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James Rickards: The Fed Is Going To Cause Recession

"[The Fed is hiking rates] to prepare for the next recession... they know a recession will come sooner rather than later... My estimate is that they’re not going to get there. The recession will come first. In fact, they will probably cause the recession that they’re preparing to cure."

If We Want "Unity"... Government Must Become Weaker

It is becoming increasingly clear that the United States is becoming a country in which every election brings a perceived mandate to forcefully - and even vengefully - impose the winning coalition's agenda on the losers...

Perfect Storm 2.0 - Will The Auto Industry Ever Be The Same Again?

The automotive industry needed every single ingredient listed below to reach last year’s record setting sales number. However, something has changed. Well, in reality, everything has changed. The set of ingredients that perfectly fueled the recovery have all reversed and now power the perfect storm...

BIS Lists The Four Biggest Threats Facing The Global Economy

i) inflation could choke the expansion by forcing central banks to tighten policy; ii) serious financial stress could materialise as financial cycles mature; iii) consumption might weaken under the weight of debt, and investment might fail to take over as the main growth engine; iv) a rise in protectionism could challenge the open global economic order.

An Open Letter To The Fed's William Dudley

"Let’s face it... The Fed can’t hold the financial order together much longer anyway. Why pretend you can with utter nonsense like crashing unemployment? It’s insulting...Your credibility’s shot..."

Two Italian Zombie Banks Toppled Friday Night

So nothing worked. Private sector money stayed away in droves. JP Morgan, which had been recruited to save the Italian banks, threw in the towel. These banks had been zombies for too long. Everybody knew it. But the government kept denying it.

The Real Purpose Behind The Russian/Trump Conspiracy Propaganda

"The Russian circus is going nowhere because it was never meant to go anywhere. It is distraction and drama, a soap opera for the ignorant masses. Trump will not be removed from office. If he does end up impeached, the impeachment will fail. As I have said since before the election, the establishment needs Trump as president... the US system is going to move into the next phase of collapse under Trump's watch, and the elites need their scapegoat."

How Central Banks Intend To Fight CryptoCurrencies

Last week, Jens Weidmann, President of the Deutsche Bundesbank and Chairman of the Board of Directors of the Bank for International Settlements gave a speech outlining some ideas on how to best address the challenges that cyrptocurrencies pose to central banks.

Obama Lashes Out At GOP Healthcare Plan: "This Bill Will Do You Harm"

"Simply put, if there’s a chance you might get sick, get old, or start a family – this bill will do you harm...To put the American people through that pain – while giving billionaires and corporations a massive tax cut in return – that’s tough to fathom."

Ethereum Flash Crashes By 96% After Status ICO Clogs Network

Ethereum suffered dramatic losses on Wednesday, sliding from $360 to $260 before rebounding, in the process experiencing what appears to have been its first flash crash, when it plunged by 96% from $315 to $13 on massive volume, before rebounding.

Why The EU's Policy Towards The Syrian Conflict Is A Disaster?

"The European Union has to understand finally that idealism is simply magnifying human suffering and endangering the security of all parties. There is the realist alternative, which focuses on one’s own interest instead of morality."