Fantasy Island

Fantasy Island is a paradise in the Pacific Ocean. The island’s GDP output is $500k. There is no debt. One day, a fellow calling himself Charles arrived on the shores of Fantasy Island.

Would You Buy This Poisoned Land?

Last week, we gave you two reasons why the government’s GDP numbers are fraudulent. They pretend to track real growth and prosperity. But IMF chief Christine Lagarde pointed out that you could raise GDP by…

The Cracks Are Starting to Appear

At some point, investors must realise that without continued debt accumulation, the illusion will be over. When that happens, markets will cannibalise themselves. The bursting of the greatest credit bubble in history is going to…

Markets & Money