Monday, May 5, 2025

The real failure of “trickle down economics”

by Claudio Grass, Claudio Grass:

Part I of II

For decades already, one of the most popular and commonly employed attacks of Keynesians and other left-leaning economists was the one against the idea of “trickle down economics”. They ridiculed the notion that a rising tide lifts all boats or plainly put, the obvious fact that when job creators thrive, so do the people that hold those jobs and sustain themselves and their families thanks to them.

BlackRock CEO celebrates SEC acceptance of Bitcoin ETF application, says crypto “will transcend international currencies”

by Ethan Huff, Natural News:

The head of the world’s largest asset manager has changed his mind on cryptocurrencies like Bitcoin, which he opposed in 2017 but supports today.

Larry Fink, CEO of BlackRock, is making the media rounds in support of cryptos, arguing that they can “democratize” finance while “digitizing gold.” With United States regulators now considering the creation of an ETF directly linked to Bitcoin, Fink is suddenly all about cryptos, which he says have the potential to “revolutionize” finance.

How do Globalists Plan to Remove the Dollar? Simple, War

from The New American:

TRUTH LIVES on at https://sgtreport.tv/

“Worldcoin” Is Here: Just Get Your Eyes Scanned By “The Orb” And Your New “World ID” Will Be Issued To You

by Michael Snyder, The Economic Collapse Blog:

Have you had your eyes scanned by “The Orb” yet?  All it takes is just one trip, and once your biometric data is in the database you will receive some free money and a new “digital identity” that you will be able to use all over the Internet.  Doesn’t that sound grand?  As you will see below, hundreds of thousands of people in Europe have already signed up.  Those that have created Worldcoin intend for it to be “a new identity and financial network” that is owned by everyone on the entire planet.  The following comes directly from the official Worldcoin website

$1,000 SILVER [SERIOUSLY, STOP LAUGHING] – Bix Weir, Chris Marcus, Jean-Claude

from SGT Report:

Bix Weir from RoadToRoota.com, Chris Marcus from ArcadiaEconomics.com and Jean-Claude from BeyondMystic are back to discuss the manipulation of the most undervalued tangible asset on earth, and the very real possibility that one ounce of silver may cost exponentially more in coming years, or even months.

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FINANCIAL WARNING! DOLLAR FREE FALL IS HERE..HOW DO WE PREPARE?

from Chembuster:

TRUTH LIVES on at https://sgtreport.tv/

The Gathering Economic Storm

by Karl Denninger, Market Ticker:

You may think “all is well” or at least “all is reasonably ok”.

You’re wrong.

Just as in early 2007 it was clear that we were staring down a monster problem and whistling past the economic graveyard, we are once again doing the same thing.  In early 2007 I called out the fact that WaMu was paying dividends out of money they didn’t actually have; it was a (legal) accounting fiction created by negative amortization loans that made it appear they had “value” that didn’t really exist.  Of course it could have been ok in that case because perhaps people could have eventually paid all they owed at an ever-increasing rate, but to believe that you had to believe that infinite re-finance activity at ever-lower costs was going to continue forever, because either that had to stop and people had to pay on what they owed (in which case the “value” stopped going up and earnings stopped happening), it must continue (to keep the trend going) or there was soon going to be a crash.

JUST IN – Putin signed a law on introducing a central bank digital ruble and creating an appropriate electronic platform — TASS

DEN OF THIEVES — BOB KUDLA

from SGT Report:

The deep state Marxist Communist TRAITORS are heel bent on destroying Donald Trump, MAGA patriots and the Republic of the UnTIED states but they are getting increasingly desperate as the majority of the population wakes up to their treason. Bob Kudla joins us to discuss it AND he provides some specific stock tips. Thanks for tuning in.

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IMF hints that countries will soon be able to repay debt using Chinese YUAN currency

by Ethan Huff, Natural News:

Following Argentina’s recent debt repayment in the Chinese yuan, the International Monetary Fund (IMF) has hinted that it may soon accept the yuan from all countries that need to settle their debt obligations.

IMF spokesperson Julie Kozack confirmed that Argentina paid off $1.1 billion of its $2.7 billion debt using the yuan, and that it may soon become the norm for other countries to do the same.

Gold And Silver Prices: Anticipating Another Price Rise in 2023

by Dave Kranzler, Investment Research Dynamics:

I wrote the following commentary for Kinesis Money – you can read the source article here:  Kinesis Money Blog

I argue that a new bull cycle for the precious metals sector began in late October 2022 – when it appears that gold and silver had bottomed and turned higher, after a downtrend since August 2020.

I believe that the precious metals sector will soon begin a cyclical, sustained move higher that will see gold surpass $2,000 and silver trade up to $30, for starters.

WITHOUT THIS THE WORLD GRINDS TO A HALT — MAX PORTERFIELD

from SGT Report:

The world’s industries runs on base metals, while big tech relies on silver and the monetary system returns to gold. So what happens when geopolitics become so tumultuous that nation states begin to hoard their resources and gold vaults to 3, 4 or $5,000 per ounce? The President and CEO of Callinex Mines Max Porterfield returns to SGT Report to discuss.

LEARN MORE HERE:
https://callinex.ca/
TSX-V: CNX | OTC: CLLXF

This video was produced on behalf of Callinex Mines Inc, and was funded by Gold Standard Media LLC and/or affiliates. For our full disclaimer, please visit: https://portal.goldstandardir.com/disclaimer/CLLXF-14

The USFed as Bad Bank: Ultimate Irony

by Jim Willie, Gold Seek:

​A historical paradigm shift is in progress. The process of de-Dollarization began with Russia in response to the Maidan coup in Kiev back in 2014. The Russian reacted in multiple ways, but the Eurasian Trade Zone grew. That was the Jackass name given, which has emerged as the BRICS Union in recent years. Numerous nations have followed the Russian lead in removing the USDollar from their trade payments and banking practices. The American observers have dismissed this trend as trivial and not enduring. They are wrong, dead wrong. In the last 18 months, the Japanese had dumped $240 billion in USTreasury Bonds over a 12-month period. They continue. They accumulate Gold in their banking reserves, thus following the BRICS theme, their operating policy. The macrocosm, by contrast, will feature 20 nations dumping USTBonds en masse, and acquiring Gold for banking reserves. The UAE will become a primary office for the conversion, their Dirham notably pegged to the USD.