Posts In Category

Economy

A stock is only worth what someone is willing to pay for it at a particular moment in time.  Sadly, this is a lesson that many GameStop traders are learning right now.  Just a few days ago, GameStop had surged above $300 a share and a lot of investors that …

The system of centralized totalitarian control over the population is crumbling before our eyes, and one elitist has already warned that should Wallstreetbets continue, they could take down that whole system. The “heavy hitters” (the billionaires, trillionaires, and rulers of the globe) in traditional finance have been concerned about the …

Make no mistake, the government’s reaction to COVID-19 — shutting down business, forcing people to state home, all the while granting monopolies to massive chains like Amazon, Walmart, etc. — has decimated the middle class and pushed the already-struggling poor that much deeper into despair. But you won’t see the …

For decades, the big fish on Wall Street have been able to do virtually anything that they want, but now the small fish are fighting back and it has been a beautiful thing to watch.  Finally, it is payback time, and the losses have been absolutely staggering.  In fact, Reuters …

For those that can’t detect sarcasm, I am not actually sharing “investment advice” in this article.  Rather, I am pointing out how absurd our financial markets have become at this point.  While the real economy is mired in the worst economic downturn since the Great Depression of the 1930s, the stock …

I warned that an economic collapse was coming, and an economic collapse is exactly what we got.  2020 was a “personal financial disaster” for 55 percent of all Americans, approximately 12 million U.S. renters are “at least $5,850 behind in rent and utilities payments”, the Aspen Institute is projecting that up to 40 million …

If your economy is “spiraling downward”, is that a good sign or a bad sign?  To me, that doesn’t sound good at all, but if I am mistaken please tell me.  I just want to make sure that I am not “misinterpreting” anything.  Brian Deese, the man who will shortly …

We crossed a line that should have never been crossed when we sent “stimulus payments” directly to the American people during the very early stages of the COVID pandemic.  Even many Republicans that supported the measure acknowledged that what they were doing was pure socialism, but they defended the payments …

A Pink Elephant and the Fed Bloomberg’s Peter Coy @petercoy has an excellent article on Fed policy worth a good look: Don’t Think About Pink Elephants or Tighter Monetary Policy “There really aren’t any hawks left on the FOMC,” only doves of different degrees, JPMorgan Chase & Co. Chief U.S. Economist Michael Feroli wrote to …

Isn’t it fun to live in a rotting, decaying society that is coming apart at the seams all around us?  The latest economic numbers are extremely depressing, but now that free speech is being abolished and the elite are consolidating control over every aspect of our society, we are being assured that …