Systemic Risks Abound
If you wanted to design a system guaranteed to collapse in a putrid heap, you’d make moral hazard ubiquitous and you’d make the system 100% dependent on a hubris-soaked faux […]
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Silver: What Are We Fighting For?
It’s not just “us” versus “them”. It’s way more complicated, and so much simpler, than that…
Continue readingBanking Risk: The Real Killer Virus
The odds of a derivatives implosion, and hence banking implosion, is not just high, it’s closer to 100%…
Continue readingWhat Poisoned American Society And Its Economy?
America’s financial system is nothing more than a toxic waste dump of speculation, fraud, collusion, corruption and rampant profiteering…
Continue readingSilver Swans, Maginot Lines and the Unforeseen Risks of Collapse
Our Nobility’s assessment of risk and their war-gaming of vulnerabilities are fatally deficient…
Continue readingThe Top 10%’s Bubble Is About to Burst
When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real…
Continue readingThe Weirdest, Most Distorted Economy Ever
Between the Federal Reserve, Congress, and Covid, navigating the business cycle is equivalent to sneaking through a house of mirrors…
Continue readingThe Central Bank Bond Buying Scheme (Debt Monetization) Will Only Get Worse
A lot of these programs are being done to create newly created currency units out of thin air to buy government bonds to maintain or grow the…
Continue readingSHOCKING Increase In U.S. Money Supply In Past Two Weeks
Money supply has gone STRAIGHT UP…
Continue readingCovid Is Toppling America’s “Points of Failure” Dominoes
Sorry 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 readingBanks Are Bust: EU Banking System Imploding
It’s only a matter of time…
Continue readingFlying Blind: Clueless about Risk, We’re Speeding Toward Systemic Failure
For all these reasons, the risks of systemic collapse are much higher than commonly anticipated…
Continue readingHow Systems Collapse: Reaping What We’ve Sown
Don’t expect healthcare or any other hollowed-out, heavily optimized system to function as it once did…
Continue readingEverything We Assume Is Permanent Is Actually Fragile
Masking the rot and fragility is not the same thing as strength or permanence…
Continue readingLIBOR Shift Will Crash The OTC Derivatives Market?
Think the OTC derivatives market will be allowed to fail without more bailouts and rules changes by the Fed, US Treasury and big banks?
Continue readingWhy We’re Doomed: Our Delusional Faith in Incremental Change
Better not to risk any radical evolution that might fail, and so failure is thus assured…
Continue readingHow We Institutionalized Incompetence
And so we face the ultimate irony: ‘bailing-out-everything’ destroys the entire rotten system…
Continue readingOn Fiscal Crisis, Savings, Debt And Gold: When Ancient Greece Experienced Their Own “2020”
So while ancient Athens met its crisis with a surplus of nearly $25,000 per citizen, the US has a deficit of $80,000 per citizen. And remember…
Continue readingCorruption Is Now Our Way of Life
Systemic corruption and the implosion of the social contract have consequences: It’s called collapse…
Continue readingThings Change
“Doing more of what’s hollowed out our economy and society” is a slippery path to ruin…
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