The Daily Doom: Economic News of the Great Collapse

Posted December 8, 2022 By David Haggith

SOME OF THE TOP STORIES IN TODAY’S ECONOMIC NEWS ON THE DAILY DOOM: • FTX founder faces market manipulation inquiry • Central Banks Continue to Stock up on Gold to Highest Level in 48 Years •Continuing US Jobless Claims Rise to Highest Since February • Blackstone CEO Says Financially Distressed Investors Driving REIT Redemptions You […]

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The Bear is Uncaged … Again

Posted December 6, 2022 By David Haggith
Is the US stock market going to crash in 2017? [By Philip Timms [Public domain], via Wikimedia Commons]

It’s important to say when you were wrong, especially if you are prone to point out when you were right. Otherwise, you are just boasting in vain conceit. If you point it out both ways, you are just being factual.

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Dissecting the Gross Domestic Pig (GDP)

Posted December 3, 2022 By David Haggith
hedge fund hedge hog (Basile Morin / CC BY-SA (https://creativecommons.org/licenses/by-sa/4.0))

On October 28, I wrote that “GDP Stands for One “GROSS Domestic Pig During Election Season.” I claimed the report for GDP was an outright lie. There is no other way to see it. Since then, I have hoped to see others call the Bureau of Economic Analysis out for its lie, but they have […]

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Protected: How Black Was Friday, Really?

Posted November 30, 2022 By David Haggith
By 95 b-body ss [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons

There is no excerpt because this is a protected post.

MN Gordon: Gold Shines Bright

Posted November 27, 2022 By Guest Contributor
By Agnico-Eagle (Agnico-Eagle Mines Limited) [CC0], via Wikimedia Commons

Most investments have fallen all year. When they did rise, it was only to bait the bulls and then fall further once again. All assets are adjusting to a world where money is no longer free, so corporations must now earn their way. Gold has taken a more gentle path, and in recent months has […]

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James Howard Kunstler: A Light in the Darkness

Posted November 26, 2022 By Guest Contributor
Elon Musk Portrait Painting Collage by Danor Shtruzman (https://creativecommons.org/licenses/by-sa/4.0)

“Sooner or later, there will be push-back against the Dems’ attempt to turn the USA into some kind of obese transgender liberal Wakanda run by crooks, freaks and thugs.” —The Vineyard of The Saker Golden dawn will have the Twitterbirds singing a new morning song, ending the old sameness of sterilized thought.

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National Security Administration Headquarters in Ft. Meade, Maryland

We’re on the brink of a dramatic change where we’re about to — and I’ll say this boldly — we’re about to abandon the traditional system of money, and accounting, and introduce a new one…. The new accounting is what we call “blockchain.” It means digital. It means having an almost perfect record of every […]

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cashless society cover of The Economist

For years, I’ve written about the creeping approach of central bank digital currencies (CBDCs) as a replacement for coin and paper money that will give government much deeper control over you. Now the time has arrived … IN THE US. Yesterday, The Federal Reserve Bank of New York published the following notice:

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Jeffrey A. Tucker: Maybe the Fed Too Was Trolled

Posted November 13, 2022 By Guest Contributor

The Federal Reserve – and central banks the world over – played a crucial role in making lockdowns possible and weaponizing the panic of politicians. As the lender of last resort and the provider of liquidity for the entire federal government, it removes normal fiscal restraint. It writes checks that cannot bounce to fuel governments in […]

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Dr. Pippa Logo

Human beings, especially human beings in positions of high authority, can be amongst the most overconfident, un-self-aware prickly people you’ll ever meet. Power pumps up the ego and raises the risk of screw-ups which makes humans defensive, brittle, and paranoid. Politics with a small “p” makes people separate into little groups of like thinkers. Priesthoods […]

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MN Gordon: Death to Zombies

Posted November 12, 2022 By Guest Contributor
Central banks are cause of inverted yield curve recessions

On Thursday, the Bureau of Labor Statistics reported that consumer prices, as measured by the consumer price index (CPI), inflated at an annual rate of 7.7 percent in October.  Investors went bananas on this apparent pullback in the headline CPI…

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After weeks of fighting in the Western lands above the city of Kherson, which was Putin’s first and biggest prize at the start of his invasion of Ukraine, the Russian forces are continually beaten back toward the city that was home to 284,000 people. Soon Putin’s loss of the city and the whole region around […]

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