TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
“Fortress balance sheets?”… “It’s different this time”… “Greatest economy ever.” If all of that is true, then why are the stocks of the most systemically important banks in the world collapsing? And the banking collapse is leading global stocks lower – probably not coincidentally as global central bank balance sheets contract… As The Economic Collapse blog’s Read More…
For the last century, the purchasing power of all national currencies has dwindled and diminished. In fact, the USD, which is considered the most stable form of fiat cash, is down 96% in 104 years. Rick, my research partner, and I are both hoarding precious metals in vault storage. We don’t expect to become wealthier Read More…
The financial end of the world, an economic apocalypse, is here. A funny thing happened on the road to recovery: Trump’s chief strategist admitted his view of the Trumpian future looks like the Great Depression. Even the world’s largest bank just said global financial default is the preferable way out and most likely way out of the Great Recession Read More…
Berlin, Germany – The most prominent bank in Germany is at risk of failure, with potentially profound effects for the EU, the United States and likely the rest of the world. Deutsche Bank shares have fallen sharply on the news that German Chancellor Angela Merkel won’t bail-out the struggling bank, with shares falling by as Read More…
Do you remember the subprime mortgage meltdown from the last financial crisis? Well, this time around we are facing a subprime auto loan meltdown. In recent years, auto lenders have become more and more aggressive, and they have been increasingly willing to lend money to people who should not be borrowing money to buy a Read More…
As we at The Last American Vagabond have covered many times, the stock market is extremely overvalued, incredibly risky, and could crash at anytime. Most people have seen The Big Short and think that 2008 was an isolated incident, yet have no idea that the current economic standing of the world is in a very similar position. Read More…