Telegraph: Economic Doomsday Is Here

The inevitable collapse of China is finally happening and with it comes economic doomsday — but we should welcome it. The Telegraph has an excellent account of what is happening in the world economy: “Doomsday clock for global market crash strikes one minute to midnight as central banks lose control.” Here is a video that illustrates the report: The article begins with an obvious whitewash: When the banking crisis crippled global markets seven years ago, central bankers stepped Read more […]

Our Fiscal Gap Is Large Enough to Swallow Us

We have been warned yet again about the fiscal gap that is widening every second as this country continues to borrow and promise. You’ve been reading about the financial crisis in Greece. Get it clear: the United States is very likely in worse shape than Greece. Leaders will extend and pretend as long as they can, but once reality sets in… history says the speed of the financial collapse will catch almost everyone by surprise. I posted about this based on reporting from CNS News, but Read more […]

The Collapse of Greece Might Bring Collapse to Us

The Collapse of Greece threatens to bring ruin to our banks, which will then be bailed out by our government at our expense. Why is the current debate over the future of Greece important to you? Yes, you, on Main Street, USA. This short article provides answers—read it. The brilliant Charles Hugh Smith is the author: “The Catastrophic Costs of Extend-and-Pretend Are about to Crush Europe.” Like a star which has expanded and now cannot maintain its grand state, Europe’s extend-and-pretend Read more […]

Banks Gambling with Our Lives Again

Once again we find banks gambling—taking risks at the expense of the public. Because 2008-09 was so much fun… let’s do it, again!! Hey, aren’t you glad John Boehner and his buddies passed that $1.1-trillion spending bill, which also reportedly included a gift to the biggest banks, allowing them to place their riskiest financial casino bets under the protection of government guarantees? Now, they’re back to their old tricks in the lending game, too, because they’ve learned all so Read more […]

The Rich Are Buying Gold; What Do They Know?

I was a bit surprised to hear that the rich are buying gold because the metal has stayed away from the highs it briefly reached in 2011 and 2012. Nevertheless, it is true: the wealthy have been gun buying up gold bars. As the Telegraph reports, “Super-rich rush to buy ‘Italian Job’ style gold bars.” The super-rich are looking to protect their wealth through buying record numbers of “Italian job” style gold bars, according to bullion experts. The number of 12.5kg gold bars being bought Read more […]

Financial Collapse? JPMorgan Wants to Scapegoat Russia

While seeing our financial elite try to scapegoat Russia, I recall a movie about forced honesty. Remember the 1997 Jim Carrey movie “Liar, Liar,” where an attorney was “cursed” with the inability to lie for an entire day? I wish we could see the same thing in the actual halls of finance and political power for at least 24 hours—I bet if we could do it for a week we’d have massive popular revolutions all over the globe. Speaking of global conflagrations, here is a JPMorgan prediction about Read more […]