The Daily Doom: Economic News of the Great Collapse

Posted September 29, 2022 By David Haggith

TOP STORIES IN TODAY’S ECONOMIC NEWS: Dow tumbled 686 points mid-day as relief rally from Bank of England died … This Looks a Lot Like the Dot-Com Bust with One Big Difference — Inflation … Signs Are Pointing Toward Equities Panic … BofA Strategists See Wall Street Rout Forcing Asset Sales … Inflation accelerated even […]

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Down, Down, Down in a Burning Ring of Fire

Posted September 30, 2022 By David Haggith
Plane made of burning dollar bills symbolizes price inflation and the Fed moving to digital currency

The Dow plunged 686 points midday on Thursday and closed down 458, wiping out a large relief rally from the day before, and it went down for the key reason I laid out for understanding why the Fed will over-tighten and drive the economy into an extremely deep recession. A batch of economic data that […]

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MN Gordon: Facing Down a Wrath of Biblical Proportions

Posted September 25, 2022 By Guest Contributor

“The LORD sends poverty and wealth; he humbles and he exalts.”– 1 Samuel 2:7 An enterprising entrepreneur did a comedic graphic of Federal Reserve Chairman Jerome Powell captioned: “IN JPOW WE TRUST.” You may have seen it.…

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The Old Age is over, and its welcome to the new, which is going to be little different – just a lot more complex. Thriving in a confused new economy of energy scarcity, inflation, recession and geopolitical threat isn’t easy – as the UK is about to discover.  by Bill Blain on Blain’s Morning Porridge: […]

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Klaus Schwab on big screen at World Economic Forum

No matter how noble its stated intentions, the “Great Reset” is at its heart a program for driving political power away from individual citizens and toward the controlling interests of a small international class of financial elites. This shift in society’s balance of power has fundamentally changed the relationship between Western citizens and their national […]

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Why So Many Cling to Covid Panic

Posted September 24, 2022 By Guest Contributor

by Mark Oshinskie on Brownstone Institute: When I was 10, I had a 12-year-old sister, Denise, and two brothers. Lenny was 14 and Danny was 5. We boys slept in the same room in a small, single-story house in a modest, riverside neighborhood known as Pleasureland.  The neighborhood’s name derived from a nearby park with […]

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The Train Wreck is Already Happening

Posted September 21, 2022 By David Haggith
By Photo credited to the firm Levy & fils by this site. (It is credited to a photographer "Kuhn" by another publisher [1].) (the source was not disclosed by its uploader.) [Public domain], via Wikimedia Commons

Today the market paid back some of its delusional holdings. It has a lot more left to pay back. You see, the market believed the Fed all of last year when the Fed said inflation was transitory. Or, at least, market leaders sold the Fed’s narrative, accelerating us into a heck of wreck.

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Illustration of the Titanic sinking with iceberg in background

Everyone in financial media is singing in unison, and the song they are all singing is a recessional for the recession — a hymn or musical piece sung while making an exit. It’s an attempt to make the recession recede from view, to talk it out of existence, to convince everyone that what is, is […]

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Charles Hugh Smith: Why This Recession Is Different

Posted September 18, 2022 By Guest Contributor

This time is different because we face structural dynamics that won’t go away in a few months or even years. This time is worse than anything we’ve ever faced in, at least, sixty years … maybe even worse than that…. by Charles Hugh Smith on Of Two Minds: Let’s explore what’s different now compared to […]

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Jeffrey Tucker: A World on Fire

Posted September 18, 2022 By Guest Contributor

Every day, news reporters, traders, and workers of all sorts the world over wake to do their work as they always have. Part of that requires that everyone pretend that life is normal, fixable, and more or less stable. All of this is temporary. It will come and go and really not be that bad.  […]

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The Russians (Propaganda) Are Coming!

Posted September 17, 2022 By Guest Contributor
By Agnico-Eagle (Agnico-Eagle Mines Limited) [CC0], via Wikimedia Commons

The headline reads “Moscow World Standard to Destroy LBMA’s Monopoly in Precious Metals Pricing”. Wow! Could it be? Is this it?! The gold revaluation we’ve all been waiting for! Someone, who has the power, will give us a venue in which we can sell our gold at its true price… how does $50,000 sound, eh?

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The former Russian president is threatening the West with nuclear war over calls for an international tribunal over the invasion of Ukraine. As Russia invades other countries that never attacked it, slaughters hundreds of thousands of people over the years in endless efforts to rebuild its former empire, and is the only country on earth now […]

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