TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
The largest asset bubble in the history of our planet is approaching the end of its lifespan, but that’s just the opening act. This time is different. Few imagined how far the Fed would go to reinflate the economy in the wake of the 2009 crisis. It started with TARP, then “quantitative easing” QE1, QE2, Read More…
“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…
The middle class in America has been declining for decades, and we continue to get even more evidence of the catastrophic damage that has already been done. According to the Social Security Administration, the median yearly wage in the United States is just $30,533 at this point. That means 50 percent of all American workers make Read More…
In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal Read More…
“Abandon all hope ye who enter here.” That, famously, is the inscription above the gates of hell in Dante’s Inferno, and, if Uncle Sam gets his way, it will be the first thing that comes to mind for any company seeking to skirt the sanctions on Iran that are snapping back into place in the coming Read More…
As the financial world is in a near constant state of chaos of late, from the stock market and cryptocurrency markets to trade wars and the slowly dying petrodollar, it is becoming clear that some massive changes are on the horizon. Whether they will ultimately be good or bad for the average investor is unclear, Read More…