When the Fed monkeys with interest rates, it blindfolds the economy, spins it around, and puts banana peels along paths where it encourages it to go.  

By JD Breen
Pretium Insights  

September 1, 2026

We've noted repeatedly how in 1913, with the establishment of the Fed, the monetary system got on the wrong track. Then, in 1971, it went off the rails.

By the late 1960s, the US government lacked real money to feed its fiscal furnace.

By Martin Armstrong
Armstrong Economics  

September 1, 2026

The United States has crossed $40 trillion in gross federal debt, and Washington will treat it as another unfortunate milestone before returning to the business of spending money it does not have. The more immediate problem is what it costs to carry that debt. Treasury's figures show approximately $1.17 trillion in gross interest expense through July, just ten months into fiscal year 2026.

By Charles Hugh Smith
OfTwoMinds.com  

August 31, 2026

If there was a black market for systemic risk, we'd make a completely different set of decisions. Instead, we're each on our own, trying to peek beneath our blindfold to see a sliver of the real world.

Here in the 9th inning, the name of the game is artifice in service of the Big Con. Everywhere we turn, we're inundated with "information" designed to funnel us into passively compliant complicity, a constant flood of interventions, social engineering, gamed statistics and fake substitutions for what was once authentic: fake facsimiles, synthetic mimicries and an endless array of flimsy facades designed to hide the realities that might awaken us from our uneasy somnambulance.

Par Brandon Smith − Le 22 août 2026 − Source Alt-Market

Récemment, l'un des débats les plus importants de l'histoire du discours conservateur a fait rage sur Internet, avec des camps profondément divisés et des solutions rares, voire inexistantes. Ce débat est passé largement inaperçu dans le reste du pays, mais il touche aux fondements les plus profonds de notre avenir économique.

Les défaillances d'entreprises repartent à la hausse en France et la tendance devient de plus en plus préoccupante. À fin juin, la Banque de France en recensait 70 803 sur douze mois, tandis que l'AGS estime désormais que leur nombre pourrait atteindre entre 71 000 et 75 000 sur l'ensemble de 2026.

Surtout, la crise change progressivement de visage. Les difficultés ne concernent plus seulement les très petites entreprises jeunes et fragiles : des PME plus établies, mais aussi l'industrie, le transport ou encore le bâtiment, sont désormais directement exposés.

michael-hudson.com

 youtube

August 20, 2026

Glenn Diesen: Welcome back everyone. Professor Michael Hudson joins us today and I would recommend that everyone follows his work as well as his own website, and I've left a link in the description. So it's great to see you again.

Michael Hudson: It's good to be back here.

Glenn Diesen: Well, you obviously have written a lot of important books, especially on political economy.

By Wanjiru Njoya
Mises.org  

August 29, 2026

The economist Thomas Sowell frequently reminds us that inequality is inherent in human nature. Rather than being puzzled by economic inequality, we should be concerned with understanding the causes of productivity. It is productivity that improves everyone's material conditions and their material standard of living.

Yet, for several decades, economists have been less concerned with the causes of productivity and more concerned with wealth distribution.

By George F. Smith  

August 29, 2026

Apple builds and sells iPhones. I happen to own one of the older models, for the same reason I own a last-legs older model car. What if Apple could skip the build part and sell only the phone ? The money saved would be an enormous boost to its bottom line. And if Apple passed the savings onto customers I could conceivably afford to upgrade.

Where would the phones come from ? From a bookkeeping entry, of course.

By Martin Armstrong
Armstrong Economics  

August 29, 2026

The Bank for International Settlements is warning that near-record public debt and the growing role of hedge funds and other nonbank financial institutions have created what it calls a "fiscal-financial stability nexus." That is sanitized bureaucratic language for a system in which governments, banks, pension funds, insurers, hedge funds, and central banks are all chained to the same mountain of sovereign debt.

En France les prix à la consommation ont augmenté de 2,4 % sur un an en août, tirés par ceux de l'énergie, après 2,1 % en juillet, selon une estimation provisoire publiée vendredi par l'Insee.

Cette hausse, remarque l'Institut national de la Statistique, semble s'expliquer "essentiellement par l'accélération des prix de l'énergie" (+16,7 %) et principalement ceux des produits pétroliers.

"Votre épargne est paresseuse" : Ursula von der Leyen veut la mettre au travail

Par le Média en 4-4-2, le 28 août 2026

"L'Europe a de l'épargne. Malheureusement, cette épargne est paresseuse".

La phrase n'est pas tirée d'une parodie de Bruxelles. Elle a bien été prononcée par Ursula von der Leyen, ce 27 août 2026, devant les entrepreneurs réunis à Paris pour la REF du Medef.

michael-hudson.com

Michael Hudson: The 'Financial D-Day' Sanctions Are Killing The Dollar, Not Iran

August 26, 2026.

 youtube

Radhika Desai:

Hello and welcome to another Geopolitical Economy Hour, the socialist and anti-imperialist conversation that illuminates the fast-changing political economy and geopolitical economy of our times. You're watching Geopolitical Economy Hour, and I'm Radhika Desai, geopolitical economist.

By Charles Hugh Smith
OfTwoMinds.com  

August 28, 2026

In many cases, we're actually only "renting" the functional / monetary value of what we "own," and that makes the value of "ownership" far less certain than we might imagine.

What we "own" seems straightforward, but it's actually slippery. Yes, we own what we have a deed or copyright for, but we only "rent" the valuation the market assigns to what we own.

By Martin Armstrong
Armstrong Economics  

August 28, 2026

War and sovereign debt are merging into a vicious spiral that will determine which nations survive the coming monetary crisis. Governments entered the conflicts in Ukraine and Iran, along with the escalating confrontation between the United States and China, already buried beneath debt accumulated through decades of fiscal incompetence. Now they are increasing military spending, subsidizing domestic industries, restructuring supply chains, and borrowing even more money to prepare for conflicts their own foreign policies helped create.

L'Europe risque un bond des prix du gaz en hiver après que les stocks dans les installations de stockage ont atteint des niveaux très bas pour la période de l'an. Selon les analystes, les prix pourraient atteindre 100 euros, soit environ 117 dollars américains, par mégawattheure.

CNBC a rapporté jeudi 27 août, que les installations de stockage de gaz de l'Union éropéenne sont actuellement remplies d'environ 63 pourcent, selon les données de Gas Infrastructure Europe.