The Greatest Depression Just Began. This is no Drill
Exactly a month ago I warned that the Corona Virus outbreak was going to pop the “Everything Bubble.” I did something fairly subtle. I buried my main message under a whole heap of cow manure. It doesn’t make a rat’s ass if I was right or wrong about calling for a...
Who Bought The $1.3 Trillion In Debt The US Government Added In 2019?
Treasury securities are hot. The Fed backed up the truck. US banks & others bought too. But China dumped… The US Gross National Debt spiked by $1.3 trillion over the past 12 months, to $23.3 trillion. These days, trillions fly by so fast it’s hard to see...
Paul Craig Roberts: Remarks On The US/China “Trade Deal”
The first thing to understand is that it is not a trade deal. It is Trump backing off his tariffs when he discovered that the tarrifs fall on US goods and American consumers, not on China. Trump is covering his retraction by calling it a trade...
The Decade of Debt – Peter Schiff
Reuters has dubbed the 2010s the “decade of debt.” The Reuters report focused on the ballooning levels of corporate debt, but consumer and government indebtedness has skyrocketed over the last 10 years as well. This massive debt bubble poses a...
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