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Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment,...
Zimbabwe's hyperinflation, courtesy of one Gideon Gono - the brilliant man behind such grand monetary experiments as QE and its offshoots throughout the developed world - and numerous one hundred...
View ArticleNew Jersey Casino Files For Bankruptcy Ten Months After Opening; No Taxpayer...
If it seems like it hasn't been even a year since the latest Atlantic City casino, this one with the surreal ads showcasing Revel Atlantic City, opened up, it is because that is exactly the case. Ten...
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Could The "Cyprus Fiasco" Occur In The United States?
As has been assiduously explained by members of the European statist oligarchy, the reason for the deposit tax levy, in addition to the broader unsecured debt "bail-in" bailout of Cyprus, was due to...
View Article2007's "Mega LBO" Set To File Prepackaged Bankruptcy
When news hit the tape in February of 2007 that TXU would be acquired by a consortium of PE firms including KKR, TPG and Goldman, for the mind-boggling price of $45 billion, to this day the biggest LBO...
View ArticleWhen 60 Years Of Lies Clash With Reality: Michigan Governor Snyder Authorizes...
The full letter from Michigan Governor Richard Snyder to Kevyn Orr, the man who just filed Detroit's bankruptcy petition.Kevyn D. OrrEmergency ManagerCity of DetroitColeman A. Young Municipal Center 2...
View ArticleGuest Post: A Tight Tax Leash Constrains Americans
A Tight Tax Leash Constrains Americans By Nick Giambruno, Editor, International ManMany readers are already well aware that the US government is essentially unique - and not in a good way—in how it...
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SmartKnowledgeU Exclusive Interview with World Bank Whistleblower Karen...
I present to you Part Two of our exclusive interview with World Bank Whistleblower Karen Hudes in which I discuss with Ms. Hudes the need to end an immoral fractional reserve banking system that...
View ArticleGuest Post: The Sixth Stage Of Collapse
Submitted by Dmitry Orlov via Club Orlov blog,I admit it: in my last book, The Five Stages of Collapse, I viewed collapse through rose-colored glasses. But I feel that I should be forgiven for this; it...
View ArticleFrontrunning: December 12
J.P. Morgan to Pay Over $1 Billion to Settle U.S. Criminal Probe Related to Madoff (WSJ)Ford board aims to pin down CEO Mulally's plans (Reuters)Raising Minimum Wage Is a Bad Way to Help People...
View ArticleWhat Happens When The Giants Unwind?
Authored by Andy Xie, originally posted at Caixin Online,China and the United States, the primary sources of economic stimulus since 2008, will begin to unwind their stimulus in 2014. The Fed's...
View ArticleRome Is On The Verge Of Detroit-Style Bankruptcy
With European peripheral bond yields collapsing every single day to new all time lows (primarily driven by Europe's near-certainty that a US-style QE is imminent as we first showed here in November,...
View ArticleChristine Lagarde Is Clueless: 70 Words Of Pure Keynesian Claptrap
Submitted by David Stockman via Contra Corner blog,The world’s official economic institutions are run by people who believe in monetary fairy tales. The 70 words of wisdom below from IMF head Christine...
View ArticleBill Clinton’s Epic Double-Cross: How "Not An Inch" Brought NATO To Russia’s...
Submitted by David Stockman via Contra Corner blog,American foreign policy is mindlessly driven by the machinery of our Warfare State - a vast accretion of economic, diplomatic, spying and military...
View ArticleFrontrunning: September 29
This is why the locals are furious at the US: U.S-led raids hit grain silos in Syria, kill workers (Reuters) explaining thisBillions Fly Out the Door at Pimco: About $10 Billion Is Withdrawn After...
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After Abenomics Failed In Japan, It Is About To Be Tried In Europe
After two years of Abenomics, Japan officially admitted it has entered a triple-dip recession. While people with a modicum of common sense warned this would happen long ago, it actually came as a...
View ArticleFrontrunning: November 12
Banks to Pay $3.3 Billion in FX-Manipulation Probe (BBG)Symbolic being the key word: U.S., China sign symbolic emissions plan, play down rivalry (Reuters)Europe (so really Russian sanctions) is the new...
View ArticleFrontrunning: February 2
Germany Sees No Need to Scrap Troika in Overseeing Greek Turnaround (WSJ)European markets subdued as Chinese data weighs (Reuters)U.S. Oil Workers Strike Enters Second Day as Crude Prices Slide...
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Debt In The Time Of Wall Street
By Raúl Ilargi Meijer of The Automatic EarthDebt In The Time Of Wall StreetWith all the media focus aimed at Greece, we might be inclined to overlook – deliberately or not – that it is merely one case...
View ArticleSCHuLD MaCHT FReI...
. "Debt makes you free" . . . The world faces a choice between trying to recover the Bubble Economy’s debt- leveraged gains, or realizing that the financial sector has careened along an...
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Revolt In Athens: Syriza Central Committee Member Says "Leadership Strategy...
Not everybody is ignoring that fact that just days after the new Prime Minister promised the Greek population on prime time TV that the loathed bailout program wouldn't be extended and that Greece...
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