By Simon Black There’s been something happening this month that very few people have noticed. It’s been lost beneath all the other headline-dominating news, from the Las Vegas shooting to Harvey Weinstein to the Mueller investigation. But very quietly behind the scenes there’s been an extremely rapid uptick in the US national debt. In the month of October alone, the …
One Man’s Opinion: Can Blockchain Prevent Government Overreach by Decentralizing Institutions?
By ZeroHedge Government overreach is cited often using examples of pointless and harmful laws and their heinous results. Take, for instance, a case in 2012 that saw one Oregon man jailed for collecting rainwater from the ponds on his property. Oregon local law states that all water is a public resource, even reservoirs that reside on private property so technically, …
One Man’s Opinion: Science Tells Us This Is All True
By Simon Black On April 30, 1934, under pressure from Italian-American lobby groups, the United States Congress passed a law enshrining Columbus Day as a national holiday. President Franklin Roosevelt quickly signed the bill into law, and the very first Columbus Day was celebrated in October of that year. Undoubtedly people had a different view of the world back then… …
One Man’s Opinion: The US Government Lost Nearly $1 Trillion In FY2017. Again.
By Simon Black There was a time, centuries ago, that France was the dominant superpower in the world. They had it all. Overseas colonies. An enormous military. Social welfare programs like public hospitals and beautiful monuments. Most of it was financed by debt. France, like most superpowers before (and after), felt entitled to overspend as much as they wanted. And …
One Man’s Opinion: China Catalyst To Send Gold Over $10,000 Per Ounce?
By GoldCore Jim Rickards is on record forecasting $10,000 gold. But is China about to provide the catalyst to send gold even higher? And by how much? Today, we fare forth in the spirit of speculation… follow facts down strange roads… and arrive at a destination stranger still… China — the world’s largest oil importer — struck lightning through international …
One Man’s Opinion: QE Unwind Starts Oct. 1. Rate Hike In Dec. Low Inflation, No Problem.
By Wolf Richter The two-day meeting of the FOMC ended on Wednesday with a momentous announcement that has been telegraphed for months: the QE unwind begins October 1. It marks the end of an era. The unwind will proceed at the pace and via the mechanisms announced at its June 14 meeting. The purpose is to shrink its balance sheet and undo what …