Free Money

Memo To The Donald - 10 Great 'Deals' To Save America Before It's Too Late

Unfortunately, it appears too late to reverse the tidal wave of system failure that has been brewing for three decades now. But there is a sliver of hope.If Donald Trump is elected, eschews a law and order crusade and does not capitulate to the destructive policies of the Wall Street/Washington/bicoastal establishment, there is a way forward..

Saving The System: Exposing The 4 Fallacies Of Modern Monetary Policy

Monetary policy, we are told, is all about staving off recession and stimulating economic growth. However, not only is monetary debasement in any form counterproductive and destroys the personal wealth of the masses, but the economists who devised today’s monetarism have completely lost their way. The real reason for today’s global monetary policies is an ultimately futile attempt to prevent a systemic and economic crisis.

Could Inflation Break The Back Of The Status Quo?

Unprecedented expansion of credit, wage inflation and much-needed limits on the power of central banks to give away billions to oligarchs will generate inflation. The central planners have successfully masked real inflation behind a smokescreen of official statistics, but eventually a wind will rise that blows the smokescreen away, and the reality of rising inflation will break the back of the financial-political status quo.

Trump Says It's Time To Sell Stocks, Warns Of "Very Scary Scenarios" For Investors

Now that we are exactly three months away from the November 8 election, if Trump wants to really boost his electoral chances, a market crash right now be certainly most welcome by his campaign. Which may be why Trump today urged his supporters to get out of equities as "interest rates set by the Federal Reserve are inflating the stock market" and warned of "very scary scenarios" for investors.

How To Actually Make America Great Again

"Sorry, folks, but we got our freedom and we squandered it fewer than a handful of centuries. We stopped reading books. We gave up on the nuclear family. We skewed the meaning of words and let other people and institutions do for us what we could have done ourselves. We lost any semblance of identity other than that reliant on the hedonistic narcissistic whims of the individual. Identity politics have emerged alongside a complete loss of cultural identity - what a supreme irony! In this sense, there are obvious ways to 'make America great again'..."

"Helicopter Money" Won't Fix What's Broken

The mere mention of helicopter money has intoxicated global stock markets, which have soared on the rumor of Japanese helicopter money. But, central banks funding fiscal spending (i.e. helicopter money) will only have a weak and entirely indirect effect on profits or stock market valuations. The problem with helicopter money is that it cannot fix what's broken in the economy - and even worse, it perpetuates every inefficient, corrupt, bloated and unsustainable system in the status quo.

"All-Time-Highs"

"...central bankers seem to view elevated security valuations as “wealth.” The longer this fallacy persists, the worse the subsequent fallout will be. I have little doubt that future generations will look at the reckless arrogance of today’s central bankers no differently than we view speculators in the South Sea Bubble and the Dutch Tulip-mania. Unfortunately, there is no mechanism by which historically-informed pleas of “no, stop, don’t!” will penetrate their dogmatic conceit. Nor can we change the psychology of investors."

Germany Sells First Ever Negative-Yielding 10Y Treasury, Corporate Bonds

Just hours prior to Germany selling its first ever negative-yield 10Y bund, German railway operator Deutsche Bahn became the first non-financial company to sell a corporate bond with a negative yield in euros on Tuesday. . Joint leads BayernLB and Raiffeisen Bank set the final spread at plus 15bp as orders reached 840m. The deal priced with a negative 0.006% yield and a 0% coupon.