The deep corruption at the heart of all government accounting. Student debt (from last week – ran out of time!) Henry (‘Hank’) Paulson, the world’s greatest hypocrite… More corruption, this time from the Department of Transportation. Injustice at Heathrow Airport. Britain turns away from its friends and embraces its erstwhile enemies. Canada welcomes Americans, especially to Cape Breton. The retarded Federal Reserve refuses to discard its models that don’t work: an example of their stupidity. ECB policies to create inflation don’t work. Neither do Japan’s. Ways in which work can make you sick. More on the TPP. How Russians view America. Companies’ misrepresentation of earnings. New home sales figures: a disaster.
The coming melt-down: how deep? How long? The death of the U.S. economy through off-shoring. The ugly details. Who gained? Who lost? Freedom is not free. Government simply takes over. The death of “free checking”. Below-zero interest rates: utterly absurd. Ben Bernanke’s new book: The Courage To Act. Sub-prime auto loans have started to implode, just as predicted here! More on this year’s Wake-Up Call theme: getting your money out of the country. Student debt is now demonstrably out-of-control. How work can make you sick. How the TPP (Trans-Pacific Partnership) places large corporations on an equal footing with nation-states themselves.
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Why did America definitively die economically during the 1970s? Global trade is skidding south at a breath-taking speed. Plenty of statistics show and support this contention. ZIRP/NIRP are simply adding to problems that only a full-scale collapse can solve. Watching this all unfold. Wanted: more accurate forecasting. Therapy for sensitive university students. The agony of pension cuts. How we can know for sure that we are in a bear market in stocks. The “proof”. The toxic nature of ‘wishful thinking’. The usual dross about the current employment numbers from the Labor Department rumbled. The fate of retired Fed bankers.
What it takes (or doesn’t take) to run a company. The dreadful nonsense of Lord Keynes whose arrogance and certainty has in recent decades been overwhelmingly responsible for the policies adopted by governments everywhere and which has brought the world to its knees. Time to set the record straight. New Fed boss wants to break up America’s biggest banks. More on the need to withdraw funds from financial institutions. Driverless trucks and their effect on unemployment. More dismal manufacturing reports. Americans are less financially secure now than they were in 2000. The problems of financing retirement.
Chinese millennials compared with those of the rest of the world. A new book examines the fundamentals surrounding this demographic. The fate of banks worldwide hangs on a very thin thread. The makings of trouble extend back decades. Bank runs are an imminent threat that morons such as Mario Draghi (head of the ECB) can do nothing to prevent. The Chicago public school system: broke! ‘QE’ (quantitative easing or money printing) no longer fools anyone. More on the subject of bonds, the catalyst that will break the worldwide economy. More on the nonsense of ‘recovery’. Now they want to do away with cash! (What next?) US military spending to be quadrupled! (Are you getting the message, my faithful listeners?) Another ‘Great Depression’, the ‘Long Depression’ of 1873 which nobody ever talks about.
Credit card debt: America’s national addiction. Habits have not changed in fifteen years. Investors having their heads handed to them for the third time in fifteen years. They have probably learned their lesson this time. The market will probably not make new highs again in the lifetimes of most of us. The devastation is set to be massive and terminal. Yet most people still refuse to acknowledge what is taking place. The world economy is trapped in a death spiral. The plunge in restaurant activity. Existing home sales. Truck orders collapse.
An ancient-and-modern story about debt. Suicides soaring, as predicted here. Why do we still need retail banking? How World War III may come about.
The Madoff scandal is back with a movie and a TV miniseries. Madoff described his crime as “a Ponzi scheme within a Ponzi scheme” (referring, of course, to what governments are doing worldwide: printing money to replace losses). Their representatives don’t go to jail for 150 years each, though, do they? The end of New Year’s resolutions and the resumption of all the old habits: the first Thursday of February. Amazon. Brief comment on the latest unemployment figures. Evidence of the current recession (depression). Negative interest rates: the last, desperate act of governments. Restaurant activity plunges.
How the national debt has metastasized over the last few decades. Comparing the world today to before the global financial crisis eight years ago. Consumers rediscover the miraculous concept of the home ATM. The skyscraper construction market sell signal. Hedge funds melting down. The future of jobs. U.S. treasuries: the ultimate store of value. Another wave of store closings. The Japanese demographic bust. Clearly QE has not worked. A few words about why. Financial and/or economic collapse doesn’t just come ‘out of the blue’. How King Charles I dealt with debt in the 17th century.