Archive for admin
The Implode-o-Meter staff account: our in-house commentary and compilation of news.
How Big Is The Silver Correction?
My conclusion is that this silver correction is a paper-only affair, similar to the liquidity crunch in the fall of 2008, that hammered gold and silver along with everything else. But while silver reached around $9/oz on the COMEX in that pullback, you were hard pressed to find physical silver under $13/oz.
4May2011 | admin | 3 comments | Continued
Tune In, Turn On, Cash Out (Of The Dollar Economy) With Gold & Silver Legal Tender Commerce
by Aaron Krowne Founder, ml-implode.com Tumultuous Times Many people are, these days, becoming aware that there is a problem with the dollar. As well documented on this site in the past few years, our economy (both domestic and global) has been hit by wave after wave of financial crisis, panic, market declines (even in supposedly […]
4May2011 | admin | 4 comments | Continued
Odious Debt… Apologetics
“Let me be clear: I don’t like odious debt, debt peonage and Draconian austerity any more than Brown does — especially when there are vast areas of waste and graft that could be cut to balance the budget instead. But it’s irresponsible to argue that “deficits don’t matter” in order to justify cutting nothing. We need an honest focus on the key areas that could (and SHOULD) be cut and do the least real damage to the domestic economy, so that people can start agitating for that course of action. All these innumerate fiscal apologetics from “progressives” do is provide cover for the military and banking looters at the public trough.”
27Apr2011 | admin | 2 comments | Continued
11 Important Points “Deflationists” Miss (And Why They’re Wrong)
by Aaron Krowne Founder, ML-Implode.com Many have generated ample prose lately in the latest rumble in the deflationist/inflationist street brawl (a debate still largely ignored by the mainstream media, which continues to broadcast little besides the “Carry On, All Is Fine” message). So I won’t add any more to that prose. But I did want […]
6Apr2011 | admin | 6 comments | Continued
State Banking Is Not Enough For A Stable Economy: Sound Money Is Needed
An explanation of public banking, prominent arguments for it, and the need for sound money as the foundation of the monetary and banking system even if public banking is utilized.
5Apr2011 | admin | 7 comments | Continued
Japanese Contemplations
by Aaron Krowne Some things to ponder regarding financial ramifications of the continuing disaster in Japan: As of today, the Bank of Japan has “quantitatively eased” (printed) $700 billion worth of new money into the Japanese financial markets to stabilize them. The worst rebuilding cost estimates I’ve heard to date are $60-120 billion equivalent. Isn’t […]
18Mar2011 | admin | 0 comments | Continued
Liveblogging Ron Paul’s Inflation Hearing
Aaron Krowne Refresh this page for updates as the hearing happens. Latest updates toward the top. The below is in summary form, NOT verbatim. [At approximately 11:50am we had to leave a bit early, but the below captures most of the hearing.] 11:47am: Mr. Lehrman: It is not correct to assign blame to those who […]
17Mar2011 | admin | 0 comments | Continued
Governments’ Fiat “Cash” Funds Do Not Merit Public’s Trust; Demonstrate Need For Sound Money Options
… despite the recent history of the subprime crisis, credit crunch, and economic downturn, most governments officials don’t seem to care, and still not more than a fraction of a percent of public funds are in classic sound money equivalents. Below I provide a brief history of money market/cash fund crises in the US, which undermines this insouciant attitude.
6Mar2011 | admin | 0 comments | Continued
Freddie Mac Ends Streamline Refi Come Spring
The Federal Home Loan Mortgage Corporation (FHLMC), more known as Freddie Mac, will no longer offer its streamlined mortgage refinancing option this coming spring, the lender recently announced… Borrowers can still get the same benefits of the streamlined refinance mortgages through the Relief Refinance option, Freddie Mac’s take on the government-supported Home Affordable Refinance Program (HARP) introduced in February 2009. The HARP is among the programs supported by the umbrella program, Making Home Affordable.
5Mar2011 | admin | 0 comments | Continued
China Embarks on “Five Year Plan” To Dump The Dollar
There has been a lot of well-meaning talk about the “threat” of China dumping the dollar, with precious little discussion of potential mechanisms. Here I expound on a a ZeroHedge piece that just came out announcing China’s expanded Yuan settlement facilities, which imply China is actually well underway on its path to explicitly driving the stake into the heart of the dollar once and for all. It is only a matter of time until we arrive at wholesale regime change for the dollar-dominated international trade system.
2Mar2011 | admin | 1 comment | Continued
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- Mortgage Lender Implosions and Updates
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- Bank Implosions and Updates
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- Hedge Fund Implosions and Updates
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- Builder Implosions and Updates
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Further to my comment of 9 August 2016, unlike the old Bank Rate system with its high interest rates, Quantitative…