Nothing to See Here, Folks. I Mean, Literally, NOTHING.

Posted January 16, 2021 By David Haggith
By 95 b-body ss [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], from Wikimedia Commons

Every couple of months, I bring us up to date on how the economy has changed, and the last couple of month have taken us predictably back into economic decline, following a summer burst of subnormal passableness that never got us out of the crater we fell into last spring.

MAGAnificent! The Economic Truth or Terror is Known at Last

Posted January 15, 2021 By David Haggith
By John Phelan (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

What does MAGAnificent America look like now that it’s here? Does America really feel greater after the last four years? Be honest now. Be really honest. From where I stand, America has never looked worse in any year of my life! That’s a statement packed with facts.

Barreling Toward Epocalypse: Grading My 2020 Predictions

Posted January 13, 2021 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

After each year closes, I typically grade myself on the predictions I made for that year. My last set of predictions were written near the end of June, during our reopening from the COVID lockdowns, for the second half: “2020 Economic Predictions: This Series of Unfortunate Events Guarantees the Epocalypse.” I led off with this […]

The Great Reset: Leaning into 2021 Money Storm

Posted December 31, 2020 By David Haggith
By Gabriel S. Delgado C. from Puerto Ordaz, Venezuela (Avaricia III: It's raining money Uploaded by Fæ) [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

The big talk among economists and central banksters and some politicians in 2020 has shifted toward how the Coronacrisis will (or “must”) result in a global financial/social reset. I’ve said for years we can anticipate central bank digital currencies (even before that term existed) to happen in conjunction with a global financial reset. Now we […]

Protected: The Big Changes in Central Banking are Already Here!

Posted December 31, 2020 By David Haggith
Federal Reserve balance sheet reduction not happening yet even as the Fed applauds its own success

There is no excerpt because this is a protected post.

Plane made of burning dollar bills symbolizes price inflation and the Fed moving to digital currency

In my last Patron Post, which I eventually made available to everyone, I revealed a little-known (at the time) fact that M1 money supply (the most liquid forms of cash — bills, checks and basic savings accounts) had grown faster than any time in history. I showed that using a graph like the following, which […]

Notice: I’ve made the last Patron Post now available to all.

Posted December 19, 2020 By David Haggith

Just wanted to highlight that so people don’t forget to check it out now that password protection has been removed from the article. I’ve made it available because the news it contains about the latest major moves within the Federal Reserve System are tectonic — some serious, surprise, so-far-unexplained movement in cash money. See: “It’s […]

A Christmas Stocking Stuffer

Posted December 15, 2020 By David Haggith

This month’s Patron Post lays out what course of action the Fed is likely to take this week, how and why any Fed action must team up with the federal government, and what the outcome is likely to be for the stock market and the economy. I’ve now unlocked that Patron Post for everyone because […]

The following article comes with a surprising revelation — possibly an alarming revelation — at the end. Something big is happening at the Fed — the largest movement of “cash” in history. I don’t know what to make of it, because the Fed has been completely silent about it, and the mainstream financial press has […]

By Germán Torreblanca (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

We are now seeing the most euphoric stock stock market in history — a market as precariously perched as the one I laid out last January. “Market Euphoria Surpasses Dot Com Levels” says one headline. There is another way of putting it: extreme euphoria. Zero Hedge

Proof That Trickle-Down Never Even Dribbled Down

Posted December 2, 2020 By David Haggith
tax burden of the beleaguered peasants give rise to socialist revolution

Want to see a crystal-clear picture of who has been helped the most by decades of trickle-down economics, who has gone nowhere and who has actually gone slightly downhill? Well, here you go:

Devastating Damage from the Pandemic Is a Long Line of Bad News

Posted November 24, 2020 By David Haggith

It’s time for my semi-regular roundup of where the economy has gone since the last roundup, and … It’s a long line of devilish details

The Great 2020 Bailout Bonanza

Posted November 20, 2020 By David Haggith
hedge fund hedge hog (Basile Morin / CC BY-SA (https://creativecommons.org/licenses/by-sa/4.0))

Let us speak of megabanks and global corporations, chicanery and swine, and speak of how the great have feasted in the troughs of trillions dumped out by the present administration, congress, and the Fed, for 2020 makes the bailouts of the Great Recession look like childhood snacks.

Trump tax plan trumps the middle class

I have tried to be fair with Trump, taking down many of the big lies I have seen brought against him, but I hold him to the same standard of truth. His charges of fake news against the mainstream media could have changed things if he hadn’t told so many lies himself that he lost […]