blowing up - dollar hotter than napalm

I Never Thought I’d See This in America

All over the developed world, the policies that failed are not being thrown out; they’re being stepped up. Stupid. We recognize that our views sometimes seem contradictory. For example, we see central banks pushing up stocks. But we still advise readers to get out.


The American Dream – Moonshine and Scam

When we left you yesterday, we were trying to connect the bloated, cankerous ankles of the US economy to the sugar rush of its post-1971 credit-based money system. Today, we look at the face of our government. It is older… with more worry lines and wrinkles.


A Generational Storm Is Coming

Today's young graduates are not only the most heavily indebted in history, but also the least likely to be able to pay their debts. Median wages have been going down since these graduates were about five years old… So have economic growth rates.




$20 Oil?

The falling price of crude oil was first thought to be a good thing. Consumers could spend less on gasoline. But a 60% drop in the price of the world’s most important commodity can’t happen without major disruptions.

A lot of investment decisions had been based on oil selling for over $75 a barrel. Now that it’s trading at about $50 a barrel, there’s $25 missing from every barrel sold.


Why I’m sending a Crash Alert now

Where is that old-and-tattered “Crash Alert” flag?

Many times since the start of the rally in U.S. stocks in 2009, we hoisted it. And many times has it failed to give us a useful signal.


Invasion of the “Zombie Crazies”

report released last week told us that one out of every three people on Social Security’s disability program is a mental defective. In Washington, DC, the rate of nuttiness among the disabled is even higher – 42%. No surprise there.


Don’t Bet on $70 Oil Lasting Long

Outside of the big oil exporting countries and the US shale-oil business this big drop in prices is widely seen as good news.

Consumers fill their tanks at lower gas prices and have a few bucks left over – money that can be used to buy things. According to the current and conventional delusions of the economic profession, this leads to sustained higher economic growth, more jobs and a cure for impotence.