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Jul 08 2023 
The United States’ Financial Quandary: ZIRP’s only Exit path is a Crash.
From Michael Hudson
President, Institute for the Study of Long-term Economic Trends (ISLET)
Emeritus Prof. of Economics, UMKC
AbstractInterest-bearing debt grows exponentially, in an upsweep. The non-financial economy of production and consumption grows more slowly as income is diverted to carry the debt overhead. A crash occurs when a large part of the economy cannot pay its scheduled… Continue reading
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Jul 08 2023 
Dmitry Medvedev: Biden’s Armageddon Dream
From Medvedev’s Channel
Sleepy senile Biden said that two years ago in Geneva he denied the President of Russia guarantees that Ukraine would not join NATO. Like I’m done, I didn’t cave in under the Russians!
Then, however, he shamefully fled from Afghanistan. Then, to hide the shame, he ruined the economy of Europe. Subsequently, having delivered… Continue reading
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Jul 08 2023 
Transcript of part of Janet Yellen’s speech in China, with comments.
Up to now, Yellen’s China visit takes a low profile in Chinese media. She is not treated as an important guest, but she is nevertheless treated kindly. In fact, she is spending more time with American business in China, than with the Chinese. There was a rainbow in the sky as she arrived and it… Continue reading
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Jul 08 2023 
Daily Chronicles
The Daily Chronicles are snippets of the most important news across the world for this and each day as it rolls in – as such, this thread is non-structured with the latest news on top.
The featured image is an oil painting from an artist in the DPRK and was chosen for no reason at all,… Continue reading
