You Can Profit From the Global Financial Crisis... If You're Prepared
While it is playing out in slow motion, the demise of Ponzi finance continues. I never imagined that the extend and pretend, delay and “prey”, smoke and mirrors efforts of central banks around the world would have worked into mid-2012. I have learned a lesson. I do not know when the true financial collapse will [...]
Exactly 40 years ago today, on August 15th 1971, the US dollar was released from the cruel tethers of an international gold standard. Today, we find notable monetary authorities seeking its return. In the middle of a lengthy ~2,500 word speech in which Nixon sought to stabilize prices by implementing price controls and stabilize foreign [...]
The beginning of the end for the United States economy started with the inception of the Federal Reserve, the United States Central Bank, some 98 years ago. The Fed as it’s called, is a private bank, separate from (and presumably not under the control of) the federal government. The Federal Reserve has the power to [...]
Most experts would agree that the biggest threat to the Chinese economy is a real estate bubble. Arguably, China has a massive housing and overbuilding bubble as can be seen on the chart below, … [Read More...]
The short version of the Long Wave story is that human beings are emotional creatures with limited memories. For as long as there have been markets we have been traversing the same sequence of … [Read More...]
Mainstream economists have filled the minds of most Americans with economic myths that are constantly reinforced by the media and repeated on the streets. These myths are erroneous at best, … [Read More...]