Nassim Taleb

Lessons From The Worst Banking Crisis In History

A very reliable rule of thumb to keep in mind during (and before) a banking crisis: don’t trust anyone in the establishment, especially a politician. It’s good advice these days.. Europe’s banks and its governments are caught like two drunken sailors holding each other up.

 

In Gold We Trust, 2016 Edition

"...the increasing desperation of central bankers and their willingness to boost inflation at all cost is going to lead to a plethora of unintended consequences, all of which are likely to boost the gold price."

Nassim Taleb's "Shillary vs The Donald" Cheat Sheet

The press, it appears, is a bit lost in their own lurid presentations of reality in the projected battle of good vs evil that the 2016 election has become. By way of public service, Nassim Taleb has created a simple "cheat sheet" to clarify in his words "with more rigor" what reality is, instead of "through the eyes of idiots."

One Trader Finally Loses It

"A portfolio built to only withstand stress thanks to central bank intervention is one destined to blow-up spectacularly."

The Entire Status Quo Is A Fraud

Fraud as a way of life caters an extravagant banquet of consequences. This can't be said politely: the entire status quo in America is a fraud.

Who's Anti-American?

The system is rigged... and rotten. Elections are exercises in solemn deceit. And the Fed’s management of the economy is a mixture of delusion and self-serving scam. We don’t have much doubt about it. That’s just the way it is. But that honesty is "cynical" and "anti-American," according to some. However, we’re not alone in our skepticism. Apparently, about half the country is “anti-American.”

Voting To Destroy The Establishment

Trump’s blunt, angry, provocative, anti-establishment message has struck a chord among millions of disaffected Americans who have been ignored, abused, scorned, and shit on by the elitist establishment, banking cabal, corrupt politicians and government apparatchiks. The Deep State establishment has overstepped their bounds. Their ravenous pillaging of the national wealth through outsourcing millions of American jobs, largest mortgage control fraud in history, and outrageous gall in shifting their losing bets onto the backs of hard working Americans is about to bite them in the ass.

Monetary Bazookas Or Not, "Global Crisis Is Inevitable"

Until recently, the consensus assumed a strengthening of the global economy in 2016. It won’t happen. If the global economic growth manages to reach 3.1% next year, as forecast by the IMF, it will be a miracle. We are close to the end of the current economic cycle. The outbreak of a new global crisis in the coming years is inevitable.  The Fed and other central banks are in a dead-end having fallen in the same trap as the Bank of Japan. If they increase rates too much, they will precipitate another financial crisis. It is impossible to stop the accommodative monetary policy.

What's Next: Deflation, Inflation, Or Hyperinflation?

Almost all serious analysts see a Terminal problem developing - "We will go from deflation to hyperinflation without seeing inflation." But hyperinflation is a political phenomenon. It is caused by those same authorities the masses think they can trust. When they are threatened, they will protect themselves by printing money on a scale we haven’t seen since the War Between the States (consumer prices in Richmond, Virginia, had risen 6,700% by the end of the war).