A perfectly predictable thing happened when the Great Oil Price Plunge of 2014 pulled the rug out from Venezuela’s oilconomy: Foreign creditors stopped lending to Venezuela, the debt-saddled government devalued the currency to cover budget deficits, inflation spiraled out of control (entering a death spiral last November), and, perhaps inevitably, the government defaulted on some of its $US bonds. (And all this amidst devastating Read More…
Tag: central banks
Moment Of Truth For The Federal Reserve
For those who believe in the virtue of central bank economic stimulus, the moment of truth has finally arrived. Federal Reserve chairman Janet Yellen announced late last month that the Fed plans to start shrinking its balance sheet for the first time since it expanded from less than $900 billion in 2008 to an unprecedented $4.5 trillion Read More…
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…
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…
Nomi Prins Explains The Central Bankers’ Game Of Thrones
Today James talks to Nomi Prins, author of books like All The Presidents Bankers, about her recent article “The Central Bank Power Shift from West to East, Game of Thrones Style.” We talk about the changing economic and monetary landscape and how the locus of central bank power is shifting to the East, with players Read More…
The House the Rothschilds Built: History of the Rothschild Family
Podcast: Play in new window | Download | EmbedSubscribe: Apple Podcasts | Email | RSS***Please forgive the drop in sound quality, we experienced some technical difficulties, normal sound will continue next week. The episode was quite entertaining so we felt it was worth still releasing. Hope you enjoy.*** “Give me control of a nation’s money Read More…