Category Archives: Economic Collapse

LIBOR Distraction

Reading time: 1,600 words, 4 to 6 minutes The so-called LIBOR scandal is just a distraction from more critical issues. The story is making its way from the financial blogosphere to the ass media. The insidious decline of global economies … Continue reading

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Money Under the Mattress

Reading time: 457 words, 1 to 2 minutes plus 4:14 video (skip ad) Another historic economic milestone has been reached. The yield on the 2-year German bond is ZERO. I’ll let The Young Turks host Cenk Uygur explain how we … Continue reading

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Economic Insanity – brief update May 9, 2012

Reading time: 950 words, 3 to 4 minutes As expected, the incumbent French President Sarkozy has been ousted by left-wing Hollande who vows an end to austerity. Greece is left with messy minorities in Parliament elected by Greeks fed up … Continue reading

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The Last Canadian Penny

Reading time: 830 words, 2 to 3 minutes. The last Canadian penny rolled off the presses today; a testament to the demise of our money and the insidious effects of inflation and the magic of compound interest that you’re not … Continue reading

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Economy Face Off: Ron Paul vs Paul Krugman

Reading time: 300 words, 1 minute Bloomberg video: 20 minutes In this debate between U.S. Congressman Ron Paul and New York Times columnist and professor of economics Paul Krugman, I’ll let you decide what a pack of imeciles the Nobel … Continue reading

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H.L. Mencken Was Right – The Burning Platform

Reading time Blog: 473 words, 1 to 2 minutes Linked article: 2,473 words, 6 to 10 minutes Every so often I come across an article that is so astute and hard-hitting that I wouldn’t dare try to summarize it or … Continue reading

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Collapse Update – Spring 2012

Reading time: 2,500 words, 6 to 10 minutes John Williams developed a chart that graphically demonstrates how the mightiest economy in the world is collapsing. I’ve mentioned several times that the so-called GDP growth of the U.S. does not take … Continue reading

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