bank bailouts bank failures Bank of America Ben Bernanke bonds Bush tax cuts capitalism cashless society China coronacrisis deficit spending deregulation Donald Trump economic bubble economic collapse economic crisis economic denial economic news articles economic predictions economic recovery epocalypse euro crisis European Union George W. Bush great depression Greek crisis Hillary Clinton housing bubble housing market collapse hyperinflation immigrant labor Iran nuclear crisis national debt oil prices quantitative easing quantitative tightening Reaganomics recession v depression Russia socialist revolution stock market sustainable economics The Federal Reserve the great recession unemployment
Europeans must have been delighted to discover that one thing is working as well as it has since the start of the Great Recession. Behemoth banks that are failing are still able to pay their Christmas bonuses to their top executives and give nice dividends to their shareholders thanks to Super Mario Draghi.
Nothing is more shameless in a bedazzling sort of way than rich banksters standing on the public curb with their hands out. First, we had the admission this past week by a major French bank that Italian banks are so sick (and so too big to fail) they could cause systemic banking failure throughout Europe if not bailed out […]
Brexit — the second major landslide in the Year of the Epocalypse — has bankers all over the world scrambling to pick up and prop up their crumbled facades this week. This is one more jolt in the developing global economic collapse that I predicted for 2016.
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 […]
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
The developing Epocalypse will become the super-volcano of economic history, and this week revealed cracks in the surface that give hints of the eruption to come. It was a week of crumbling throughout global stock markets that has challenged records. Thursday, Hong Kong stocks suffered their worst start of a Chinese New Year since 1994 in […]
European leaders dawdle as if they have all the time in the world to solve their credit crisis. Their minds are so fixed around power and control that they do not understand they are not the ones in control of when the euro crisis will spin out of control: European leaders on Saturday called “incomprehensible” Standard […]
European leaders pressed the case that a new fiscal accord will deliver the region from its two-year debt crisis, as Germany’s top central banker cooled speculation the European Central Bank will extend its role. (Bloomberg) Europe, again, does too little, too late. The markets may dance a little to the news, but whatever lift the […]
The London-based Telegraph today reports a German memo that sets out major expansion plans for centralized EU powers in Brussels over individual European nations. “An intrusive European body with the power to take over the economies of struggling nations should be set up to tackle the eurozone crisis, according to a leaked German government document.” […]