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~ Quotables ~ "There is no clean way to make a hundred million bucks. Somewhere along the line guys got pushed to the wall, nice little businesses got the ground cut out from under them. Decent people lost their jobs. Big money is big power, and big power gets used wrong. It's the system." ~Raymond Chandler , The Long Goodbye -
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Category Archives: The Mine or the Shaft
Total system failure will give rise to new economy
Covid-19 driven collapse of global supply chains, demand and mobility will painfully spawn next great tech-led economic models Nobody, anywhere, could have predicted what we are now witnessing: in a matter of only a few weeks the accumulated collapse of … Continue reading
Date of Economic Death for the United States is 1 May 2020
AE Global Solutions Letter to President Trump: Date of Economic Death for the United States is May 1, 2020. [Appropriately, MAY Day ~ Ed.]
Some governors to begin reopening economies this week
‘We don’t have to wait until May 1’ With some 95% of Americans under lockdown amid disaster declarations in all 50 states in response to the coronavirus pandemic, governors are making plans to reopen business and public life. Texas Republican … Continue reading
Small Business Guarantees Are A Bucket Of Moral Fraud
The coronavirus Small Business Relief program is a bucket of first come first serve moral fraud. The New York Times says Small-Business Relief Effort ‘a Mess’ The Hill says Small businesses still struggling for loans even as $100B is approved … Continue reading
Get Ready for World Money
Since Federal Reserve resources were barely able to prevent complete collapse in 2008, it should be expected that an even larger collapse will overwhelm the Fed’s balance sheet. That’s exactly the situation we’re facing right now. The specter of a … Continue reading
They sure ’nuff Stim-U’d US
Digital Dollar And Digital Wallet Bill Surfaces In The U.S. Senate
It’s coming… It IS coming! …and so you begin to understand… A bill has surfaced in the Senate called the ‘Banking For All Act’, sponsored by the Ranking Member of the Senate Banking Committee, U.S. Senator Sherrod Brown (D-OH). In … Continue reading
Corona ~ The WEAK in Review
NEW YORK HEALTH OFFICIALS TOLD RESIDENTS TO CONGREGATE IN HUGE CROWDS IN “DEFIANCE” OF CORONAVIRUS Back in February, health officials in New York told residents to congregate in huge crowds in “defiance” of Coronavirus, a move that could have exposed … Continue reading
…so everything is going just fine… Huh?
Payments Panic and the Ending of Fiat Currencies
The unilateral response from governments to the coronavirus is to helicopter money to people and their businesses in unlimited quantities. Their priority is to keep the debt-driven Keynesian show on the road, and policy makers are approaching the task with … Continue reading