by John Rubino Emerging market currencies are collapsing pretty much everywhere these days. But it’s safe to assume that most people don’t understand exactly what’s causing this outbreak, why it’s happening now, or what “external dollar debt” has to do …
Josh Sigurdson talks with author and economic analyst John Sneisen as several Latin American currencies plummet! This is no surprise as all fiat currencies eventually revert to their true value of zero as they have since 1024 AD in China …
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent bank run in China on P2P lenders as countless people hit the streets. Chinese household debt has climbed 40% in the past year alone. To top off …
How much of an impact will this have on all markets and economies? Minimal? Or significant? https://www.youtube.com/watch?v=a01GGa5tXDc Emerging markets are looking weak. When we look at what has happened in Turkey, if we zoom out, we can see the bigger …
by FS We’ve often discussed problems facing state pension systems, but now we’re seeing the makings of a crisis forming over unfunded liabilities and state pension systems. This time on the Financial Sense Lifetime Income Series, Jim Puplava discusses what he …
https://twitter.com/OccupyWisdom/status/1029339254030299136 What we have witnessed in Emerging Markets is simply a continuation of what we saw with Equity Vol and very briefly in Italy. It is also the part of the same thing as the Crypto and Chinese equities corrections. …
From Bloomberg: America never made up the growth it lost in the 2008 global financial crisis and the recession it triggered. A decade later, U.S. households are still counting the cost. Gross domestic product remains well below what its 2007 trend …
from Zero Hedge The Dow is up over 100 points and the Turkish Lira is up 5%, rallying away from the dreaded 7.00 Maginot Line of global doom… and judging by the notes and business media narrative this morning, it’s time …
by Michael Snyder We haven’t seen emerging market currencies crash like this in over a decade, and analysts are warning that if this continues we could witness a devastating global debt crisis. Over the past decade, there has been an …
From Birch Gold Group This week, Your News to Know rounds up the latest news involving gold and the overall economy. Stories include: Turkey’s currency crisis is breathing new life into gold, pension crisis could be good for gold, and why gold is …
TradersChoice.net, Released on 8/10/18 OOOOOOOOOOOOMMMMMMMMMMMMMMMMMGGGGGGGGGGGGGGG. Why remembers this? “Collateralized Debt Obligations – CDO’s?” Well guess what…they still exist as well and have gotten MULTIPLES LARGER than which existed in 2007-8. NOTHING was ever “fixed.” It is all a time bomb …
Two things I never thought I would say in EM FX: a) TRY reached 7 before CNY b) TRY dragging CNY towards 7 Yes, we are here. What will happen this afternoon? Why do you think there's panic in TRY? …
by stockboardasset California’s housing affordability crisis is progressively getting worse. It has now plummeted to its lowest level in 10-years, and less than one in five households can afford to purchase a median-priced single-family home in the Bay Area, according to …
By Richard M. Ebeling via the Future of Freedom Foundation: In case you have missed them since the early years of the Obama administration, the $1 trillion-a-year federal budget deficits are coming back, beginning with Uncle Sam’s new fiscal year for …
via fs All focus is on Turkey right now as their currency goes into freefall and 5-year credit default swaps (insurance against default) have now spiked to levels last seen during the 2008-2009 financial crisis. Emerging market risks accelerated with …
by Martin Armstrong Charles Dickens wrote about how corrupt the courts were out of control in Bleak House published back in 1859. He began in his first chapter on Chancery: “This is the Court of Chancery, which has its …
by Yojimbo, TBP https://youtu.be/bSBVTeYZHLk This is a brilliant short summary to the problem by RamzPaul. Even though Infowars did not play identity politics and distanced themselves from the Alt-Right, they were shut down because they supported Trump on a well-known platform. …
The worst crisis is the one you don't see coming. https://t.co/patJDp7TCu — Eddy Ventolera (@atm0spheric) August 7, 2018 https://twitter.com/OccupyWisdom/status/1026650255381721089 1-Month Treasury Bill Yield ends the day at a 10-year high: 1.96%. pic.twitter.com/u46NqaC4gh — Charlie Bilello (@charliebilello) August 7, 2018 Daniel …
by Jeff Clark, Senior Precious Metals Analyst, GoldSilver Mike Maloney mentioned an economist he was studying as part of his research for a new book, so I ordered one of his books. The core message in this economist’s book pulls no …
by John Rubino Money manager Rob Arnott and finance professor Lisa Meulbroek have run the numbers on underfunded pension plans and come up with an interesting – and highly concerning – new angle: That they impose a “stealth mortgage” on …
via nymag: If you were standing in the smoldering ashes of 9/11 trying to peer into the future, you might have been overjoyed to discover this happy snapshot of 2018: There has been no subsequent major terrorist attack on America from …
by DCG You deserve this madness, Seattle. You elected these ineffective officials. From MyNorthwest.com: Many have asked where Seattle’s largest companies and the business community have been as the city faces multiple crises. Apparently, they’ve been talking with Seattle Mayor Jenny Durkan. “Working …
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS: ● Shot: NBC’s Thompson Promises ‘Environmental Civil War’ Over Trump’s Rollback of Regulations. —NewsBusters, today. ● Chaser: NASCAR, NBC announce 10-year deal. —ESPN, July 23, 2013. ● Hangover: Dale Earnhardt Jr. to Sign Multiyear Contract to …
What do you think the biggest challenges that GEN Z and MILLENNIALS have in the future? Look at the statistics and you can see that the percentage of young people and the way they interact, the technology which they grow …
by stockboardasset The student debt crisis in America continues to expand. According to the latest figures from the New York Federal Reserve, the total Student Loans Owned and Securitized, Outstanding (SLOAS) grew to over $1.52 trillion in July. Although the debt …
by Martin Armstrong Merkel’s nightmare is simply beyond description. Now that Europe is trying to at least deport some of these pretend “refugee” migrants from North Africa, the shocking reality is starting to surface. Now 50% of the “refugee” migrants cannot …
I totally forgot to mention it but the “bankers predicting” refers to a report I’ve showed you here for before. It was either a chart from Morgan Stanley or BOAML. They suspect that everything will reverse by the end of …
Authored by Charles Hugh Smith via OfTwoMinds blog, Keep an eye on the system’s buffers. They look fine until they suddenly collapse. The doom-and-gloomers among us who have been predicting the unraveling of an inherently unstable financial system appear to …
Why is the stock market increasingly reliant on massive injections of money to keep it going?
Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent Yuan crisis as we seen signs that the Chinese Yuan is heading towards an even bigger devaluation than it saw in 2015. We recently saw a …