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Tyler Durden's picture

If At First You Fail Miserably & Blow Up The Financial System, Do It Again!





Here we go again! Mortgage giants Fannie Mae and Freddie Mac have now officially approved 3% down payment mortgages. Having government entities provide low down payment mortgages to people who can’t afford to buy a house is always a good move. Keynesians like Krugman approve wholeheartedly. The housing market will get a nice boost and the working taxpayers will fund the bad debt through Fannie and Freddie. You own Fannie and Freddie. Everyone wins. In case you forgot, the closing costs to sell a house are usually 8% of the home price. So these home buyers are immediately 5% underwater when they move in... "Sometimes I can’t believe I live in a world this f##ked up. And no one notices and no one cares."

 
Tyler Durden's picture

Guest Post: Central Banks Create Deflation, Not Inflation





If there's one absolute truism we hear again and again, it's that central banks are desperately trying to create inflation. Perversely, their easy-money policies actually generation the exact opposite: deflation. Financial and risk bubbles don't pop in a vacuum--all the phantom collateral constructed with mal-invested free money for financiers will also implode.

 
Cognitive Dissonance's picture

Guest Post - Skyception: The Deception and Manipulation of ‘We the People’ and our Skies





All it takes is a few public beatings to dissuade others from openly considering other factors when researching or discussing climate change.

 
Tyler Durden's picture

Guest Post: The Flawed 75% Tax Solution From Hollande And Piketty





Any economic sage should conclude that the cure for high taxation is, well, low taxation. Remember our job is not to maximize government revenues in the short run, but to improve living standards in the long run. France would do well to repudiate its native son Piketty, and move to align its policies with the Scotsman Adam Smith, who a long time ago advocated low-broad taxation and light-handed regulation of capital and labour markets.

 
Tyler Durden's picture

Guest Post: Fanning The Flames In Ferguson





The scripted quality of the Ferguson events seemed as formally predictable as an 1856 minstrel show, and the parallel is worth reflecting on because the nation appears determined to explode again in some kind of a civil war — bearing in mind Karl Marx’s advisory that “history repeats, first as tragedy, then farce.” As is the case with many show-biz extravaganza’s of our time the script had many authors. A week after the grand jury decision and the riot that followed, the Michael Brown incident is already disappearing down the national memory hole. Why? Mainly because anyway you cut it Michael Brown was a poor candidate for martyrdom.

 
Tyler Durden's picture

Guest Post: How Bloomberg’s Algo-Writers Serve The Cult Of Keynesian Central Banking





If you ever needed proof that the financial press has been completely indoctrinated in the cult of Keynesian central banking consider the following...

 
Tyler Durden's picture

Guest Post: What Americans Celebrate On Thanksgiving Day





When Americans celebrate Thanksgiving, they don’t know what they are celebrating.

 
Cognitive Dissonance's picture

Guest Post - Amps Times Volts Equals Watts





Watt will you do when the well runs dry?

 
Tyler Durden's picture

Guest Post: Did They Want More Violence In Ferguson? 10 'Coincidences' Too Glaring To Ignore





Was it a conspiracy or was it incompetence?  Those appear to be the only two alternatives that we are left with after this week's violent protests arcoss the country...

 
Tyler Durden's picture

Guest Post: A Rant - What I Learned From Ferguson





"There are good people of all races/creeds/colors/whatever that want to just live and let live. Seek out those people, give them a voice, cherish them. Or, as we say in the prepper community – prep, train and form teams."

 
Tyler Durden's picture

Guest Post: The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives





From the dawn of history, elites have always attempted to enslave humanity.  Yes, there have certainly been times when those in power have slaughtered vast numbers of people, but normally those in power find it much more beneficial to profit from the labor of those that they are able to subjugate.  If you are forced to build a pyramid, or pay a third of your crops in tribute, or hand over nearly half of your paycheck in taxes, that enriches those in power at your expense.  You become a “human resource” that is being exploited to serve the interests of others.  Today, some forms of slavery have been outlawed, but one of the most insidious forms is more pervasive than ever.  It is called debt, and virtually every major decision of our lives involves more of it.  At the apex of this debt enslavement system is the Federal Reserve.  As you will see below, it is an institution that is designed to produce as much debt as possible.

 
Tyler Durden's picture

Guest Post: Why Monetizing Debt Could End In Revolutions





All that the Fed, BoJ (Bank of Japan), the Bank of England etc. have been concerned with is the preservation of private banks and the continued propping up of stock markets. None of these institutions really care about the real-world economy, real-world inflation or the ability of individuals to maintain their lives in a prolonged period of economic contraction. When you couple high real inflation with stagnation or reduction in wages over the years since the 2008 crash then real-world buying power of most individuals is drastically reduced. This doesn’t just make people depressed, it makes them angry – hardworking people do not expect or deserve to be thrust into poverty.

 
Tyler Durden's picture

Guest Post: Civil Rights And Public Order In Hong Kong





The authorities in Hong Kong are once again threatening to clear the protest sites. They have a legal pretext, in the form of court orders issued in response to complaints from the owners of buildings, who are losing traffic. The powers that be are in no mood for compromise. “Police urge the illegal road occupiers to obey the court order, remove obstacles and personal belongings, and stop the illegal occupation soonest.”

 
Tyler Durden's picture

US Equity-Credit Divergence: A Warning





Major equity / Credit divergences should always be taken very seriously. They were among the best forward looking indicators at almost every major turning point for equities over the last 20 years. Today, the divergence is visible again. The fact that all this is happening while bullish sentiment in the US is at record highs is of particular worry. Everyone is expecting higher equities due to lower yields and depressed food and energy prices. But when everyone is thinking alike, no one is really thinking...

 
Tyler Durden's picture

Guest Post: There Is A Plunge Protection Team - It’s Called The FOMC





Congress gave the Fed a mandate to “promote maximum employment, production, and price stability”; it never explicitly authorized propping up stocks. Yet through a remarkable theoretical stretch called the “wealth effect,” that’s exactly what the Fed is doing.

 
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