Wednesday, May 12, 2021

David Stockman: The World Economy Is At An Epochal Pivot

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by Adam Taggart, Peak Prosperity:

A ‘Great Reset’ approaches

David Stockman warns that the global economy has reached an “epochal pivot”, a moment when the false prosperity created from $trillions in printed money by the world’s central banks lurches violently into reverse.

There are few people alive who understand the global economy and its (mis)management better than David Stockman — former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier — which is why his perspective is not to be dismissed lightly. He knows intimately how how our political and financial systems work, as well as what their vulnerabilities are.

Saudi Arabia’s PIF and SoftBank Not Interested in Tesla Buyout

by Wolf Richter, Wolf Street:

Two often-cited suspects are axed. So where’s the “secured” funding supposed to come from?

The whole scheme kicked off when Tesla CEO Elon Musk tweeted during trading hours that he was “considering” taking Tesla private, “Funding secured,” which caused the already ludicrously overvalued shares to spike. Later he added, “Investor support is confirmed.” But no details, no names, no tidbits, not even a tease. Two days earlier, he’d tweeted that “even Hitler was shorting Tesla stock.”

Keiser Report: Can the system be unrigged? (E1265)

from RT:

In the second half, Max continues his interview with Michael Krieger of LibertyBlitzkrieg.com about Jeff Bezos’s billions. Can the system be unrigged at this point in time or is bitcoin the only viable solution for the individual? They also discuss Trump’s trade wars.

Lord Jacob Rothschild Issues Warning: The New World Order is in Jeopardy

from The Free Thought Project:

Lord Jacob Rothschild has issued a warning this week noting that the current economic and political climate is threatening the “post-war economic and security order.”

Over the past three years, an unexpected voice of caution has emerged from one of the most legendary families in finance: Lord Jacob Rothschild.