As US troops surround the Lincoln Memorial to protect it from vandals, one is reminded of the Civil War, over which this guarded stone president once presided. Those desecrating US memorials to leaders who helped Blacks in American society may be nothing more than rioting opportunists during the George Floyd protests. They may have nothing […]
Even the police are breaking the longstanding blue wall of silence. Because of one vigilant citizen, these cops may go to prison: I hope they do. I find it heartbreaking to see people so hated because of their color that officials can kill them in broad daylight as if they are just a bug on […]
![Zombie economists bring on US 2016 recession. (Photo by Charlie Llewellin (Flickr: Occupy Austin) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons)](https://thegreatrecession.info/blog/wp-content/uploads/Zombie-Epocalypse-Brains-Needed-100x150.jpg)
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.
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 […]
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.
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.
There is no excerpt because this is a protected post.
![By Agnico-Eagle (Agnico-Eagle Mines Limited) [CC0], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/Gold_Bars-150x96.jpg)
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.
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.
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 […]
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.
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.
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 […]
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 […]
