Why Isn’t There A Demonstrably Correct Economic Theory?

Submitted by Charles Hugh-Smith of OfTwoMinds blog [9], Although economics doesn’t recognize it, the operative phrase here is systemic injustice. Correspondent C.G.D. recently asked what I consider a very profound question: why isn’t there demonstrably correct economic theory? “My wife has asked me a ‘simple’ question that I can not answer. After 2000 years, why do we […]

12 facts all investors should know

1) The Federal Reserve is a private bank.  It is not a part of the US Government.  Ironically, the FDIC is owned and operated by the US Government, as are many other government sponsored organizations that would bear the burden of any crisis. “Some people think that the Federal Reserve Banks are United States Government […]

The real economic truth about US China monetary ties

This analysis is about debunking the myth that China has some power over the US because of it’s large debt holdings.  Let’s just say this is a myth created by propaganda or lack of understanding.  It’s nonsense. Another myth is that China is a currency manipulator.  The Yuan is pegged to the US Dollar (although […]

Financial Reforms Drove the Soviet Union Into the Grave

Who of the famous people in Russia’s modern history said the phrase: “I wanted the best, but it turned out as always”? There is quite a list of names that comes up in this connection, although it is associated with only one man – the Minister of Finance of the USSR, Valentin Pavlov, who once […]

IMF Economists Say The Economic Recovery Is A Fake

WE ALWAYS BELIEVE THE IMF Yet another ‘leaked report’ this time tells us something we have suspected for a long time – not only concerning the IMF’s underhand “plausible denial” way of communicating bad news. The story starts with an internal IMF report called ‘confidential’ which was ‘leaked to a Wall St Journal contributor’. This […]

40 Stats That Show The U.S. Economy’s Real Collapse Over The Past Decade

Submitted by Michael Snyder of The Economic Collapse blog [17], The “coming economic collapse” has already been happening.  You see, the truth is that the economic collapse is not a single event.  It has already started, it is happening right now, and it will accelerate during the years ahead.  The statistics in this article show very clearly that the […]