Author: The Automatic Earth

The Economics of the Future

The Economics of the Future by Michael Hudson – SafeHaven At first glance Steve Keen’s new book Can We Avoid Another Financial Crisis? seems too small-sized at 147 pages. But like a well-made atom-bomb, it is compactly designed for maximum...

How To Drain The Deep Swamp

How To Drain The Deep Swamp Obviously, like hopefully many people, I’ve been following the WikiLeaks CIA revelations, and closely. It’s too early for too many conclusions, if only because WikiLeaks has announced much more will flow from that same...

New questions arise about FBI probe into ‘Russian’ election-year hacking as it’s revealed they never asked to examine Democratic Party’s server

New questions arise about FBI probe into ‘Russian’ election-year hacking as it’s revealed they never asked to examine Democratic Party’s server   FBI never asked Democratic National Committee for a look at the computer server the government now claims was...

James Comey, American Hero

James Comey, American Hero

James Comey, American Hero It looks like I owe you an update. Things move fast in the FBI vs Huma Abedin case. When only some 24 hours ago I started writing my article “Throw Huma Under the Bus?”, there was one...

The IMF and All The Other Losers

The IMF and All The Other Losers

I read a lot, been doing it for years, about finance and affiliated topics (a wide horizon of them), which means I’ve inevitably seen a wholesale lot of nonsense fly by. But for some reason, and I think I know...

How to Suffocate Your Economy: Drown it in Massive Private Debt.

How to Suffocate Your Economy: Drown it in Massive Private Debt.

By Richard Vague does the IMF keep badly missing its global growth forecast? And what does that have to do with the 2016 presidential election? In the years since the 2008 global crisis, when the world’s growth rates tumbled, the IMF...

Hillary Became Unelectable Long Ago

Hillary Became Unelectable Long Ago

Whenever I bring up something Hillary Clinton has done or failed to do, there are always people who react with a “Yes, but Trump did so and so…!” reflex. I’d like to get that out of the way first of...

Negative Interest Rates and the War on Cash

Negative Interest Rates and the War on Cash

Nicole Foss: As momentum builds in the developing deflationary spiral, we are seeing increasingly desperate measures to keep the global credit ponzi scheme from its inevitable conclusion. Credit bubbles are dynamic — they must grow continually or implode — hence they...

Negative Interest Rates and the War on Cash

Negative Interest Rates and the War on Cash

Financial Totalitarianism in Historical Context   Nicole Foss: In attempting to keep the credit bonanza going with their existing powers, central banks have set the global financial system up for an across-the-board asset price collapse: QE takes away the liquidity preference choice out...

Negative Interest Rates and the War on Cash

Negative Interest Rates and the War on Cash

It’s been a while, but Nicole Foss is back at the Automatic Earth -which makes me very happy-, and for good measure, she starts out with a very long article. So long in fact that we have decided to turn...

Meanwhile in Greece..

Meanwhile in Greece..

Everyone gets 15 minutes of fame. Greece had its spot in the limelight last year. It is now no longer famous. We have all moved on to bigger dramas, or so we think. The French feel theyare the victims because of...

Deflation Is Blowing In On An Eastern Trade Wind

Deflation Is Blowing In On An Eastern Trade Wind

Brexit is nowhere near the biggest challenge to western economies. And not just because it has devolved into a two-bit theater piece. Though we should not forget the value of that development: it lays bare the real Albion and the...