America Versus Russia – 08.29.2016

August 28, 2016

Dmitri Orlov has a spectacular and very sobering view of how things will unfold. Please be sure to listen to this. The U.S. army has “lost” $6.5 trillion. The quasi-“adults” who run the U.S. government have lost control in all areas. There are no words to describe the extent of the calamity which awaits.

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More On The Execrable Main-Stream Media – 08.26.2016

August 25, 2016

A differing view as to why money was introduced. More on plunging real estate prices. The collapse of American journalism. A quick word on GDP. A further example of the treachery of the MSM from the erstwhile flagship of American newspapers, the NYT. The advantages of ‘defensive pessimism’. Discussing ‘Originals”, an engaging book by Adam Grant that develops the “worst-that-can-happen” scenario to protect you from bad surprises. The ‘insurance’ inherent in a second passport. The wrong predictions of ‘Life-After-Brexit’.

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Bricks-And-Mortar Retail Crisis Ramping Up – 08.22.2016

August 21, 2016

Macy’s problems (110 stores closing this year) reflect general industry woes exacerbated by increasing on-line trading led by Millennials. Ancient technology hampering many industries (e.g. airlines) and banks. Retail banks are an anachronism: their work can almost all be done online much more cheaply and efficiently. Self-drive cars to be on the roads by 2021. The dreadful story of the coming collapse of Miami real estate. More on Civil Asset Forfeiture. A new poll shows that 72% of the nation believes that America is falling apart. Quick word on the stock market. Obamacare in grave, dire straits. The Vice-Chairman of the FDIC says that “capital is inadequate for bank resilience”. Millennials near bottom of 22 developed nations in literacy and actually dead last in numeracy. (CBS News survey). Wow!

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Derivatives Waiting To Explode – 08-19-2016

August 18, 2016

My opening piece on derivatives is being made available here to non-donors who will hopefully see fit to… donate and obtain access to the rest of the show(s)!

 

The same cast of characters who brought us the 1998 financial crisis, the 2000/2001 melt down and the 2008 financial disaster are at it again! Just much worse. Derivatives remain unregulated, Fannie Mae and Freddie Mac remain unconstrained and bolstered with your money. The warning signals are all flashing bright red. Background to the coming debt implosion exemplified by the unstable credit cycle. Are you positive or negative, optimistic or pessimistic? Some very surprising conclusions about which is better. Not at all what you may think! More on Fannie Mae and Freddie Mac.

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How The Mainstream Media Went Rogue – 08.15.2016

August 14, 2016

Once viewed as a respected and dependable source of news and opinion, the MSM is now little more than a gossip sheet and a fast-talker’s forum. It is a disgrace. A quick recap of why the Fed is a problem. The crushing burden or rules and regulations is pushing America backwards economically. Yet debt consumption is UP! The Fed, of course, is in on the scam. Huge minimum wage hikes still lead to wage earners losing ground! The median household is no better off than in 1968. Europe unraveling. 81% of Americans are now worse off than a decade ago. Denmark teaches ‘empathy’ as a school subject. It works! Denmark is again the happiest country in the world for the fifth consecutive year. Quick word about the disappearing stock market. Details of Macy’s forthcoming store closures. Very sobering. Globalization. More government loans leads to more inflation. We are in the seventh year of the so-called “Recovery”. You could fool me.

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Wake-Up Call 8-22-16.mp3

August 12, 2016

Macy’s problems (110 stores closing this year) reflect general industry woes exacerbated by increasing on-line trading led by Millennials. Ancient technology hampering many industries (e.g. airlines) and banks. Retail banks are an anachronism: their work can almost all be done online much more cheaply and efficiently. Self-drive cars to be on the roads by 2021. The dreadful story of the coming collapse of Miami real estate. More on Civil Asset Forfeiture. A new poll shows that 72% of the nation believes that America is falling apart. Quick word on the stock market. Obamacare in grave, dire straits. The Vice-Chairman of the FDIC says that “capital is inadequate for bank resilience”. Millennials near bottom of 22 developed nations in literacy and actually dead last in numeracy. (CBS News survey). Wow!

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…And The Gap Grows Wider! – 08.12.2016

August 11, 2016

How the wealthy profited over 29 years from the Greenspan largesse. How the rest of us went backwards… A look at Warren Buffett’s particular piece of luck. Central banks have been robbing Peter to pay Paul. And they are doubling down on their failed efforts. Comment on the monthly jobs statistics from last week, as usual, entirely deceptive. Hong Kong is breaking away from the dreaded FATCA. A word on BITCOIN. Problems for population growth vs. employment. VACATIONS! (How to take them).

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Some Words Of Homegrown Wisdom – 08.08.2016

August 7, 2016

The danger in libertarians’ long-term view of the world and why I do not share it. The Establishment never consults the American public when it comes to issues of war and peace for their understanding and consent. This time, however, economic reality will supersede all other considerations. This is the classic backdrop to the superpower collapse. The horrendous economic triggers are piling up inexorably. China will shortly lead the way down. Karl Denninger’s disgust. American citizens renounce citizenship through ever-increasing numbers. The fate of powerful countries which hide the true state of their finances (France in the 18th century).  Economic roundup. Corporate debt: a follow-up from my previous show where I talked about this (pensions). Learning how to increase your levels of elements which comprise happiness (from Shawn Achor’s book, Happiness Advantage)High housing costs (especially rent) make it impossible to spend more into the economy.

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Fallout From The Fallout – 08.05.2016

August 4, 2016

Warning: Show delivered through a very bad cold and a cough! Book recommendation. Consider what life will be like in a small community that survives the nuclear blast. Politicians circumventing – yet again – laws and investor promises to satisfy political expedience. We are back to 2008! Who would have believed the powers-that-be would have dared to go on doing this? But, hey, if there’s no push-back, who’s to blame them? The government muscling inexorably further into taking over your retirement money. High rents is the reason that consumers have no money left for spending. The statistics are shocking.

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