Gold didn’t show too much empathy…
Continue readingNever a dull moment in pre-apocalypse America…
Continue readingThe value of gold relative to the U.S. dollar is beginning to accelerate along with the amount of systemic corruption, fraud and general perversion…
Continue reading