September 16, 2025 | Appeals Court Revokes Temporary Protected Status for Migrants

After months of legal turmoil, the 1st US Circuit Court of Appeals has ruled that the United States can secure its borders and has the right to end the temporary legal protections granted to migrants under the Biden Administration. Joe Biden provided 430,000 migrants from Haiti, Venezuela, Cuba, and Nicaragua with temporary protected status (TPS). […]

September 15, 2025 | Cushioning the Downfall

Happy Monday Morning! As we discussed in our note last week, the economy is contracting and job losses are mounting, and so it’s chopping Time Again. The Bank of Canada is on deck with markets pricing in nearly 80% odds of a 25bps rate cut. According to BMO, there could be more coming. “We see […]

September 15, 2025 | Danielle on CBC Weekend Business Panel

September 15, 2025 | Former President Jair Bolsonaro Sentenced to 27 Years

  Former Brazilian President Jair Bolsonaro has been sentenced to 27 years in prison for allegedly plotting a coup to overturn the presidential election. Politicians who defy the new world order are silenced through assassination or imprisonment. This has become a worldwide phenomenon, from Germany to Brazil, as politicians who rebuke the globalist agenda are […]

September 14, 2025 | Interview with Daniel Estulin

September 14, 2025 | Recession Watch: Brutal Job Market

It seems that (surprise!) the US government has been systematically overstating job growth and then (when no one was looking) revising the numbers down to much lower, more ominous levels. The following chart shows the size and consistency of those revisions, resulting in over a million fewer jobs than initially reported. And it’s still happening. […]

September 14, 2025 | ‘Guise’

I’m in San Francisco, taking a break from Florida’s insufferable summer heat, but also from my weekly commentaries. Writing regularly about the impending collapse of the stock market, Wall Street hubris and the fatally diseased economy had grown boring and depressing, and so, at least for the time being, I will be substituting more entertaining […]

September 14, 2025 | Images, Words & Narratives Matter

“There are decades where nothing happens; and there are weeks where decades happen.” ― Vladimir Ilyich Lenin     “What we’ve got here is… failure to communicate. Some men you just can’t reach. So you get what we had here last week, which is the way he wants it… well, he gets it. I don’t […]

September 13, 2025 | Trading Desk Notes for September 13, 2025

The highest conviction trade in the world The highest conviction trade in the world is that the Fed will cut short-term rates by 25 basis points next week as it begins an easing cycle that will take interest rates down ~100 basis points by early 2026, and perhaps by ~150 basis points by late 2026. The […]

September 13, 2025 | Poland Sends 40,000 Troops to the Border

  Poland is deploying about 40,000 soldiers on the borders with Belarus and Russia amid rising tensions after the Russian drone attack on September 10. Still, there are rumours that they have captured Russian drones and have deployed them to instigate a false flag. We cannot verify this rumour, but it is getting traction. Based […]

September 13, 2025 | Tech Talk for Saturday September 13th 2025

The Bottom Line  Focuses this week are on central bank announcements on Wednesday. The FOMC and Bank of Canada are expected to lower their lending rate to major banks by 0.25%. Stock and bond prices during the past two week in September have moved higher in anticipation of the change. A word of caution! U.S. […]

September 12, 2025 | Health Prepping: Big Pharma Gets What It Deserves

Alternative health guru Sayer Ji just published a small book’s worth of dirt on some manifestly evil companies. If he’s right — and generally speaking, I think he is — we’re witnessing poetic justice on a global scale. Here’s a tiny excerpt of the much longer post: Are We Witnessing Big Pharma’s Accelerating Collapse? Layoffs, Lawsuits, […]

September 12, 2025 | Bank Mortgage Lending Created The Canadian Housing Bubble

Substantial acceleration in bank mortgage lending for residential real estate was essential in creating the Canadian housing bubble. Now that the housing bubble is bursting new mortgage lending could slow or even decline. If the rate of increase in new mortgage debt slows sharply home prices will drop leading to a crash in the housing […]

