“Black Swan” Author Just Issued a Powerful Warning About Global Debt

By Frank Holmes – Re-Blogged From Gold Eagle

The world is more fragile today than it was in 2007. That’s the opinion of former derivatives trader Nassim Taleb, whose bestseller, The Black Swan, is about how people make sense of unexpected events, especially in financial markets. True to form, he made a whole lot of money after predicting the global financial crisis more than a decade ago.

Speaking with Bloomberg’s Erik Schatzker last week, Taleb said the reason why he has reservations about today’s economy is that it suffers from the “same disease” as before. The meltdown in 2007 was a “crisis of debt,” and if anything, the problem has only worsened.

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Greatest Demographic Shift In History

By Marin Katusa – Re-Blogged From Silver Phoenix

The economy depended on the spending habits of baby boomers the last three decades.

The success and failure of many companies depended on the spending habits of those same baby boomers.

It was all about the baby boomers.

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Universal Basic Income For Everyone!

By Gary Christenson – Re-Blogged From Silver Phoenix

Several countries and cities studied and tested a universal basic income (UBI). At first glance it looks like giveaway nonsense:

  1. Who pays for the giveaways?
  2. Does the UBI discourage work and self-improvement?
  3. How much price inflation does it create?
  4. How much additional unpayable debt will be created by the UBI?
  5. The UBI should be how large? If $1,000 per month per person is good, is $10,000 per month better? Which bureaucrat defines the size of the benefit?
  6. Does it apply to everyone? Adults only? Means tested? Only those who voted and paid taxes? Only those in good standing with the “thought police?”

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“Printing Money” and Cocaine

By Gary Christenson – Re-Blogged From Deviant Investor

The addictive behaviors of drug addicts are similar to the actions of a modern “Keynesian” economy addicted to “money printing” by central banks and fractional reserve banking.

From Psychology Today on Addiction:

“Addiction is a condition in which a person engages in use of a substance or in a behavior for which the rewarding effects proved a compelling incentive to repeatedly pursue the behavior despite detrimental consequences.”

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Federal Deficits Are Worse Than You Think

By Mark Brandly – Re-Blogged From Silver Phoenix

Ocasio-Cortez Supporters Give Jaw-Dropping Answers When Asked How We’ll Pay For ‘All That Free Stuff’

By Julio Rosas – Re-Blogged From IJR

With congressional candidate and self-proclaimed democratic socialist Alexandria Ocasio-Cortez making big promises to voters, Campus Reform visited the district she’s running in to ask how taxpayers will pay for them.

According to her campaign website, Ocasio-Cortez wants a medicare for all plan, a federal jobs guarantee with a $15 minimum wage and tuition-free public colleges.

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