Why Credit Creates Bubbles That Break the Economy

Authored by Charles Hugh-Smith via oftwominds, The asymmetric scaling of credit has inflated The Everything Bubble that will burst with devastating consequences for the real economy. When credit scales faster than it can be absorbed by productive investments, the resulting credit-asset bubbles break the …

READ MORE

America Taps Venezuela for Rare Earth Minerals

by Martin Armstrong The press is reporting that Venezuela is opening its mining sector to American companies, allowing foreign investment to extract gold, diamonds, and rare earth minerals after the National Assembly approved the first step in rewriting the country’s mining laws. …

READ MORE

The End of the Anonymous Internet

by Martin Armstrong Congress is once again advancing legislation under the banner of protecting children online, and whenever government begins framing policy in moral language, it usually means something far more intrusive is being constructed beneath the surface. The latest push on the Kids …

READ MORE

KREMLIN: END OF THE WORLD UPON US

Putin’s spokesman has addressed the growing fear that ‘the end of the world is upon us’ with most people having never lived through a worse time. Dmitry Peskov also hit out at a breakdown in ‘international law’ as massive US …

READ MORE