The Real Economic Problem Is Not The Closedown
The Trump checks help, as do temporary moratoriums on evictions to delay the inevitable, but for the majority of the already heavily indebted, the closedown…
Continue readingMichael Hudson
Paul Craig Roberts: A Bond Solution For America’s Economic Crisis & Unpayable Corporate Debt
The Fed is trying to support the unsupportable. By doing this, it has blocked a reasonable solution bringing financial asset prices in line with the…
Continue readingA Debt Jubilee Is the Only Way For America To Avoid An Economic Depression?
Even before the coronavirus appeared, many American families were falling behind on student loans, auto loans, credit cards, and other payments…
Continue readingAfter Negative Rates, Devaluation And A Savings Meltdown
How then can the economy pay its debts without imposing financial austerity much like Third World countries subjected to austerity programs?
Continue readingThe International Drive To De-Dollarize The American Financial Empire
Rates are historically low, and they’ve been kept low to try to keep providing cheap money for speculators to buy stocks and…
Continue readingPaul Craig Roberts: America Needs A Debt Jubilee
“This is an economy headed down, not up. Clearly, Hammurabi did far better for the Babylonians than Washington can do for Americans.”
Continue readingAmerica’s Fifth Column Will DESTROY Russia
“The U.S. is failing because of it, and so will Russia.” Here’s what’s exactly destroying us, and will also destroy Russia if Putin embraces it…
Continue readingDo Financial Markets Still Exist After Stopping The Market Crash Last Week?
Retail investors did not buy the stock market dips, so the question is, who was be purchasing S&P Futures? Here’s the likely culprit…
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