2/13/24: Jamie Dimon’s Statement Last Month that Trump “Was Kind of Right About NATO,” Sounds Even More Unhinged Today
By Pam Martens and Russ Martens: Jamie Dimon Being Sworn In at House Financial Services Committee Hearing, May 27, 2021 On January 17 of this year, during a CNBC interview during the World Economic Forum in Davos, the Chairman and CEO of…
Watchman Expects Many Bank Failures: Accredited Weiss Research Predicts That 5,274 U.S. Banks Will Fail
BanksterCrime: “The underlying financial weaknesses in the U.S. banking industry are widespread, and the FDIC’s newly expanded guarantee of all deposits does nothing to protect shareholders in bank holding companies, who could still lose most or all of their money,”…
Snyder: It’s Much Worse Than You Are Being Told
For a long time I warned that our economic bubble would burst and that we would plunge into a nightmarish economic collapse. Now it has happened, and it turns out that fear of COVID-19 was the “black swan event” that triggered…
Coronavirus And The “Unsinkable” Titanic Analogy
Unthinkable doesn’t mean unsinkable. As we all know, the “unsinkable” Titanic suffered a glancing collision with an iceberg on the night of April 14, 1912. A half-hour after the iceberg had opened six of the ship’s 16 watertight compartments, it was…
STAGGERING GLOBAL DEBT OF $253 TRILLION IS A DISASTER WAITING TO HAPPEN
Global debt has reached a staggering $253 trillion. This is a disaster waiting to happen, as the world’s total debt surged by some $9 trillion in the first three quarters of 2019, according to data from the Institute of International…
Making A Fortune: 19 Million Public Employees Across America Cost Taxpayers Nearly $1 Trillion
For the first time in history, 19 million public employee salaries at every level of government across America have been mapped and posted online. The work of our auditors at OpenTheBooks.com tells a compelling story: Public service is supposed to be…
Wall Street Analyst Jobs Vanish As Banks Take An Axe To Research With Market At Record Highs
Is the death of Wall Street equity research finally at hand? Because who needs an expensive team of analysts when clients can easily reap double-digit returns by dumping their money into passive funds? The fact that sell-side research departments have been…
Schiff On ‘The Bubble’: “It’s Only A Matter Of Time Before The Whole Thing Implodes”
Vioa SchiffGold.com, Everybody knows that the 2008 financial crisis was caused by “deregulation” and “greed,” right? Except that it wasn’t. A film titled The Bubble offers a non-partisan, critical examination of the policies and events that led to the biggest crash since World…
Will Modern Monetary Theory Blow Up The Dollar?
“As long as the government can print money, we’ll never be broke.” That’s the idea behind modern monetary theory (MMT) in a nutshell. Naturally, many of the nuts in Washington are starting to get behind this unhinged notion. That includes members of…
It’s D-Day For The Repo Market: On Monday $100 Billion In Liquidity Will Be Drained – What Happens Next?
Last week’s apocalyptic report by repo market guru Zoltan Pozsar, which for those who missed it predicted that an imminent market crash and loss of control of overnight rates by the Fed would spark nothing short of QE4, sparked an unprecedented panic…