September 12, 2025 | The Storm Hits The Art Market

The salad days of near-zero interest rates enabled excess demand and price-insensitive buying across most sectors all at once; that included art markets. After a euphoric frenzy peaked in 2022, art prices have been falling since, and a world of feeder sectors and businesses is contracting along for the ride. See, The Storm Hits the Art […]

September 11, 2025 | RIP Charlie Kirk (1993-2025)

  Political activist Charlie Kirk was murdered while speaking at Utah Valley University. Kirk, 31, leaves behind a wife and two small children. Violence against conservatives must come to an end. Democrats have been encouraging violence against their political opponents and their supporters. The world watched the gruesome death of Iryna Zarutska, whose killer was […]

September 11, 2025 | Black Swans: What If the “Scaling Cliff” Pops the AI Bubble?

Artificial intelligence is this decade’s tech success story. And that sector’s stocks — led by the almost supernaturally powerful chip maker Nvidia — are primarily responsible for the S&P 500 and Nasdaq being at record highs. In just the past five years, nearly a trillion dollars have been thrown at AI data centers, chip plants, and model […]

September 11, 2025 | Understanding The Job Loss Cycle

Backward-looking job revisions show the US and Canadian economies have been producing fewer and fewer jobs amid rising unemployment. Mass layoffs are due next. EPB Macro’s Eric Basmajian explains in the segments below. This video analyzes why elevated profit margins are giving businesses more room and time to absorb slowing economic conditions without resorting to […]

September 10, 2025 | The Freedoms Lost Under the Patriot Act

The Patriot Act was drafted and pushed through with lightning speed, something that could not have been written overnight. This was the beginning of warrantless surveillance, indefinite detention, and a wholesale reversal of constitutional rights. I have said many times: governments do not waste a good crisis. They wait for the right moment to impose […]

September 10, 2025 | Black Swans: What If the “Scaling Cliff” Pops the AI Bubble?

Artificial intelligence is this decade’s tech success story. And that sector’s stocks — led by the almost supernaturally powerful chip maker Nvidia — are primarily responsible for the S&P 500 and Nasdaq being at record highs. In just the past five years, nearly a trillion dollars have been thrown at AI data centers, chip plants, and model […]

September 10, 2025 | Investor Exodus Accelerating Real Estate Downturn

Statistics Canada housing data shows that, in 2021, across the provinces, 15–27% of houses were owned as an investment/secondary property (i.e., not an owner’s primary residence)—with PEI 27%, Nova Scotia 20%, Ontario/Manitoba/New Brunswick/B.C. generally in the mid-teens. Condos skewed higher, with 30–42% of condo apartments owned as secondary properties in the provinces studied. (Perspectives Journal). In related […]

September 9, 2025 | Repopulation is Turning the UK into a Muslim Nation

  The new Home Secretary of the United Kingdom is yet another reminder that the UK is a Muslim nation. Shabana Mahmood, a Pakistani woman, is now responsible for England and Wales’s internal affairs, including immigration, national security, and counter-terrorism measures. The issue is not that she is Muslim; rather, the issue is that open […]

September 8, 2025 | Vietnam Erases 86 Million Bank Accounts – The Great Reset in Motion

  Vietnam has erased and/or frozen 86 million unverified bank accounts as the nation surrenders to the globalist Great Reset. Anyone wishing to function in society must surrender their biometric data to maintain a bank account. The State Bank of Vietnam (SBV) claims that the measure was a system cleanup aimed at preventing fraud. In […]

September 8, 2025 | Chopping Time, Again

  Happy Monday Morning! Just a couple weeks ago we learned Canada’s second quarter GDP shrank at a 1.6% annualized pace, the biggest decline since the pandemic and the first contraction in nearly two years. While roughly in line with the Bank of Canada’s forecasts, the decline was worse than expected in a Bloomberg survey […]

September 8, 2025 | Ontario Real Estate Update

The Toronto area saw the average home price drop for the seventh consecutive year-over-year decline in August. Detached home prices, down 10%, fell more than other property types. The average sales price for all property types has dropped by more than 23 per cent in the GTA (Greater Toronto Area) since the February 2022 price […]