DB’s Jim Reid lays out the "endgame" scenario, one which this website first said is inevitable back in 2009. With Citi and Macquarie already on board, expect what was once merely the figment of a "deranged tinfoil conspiracy-theory blog’s" imagination, to become global monetary policy. And yes, the real endgame is the one we have… Read More »
The War on Cash is now going into hyper-drive. In the last 24 months, Canada, Cyprus, New Zealand, the US, the UK, and now Germany have all implemented legislation that would allow them to first FREEZE and then SEIZE bank assets during the next crisis. These moves will be sold as “for the public’s good,  Read More »
Did union workers simply get their ‘Just Desserts’ for backing Hostess into a corner with too many unreasonable demands? Consider the evidence. Union workers have now completed their mission. 18,500 jobs are gone forever. The national labor bosses stood firm. Labor leaders are proud they stood up to those nasty ‘suits’ [see Entourage for definition]… Read More »
Watching pompous politicians, egotistical economists, arrogant investment geniuses, clueless media pundits, and self- proclaimed experts on the Great Depression predict an economic recovery and a return to normalcy would be amusing if it wasn’t so pathetic. Their lack of historical perspective does a huge disservice to the American people, as their failure to grasp the… Read More »
Something major is occuring in the markets today. The US economy peaked in 2007. However, throughout much of 2008, the stock market continued to rally despite the economic collapse as well as the financial system imploding. Throughout this period the credit markets jammed up and implied something VERY BAD was in the system. However, stock… Read More »