By: Thorsten Polleit Quite a few people may wonder why the global fiat money system has not yet collapsed. The fiat money system did not crash in the financial and economic crisis of 2008/2009, when a great many people feared the debt pyramid would come crashing down. And it has not gone belly-up in the […]
Archives for April 2020
Millions of Americans unemployed, financial markets rallying – What’s happening?
It says a lot about financial markets when Wall Street has had its greatest week in decades while millions of Americans have lost their jobs. It shows the power of the Federal Reserve and Congress. Justin Horwitz, a Democratic strategist, posted this screenshot of Jim Cramer and Mad Money. It quickly went viral. Everything that […]
Goldman Sachs says U.S. reached market bottom, year-end S&P 500 to 3,000
Did the U.S. stock market bottom on March 23? It’s quite likely, says Goldman Sachs in a new report. The Wall Street juggernaut presented the case that American equities are unlikely to test new lows because of Washington’s “do whatever it takes” initiative on the fiscal and monetary fronts. GS argues that unprecedented policy support […]
TYRANNY: Is it time to stop listening to the experts on COVID-19?
By: Onar Am Leave it to the experts: That’s what folks are telling President Trump about Coronavirus guidelines. Should he? Even if the medical experts really do know how best to survive the pandemic, should we give them the reins of power? Each expert also represents an interest group. That’s fine, but the job of […]
Made in China era over? New study reveals U.S. firms ditching Beijing
Is the Made in China era over? Possibly. According to global manufacturing consulting firm Kearney’s seventh annual Reshoring Index study, there has been a gradual shift of U.S. companies moving their manufacturing operations from China to Vietnam (46 percent of its manufacturing base comes from China), Thailand, Indonesia, Malaysia, and Taiwan. Patrick Van den Bossche, […]