In 2017, the financial world was filled with talk of synchronized sustainable growth in major economies for the first time since before the 2008 global financial crisis. This was being proclaimed by global financial elites including Christine Lagarde, head of the IMF. Now that vision is in ashes. Synchronized global growth has turned into a
We’ve written many articles on the move toward a “cashless society.” These articles describe how liberal academics such as Ken Rogoff and Larry Summers have campaigned for the elimination of cash and its replacement by 100% digital payments systems. This is part of a thinly veiled agenda to monitor all financial transactions, impose negative
Side by side with the bitcoin price bubble have been a series of scams designed to pump up the price to encourage unsuspecting victims to buy more crypto from unscrupulous miners. These scams include trading the same crypto back and forth at progressively higher prices to create the false impression of a price rally
I did a television interview in December 2017 at a time when the price of bitcoin was going up $1,000 per week. The interview went viral and had over 1 million likes on Facebook. On the exact day of the interview, bitcoin was around $8,000 per coin. My forecast was that bitcoin would go
Over the past five years, we’ve pointed to many examples of the Federal Reserve’s lack of knowledge as to how the U.S. economy actually works. The Fed has never accurately predicted a recession. The Fed has never seen a financial panic in advance. Fed growth forecasts are incorrect by orders of magnitude year after
When critics point to Japan’s debt-to-GDP ratio of over 200%, Japan’s defenders are quick to say that most of the Japanese debt is owned by the Japanese themselves in insurance companies, banks, pension plans and personal portfolios, not to mention the Bank of Japan. There’s truth in this. Japan has a highly homogenous culture.