By: Llewellyn H. Rockwell Jr. Ideas are all-important. Indeed, they are more powerful than armies, as Victor Hugo noted. But ideas are advanced by specific individuals, and inculcated in them, and historically tied to them. How blessed are we that we have not a criminal like Marx nor a monster, like Keynes to follow, but […]
Archives for December 2015
Financial minds most concerned with growing household debt in Canada: poll
Are Canada’s top money managers more frightened about the growing household debt across Canada or the Great White North’s growing housing bubble? Despite both being related to one another, debt is the winner. According to an informal Business News Network (BNN) survey, most money managers are terrified of the mounting debt than the housing bubble. […]
What will the ‘1099 economy’ look like in 2016?
Since the financial crisis, the United States has been referred to as a Part-Time Jobs Nation. If the country could only be so lucky! It’s now going to be referred to as the Temp Jobs Nation moving forward. There’s been a lot of talk about an extinction of the full-time employee. The rise of the […]
Will collapse of massive derivatives market lead to ‘financial Armageddon’?
In the United States, there are five “too big to fail” banks that each have more than $30 trillion in derivatives contracts. When combining all of the biggest banks, there is just under one-quarter of a quadrillion dollars of exposure to derivatives contracts in the U.S. alone. As we reported earlier this year (SEE: Collapse […]
Wow! Federal Reserve to pay U.S., foreign banks $12.2 billion in 2016
Between 2008 and 2015, the Federal Reserve acquired more than $4 trillion worth of bonds. Indeed, a lot of money was printed and now the Fed maintains an astronomical balance sheet. In order to keep the money it printed as part of its quantitative easing initiatives since 2008, the Fed will pay United States and […]