NATION
IRS Whistleblower Says Weiss Allowed Statute Of Limitations To Expire In Hunter Biden Case
Who Is The Big Guy? Twitter
4 Key Takeaways From IRS Whistleblowers’ Insights on Impeded Hunter Biden Probe
‘America’s New Slave Trade’ Is Here at Hands of Mexican Cartels, Border Expert Tells Lawmakers
The US Government’s New ‘Ministry of Truth’: The Cybersecurity and Infrastructure Security Agency
Fauci and the Hagiographical Style of American Journalism
DOD Memo Says Transgender Soldiers on Hormone Therapy Can Skip Deployments
The Two Causes of the Coming Great Depression
The real policy error was protecting the wealthy who owned the debt from a debt-clearing write-down. The wealthy own debt, the non-wealthy owe debt. When the debt is defaulted on, the lender / owner of the debt has to absorb the loss. The debtor is freed of the burden. In a debt-clearing event driven by defaults, insolvencies and bankruptcies, the wealthy are the losers and the debtors are freed of the burden of debt.
Various programs were implemented to stave off the consequences of default, as if pushing losses into the future would somehow enable the credit bubble to reinflate. That’s not how it works: the financial system is like a forest, and if the dead wood of bad debt piles up and isn’t allowed to burn, then the forest cannot foster new growth.
Economies that refuse to accept the wealth destruction that results from credit bubbles popping stagnate. This is the story of Japan from 1990 to the present: the status quo in Japan refused to accept the losses, hiding bad debt (i.e. non-performing loans) behind artifices such as new loans that covered the interest due, listing the non-performing loans in “zombie” categories, i.e. as assets that were still on the books at full value even though they were essentially worthless, and so on.
The net result was 33 years of stagnation and social decay as young people gave up on owning homes and having families
WORLD
Violent clashes in first of three days of protests called by Kenyan opposition
‘UAE stabbed us in the back’: MBS
‘This Is Rigged’ Protesters Shut Down 70% of Scottish Fuel Supplies
The Media and Ukraine War Coverage: Where Truth Takes a Holiday
A Bit of Political Theater in Vilnius
HEMISPHERE
Surrey RCMP investigating string of suspicious fires in Green Timbers Park
HEALTH
MACRO
Shrinkflation: You’re Paying More and Getting Less
Zimbabwe’s $1 billion lithium plan faces setback as Chinese partner cuts stake
MICRO
Netflix Tumbles Despite Blowing Away Subscriber Estimates, As Revenues Miss, Guidance Disappoints
WORTH ANOTHER LOOK
Dr. Drew Questions David Maraniss About Barack Obama: The Story YT
IN CASE YOU MISSED IT
IRISH FARMERS OUTRAGED AS GOVERNMENT MOVES TO CULL 200,000 HEALTHY COWS TO MEET CLIMATE GOALS
CULTURE OR SOMETHING LIKE THAT
Jason Aldean – Try That In A Small Town Rumble
EDITOR’S NOTES
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6. We believe it is more important than ever for Americans to monitor world affairs. The most influential man in America is probably George Soros and he is not in America–nor is he an American. Other understated influences on America include World Economic Forum, BBC, and CBC, to name but a few.
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