Tag Archives: Credit

Krugman is a Con Man

By | July 5, 2021

Written by Peter Diekmeyer (CLICK FOR ORIGINAL) Gold’s biggest enemy is a brilliant Nobel Prize winning economist, university professor and columnist for the New York Times. Sadly, he is also a con man.  Last week Paul Krugman wrote a column for the New York Times in which he called Republican Paul Ryan, a “con man.”… Read More »

Europe Is About to Implode

By | July 5, 2021

I’ve warned time and again that the EU would collapse in May-June. That collapse is here right on schedule. And NO ONE will be able to stop it. Here’s why: 1) According to the IMF, European banks as a whole are leveraged at 26 to 1 (this data point is based on reported loans… the… Read More »

The inimitable Kyle Bass

By | July 5, 2021

Here’s a December 2011 snapshot from the inimitable Kyle Bass http://watch.bnn.ca/the-street/december-2011/the-street-december-13-2011/#clip584882 (sorry no embed for that one) Here’s another treat. Must watch for everyone who enjoys not being lied to. Unlike all other cheap talking heads, and know-nothing pundits who merely need a suit to make an appearance on one of the TV’s financial comedy… Read More »

Debt-Serfdom Is Now The New American Norm

By | July 5, 2021

The typical American household is insolvent: its debts exceed its assets. There is nothing fancy about calculating insolvency: if debts exceed assets, the enterprise is insolvent. By this measure, most American households are insolvent, if their real assets are marked to actual market. The typical American household is thus in service to its debt, not… Read More »