With 1929-like refrains all too common among Wall Street and the media today — to “not fight the Fed” — everyone seems to know that the Fed is “tightening” and sending the economy into recession, and yet almost no one seems to know what the Fed is doing. What are…

Credit is money creation and the worst credit decisions are always made at the end of the bubble. Look around. I will show that there is a dangerous global reliance on derivatives, collateral reuse, balance sheet manipulation, overnight funding and the general acceptance of dangerous assets (junkier junk bonds, stocks…

The BIS described the 2008 crisis as a dollar shortage. I believe evidences from around the world are clearly indicating that the great dollar shortage is back. This is a 40 year deflationary trend of the global reserve currency that has already negatively impacted global GDP growth, with each debt…

Monetary System 101 History is clear that “inflation is everywhere and always a monetary phenomenon”. However, our shadow banking / repo based monetary system is so complicated that people can’t understand or judge “monetary phenomenon”. …

Market crashes in the last century have come about every 6 years. However, towards the end of the long term debt cycle, which usually ends in an extraordinarily large crash, there is an equally extraordinary bull market. For example, before the crash of 1929 and the Great Depression we had…