All banking crises are repo and shadow banking blowups (now more than ever)Every bank blowup in the last many decades has been in repo — the S&L Crisis, Bear Stearns and even Enron.Apr 10, 2023Apr 10, 2023
The Fed does NOT control rates, inflation, or money: They do “expectations”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…Oct 3, 2022Oct 3, 2022
Is The Second Great Financial Crisis Imminent?Credit is money creation and the worst credit decisions are always made at the end of the bubble.Sep 18, 2022Sep 18, 2022
Global Debt Ponzi: The Dollar Shortage Is BackThe BIS described the 2008 crisis as a dollar shortage. I believe evidences from around the world are clearly indicating that the great…Jun 15, 2022Jun 15, 2022
Are We Headed For A Market Crash?“The easiest thing of all is to deceive one’s self; for what a man wishes he generally believes to be true.” — DemosthenesFeb 2, 2021Feb 2, 2021
