Archive for May, 2020

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The Walking Fed Creates a Zombie Horde

Posted May 28, 2020 By David Haggith
Zombie economists bring on US 2016 recession. (Photo by Charlie Llewellin (Flickr: Occupy Austin) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons)

In the The Walking Dead a virus creates a zombie apocalypse on earth. In reality, the Federal Reserve is working with a global virus to create a plague of zombie companies that do not produce revenue capable of sustaining themselves. By definition, they cannot even pay the interest on their bloating debt.

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An Epocalypse Upon Us

Posted May 26, 2020 By David Haggith

I’ve missed a few predictions along the way, but usually only in part. When I missed, it was because I took the bad too far. The bad has almost always happened exactly when I said it would but hasn’t always been as bad as I said it would be. Now, it has all arrived and […]

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Bank of America is Wrong: We’ve All Become Preppers Now

Posted May 25, 2020 By David Haggith
Inverted bond yields a sign of things to come from things gone bye?

Bank of America says it is dangerous to ignore the stock market, but a longer tradition says the bond market is the wiser of the two, and it is dangerous to ignore the bond market. Bank of America dreams corporate cash could roll into stocks.

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The Fed is Dead!

Posted May 19, 2020 By David Haggith

The last few months reveal how dramatic failure of the Fed looks now that it has hit the wall of diminishing returns. I’ve warned for years that the next recession would look just like what we are now seeing. I’ll show below why this graph shows in stark numeric terms just how bad it is.

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CASHLESS SOCIETY 2020: Central Banks Exploit the Coronacrash to Bring on Coronacash

Posted May 18, 2020 By David Haggith

Central banks, as I’ve laid out in past months of Patron Posts, have been publicly laying the road for a transition to digital currency for many months. Now the coronacrisis is playing directly into their hands. Central banks conduct germ warfare on dirty cash The war on cash has gone viral. Early in March, Zero […]

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CASHLESS SOCIETY 2020: How Banks Mint Money and What’s Restraining Digital Currency

Posted May 17, 2020 By David Haggith
By Agnico-Eagle (Agnico-Eagle Mines Limited) [CC0], via Wikimedia Commons

Bill Gates, a plague and central banks have converged like the perfect storm to propel the US toward becoming a cashless society and toward using digital ID’s for all personal financial transactions. The coronavirus bound these forces together, compounded them with fear to overcome inertia, and is accelerating society down the digital-currency highway.

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CASHLESS SOCIETY 2020: Coronavirus Swings Society to “Touch Free” Digital ID and Digital Currency

Posted May 11, 2020 By David Haggith
Plane made of burning dollar bills symbolizes price inflation and the Fed moving to digital currency

Many people are warming up to the idea of digital currency in a cashless society due to coronavirus because going touch free is cleaner than cash. Many businesses are already moving to make digital currency the only form of transaction they will engage in so their customers and their employees feel safe.

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Worst US Jobs Report in History was Worse than Investors Think, but the Dow Loved it!

Posted May 10, 2020 By David Haggith

The Dow Jones (DJIA) last week ignored the worst US jobs report in history as if it were of no concern because investors hope the coronavirus crisis is here on a short-term stay. Some argue in the market’s defense that the Dow has already discounted bad jobs reports. I say investors have not even begun […]

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Warren Buffett’s Berkshire Hathaway Bloodbath Should have Brought Monday Market Crash

Posted May 8, 2020 By David Haggith
Mark Hirschey / CC BY-SA (https://creativecommons.org/licenses/by-sa/2.0)

But it didn’t. Many thought, as did I, Warren Buffett likely set up the next leg down in this ongoing stock market crash. At the Berkshire Hathaway 2020 annual meeting, Buffett admitted that even oracles make big mistakes.

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CASHLESS SOCIETY 2020: Bill Gates Goes Viral on Digital ID and Digital Currency

Posted May 6, 2020 By David Haggith
Bill Gates has dollar signs in his eyes as he envisions a cashless society

This may be my most important article to date. Bill Gates went viral in several controversial interviews last month, advocating mandatory digital ID as proof of coronavirus vaccination as soon as a vaccine is available. The proof will be required, if Gates has his way, before anyone is allowed in large public gatherings.

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Coronavirus Unemployment Could Cause Greater Depression, Deadlier than the Disease

Posted May 4, 2020 By David Haggith
Unemployment line during the Great Depression

The longer US unemployment rises due to our response to coronavirus, the greater our depression, whether mental or economic, even to the point of another Great Depression. Suicides increased during the Great Depression. Suicide mortality peaked with unemployment, in the most recessionary years. The great despair of the Great Depression and increased suicide rates were due […]

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Mark Cuban Calls out Elon Musk over Coronavirus Tirade about Tesla Shutdown

Posted May 3, 2020 By David Haggith
Elon Musk Portrait Painting Collage by Danor Shtruzman (https://creativecommons.org/licenses/by-sa/4.0)

Two days ago Elon Musk cussed out the State of California during an earnings call for being “fascist” because of its coronavirus shutdown of Tesla. Now Mark Cuban has called him out for it. Elon Musk Earnings Call Goes Corona Viral The battle began with Elon Musk ranting, The expansion of shelter-in-place, or as we call it, forcibly […]

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