Financial & Economic Updates

Financial, Economic and Social Mood Update (July 30, 2017)

Financial, Economic and Social Mood Update (July 30, 2017) The US stock market continues to be profoundly robust – the Dow Jones 30 Industrials Index reached a new record high of 21,841 on July 28, 2017. Other major indices including the NASDAQ Composite, S&P 500 as well as the Wilshire 5000 “Total Market Index” did so one day earlier on July 27, 2017. The remarkable success of Amazon.com (led by its CEO Jeff Bezos as being one of the richest people if not the richest person on earth depending upon the day) has finally attracted the notice of potential anti-trust legislation by the US Congress and of President Donald J. Trump, Sr. This after the announced purchase by Amazon.com of Whole Foods – an upscale supermarket chain which ranks among the 5 largest supermarket chains in the USA. Such anti-trust legislation has nothing to do with “wrongdoing” but with negative … [Read More...]

Financial, Economic and Social Mood Update (July 2, 2017)

Financial, Economic and Social Mood Update (July 2, 2017) The US stock market continues to be remarkably robust – the Dow Jones 30 Industrials Index reached a new record high of 21,535 on June 20, 2017. Greece has had four (4) financial bailouts in the course of the last eleven (11) years, and in spite of this massive subsidy of a failed country, the Greek stock market has still fallen by an astounding 90 percent since 2006. They represent the future for much of the “developed” countries. As we learned last month, the U.S. Commonwealth of Puerto Rico is already de jure bankrupt. The government of the U.S. Virgin Islands and the State of Illinois are the next candidates for bankruptcy and junk debt status. The state governments of both New Jersey and Maine have shut down due to an impasse – the failure of the executive and the legislative branches of governments to … [Read More...]

Financial, Economic and Social Mood Update (May 31, 2017)

Financial, Economic and Social Mood Update (May 31, 2017) The biggest financial news this month is not the stock market, but the declaration of bankruptcy by the United States Commonwealth of Puerto Rico effective May 4, 2017. Puerto Rican government debt is now selling at just 65 cents on the Dollar. Puerto Rican debt was already yielding 10 percent interest per annum prior to the declaration of bankruptcy, roughly equivalent to that of Brazil – which itself has gone from being a member of the star “BRICS” bloc to being one of Latin America’s most troubled economies. This biggest American government entity declaration of bankruptcy (to date) is just the tip of the iceberg. The next state governments next in line to do likewise include Illinois, Arizona, Ohio and Nevada – and local government entities on the same list include the likes of Chicago, Dallas, Houston and … [Read More...]

Money Saving and Investment Tips

New President of the US Donald J. Trump (February 4, 2017)

The big date was January 20, 2017 – the inauguration of Donald J. Trump as the 45th President of the United States (POTUS). This marked not merely a changing of the administration in the USA, but more importantly a key element in the overturning of the existing global power structure going back at least to 1944. The main source of power in the world is the “creation” of money. The respective central or national banks of the world perform this all important function, and certain central banks are more important than others. Those which come to mind today include the central banks of the USA (the Federal Reserve System), the UK (the Bank of England), the EU (the European or German Central Bank in Frankfurt), Switzerland, Japan and the much newer BRICS bloc. “BRICS” stands for Brazil, Russia, India, China and South Africa. Above the central banking system of individual … [Read More...]

The Demise of Liberalism and Left Wing Governments (January 1, 2017)

Financial, Economic and Social Mood Update (January 1, 2017) So-called “liberal” and left-wing governments are in a broad retreat all over the world. Even Vice President Joe Biden of the USA said in December 2016 that Germany and Canada are the last two major (i.e., most powerful and most affluent) government stalwarts of this so-called grouping. The much anticipated and long awaited “Global Economic Reset” (actually a global currency reset which determines the ranking of worldwide reserve currencies held by central banks, commercial banks, investment banks, corporations and individuals) is upon us at the start of the year A.D. 2017. The baton has been held by the US Dollar since it overtook the GBP British Pound Sterling in 1944. The “Special Drawing Rights” (SDR) held by the IMF, World Bank and other supra national quasi-public sector central banks is about to shift … [Read More...]

Financial, Economic and Social Mood Update (November 1, 2016)

Financial, Economic and Social Mood Update (November 1, 2016) The Dow Jones 30 Industrials Index reached a new nominal high value on August 15, 2016 and this record is still in place – the index remains about 800 points below the record as of November 1, 2016. There is a need to rise above the chatter and the nonsense of the body politic in much of the world and assess where we now are and where we are going in the near future. Much (but not all) of the formerly industrialized world is in decline – this is evident in the per capita GDP rankings which I discussed in last month’s update. The USA is on the cusp of becoming a de facto Third World country. The overwhelming majority of Americans are recipients or so-called “beneficiaries” of a massive socialist welfare state. They are being supported or held up by a tiny minority of Americans who still support the US … [Read More...]

Financial Terms and Dictionary

The Demise of Liberalism and Left Wing Governments (January 1, 2017)

Financial, Economic and Social Mood Update (January 1, 2017) So-called “liberal” and left-wing governments are in a broad retreat all over the world. Even Vice President Joe Biden of the USA said in December 2016 that Germany and Canada are the last two major (i.e., most powerful and most affluent) government stalwarts of this so-called grouping. The much anticipated and long awaited “Global Economic Reset” (actually a global currency reset which determines the ranking of worldwide reserve currencies held by central banks, commercial banks, investment banks, corporations and individuals) is upon us at the start of the year A.D. 2017. The baton has been held by the US Dollar since it overtook the GBP British Pound Sterling in 1944. The “Special Drawing Rights” (SDR) held by the IMF, World Bank and other supra national quasi-public sector central banks is about to shift … [Read More...]

Bookstore

The Demise of Liberalism and Left Wing Governments (January 1, 2017)

Financial, Economic and Social Mood Update (January 1, 2017) So-called “liberal” and left-wing governments are in a broad retreat all over the world. Even Vice President Joe Biden of the USA said in December 2016 that Germany and Canada are the last two major (i.e., most powerful and most affluent) government stalwarts of this so-called grouping. The much anticipated and long awaited “Global Economic Reset” (actually a global currency reset which determines the ranking of worldwide reserve currencies held by central banks, commercial banks, investment banks, corporations and individuals) is upon us at the start of the year A.D. 2017. The baton has been held by the US Dollar since it overtook the GBP British Pound Sterling in 1944. The “Special Drawing Rights” (SDR) held by the IMF, World Bank and other supra national quasi-public sector central banks is about to shift … [Read More...]

Book Articles by Marc Nonnenkamp

The Demise of Liberalism and Left Wing Governments (January 1, 2017)

Financial, Economic and Social Mood Update (January 1, 2017) So-called “liberal” and left-wing governments are in a broad retreat all over the world. Even Vice President Joe Biden of the USA said in December 2016 that Germany and Canada are the last two major (i.e., most powerful and most affluent) government stalwarts of this so-called grouping. The much anticipated and long awaited “Global Economic Reset” (actually a global currency reset which determines the ranking of worldwide reserve currencies held by central banks, commercial banks, investment banks, corporations and individuals) is upon us at the start of the year A.D. 2017. The baton has been held by the US Dollar since it overtook the GBP British Pound Sterling in 1944. The “Special Drawing Rights” (SDR) held by the IMF, World Bank and other supra national quasi-public sector central banks is about to shift … [Read More...]