As long as central banks create and distribute trillions in conscience-free credit to conscience-free financiers and corporations, the incentives for sociopathy only increase.
Taxation is the most visible means of doing so, and it eventually meets with popular resistance. They can borrow the money they need, but this borrowing is likewise visible to the public in the form of higher interest rates - as the federal gove
...according to former U.S. Federal Reserve Chairman Alan Greenspan, there is no need for a digital currency issued by central banks at all.
Here we go as predicted: the Lebanese central bank attempts to prevent a "panic mode" scramble on the part of the public to remove all deposits, and the recently imposed (unofficial) regulations geared toward staving off capital flight are predictabl
Central banking can only exist at the expense of Liberty. The longer that it exists, the more Liberty it destroys. Ultimately, one of the two must give.
Less than a year after his finance ministry failed to broker a merger between Commerzbank and Deutsche Bank in a bid to rescue the flailing German lending giant (Deutsche) and create a new national champion (or so he hoped),
The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later.
Central banks are easing, and stocks have reached a record high. But that doesn't mean that everything is okay. Jeffrey Gundlach sees big trouble ahead.
Today we live in a bifurcated economy: it is boom times for some and bust times for others.
The 20th century was the century of total war.
German banks have presented a position paper in which they make several arguments for the digital euro.
First it was Baoshang Bank , then it was Bank of Jinzhou, then, two months ago, China's Heng Feng Bank with 1.4 trillion yuan in assets, quietly failed and was just as quietly nationalized.
Crown Prince Mohamad bin Salman is once again making the rounds and unceremoniously shaking down his country's elite - this time by asking them to commit to anchor investments in the Aramco IPO, one of the largest offerings ever.
Let's get to the bottom line on all this "rate cut" nonsense.
With the global economy experiencing a synchronized slowdown, any number of tail risks could bring on an outright recession. When that happens, policymakers will almost certainly pursue some form of central-bank-financed stimulus, regardless of wheth
Actually, the big squeeze that began in September never went away; but repo auctions last week looked worse than ever, in spite of the Fed's launching of QE4ever.
It is becoming a full on, four-alarm redemption stampede at Ken Fisher's firm, Fisher Investments.
Eurozone fragmentation is massive. Target2 imbalances are just part of the picture.
What's behind the ever-increasing need for emergency repos? A couple of correspondents have an eye on shadow banking.
The decelerating growth and/or outright decline of the working age population is clearly visible in every part of the world.
Eight years after he took over from Jean-Claude Trichet, today Mario Draghi held his last Governing Council meeting before Christine Lagarde takes over on 1 November.
If there is one thing the WeWork fiasco has taught us, it is that cracks in many legacy narratives...
More than half of the world's banks are at risk of collapse in the next global downturn if they don't start preparing for late-cycle shocks, McKinsey & Company warned in its latest global banking outlook.
John McAfee discusses mainstream media and social media platforms, the government's stronghold on personal freedom using central banking and how the public can break free using decentralized technology, his presidential run and much more on Episode
More and more global leaders sound the alarm that the world economy is headed for a difficult period in 2020.
In the past month, a feud has erupted in the financial media and across capital markets between defenders of the Fed, who praise the return of its unprecedented easing in the form of $60BN in monthly T-Bill purchases, by refusing to call it by its re
If you wake up on a Casper mattress, work out with a Peloton before breakfast, Uber to your desk at a WeWork, order DoorDash for lunch, take a Lyft home, and get dinner through Postmates, you've interacted with seven companies that will collectivel
It's not just "tinfoil blogs" who (for the past 11 years) have been warning that a monetary reset is inevitable and the only viable fallback option once trust and faith in fiat is lost, is a gold standard (something which even Mark Carney hinted at r