Tag Archives: leverage

Agency to Enslave Greeks Is Established

Eric Zuesse Late on Thursday, July 16th, German Economic News headlined “Greece: Debt Restructuring Through the Back Door,” and reported that, “The majority of Greece’s national debt is to be moved in the next three years gradually to the euro … Continue reading

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Maintaining the Illusion of Stability Now Requires Ever-Greater Extremes

On the surface, everything still looks remarkably stable in the core industrial economies. The stock markets in Japan, Germany and the U.S. are only a few percentage points off their highs, and we’re constantly assured that inflation no longer exists … Continue reading

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Bank Reserves and Loans: The Fed is Pushing On a String

The money multiplier effect no longer works. As you (hopefully) know, we live in a fractional reserve banking system: if the bank is required to have $1 in cash reserves for every $10 in loans, it means the bank creates … Continue reading

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We Don’t Have One Problem–We Have Three Interlocking Sets of Problems

The additional sets of problems added as “solutions” only guarantee that the third and final crash of asset bubbles just ahead will be far more devastating than the crashes of 2000 and 2009. The conventional view tacitly assumes the global … Continue reading

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In Uncharted Waters

What I see as extremes that must necessarily end badly, others see as mere extensions of recently successful policies and trends. A long-time reader recently chastised me for using too many maybe’s in my forecasts. The criticism is valid, as “on the other … Continue reading

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