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Unthinking respect for authority is the greatest enemy of truth.
- Albert Einstein


THE COLLAPSE OF THE CURRENT ECONOMIC PARADIGM IS IN PROGRESS. THE COLLAPSE WILL BE ACCOMPANIED BY CATASTROPHIC EARTH CHANGES, E.G. EARTHQUAKES, FIRES, FLOODS, ETC. A NEW AND BETTER WORLD WILL FOLLOW
New postings Tuesday and Friday.  full article...
5/29/2020
Over 40 million US workers have filed for first-time unemployment



 full article...
5/29/2020
US consumer spending falls



 full article...
5/29/2020
US economy shrank at 5% annual rate in the first quarter
Economists expect Q2 will be ‘far worse’.  full article...
5/29/2020
OECD countries log worst quarterly contraction in GDP since the financial crisis
The 5th straight quarterly decline is much worse than previous four.  full article...
5/29/2020
Fed: US-China trade war has erased $1.7 trillion from US companies market value
US companies can’t afford another trade war. They may get one.  full article...
5/29/2020
Faltering Renault set to lay off 15,000 employees worldwide



 full article...
5/29/2020
French energy company Total needs to cover $12 billion shortfall due to oil crisis
Who’d a thought. Not Total.


 full article...
5/29/2020
Europe’s $824 billion recovery plan comes with green strings attached



 full article...
5/29/2020
India wilts as temperature hits 50 °C (122 °F)
Record heat, record cold, record rain, fires, floods, drought, etc. The earth changes are here.  full article...
5/29/2020
Spring 2020 UK’s sunniest spring on record
The earth changes are here.


 full article...
5/29/2020
Bank of Korea trims key rate to record low amid grim outlook
Central bankers hope cheap interest can revive economies. Low rates won’t restore growth in the end game.  full article...
5/29/2020
Japan doubles down to deliver world’s ‘biggest’ stimulus package



 full article...
5/29/2020
Coronavirus backlash further fraying China’s ties to global economy



 full article...
5/29/2020
Why is the yuan going digital?



 full article...
THE COLLAPSE OF THE CURRENT ECONOMIC PARADIGM IS IN PROGRESS. THE COLLAPSE WILL BE ACCOMPANIED BY CATASTROPHIC EARTH CHANGES, E.G. EARTHQUAKES, FIRES, FLOODS, ETC. A NEW AND BETTER WORLD WILL FOLLOW
New postings Tuesday and Friday.  full article...
5/26/2020
Stocks surge, pushing the S&P 500 back above 3,000 for the first time since early March
This is the ‘end-of-life-rally’ or a dead-cat bounce. Take your pick.  full article...
5/26/2020
German economy may contract about 7% in 2Q



 full article...
5/26/2020
Siberia heat wave breaks records, melts snow and ice with temperature 40 degrees above normal
Record heat, record cold, record rain, fires, floods, drought, etc. The earth changes are here.  full article...
5/26/2020
Record breaking temperatures in several parts of India including Delhi
The earth changes are here.


 full article...
5/26/2020
Chicago breaks May rainfall record for third year in a row
The earth changes are here.


 full article...
5/26/2020
Michigan flooding a ‘500 year’ event
The earth changes are here.


 full article...
5/26/2020
Bank of Japan’s Kuroda says ready to do more for economy after emergency
The last rites are next.  full article...
5/26/2020
Singapore economy could contract most since independence



 full article...
5/26/2020
Hong Kong homebuyers forfeit $1.5 million in deposits
HK’s massive housing bubble may have finally started to pop. full article...
5/26/2020
Hong Kong to ease social-distancing rules as city see record 8.9% economic slump



 full article...

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DARRYL ROBERT SCHOON: SILVER AND COVID-19, CAPITALISM'S BLACK SWAN
Silver falls as demand rises and capitalism's endgame accelerates. full article...


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See the best of our archived alerts under Classic Alerts.


WILL THEY CONFISCATE GOLD, ETC?



 full article...


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5/29/2020
INVESTOR FEAR & GREED INDEX – NEUTRAL
Previous close – NEUTRAL Previous week – NEUTRAL Previous month – NEUTRAL 1 year ago – EXTREME FEAR  full article...



Bloomberg: Coronavirus - Bifurcation in commercial real estate market
Worthy of thought and reflection.


 

full article...
The Economist: Why the economy could fare worse than you think
Worthy of thought and reflection.


 

full article...
DW News: Will the coronavirus reshape globalization and the economic system?
Worthy of thought and reflection.


 

full article...


Sarah Cooper channels Donald Trump’s medical advice




full article...


Lassen County backtracks after jump in COVID-19 cases
After re-opening, Lassen County went from zero to five cases.  full article...
‘Rioter’ seen in video believed to be on duty police officer from St Paul, MN



 full article...
Hydroxychoroquine prescriptions surged 2,000% in March when Trump touted malaria drug
Where fools direct, sheep follow.  full article...


John Lennon: ‘Instant Karma’





full article...


Dollars & Sense, Show 40 and 41: All Roads Lead to the Fed and 9/11

Dollars & Sense, Show 40 and 41: All Roads Lead to the Fed and 9/11



DRSCHOON.COM features the articles of Professor A. E. Fekete of the New Austrian School of Economics, a leading expert on gold and its role in financial markets and the economy.

Waiting for Godot

New Austrian School of Economics

The original title for this article was Timing Hyperinflation with an overlong subtitle The Saga of Unraveling Global Fiat Money Issued on the Strength of Irredeemable Promises of Governments. On second thought I changed it for fear of turning off serious readers suspecting that it was written by a prankster to be released on next April Fool's Day. So the new title Waiting for Godot stands.It obviously calls for an explanation. full article...

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