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 the collapse.  The ironic thing is that COVID-19 is not even close to the worst thing…

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Nine States Headed For Recession In Six-Months, Most Since Financial Crisis

President Trump’s core campaign promise was to “Make America Great Again,” through a revival of the manufacturing complex via launching a trade war against China and debt-fueled tax cuts for corporations. Most of the recovery, well, it was a sugar high, that by the time late 2018 rolled around, economic growth rates started to reverse.  Manufacturing…

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Deplorables Versus The Ruling Class: A Global Struggle

Consider the age of monarchs.  Squabbling barons select a supreme ruler – a king or an emperor — to suppress the squabbling.  Peace and prosperity return to the land.  The king makes policy but he can’t do everything.  His minions take care of the details.  Minions mean bureaucracy.   The bureaucracy grows.  The king grows old and dies. …

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Truth and Consequences

How can one write about the underlying truth of the economy in a nation where the majority of people do not care about truth? Disregard of truth has become so extreme in the US that we have exceeded the peculiarity of calling a man a woman if he wants to change his body parts, even…

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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 Congress such as Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Democratic presidential candidate Sen. Elizabeth Warren (D-Mass.). An Economic Absurdity…

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Krieger: “It’s A Systemic Looting On A Massive Scale”

The United States has historically bragged about its free and transparent markets. But what the Fed is doing today is pulling a dark curtain around the financing of this so-called free and transparent market. The public has no idea which Wall Street firms have received this $3 trillion or why they can’t borrow it elsewhere.…

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Three Men Arrested In NJ For Running Alleged $722 Million Crypto Ponzi Scheme

United States authorities in New Jersey have announced the arrest of three men who are accused of defrauding investors of over $722 million as part of the alleged crypto Ponzi scheme BitClub Network, per a Dec. 10 announcement from the Department of Justice. The accusations against BitClub Network According to the press release, BitClub Network promised massive…

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