Why Einstein Would Sack the Bankers
r current system of money has been disproven many times over. It’s only a matter of time before people realise it must change.
Macroeconomics: Global Central Banks News & Highlights
Food Fight!
The Fed has only one real tool — liquidity (cash or credit) — and only one real decision to make: add to it or subtract from it. Either pour some more liquor into the punchbowl or take the punchbowl away.
Inflate or Die
Wages are said to be going up at a 5% annual rate. Prices are rising at a 9% rate. That leaves a 4% gap — the rate at which real incomes are falling.
When Fake Wealth Disappears
Jobs. And houses. Houses and jobs. Those are the two pillars of US middle class living standards. Jobs provide income. Houses are assets that can be readily sold. But it looks to us like the housing pillar is beginning to crack.
There Is No Avoiding an Historic Bust
The widespread instability now embedded within the system, guarantees a man-made seismic shock in financial markets — far worse than 2008 — is in our future.
Scorched Earth Policies
The local news is just one shooting report after another. The mayor is on the defensive…he looks overwhelmed…out of his depth…like he just got cut from a high school basketball team.
