Main Street

Brandon Smith Warns The System Is Crashing: "Prepare For Bank Confiscations, Shortages, Insurgency"

"Whatever’s going to happen is going to happen between now and early 2018, because that’s their window of time to create enough chaos and desperation in order to convince people, to rationalize the idea of switching to a global currency system. After that, I would expect there would be a process of acclimating the public to this new system, and I would expect that a lot of countries would be in third world conditions for a while after that."

The Bears Are Dying: Even Bob Janjuah Turns (Somewhat) Bullish

"The trends over H1 2017 should be higher (especially US) equities and yields, steeper curves, a stronger USD, and mixed performance in credit (especially in the IG sphere) and EM. So for me, most likely over the middle two quarters of 2017, I can see the S&P 500 cash index up at 2450 +/- 50 points, with the Nasdaq weakest and the Dow strongest of the big three US indices."

Damaging The Deep State: Trump, Russia, And China

It has become clear Trump's attitude towards Russia and China is very different from that of his predecessors. Amazingly, he is already wresting power from the deep state, causing it great resentment, which under Obama, Clinton and the Bushes, ran geopolitical policy. From January, barring accidents the world will not be the same, the establishment up-ended.

Has The Fed Turned "Hawkish?"

Jose Canseco isn’t alone in his fantastical thinking and enthusiasm. Countless intelligent individuals, that have made careers out of economics, have had their minds softened over by theories not too different from Canseco’s. Namely, that a perpetually higher stock market is good for the economy. Of course, the only way to achieve a Dow 40,000 target in four years is through massive amounts of monetary stimulus (not fiscal).

The Mainstream Media Is Asking For A Government Bailout Via Censorship

This isn’t just about protecting the status quo narrative for the sake of maintaining a transparently false manufactured reality. It’s equally about preserving the status, wealth, reputation and careers of individuals whose failures should have landed them on the street, unemployed for their almost incomprehensible and well documented incompetence.

Obstacles To Trump's "Growth" Plans

Mr. Trump rather unfortunately may find that his chief task will not be the management of this Great Re-orientation, but more prosaically, fending off the headwinds which he will face as he hauls on the tiller of the economy. In short, there is a real prospect that his ambitious economic “remake” may well be prematurely punctured by financial crisis. These headwinds will not be of his making, and for the main part, represent the accumulation of an earlier monetary doctrine which will fetter the President-elect into a small corner from which any chosen exit will carry adverse implications.

'Grey Champion' Assumes Command, Part 2

Seventy year old Donald Trump has assumed the Grey Champion flagstaff. In an increasingly chaotic world, normal working class Americans in flyover country were seeking a leader who could bring order, defeat the corrupt establishment, make tough decisions, and capture the zeitgeist of this moment in history. The ruling elite oligarchs and their fawning minions are infuriated the peasants have dared to resist. In their secretive secure spaces, the elites are plotting with one purpose in mind – this uprising must be quelled.

Brace For A Year Of "Peak Everything, Big Rotations" - Here Is BofA's Guide How To Trade It

1) Peak Liquidity: era of excess liquidity is over; 2) Peak Inequality: more fiscal stimulus to address inequality; 3) Peak Globalization: free movement of trade, labor, capital ending; FX wars starting; 4) Peak Deflation: low point in bond yields now behind us; 5) Trough Volatility: era of “flash volatility” and “pain trades” continues; 6) Peak Passive: active investors to outperform passive; 7) Transforming World: robotics, eCommerce constrain inflation upside

Obama's 'Zero' Legacy

Impunity hidden behind lies is what defines Obama’s Presidential legacy. To call his legacy "zero" is actually unrealistic praise; his legacy is deeply negative. He’ll be rewarded handsomely for it, by his masters - which never were the American public.

The Serfs Have Rebelled - Europe Next?

Hayek’s The Road to Serfdom described how personal freedoms are progressively eroded by the state in the name of the common good. In the main, the serfs are patient and tolerant of their masters, but in a democracy, the establishment behind the state risks being challenged. And that has happened twice this year, first with Brexit and now with Trump in America... but remember the serfs never win, as Hayek recognised.

An "Amazed" Bill Gross Slams Trump: "His Tenure Will Be Damaging"

"I am amazed, at what American voters have done to themselves: in voting to deny Hillary Clinton the Henhouse, they "unwittingly" (lack of wit), let Donald Trump sneak in the side door. His tenure will be a short four years but is likely to be a damaging one for jobless and low-wage American voters."