Owner of a small cafe that specializes in fine cakes and sandwiches tells me: “We’ll be lucky if we get half the normal number in July and August.” It’s now “all about damage control.”… Read More Barcelona’s Epic Tourism Boom Is Over, Now the Crisis Begins: My Walk to the Beach
Three-quarters of the money appears to have gone AWOL… Read More Hundreds of Billions of Dollars of CARE Act Funds Are Unaccounted for at US Fed and Treasury
Big Tech’s reckoning has finally arrived… Read More The Week Big Tech Lost Power
High consumption and low savings helped set the stage for the explosion of violence across America… Read More The Economics of America’s Civil Unrest
“The Fed really has created a massive asset bubble here in the last few months. The lender of last resort has become the lender of the entire resort. And no red line shall remain uncrossed.”… Read More Wall Street Veterans Call Out the Fed for Creating a Dangerous Stock Market Bubble
The former king of Spain Juan Carlos is facing a storm of allegations over his financial dealings and his private life. Now his son, King Felipe VI, is fighting to preserve the monarchy… Read More Sex, Lies and Swiss Bank Accounts: The Allegations Against Spain’s Ex-king That Are Rocking His Son’s Reign.
A new tsunami of bad debts washes ashore while banks are still struggling with the debris from the prior tsunami of bad debts… Read More Italy Once Again on the Eurozone Worry List
“Why the huge push for counterterrorism ‘fusion centers,’ the DHS militarizing of police departments, and so on? It was never really about ‘the terrorists.’ It was not even about civil unrest. It was always about this moment, when vast crimes might be uncovered by citizens…”
A flurry of newsroom revolts has transformed the American press… Read More The American Press Is Destroying Itself
Financial institutions have been Beijing’s most powerful advocates in Washington. No organisation has been more important to the CCP’s campaign to penetrate US elites, or more willing than Goldman Sachs… Read More Bulls in a China Shop: How Beijing Cultivated Wall Street’s Giants
Julian called Yanis Varoufakis at 14.22 London time. He wanted to know what’s going on outside the walls of Belmarsh High Security Prison… Read More Julian Assange Just Called Yanis Varoufakis. To Talk About the Pandemic’s Effect on Capitalism & Politics!
The Federal Reserve is desperately hoping that the pandemic, the coast-to-coast protests and the military generals’ scathing rebuke of the President’s plan to “dominate” grannies and college kids with bayonets and Black Hawk helicopters in the streets would distract the public from its money-feeding tube to Wall Street.
Unfortunately for the Fed, Americans can multitask… Read More Fed’s Repo Loans to Wall Street Skyrocket by 230 Percent Week Over Week