“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford in 1922 Good morning and welcome back to Bygone Relics, I’m C Thomas Printer and the reason we talked about Fordism last …
debt
We are reviewing the $1.7 trillion US government spending bill which is 4000 pages – designed carefully not to be read- ! It was passed in December 2022. We wanted to make sure you don’t quickly forget about it – because it is a gigantic foolish spending with YOUR taxpayer dollars. $153.8 billion on food …
This week on Looking Backwards: New Zealand PM quitting, and the protests in Peru. This week on Looking Forwards: threats that could hinder China to become a superpower, the US hitting the debt ceiling, and Brazil-Argentina discussing creating a common currency. Jacinda Ardern resigns as prime minister of New Zealand | Jacinda Ardern | The …
Who is in control? The FED? Or the bond market? C Thomas walks us through two opposite views of Jeffrey Gundlach and Zoltan Pozsar. You can read this episode here, or listen on Spotify, or watch on Youtube Good morning I’m Austerity Jones, and I am here with C Thomas Printer. C Thomas: Good morning …
A perspective on what awaits us in the new year: Elon’s empire on the brink, oil price-supply&demand, geopolitics in China-Taiwan issue, other regional hostilities: Belarus-Ukraine, Kosovo-Serbia, and India-China, another potential hotspot: Ghana defaulting on its debt, and the big question mark: housing market. And finally, turbulences in the US: $545bn in interest in the $1.7tn …
The tricky task Jerome Powell has: taming inflation in the midst of a record deficit. Good morning I’m Austerity Jones and I am here with C Thomas Printer. C Thomas, what do you have for us today? C Thomas: Good morning Austerity. One of my favorite stories is the following. Warren Buffet asks a group of …
We remember executive orders and government acts that demolished gold from being the backbone of the US currency. The question we now have is what if BRICS countries decide to turn back to gold, what happens? Good morning I’m Austerity Jones and I am here with C Thomas Printer who is ready to talk about …
• What’s happening in the UK? • Can there be an alternative to US Dollar as the reserve currency? Good morning, I’m Austerity Jones and I am back with C Thomas Printer who again wants to talk about what is going on across the pond. What is this obsession with the UK C Thomas? C …
Bond yields are up, equities are down, foreign exchange markets worldwide are reeling under the strength of the dollar. We therefore touch upon Triffin’s Dilemma. Good morning, I’m Austerity Jones and wow, what a week in financial markets! Bond yields are up, equities are down. What are your thoughts C Thomas? C Thomas: I think …
Austerity Jones asks C Thomas Printer if the global growth halts, and why there seem to be a lot of people sitting in cafes when we keep screaming about financial crisis. Good morning, I’m Austerity Jones and today I’m not with C Thomas. We are sharing with you the record of a phone call C …