A Date and Time for “Financial Armageddon?”

A Date and Time for “Financial Armageddon?”

Pete H. — a reader — gives us a good, round piece of his mind: I have read your emails and joined some of your services over the last 10 or more years.I have put up with your ramblings about the financial world coming to an end pretty much over that same time.Here is...
Presently In A Staggering Bail-Out Of The Banking System

Presently In A Staggering Bail-Out Of The Banking System

Dear Reader, “Journalism is about covering important stories,” said one scalawag. “With a pillow.” A staggering bailout of the banking system presently proceeds apace. The mainstream financial press has seized a bed pillow, placed it over this important story… and...
A Major US Recession Warning Alarm Is Sounding

A Major US Recession Warning Alarm Is Sounding

Along with weathering the coming US recession, are you prepared for a 32% trouncing in the stock market? Red, red, in every direction we turn today… red. The Dow Jones shed 800 scarlet points on the day. Percentage wise, both S&P and Nasdaq took similar whalings....

Why the Economy Won’t Recover

We have spent the past two days contemplating the nature of money… and the international monetary system. We hypothesized that there is no actual money in monetary policy. And that central banks are helpless giants, tissue paper tigers, all mush and milk. We even...