Tag Archives: debt

Trump Already Fading into Irrelevance

Eric Zuesse, originally posted at strategic-culture.org This will be a nonpartisan commentary about U.S. politics, as viewed by an American historian who is disgusted with the profoundly corrupt U.S. Government — not merely the political Parties, but the billionaires who … Continue reading

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Why the Coming Wave of Defaults Will Be Devastating

In an economy based on borrowing, i.e. credit a.k.a. debt, loan defaults and deleveraging (reducing leverage and debt loads) matter. Consider this chart of total credit in the U.S. Note that the relatively tiny decline in total credit in 2008 … Continue reading

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Why Helicopter Money Won’t Push Stocks Higher

The possibility that Japan might launch helicopter money stimulus sent global stock markets soaring in a paroxysm of pleasurable anticipation. But exactly what is helicopter money and what connection does it have to stock valuations, if any? Broadly speaking, helicopter … Continue reading

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We’re in the Eye of a Global Financial Hurricane

The Keynesian gods have failed, and as a result we’re in the eye of a global financial hurricane. The Keynesian god of growth has failed. The Keynesian god of borrowing from the future to fund today’s consumption has failed. The … Continue reading

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2016 Theme #5: The Systemic Failure of High Finance

A number of systemic, structural forces are intersecting in 2016. One is the failure of high finance to fix the global economy’s systemic problems. The operative conceit of the past 7 years has been that high finance can fix whatever’s … Continue reading

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How America’s Corrupt Press Are Destroying the Country

Eric Zuesse Even the best of America’s major mainstream and alternative-news media understate enormously the degree to which America’s government is corrupt; and, as a result, the public end up voting for corrupt politicians such as George W. Bush and … Continue reading

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2016 Theme #4: The End-Game of Debt-Fueled “Growth”

A number of systemic, structural forces are intersecting in 2016. One is the end-game of debt-fueled “growth.” We can summarize the official “solution” to the Global Financial Meltdown of 2008 in one line: borrow and blow trillions–of yen, yuan, dollars, … Continue reading

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If You Want to Limit the Power of the Super-Wealthy, Stop Using their Money

Many well-meaning people want to limit the wealth and power of the super-wealthy, i.e. the Financial Aristocracy/Oligarchy. (For more on the modern class structure, please see America’s Nine Classes: The New Class Hierarchy.) Reformers have suggested everything from a global … Continue reading

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The “American Dream” is Over–and Voters Know It

Despite a ceaseless propaganda campaign declaring all is well with the U.S. economy, the Status Quo is fragile–and voters know it. Not only do they know the economy–and their financial security–is one crisis away from meltdown, they’re also fed up … Continue reading

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2015: The Last Christmas in America

If we define Christmas as consumer spending going up while earnings are going down, 2015 will be the last Christmas in America for a long time to come. In broad brush, Christmas (along with all other consumer spending) has been … Continue reading

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The Federal Reserve, Interest Rates and Triffin’s Paradox

One result of the global dependence on central bank interventions is a unhealthy fixation on the slightest changes in those interventions, oops I meant policies. Since the slightest pull-back in central bank inflation of asset bubbles could spell doom for the … Continue reading

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Why The Status Quo Is Doomed, Part 1

We’re like the passengers on the Titanic 10 minutes after the mighty ship struck the iceberg: there is virtually no evidence to those on deck or those snug in their warm cabins that everything they reckoned was safe and secure … Continue reading

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HISTORIC NEWS: Finally, EU Breaks Away from U.S.

Eric Zuesse On Saturday, September 12th, United Kingdom’s Labour Party elected as its leader and their candidate to lead the UK, Jeremy Corbyn, who has been the most vocal British critic of the UK’s serving as the lap-dog of an aggressive … Continue reading

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OPINION: Why Every American Should Vote for Bernie Sanders

Eric Zuesse, commenting about Thad Beversdorf’s article about Sanders’s record On August 19th, the brilliant Thad Beversdorf opened by posting a five-minute-long 2003 video of Vermont’s then-congressman Bernie Sanders, who was interrogating the deified Federal Reserve Chairman Alan Greenspan, and … Continue reading

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Why the Bear of 2015 Is Different from the Bear of 2008

It’s tempting to see similarities in last week’s global stock market mini-crash and the monumental meltdown that almost took down the Global Financial System in 2008-2009. The dizzying drop invites comparison to the last Bear Market that took the S&P … Continue reading

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George Soros’s Fakery

Eric Zuesse, originally posted at strategic-culture.org George Soros pretends to be a progressive, but he invests in and finances nazis. That’s not “Nazis” as in National Socialist Party of Germany, which was outlawed after WW II, and whose racist obsession … Continue reading

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We Need a Crash to Sort the Wheat from the Chaff

When a speculator bought a new particle-board-and-paint McMansion in the middle of nowhere in 2007 with nothing down and a $500,000 mortgage, the lender and the buyer both considered the house as $500,000 of collateral. The lender counted the house … Continue reading

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Perhaps This Is Obama’s Grand Strategy

Eric Zuesse Washingtonsblog’s anonymous founder and principal commentator is one of the most deeply knowledgeable writers on current events, and on July 19th he headlined “Governments Worldwide Will Crash the First Week of October … According to 2 Financial Forecasters.” He noted that both Martin … Continue reading

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Agency to Enslave Greeks Is Established

Eric Zuesse Late on Thursday, July 16th, German Economic News headlined “Greece: Debt Restructuring Through the Back Door,” and reported that, “The majority of Greece’s national debt is to be moved in the next three years gradually to the euro … Continue reading

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New IMF Report on Greece Says Projections Are Unrealistically Optimistic

Eric Zuesse A new IMF report on Greece, issued on Tuesday, July 14th, is titled “AN UPDATE OF IMF STAFF’S PRELIMINARY PUBLIC DEBT SUSTAINABILITY ANALYSIS,” and it says — these are quotations, not paraphrases — in summary: Greece’s public debt has become highly … Continue reading

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