Waiting for the Next Herbert Hoover
What will be the unfolding issues of 2021?
Continue readingJohn Rubino
Learning The Wrong Lesson From World War II Debt
We had already decided that debt didn’t matter before the pandemic hit, which makes it easy to rationalize war-time levels of…
Continue readingMass Layoffs Coming One Way or Another
“…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 readingThis Is How A State Goes Bankrupt, Illinois Edition
Even in the absence of a pandemic lockdown, mass defaults on state and city obligations would be inevitable. Now, defaults are coming next year…
Continue readingWhy Stocks Are A Bad Place To Be (In One Table And Three Charts)
The stock market looks very familiar to financial historians, but not in a good way…
Continue readingWhat Are The Dynamics Behind The Dollar’s Dismal Future?
Does it really matter who wins the upcoming presidential election?
Continue readingThe LEAST Important Election Of Our Lifetimes
What DOES Matter? The coming financial crisis of course…
Continue readingSo No Stimulus Bill This Month…Really?
Never a dull moment in pre-apocalypse America…
Continue readingMainstream Investors About To Pile Into Gold
Money managers who don’t recommend gold to their clients are becoming the exception rather than the rule…
Continue readingHere We Go Again: Precious Metals Edition
What happens next? If the rules of this game still apply, stocks, gold, and silver will keep falling until…
Continue readingGood News For A Change: Vertical Farm Edition
Just like that, you’ve turned a food desert into a food oasis…
Continue readingBelieve It Or Not, 2021 Is Looking Worse Than 2020
The result is turmoil in the financial markets, possibly concurrent with the political system melting down. Which sets the stage for…
Continue readingHere We Go Again: What Does The Latest Flash Crash Mean?
The Fed did not promise to actually cut rates or expand its QE program. That sounds like a stable rather than an increased dosage. Which means…
Continue readingWarren Buffett Admits He Doesn’t Understand This Economy (Which Explains His Pivot To Gold)
The coming world is one where the excesses of the past produce chaos for everyone except gold bugs…
Continue readingIs California Over?
Beyond a certain point even a place like California, blessed as it is with both Hollywood and Silicon Valley, can’t support the unsupportable…
Continue readingJohn Rubino: It All Goes Back To Gold & Silver
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There’s no easy way to get through this financial crisis without pain. Whether it’s a 1930s style deflationary crash or a Weimar style hyperinflation…
Continue readingWill A Weak Dollar Bail Out Emerging Markets? Nope
Back in the simpler days of 2019, there was this (now completely forgotten) impending crisis about dollar-denominated debt blowing-up emerging market economies…
Continue readingWill Washington Cave? Cities & States Are Bankrupt Without A Bailout
A few more trillion dollars will blink into existence, and pressure will shift from the cities & states to the dollar itself…
Continue readingAs Gold Soars, Miners Become Hot Growth Stocks
The idea that a rising gold price is good for gold miners is intuitively easy to grasp. But to understand just how good, you have to see the numbers…
Continue readingWhy So Many American Cities Already Headed For Catastrophe Are Now Paralyzed
The worst-run cities will pay a huge price for this indecision when rioters finally leave but shoppers and merchants don’t come back…
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