When Donald Trump blurted out that not paying his taxes “makes me smart,” he was revealing a truth about the American narcissist. Senator Lindsey Graham was being equally arrogant when he stated, “It’s really American to avoid paying taxes, legally…It’s a game we play.” The game has become very popular, with an incomprehensible three-quarters of Fortune 500 companies stashing profits …
David Haggith – Epocalypse Soon: The Great Economic Collapse is Happening
I use the term “epocalypse” to name the last days of the global economy as we know it — a global economic collapse of biblical proportion. It is economic, epochal, an apocalypse that will change the world and a collapse ” all in one word that sounds the right size for what I’m talking about. Call it the “Great Collapse” …
Bill Holter – More Market Instability? The Highly Leveraged Nature of our Financial System is Teetering
This week shapes up as one which could go down in the history books! Markets last week were tumultuous from weak equities, illiquid credit markets, FOREX markets in disarray and commodities hitting the skids …yet the Federal Reserve is intent on hiking rates? Have they taken this position because the markets are strong? Or because the economy …anywhere on the …