…And Now For The Bad News In the late 1760s and early 1770s, the government of France was in a deep panic. They had recently suffered a disastrous and costly defeat in the Seven Years War, and the national budget was a complete mess. France had spent most of the previous century as the world’s Read More…
Finance
The Trump Collapse Scapegoat Narrative Has Now Been Launched
Last week was a rather crazy one for the news feeds, with cyber attacks and “Comey memos” and a host of other wild mayhem, it may have been difficult for many people to keep track of it all. That said, there was one event that I think went partly under the radar, and I think Read More…
While You Weren’t Looking the Globalists Just Passed A MAJOR Trade Deal
You remember the SPP, don’t you? The attempt to create a North American Union by harmonizing the border controls, environmental and business regulations, and security forces of Canada, the US and Mexico? Of course you do, because sites like The Corbett Report caught wind of it, publicized its secret meetings, and organized widespread resistance to Read More…
Puerto Rico Just Became the First U.S. Territory to Declare Bankruptcy
Puerto Rico — For the first time in American history, a territory claimed by the United States is filing for what is essentially bankruptcy. On Wednesday, the New York Times reported that Puerto Rico, which the U.S. appropriated following the Spanish-American War, has just claimed in a New York federal court filing that due to its Read More…
Economic Reality: Bottom 50% Of Americans No Longer Matter
The Fed likes to brag about the “We saved the world” recovery. However, the unfortunate truth of the matter is a record Half of American Families Live Paycheck to Paycheck. Does it Matter? Let’s investigate. Unprepared for Nearly Anything 50% are woefully unprepared for a financial emergency. Nearly 1 in 5 (19%) Americans have nothing set Read More…
Hedge Fund CIO: What Central Banks Have Done Is “Stunning, Unprecedented”
We start a quiet Sunday with a big picture anecdote from Eric Peters’ latest weekend note explaining why what central banks are trying to do is impossible, why the trend of inflation over the past 70 years is “stunning and unprecedented” and why “volatility suppression” always eventually fails. “Anecdote”, by Eric Peters of One River Read More…