TRUTH LIVES on at https://sgtreport.tv/
by Kerry Lutz, Financial Survival Network:
The economy is in a major decline, and today we have Darryl Robert Schoon on the podcast to talk about some of the root causes of this phenomenon. Schoon walks us through different times in history that shed light on some of the underlying issues of inflation, and how this translates in the modern era. The inflationary bubble that we are in at the moment will eventually lead to a deflationary bust, and it is only a matter of time before we see some of the effects of this.
TRUTH LIVES on at https://sgtreport.tv/
by Fabian Ommar, The Organic Prepper:
Unless some extinction-level event takes the entire planet back into the Stone Age, cold hard cash will still be used. Cash will be king when the SHTF unless it’s a full-on Mad Max scenario like the one Selco survived.
I get asked frequently about the role of cash during disasters and emergencies. It seems many starting in preparedness think we’ll jump from the pot directly into the fire if the SHTF, with greenbacks becoming a useless relic.
In reality, SHTF is a slow slide into hell, the proverbial frog in the boiling pot nine out of ten times. It’s exactly what’s happening with COVID-19 and almost everything coming from it.
by Mike Adams, Natural News:
The Evergrande (“EverSCAMMED”) fiasco is nothing more than a classic Bernie Madoff Ponzi scheme involving property developers and greed-driven investors who chased high returns while forgetting about the existence of risk. (Every generation, it seems, must learn this painful lesson the hard way…)
Like all successful Ponzi schemes, Evergrande’s rise to become a global Fortune 500 business hinged on it finding a steady supply of new suckers to hand over their money as “investments” in the Evergrande scheme.
by Charles Hugh Smith, Of Two Minds:
This complete capture of all avenues of regulation and governance can only end one way, a kind of hyper-stagflation.
Zeus Y. and I go way back, and he has always had a knack for summarizing just how insane, disconnected from reality, manipulative and exploitive the status quo narrative has become. I’ve occasionally published his commentaries and essays here since 2008 Imaginary Worth, Empire of Debt: How Modern Finance Created Its Own Downfall (October 15, 2008), not coincidentally, in the midst of the previous debt-fueled speculative bubble popping.
by Wolf Richter, Wolf Street:
The property sector and its debts are possibly the biggest financial mess in China’s history.
The crackdowns by Chinese authorities on some of the biggest hype-and-hoopla industries have sent investors heading for the exits. There is a crackdown on debt to keep the financial system from imploding. There’s a crackdown on property speculation to tamp down on housing prices and on debt. There’s a crackdown on big tech – mostly internet, social media, and online gaming companies – for their monopolistic size and practices and a slew of other issues.
by Pam Martens and Russ Martens, Wall St On Parade:
Fortunately for Americans, the keen-eyed Wall Street watchdog group, Better Markets, is not living in the same alternative reality universe as the cable financial news network, CNBC.
Last Friday, CNBC published a crazy headline regarding Dallas Fed President Robert Kaplan trading tens of millions of dollars of individual stocks and S&P 500 futures in 2020 while Boston Fed President Eric Rosengren traded in and out of REITs (Real Estate Investment Trusts). The trading occurred despite both men being privy to non-public, market moving information coming from the Federal Reserve, the central bank of the United States. CNBC’s headline read: “After years of being ‘squeaky clean,’ the Federal Reserve is surrounded by controversy.” CNBC was royally roasted on Twitter for its “squeaky clean” fairy tale.
by Greg Hunter, USA Watchdog:
It looks like we are on track for yet another global financial meltdown. This time it is coming out of China in the form of a failed property development company called Evergrande. It’s five times bigger than Lehman Brothers, whose failure cratered the global economy in 2008. Will central banks, including the Fed, just let it all fail or will they print massive amounts of money trying to stop the fall? If history is a guide, we should get ready for the most money creation ever. In May, financial writer John Rubino said, “This is beyond the ability of any individual to fix. We can’t save the system.” We sure can print a lot of money to try though.
by Alastair Crooke, Strategic Culture:
All of Central Asia is re-setting towards the SCO, EAEU, Russia and China. The former is now ‘lost’ to the U.S., Alastair Crooke writes.
The shock of Afghanistan imploding – as if blown away in a puff of wind – plus the frantic U.S. scramble to get away, even as loyal local retainers, and billions of dollars’ worth of baggage were left abandoned on the tarmac, has triggered a political earthquake that is unfolding across Asia. The ‘ground zero’ (i.e. the U.S.) to a complex network structure has been pulled out on old and settled structures and relationships.