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» Dollar Collapse

  • They’re Lying To Us, Part IV: Fake Pensions
    By on July 22, 2014 | No Comments  Comments
    Most people learn by the age of 10 or so that making promises is easier than keeping them. That’s why really big promises like corporate pensions and national retirement/health care programs are so easy to screw up. Offering someone a cushy retirement or a lifetime of healthcare feels great and ge...
  • They’re Lying to Us, Part III: The Fake Stock Marke...
    By on July 14, 2014 | No Comments  Comments
    For the average person trying to decide how to feel about the economy, the single biggest data point is the stock market. When share prices are rising, the implicit message is that finance professionals — who, after all, dedicate their lives to understanding such things and should therefore know w...
  • Debt Makes You Dumb, Part II: Borrowing Just To Get B...
    By on July 7, 2014 | No Comments  Comments
    As incomes stagnate and prices rise, a growing number of Americans face a tough choice: either descend a couple of rungs on the lifestyle ladder or borrow to keep it together. Many are apparently choosing door number two. From MarketWatch: Americans are getting into debt to afford food, gas Nowhere...
  • They’re Lying To Us, Part II: GDP
    By on July 2, 2014 | No Comments  Comments
    Today the US took its next-to-last stab at calculating First Quarter GDP, and the downward revision was impressive even by recent standards. It now appears that the economy, well, here’s how Bloomberg puts it: U.S. Economy Shrank in First Quarter by Most in Five Years The U.S. economy contracted ...
  • Gold Bugs’ Hearts Are Beating Faster
    By on June 27, 2014 | No Comments  Comments
    Last Thursday was the kind of day that precious metals investors have been waiting (and waiting and waiting) for. Gold and silver popped 3.5% and 4.8% respectively and the junior miners, which have been universally unloved lately, took off. Some more-or-less random examples: One day does not of cou...
  • They’re Lying To Us, Part I: Unemployment
    By on June 20, 2014 | No Comments  Comments
    One of the frustrating things about the monthly US jobs report is the way everyone focuses on the wrong number. The headline says “unemployment falls…” which sounds great, while the small print, which almost no one seems to read, explains that most of the improvement is due to people dropping ...
  • The Bubble Is Back
    By on June 11, 2014 | No Comments  Comments
    For all those analysts (including this one) who thought the debt binge of the previous decade marked end of the Age of Leverage, well, not so fast. It turns out that memories are short and government printing presses are powerful, and this combination has turned the “Great Deleveraging” into a m...
  • Is THIS The End For Stocks?
    By on June 3, 2014 | No Comments  Comments
    Eventually, every finance geek learns that calling market tops — at least publicly — is so hard that it’s not worth the reputation risk. This is especially true in an era of pervasive government manipulation, where price distortions can persist for far longer than any kind of rational analysis...
  • US GDP Even Worse Than It Looks, Again
    By on June 2, 2014 | No Comments  Comments
    As expected, the US revised the most recent quarter’s GDP from barely positive to sharply negative last week. But once again the true extent of the problem was hidden by some statistical sleight of hand, in this case wildly-optimistic inflation assumptions. Here’s an excerpt from the Consumer Me...
  • The Political Earthquake In Europe
    By on May 29, 2014 | No Comments  Comments
    One of the last remaining impediments to total global domination by the banks and their politicians is the quaint tradition of popular elections. Every so often the powers that be are required to see if the 99% want them to remain in charge. Obviously since the global financial system is still intac...
  • Fractional-Reserve Banking: From Goldsmiths To Hedge ...
    By on May 23, 2014 | No Comments  Comments
    From Chapter 15 of The Money Bubble, by James Turk and John Rubino: Banking didn’t start out as a reckless, parasitical plaything of a moneyed and politically-connected aristocracy. In the beginning, in fact, bankers weren’t even bankers. They were jewelers and goldsmiths who had to maintain th...
  • Amazingly Deceptive Headlines: Part I
    By on May 20, 2014 | No Comments  Comments
    Reporters and their editors (and the corporations that employ them) have the power to shape readers’ perceptions by, for instance, choosing what fact to put first in a story or which expert to quote in what context. But the most powerful tool is the simplest: the headline. Because many people read...

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