Lionel Walden [Public domain], via Wikimedia Commons

At long last the tyranny of the global financial elite has been slammed good and hard…. The British people have rejected the arrogant rule of the EU superstate and the tyranny of its unelected courts, commissions and bureaucratic overlords…. Smaller government—–at least in geography—–is being given another chance. And that’s a very good thing because more localized […]

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Brexit Flag

Regardless of the extent to which global fear mongers are right about the economic catastrophe that will hit every shore of the world after the Brexit, the most significant fact of the Brexit will be that the UK was the first nation to start the inevitable break-up of the EU. I have said since its beginning

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Negative interest rate policy never happened. (Photo by Charlie Llewellin (Flickr: Occupy Austin) [CC BY-SA 2.0 (], via Wikimedia Commons)

The economics world is all a-chatter about how central banks and their member banks have moved interest rates beyond the zero bound to charging negative interest rates. There is just as much brainless talk about why this is accomplishing nothing. No one seems to notice that negative interest rates never actually happened! Sounds preposterous? Think about it:

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In the fall of 2015, I said the Federal Reserve would raise interest rates once in December then would not be able to fly any higher thereafter. The stock market would crash shortly after the Fed pulled up on the interest stick (which it did in what became the worst January in stock-market history), and then the Fed’s hopes […]

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immigration economics has a huge cultural cost

Have you ever wondered why politicians make some immigration illegal and then turn a blind eye to illegal immigration wherever it is happening … for decades? What about why they talk so much about building walls to keep out the vast hoards, rather than simply arresting the much smaller number of people who hire illegal immigrants? […]

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By fernost (Self-photographed) [Public domain], via Wikimedia Commons

Here are several quick looks at the oil supply glut and whether it is likely to worsen, hold the same, or improve during the summer of 2016.   First, a picture of the cost of the oil supply glut   This snapshot of a major oil company epitomizes what is happening in most oil companies, big […]

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Zombie Economy Soon to Have its Zombie Epocalypse

Posted May 22, 2016 By David Haggith
By Charlie Llewellin (Flickr: Occupy Austin) [CC BY-SA 2.0 (], via Wikimedia Commons

This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve tried to push back up to that distant high that means new life several times, but each time the market falls into a pit again. The market’s inability […]

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I have pointed out in previous articles how most of the growth in stocks over the past few years has been due to stock share buybacks. Without this hideous (and at one time illegal) practice, there would have been no bull market over the last few years. That’s right. Research from no other place than […]

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By Tech. Sgt. David McLeod (, VIRIN DF-ST-92-09166) [Public domain], via Wikimedia Commons

The fate of oil companies and nations hangs in the balance of oil prices. Russia could go broke. Some think that’s by US design. Saudi Arabia could experience its Arab Spring if oil prices remain too low too long. And OPEC is dead. That’s the biggest news in this new century for oil. The House of Saud […]

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Establishment Republicans have a plan to help workers because they hear you after all the clamor that has formed around Donald Trump. That is how they bill it anyway — a plan to help laborers. They have heard through their marble walls that some of you are not happy with wages that have been stagnant for decades. So, […]

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By Federalreserve (00491) [Public domain], via Wikimedia Commons

The question begs for conspiracy theories to satisfy it, but one might more aptly say that central banks beg for conspiracy theories to explain them, since they operate in the shadows while being given charge of all the financial systems of all the world’s greatest economies. Central bankers have the unchaperoned power to create the greatest fortunes ever known […]

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By Tairo Bonilla (Own work) [CC BY-SA 3.0 (], via Wikimedia Commons

As predicted relentlessly here, the scuttled meeting in Doha to limit oil production broke up with no agreement at all. The meeting foundered like a tanker snagged in the dessert sands because of the singular obvious factor that should have sunken all hope weeks ago but did not: Saudi Arabia said, “No deal without Iran.”   Doha disaster predictable yet not the disaster that was […]

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tax burden of the beleaguered rich

Year after year around tax time, a tired war horse of a story gets trotted out about how the heavily burdened rich already shoulder eighty percent of the tax load. Poor rich. They are oxen doing the heavy pulling to make things easier on the rest of us dumb cows. Thank God we have them!

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By Federalreserve (00491) [Public domain], via Wikimedia Commons

Just about every major banker and finance minister in the world is meeting in Washington, DC, this week, following two rushed, secretive meetings of the Federal Reserve and another instantaneous and rare meeting between the Fed Chair and the president of the United States. These and other emergency bank meetings around the world cause one to wonder what is […]

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