ECONOMY
How Richard Nixon Wrecked Free Trade
The year was 1971 and the claims against dollar-based debt were pouring in from every country. The rumor was that the US did not really have the gold to pay. Foreign holders of US assets decided to test the promise, just in case. Sure enough, Nixon panicked and shut the […]
Administration Lie of the Day: “Trump Goaded China into a Bad Position”
Treasury Secretary Bessent is a bad liar. Clowns portray it as 5D chess. Lie of the Day and Hoot of the Day Bessent: “This was driven by the President’s strategy. He and I had a long talk on Sunday and this was his strategy all along. And you might even […]
UK PM Starmer To Make Stunning Admission: ‘Globalization Is Over’
British Prime Minister Keir Starmer will soon declare something ZeroHedge readers have known for quite some time – the economic system championed by the international elite is dead and gone. Starmer’s office told the Sunday Times that, “The world has changed, globalization is over and we are now in a new era.” “We’ve got […]
What Happens if All Trade With China Comes to a Screeching Halt?
This is no longer a highly unlikely scenario after Trump threatens another 50 Percent Tariff on China. The lead image is from Chad P. Bown, Senior Fellow at PIIE. Trump’s Social Media Threat “If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, […]
The Financial Kessler Effect
Like orbiting space debris, every loan that has been collateralized by an illiquid asset is a high-speed projectile with the potential to disable any other part of the system it impacts. Complex systems can undergo what’s known as phase shifts, where the state of the system changes abruptly. The classic example of […]
An Open Letter to Trump on Tariffs, But He’s not Listening
This letter isn’t from me, but it’s a great read. I found it on X. Open Letter by Shay Boloor The frustrating part is that I was on board for a reset. Truly. I’ve said it publicly. I’ve written about it in this very feed. I understood the need for […]
China Retaliates with Tariffs and Trade Restrictions
China imposed a 34% retaliatory tariff on all US goods that will go into effect on April 10. Trump hit China with a 34% tariff in addition to the 20% levy implemented earlier in the year, marking up all Chinese exports by 54%. China is not taking matter lightly, and […]
Wake Up! The Stock Market Is Crashing, Layoffs Have Surged More Than 200 Percent, And We Are Being Warned A Depression Is Coming
I am trying to find the words to describe the economic carnage that we are witnessing right now. Even before President Trump unveiled his new tariffs, the U.S. economy was rapidly heading in the wrong direction, layoffs were soaring, and stock prices were steadily falling. But now it is as if enormous amounts […]
Boom! Trump’s “Higher Than Expected” Tariffs Will Be An Epic Shock To Our Standard Of Living And To The Global Economy As A Whole
The global trade war is officially heating up. President Trump just unveiled a series of tariffs that were higher than expected, and business leaders all over the world are absolutely stunned. For many of those that have made a killing importing goods into the United States, their businesses have now […]
Debt Supports the Central Banking System. Not consumers.
“To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.” ~ Thomas Jefferson Written by Bryan Lutz, Editor at Dollarcollapse.com: Debt supports the Central Banking system. Not consumers. You know because of this… […]
