This Is a Financial Extinction Event

This Is a Financial Extinction Event

Jul 16, 2020 | Economic Collapse

The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed. Though under pressure from climate change, the dinosaurs were still dominant 65 million years ago–until the meteor struck, creating a global...
What Happens When The Pandemic Ends?

What Happens When The Pandemic Ends?

Apr 14, 2020 | Economic Collapse

What happens when the pandemic is over and we try to resurrect something like normal life? The answer is that we run head-on into the one crisis that was… Let’s assume that by the end of this year a combination of social distancing and some new and effective...
Trump’s Budget: More Warfare, Slightly Less Welfare

Trump’s Budget: More Warfare, Slightly Less Welfare

Feb 17, 2020 | Politics

Listening to the howls from Democrats and the applause from Republicans, one would think President Trump’s proposed fiscal year 2021 budget is a radical assault on the welfare state. The truth is the budget contains some minor spending cuts, most of which are not even...
A Fearful Fed Keeps Pouring Money into the Repo Market

A Fearful Fed Keeps Pouring Money into the Repo Market

Jan 13, 2020 | News

The Fed announced on Thursday it is adding another $83 billion in “in temporary liquidity to financial markets.” And, in a development that will surprise no cynic anywhere, the Fed also noted that it “may keep adding temporary money to markets for longer...