The Fed Has Just Declared War On Americans… Again!

And now the Fed wants to make us a cashless society! When every dollar is gone, that means no greenbacks for swap meets or garage sales. No tooth fairy or piggy banks. No rainy day savings. No extra quarters for the meter. No giving change to the homeless. No giving dollars to street performers or…

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Central Banks Are Destroying What Was Left Of Free Markets

President Reagan memorably said that the nine words you don’t want to hear are “I’m from the government, and I’m here to help.” Governments in all the major jurisdictions are now making good on that unwanted promise and are taking responsibility for everything from our shoulders. Those receiving subsidies and loan guarantees are no doubt grateful,…

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No Financing And No Demand: Chinese Refiners Run Into Trouble

International banks are suspending credit lines for some independent oil refiners worried about the growing risk of defaults across industries because of the coronavirus epidemic, Reuters reports, citing industry sources… According to the sources, at least three private refiners, or teapots, have had credit lines to the tune of $600 million suspended by banks including French…

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Will The Coronavirus Outbreak Cause A Massive Stock Market Crash?

Could it be possible that this coronavirus outbreak will be the trigger that finally bursts the biggest stock market bubble in U.S. history? As I have discussed previously, stock prices in the United States were the most overvalued that they have ever been during the month of January, and our stock market has never been more…

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Coronavirus Triggers “Biggest Shock” To Oil Markets Since Lehman Crisis

Update: The Telegraph’s Ambrose Evans-Pritchard warned that the collapse in Chinese oil consumption is “the biggest shock to oil markets since the Lehman crisis.”  Evans-Pritchard said the plunge in consumption could be between three to four million barrels per day, adding that this amount is twice UK’s North Sea oil output.  We noted earlier (see below), OPEC+ couldn’t come to…

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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 Finance. That’s a terrifying  322% of its GDP; and a record high. As Axios points out, in times…

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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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