Predicting the Climax

We are watching The Fourth Turning unfold before our eyes. While you should read all of The Fourth Turning by generational historians William Strauss and Neil Howe, here’s one of their predictions for this point in time. The prediction was published in 1997: The economy will in time recover from its early and vertiginous reversals. […]

It Can Happen Again—The Big Short Movie

“You know how when you walk into a post office you realize there is such a difference between a government employee and other people,” said Vinny. “The ratings agency people were all like government employees.” The Big Short: Inside the Doomsday Machine (movie tie-in) (Movie Tie-in Editions) (p. 156). W. W. Norton & Company. Kindle […]

China Is Crashing and Greece Is Spinning Out of Control

The world is even more fragile than it was in 2007. The big banks are bigger. Aggregate bank assets are concentrated in fewer hands. The bank derivatives books are much larger. Market liquidity is worse. —James Rickards, The Daily Reckoning Well, ain’t that just dandy? And it’s undeniably true. We were told that the 2008 […]

Greece Rejects Central Banksters

Greece has voted to reject the “troika’s” bailout terms. The people of Greece said “no” to the central banksters who encourage sovereigns to enslave themselves under mountains of debt. The Greeks showed remarkable courage and resiliency, and their example could disrupt the entire international banking system. Tyler Durden at Zero Hedge: The Greek people have […]

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