We have repeatedly been told that the U.S. economy is “booming”, but meanwhile the middle class in the United States continues to be hollowed out. The financial bubbles that the Federal Reserve has created have […]
If the economy is doing just fine, then why is homelessness at levels not seen “since the Great Depression” in major cities all over the country? If the U.S. economy was actually in good shape, […]
Barack Obama is about to become the 20 trillion dollar man. With less than two months to go in his second term, the U.S. national debt stands less than 150 billion dollars away from the […]
The Dow closed above 18,000 on Monday for the first time since July. Isn’t that great news? I truly wish that it was. If the Dow actually reflected economic reality, I could stop writing about […]
Did you know that there are more than 1.8 trillion dollars worth of junk bonds outstanding in the United States alone? With interest rates at record lows all over the world in recent years, investors that were starving for a decent return poured hundreds of billions of dollars into high yield debt (also known as junk bonds).
Last time around it was subprime mortgages, but this time it is oil that is playing a starring role in a global financial crisis. Since the start of 2015, 42 North American oil companies have filed […]
[photo caption/credit: Heavyweight Champ Joe Louis “You Can Run, But You Can’t Hide” (courtesy Google Images)] Before declaring bankruptcy in 2008, Lehman Brothers was the fourth-largest investment bank in the US. It’s bankruptcy nearly toppled […]
[Photo caption/credits: Inflation or Deflation? (courtesy Google Images)] “timmy” is one of this blog’s regular readers. He recently posted the following comment on one of my previous blog entries: “I’ve been hearing about the demise of […]
[Photo caption/credit: South Korean Flag courtesy Google Images] I published Part I of this article (IMF Colonized Korea—Part 1 (the “Agreement”)) two weeks ago. Here’s Part II–the “Evidence” supporting my contention that the IMF colonized […]
I first wrote and published most the following article in A.D. 1998. It’s too long to be presented as a single article in this forum, so I’ve divided it up into “Part I—Description” and “Part […]
[Image caption/credit: Sovereign Debt Crisis (courtesy Google Images) This article is conjectural. The conjecture flows from the idea that a monetary system that’s based on debt (mere promises to repay) rather than on assets (actual […]
[Image credit: (courtesy Google Images)] If asked why I write and publish articles, most people would probably guess that I want to “teach” whatever it is that I know (or think I know). They’d be […]
[Image credit: (courtesy Google Images)] If asked why I write and publish articles, most people would probably guess that I want to “teach” whatever it is that I know (or think I know). They’d be […]
There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any […]
[Caption/Credit for above photo: Zorba the Debtor (courtesy Google Images)] Since the Syriza political party won control of Greece last January, I’ve had a lot of respect for the Greek people and the new Greek government. […]
