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» Dollar Collapse

  • Why Isn’t Housing A Bubble?
    By on September 30, 2014 | No Comments  Comments
    In his book The Postcatastrophe Economy, iTulip’s Eric Janszen notes that financial bubbles don’t repeat. That is, yesterday’s bubble is never tomorrow’s because hot money likes to chase the next big thing, not the last big thing. Which explains how US equities, government bonds, fine art, a...
  • The Depression, World War II, And What They Really Me...
    By on September 21, 2014 | No Comments  Comments
    Nearly a century after the fact, the Great Depression remains THE object lesson for virtually every branch of economics. To monetarists the fact that the US money supply fell by nearly a third in the 1930s illustrates the need for a central bank to maintain steady money growth. To Keynesians the Dep...
  • Full Frontal Inflation
    By on September 17, 2014 | No Comments  Comments
    By now it’s an article of faith within the sound money community that most major countries have borrowed so much that they’re left with only two options: default on their debt through mass-bankruptcy and a new Great Depression, or inflate it away through stepped-up currency creation. This is an ...
  • Real Interest Rates and Future Chaos
    By on September 15, 2014 | No Comments  Comments
    The folks at Gresham’s Law just published a nifty interactive chart of real (i.e., inflation-adjusted) interest rates since the 1960s that explains a lot about today’s world. To make sense of this, let’s start with a a little background: Interest rates are the rental cost of money, but to f...
  • A World Without Fractional Reserve Banks and Central ...
    By on August 29, 2014 | No Comments  Comments
    Excerpted From The Money Bubble: What To Do Before It Pops by James Turk and John Rubino: In a very real sense, it is fractional reserve banking and not money itself that is the root of so many of today’s evils. Whenever fractional reserves are permitted, the banking system – including the one t...
  • Europe Is Tanking, QE Is Coming
    By on August 20, 2014 | No Comments  Comments
    Last year the world kind of forgot about Europe. After ECB head Mario Draghi vowed to “do whatever it takes” to get the Continent growing, the markets calmed down, money got cheap and plentiful and functionally-bankrupt countries like Greece, Italy and Spain stopped making scary headlines. To th...
  • Variable-Rate World, Part IV: Japanese Home Buyers Up...
    By on August 20, 2014 | No Comments  Comments
    Everyone knows that Japan deeply is in debt and one way or another is going to suffer for it. But for those who thought the story couldn’t get any worse, well, the creativity of the financial repressors never ceases to amaze. It turns out that, in addition to a government that borrows way too much...
  • They’re Lying To Us, Part V: Fake Credit Scores
    By on August 19, 2014 | No Comments  Comments
    Like any other weak-willed entity, an over-indebted country eventually finds that formerly-easy things get harder to do. Today, for instance, banks are having trouble attracting customers with the kinds of credit scores that meet previously-set criteria for mortgages and car loans. As a result they...
  • The Most-Anticipated Stock Market Crash
    By on August 11, 2014 | No Comments  Comments
    US equities have been going up for so long that most investors — especially those who were only recently enticed into the casino by the apparently easy money on offer — have trouble remembering the last time it was possible to lose big in stocks. Along the way, a whole slew of indices and indic...
  • A Horrible Thought
    By on August 5, 2014 | No Comments  Comments
    Glenn Greenwald’s No Place To Hide chronicles his work with Edward Snowden to bring the US government’s global surveillance network to light. It’s a chilling book for a variety of reasons, including the following: The secret court that was set up to vet government requests for phone taps ...
  • Record Stocks Levels: And That’s a Good Thing?
    By on August 1, 2014 | No Comments  Comments
    The past year has seen a long list of “XYZ is at its highest level since XXX” announcements. Some notable examples: NASDAQ tech stocks are back to 1999 levels The number of initial public offereings, including companies with no earnings, is back to 1999 levels Junk bond yields are even lower tha...
  • Happy Markets In An Unhappy World!
    By on July 29, 2014 | No Comments  Comments
    The old Dickens quote “It was the best of times, it was the worst of times” is pretty much always applicable to a world as big and complex as this one. But lately, as the disparity between financial markets (best of times) and geopolitics (worst) has grown to almost comical proportions, Dickens ...

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