Skip to main content

Council On Foreign Relations President: "Goodbye, LIberal World Order" - Zerohedge

Whatever one thinks of Trump, love him, loathe him, mock him or respect him, he's managed to do one thing - in the one year that he's been president, his ad hoc, haphazard, chaotic, irrational and unpredictable style of governance may have thrown the country, its institutions, its "establishment", and certainly the press for loop, but it has also achieved one other thing: it has made the "globalists" conclude that the "liberal world order" which they created - which has resulted in the greatest accumulation of wealth by the fewest number of people; in the greatest political, social, ethnic, economic and financial polarization in recent history; in a global debt load that has put the world on the verge of financial catastrophe (only offset by constant central bank "confidence" injections); and which the "Trump vote" was a protest against - is almost over.

Source: Council On Foreign Relations President: "Goodbye, LIberal World Order"

Comments

Post a Comment

Popular posts from this blog

How The Economic Machine Works by Ray Dalio - Bridgewater

Source: How The Economic Machine Works by Ray Dalio
Post a Comment
Read more

Letter: Why the geopolitics of international currency choice matters - FT

This coincidence must alert readers that a tempest is brewing on subjects noted: lurking inflation, increasing debt, suppressed interest rates and the shifting of hegemonic power.  There are only two important questions in investing that also apply to subjects impacting the future stability of the world — tell me why and tell me when.  Plender gives us the “why”, the ever-increasing “intolerable burden” of government debt and suppressed rates leveraging the global financial system. He gives us the tipping point.  What we await is “the when”, as in when do we know we have “tipped”.  Paul Hackett Madison,  NJ, US    Letter: Why the geopolitics of international currency choice matters
Post a Comment
Read more

Reading the runes on a Warsh Fed - Martin Wolf - Financial Times

Intellectually, at least, today’s Warsh appears the same as the one of 2010. In his IMF lecture delivered in April 2025, he stressed not only the Fed’s “institutional drift”, but also its recent “failure to satisfy an essential part of its statutory remit, price stability. It has also contributed to an explosion of federal spending. And the Fed’s outsized role and underperformance have weakened the important and worthy case for monetary policy independence.” He made other criticisms, the most pointed being that “the Fed has been the most important buyer of US Treasury debt — and other liabilities backed by the US government — since 2008”. He asserts: “Fiscal dominance — where the nation’s debts constrain monetary policymakers — was long thought by economists to be a possible end-state. My view is that monetary dominance — where the central bank becomes the ultimate arbiter of fiscal policy — is the clearer and more present danger.” For Warsh, then, easy money is the road to ruin.  ...
Post a Comment
Read more