Tag Archives: economy

  No country has successfully challenged the U.S. dollar’s global hegemony—until now. How did this happen and what will it mean? Foreign critics have long chafed at the “exorbitant privilege” of the U.S. dollar as global reserve currency. The U.S. can issue this currency backed by nothing but the “full faith and credit of the United States.” Foreign governments, needing …

  Financial Weapons of Mass Destruction: On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically important financial institution” (SIFI) as defined in the Dodd-Frank …

  “The neoconservatives who dominate US foreign policy, the principal purpose of which, in their words, is to prevent the rise of other countries with sufficient power to constrain US unilateralism, now face both China and Russia as threats to US hegemony.” “Russia’s punishment is conflict in Ukraine, sanctions, missiles on their border, and blown up Nord Stream pipelines,” says …

  There are two main avenues to a potential US financial crisis.  Such a crisis, because of US financial dominance and because of the interconnections of globalism, which was a huge mistake for humanity, would be international. Worse Financial Crisis than in 2008: One avenue to crisis is the Federal Reserve’s current policy of raising interest rates.  This policy follows many years …

  Sweden’s excess mortality during the pandemic is the lowest in the EU and the Nordics, according to new calculations from Statistics Norway. Sweden was right about Covid: Anders Tegnell, the hero for lockdown sceptics worldwide, was the state epidemiologist in Sweden between 2013 and 2022 who refused to lockdown Sweden. He was harassed by the mainstream media throughout the …

  The crashes of Silvergate, Silicon Valley Bank, Signature Bank and its related bank insolvencies are much more serious than the 2008-09 crash. Banking crisis not over: The problem at that time was crooked banks making bad mortgage loans. Debtors were unable to pay and were defaulting, and it turned out that the real estate that they had pledged as …

  The failure of Silicon Valley Bank (16th largest bank in US) last Friday resulted from depositors withdrawing their funds in response to a drop in value of the bank’s bond portfolios caused by the Federal Reserve’s ill-considered hikes in interest rates. The mindless policy implemented by the Federal Reserve cures inflation by producing bank runs, failed banks, and unemployment.   …

  “A phenomenon noticeable throughout history regardless of place or period is the pursuit by governments of policies contrary to their own interests. Mankind, it seems, makes a poorer performance of government than of almost any other human activity.” “In this sphere, wisdom, which may be defined as the exercise of judgment acting on experience, common sense, and available information, …

  The Arctic Fox Cometh: A few decades ago, we associated George Orwell 1984 with the communist Soviet Union, where the people had little freedom, few chances to succeed financially in the state economy system and free speech was non-existent. Any criticism of Stalin would cause a person to end up in the Gulag concentration camps. Today, the scenario is …

  Saudi Arabia’s recent announcement that the government is open to accepting payment for oil in currencies other than the dollar is a major announcement ignored by the presstitutes.   The end of the petrodollar would have severe adverse effects on the value of the dollar and on US inflation and interest rates.  For a half century the petrodollar has supported …