Great Depression

The Bubble That Could Break The World

The key to bubble analysis is to look at what’s causing the bubble. If you get the hidden dynamics right, your ability to collect huge profits or avoid losses is greatly improved. Based on data going back to the 1929 crash, this current bubble looks like a particular kind that can produce large, sudden losses for investors. The market right now is especially susceptible to a sharp correction, or worse.

The Trump Collapse Scapegoat Narrative Has Now Been Launched

"I have been warning since long before the election that Trump’s presidency would be the perfect vehicle for central banks and international financiers to divert blame for the economic crisis that would inevitably explode once the Fed moved firmly into interest rate hikes. Every indication since my initial prediction shows that this is the case. The media was building the foundation of the narrative from the moment Trump won the election."

The Final Show Of The Greatest Country On Earth

Yesterday, the Greatest Show on Earth held its final performance in Uniondale, New York, after 146-years in the business. A century ago this would have seemed impossible... And just like how people viewed Ringling Brothers 100-years ago, it’s difficult for anyone to imagine a world in which the US isn’t the dominant superpower...

5 Universal Laws Of Human (Investment) Stupidity

In 1976, a professor of economic history at the University of California, Berkeley published an essay outlining the fundamental laws of a force he perceived as humanity’s greatest existential threat: Stupidity.

The 21st Century Has Been A Big, Fat Flop

As the new century dawned, U.S. GDP was growing at a rate of about 3% a year... unemployment was near record lows... stocks were at record highs... the government’s finances were stabilizing... the threat of war was low... and new technology, abundant capital, and 20 centuries of compounded learning promised to make it the best ever. But then something went wrong. Or many things went wrong...

When Might The Pillaging End?

When the present debt bubble eventually pops, “governments will lose the economic power to continue their advance against economic freedom.”  Unlike the Depression of the 1930s, the country will not be the largely agrarian, highly-productive country of (generally) hard-working people. It will be a society of entitlement-conscious people, who will fail to rise to the occasion.

War And Empire: The American Way Of Life

What the majority of Americans are conditioned to think they know about their past (and that of many other peoples) is myth, and too often, sheer illusion. Misdirection and manipulation about proclaimed threats from abroad since 1945 has led directly into wars and unjust armed interventions and coups in many other nations. The results are always tragic on a colossal scale.

Central Banks' Obsession With Price Stability Leads To Economic Instability

The Fed’s monetary policy that aims at stabilizing the price level by implication affects the rate of growth of money supply. Since changes in money supply are not neutral, this means that a central bank policy amounts to the tampering with relative prices, which leads to the disruption of the efficient allocation of resources.