The FDIC reported it had insurance reserves of $125.5 billion last December, covering $10.1 trillion of insured deposits while leaving $7.7 trillion in deposits that exceed the coverage exposed. The…
Economy
GDP Data Confusion
FROM LARRY JOHNSON — Observer R, who was a regular at The Saker, has generously agreed to start posting at sonar21. This is his first article. Enjoy. Many books, articles,…
Why is the U.S. Agitating for War with the Two Countries that Supply Critical Pharmaceuticals, Rare Earth Minerals and Uranium?
Cutting off one’s nose to spite one’s face does not begin to describe the self-mutilation the United States and Europe are doing as they step up their confrontation with China…
Did the U.S. Economy Really Produce a Half Million new Jobs When So Many Major Companies are laying Off Workers?
I heard from my niece the other day. She was an PayPal employee and got her walking papers within days of the Biden Administration trumpeting the “creation” of 517,000 jobs….
One flew over the Greenie’s Nest
Western societies are in a race to achieve net-zero carbon emissions by 2050. Greenies claim technology currently exists to reach net zero, is affordable, and is not an economy wrecker….
Is America Crumbling From Within?
A couple of my Ex-Pat readers who are enjoying life in places like rural, southern France, have asked me to give them a flavor of what the United States is…
Europe’s Growing Anger at the United States, While U.S. Economy is Flashing Red
The following clip encapsulates the chaos that is starting to unfold in the West as a consequence of the United States and Europe trying to crush the Russian economy. I…
Who Funded FTX and Why? That Is One of the Key issues
If you are familiar with the old comedy trio, the Three Stooges, I bet you can spot a resemblance between Larry Fine and Michael Bankman Fried. One big difference —…
Samuel Bankman Fried May Have Started The Demolition of the Deep State
I admit it. I am not a complete cynic. Like Don Quixote, I am tilting at windmills. The unfolding scandal and fraud surrounding the collapse of FTX, is not just…
Is The Love of Money and War is the Root Of All Evil?
I want to share with you another salient portion of Alex Krainer’s book, Grand Deception: The Browder Hoax. As many of you have discovered, Amazon refuses to sell the book….