Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.
Recent Items
Monday, January 12, 2026
You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?
Topics: Banking industry, Credit markets, Doomsday scenarios, Dubious statistics, Economic fundamentals, Federal Reserve, Free markets and their discontents, Global warming, Guest Post, Income disparity, Macroeconomic policy, Politics, Social policy, The destruction of the middle class, The dismal science
Posted by Yves Smith at 9:55 am | 40 Comments »
Links 11/18/2022
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 175 Comments »
The G20 Just Agreed to “Build on the Success” (Sic) of Digital COVID-19 Certificates for Future Pandemics
Even as divisions rise in the world, the governments of the world’s largest economies appear to be on a strikingly similar page when it comes to rolling out digital health certificates, digital identity schemes and central bank digital currencies.
Topics: Guest Post
Posted by Nick Corbishley at 6:53 am | 25 Comments »
FTX: New Ex-Enron CEO Finds “Complete Absence of Trustworthy Financial Information,” $3.3 Billion Loans to SBF, Customer Deposits Not Recorded on Balance Sheets; Confirms Software Backdoors, Auto-Deleted Communications
FTX is an even bigger mess than someone with a creative streak might have imagined.
Topics: Currencies, Dubious statistics, Free markets and their discontents, Legal, Payment system, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 6:00 am | 117 Comments »
Not Every Robin = Spring and Not Every Story About Moving Away from the Dollar Is Well Founded
A small illustration of why some of the stories about reducing dollar dependence are misguided.
Topics: Currencies, Economic fundamentals, Free markets and their discontents, Globalization, Legal, Payment system, Regulations and regulators
Posted by Yves Smith at 5:55 am | 15 Comments »
2:00PM Water Cooler 11/17/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 98 Comments »
Where’s the Contagion from the Crypto Implosion?
Why, if you aren’t in crypto, you can watch the meltdown in comparative comfort.
Topics: Banking industry, Currencies, Free markets and their discontents, Guest Post, Investment outlook, Payment system, Regulations and regulators
Posted by Yves Smith at 9:55 am | 57 Comments »
Links 11/17/2022
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 103 Comments »
U.S. Diesel Inventories Hit Historic Lows At The Worst Possible Time
The diesel squeeze is getting worse, but it is still not clear how actute it might become.
Topics: Economic fundamentals, Energy markets, Guest Post, Income disparity
Posted by Yves Smith at 6:32 am | 37 Comments »
Russia Launches New Electrical Grid/Infrastructure Strikes in Ukraine
Russia launched a new round of infrastructure attacks on Urkaine, but so far it looks more selective than yesterday’s massive blows.
Topics: Doomsday scenarios, Europe, Infrastructure, Russia
Posted by Yves Smith at 5:29 am | 83 Comments »
Why Don’t The Poles Admit the War Isn’t Winning the Next Polish Election and Isn’t in Poland’s National Interest – Unless Zelensky Loses Galicia to Poland, Again
There is less enthusiasm for the Ukraine war amond some Polish voters than the US/UK press would have you believe. And winter is coming.
Topics: Doomsday scenarios, Energy markets, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 4:37 am | 36 Comments »
2:00PM Water Cooler 11/16/2022
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 90 Comments »
Sick Profit: Investigating Private Equity’s Stealthy Takeover of Health Care Across Cities and Specialties
Another account of the extent of the private equity health care grifting, as well as some avenues to check these abuses.
Topics: Banana republic, Free markets and their discontents, Guest Post, Health care, Politics, Private equity, Regulations and regulators, Ridiculously obvious scams, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 9 Comments »
Links 11/16/2022
Topics: Links
Posted by Yves Smith at 6:58 am | 197 Comments »
Russia Continues to Escalate Electrical Grid/Infrastructure Attacks; Charges Over Attack on Poland Shift Focus from Damage
Despite the lack of media interest, the Russian destruction of Ukraine’s electrical grid could determine the outcome of the war.
Topics: Guest Post
Posted by Yves Smith at 6:54 am | 78 Comments »



