#Arkhaven INFOGALACTIC #Castalia House
From NRO’s Corner: Reuters reports Bush will tap White House economic adviser Ben Bernanke as the new Fed chief. I know nothing about Bernanke, but the Dow is up a bit today, so perhaps this is a good choice. Actually, it’s a disastrous and entirely predictable one. I called this one back in June, as […]
As has been repeatedly pointed out by Owen and others, the more one lies, the more one loses the ability to recognize the truth even when it is staring one right in the face. The idea that China’s economy is collapsing, and therefore the Chinese Communist Party is on the verge of succumbing to a […]
Karl Denninger explains why businesses – indeed, entire industries – that work as long as credit is expanding fail rapidly once the debt-money supply begins to contract: The reason these businesses tend to collapse so fast is because they live right on the edge. They’re always expanding as rapidly as they can, and funding that […]
I put up a post on Gab attempting to explain to Boomercons that eliminating student loan debt was not inflationary. I was unsuccessful, on the basis of the 193+ replies. Dear Boomercon, Eliminating student loan debt is not inflationary. It cannot be inflationary, because in a credit economy, cancelling debt reduces the quantity of credit […]
I welcome all participants and guests of the 25th St Petersburg International Economic Forum. It is taking place at a difficult time for the international community when the economy, markets and the very principles of the global economic system have taken a blow. Many trade, industrial and logistics chains, which were dislocated by the pandemic, have been subjected to new tests. Moreover, such fundamental business notions as business reputation, the inviolability of property and trust in global currencies […]
WWIII is WWC. In which Ishmael examines the next two years of Clown World’s manufactured crises, out of which the globalists hope their new-and-improved New World Order will be born like a phoenix rising from the ashes of its previous iteration: The past 2+ years have been an example of evil’s influence increasing. Or more […]
The sudden, rampant inflation that we’re seeing is the result of the neo-liberal rules-based world order’s attempt to preserve its hegemony. It’s not the usual excess money supply caused by low interest rates creating more debt money; if it were, interest rates could simply be raised to keep inflation under control. But with the first […]
Sri Lanka just defaulted on its debts for the first time since independence in 1948: The Government yesterday signaled Sri Lanka was bankrupt, announcing a temporary suspension of repayment of all external debt as of yesterday, saying the country can no longer honour its commitment owing to poorer financial position caused by external and internal […]
Yesterday, we launched Steve Keen’s EconComics on Arktoons. If you’re inspired to dig a little deeper in order to understand the very important role that debt plays in the economy, I would encourage you to read this extended essay on the subject written by the greatest living economist. You may wish to keep in mind […]
MEDIA WHORES: COURTESANS AND CHARLATANS OF THE AMERICAN COMMENTARIAT CHAPTER TWO: The Courtesans Cogliendo le rose. Aristotle insists that in the process of rhetorical discourse, it is necessary to define one’s premises. The media brothel exists, of this there can be no doubt, but what defines the whores who inhabit it? For just as not […]