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 | This Week in Money

• Ross Clark: Stock Markets, Stagflation, Gold, Silver, Oil, USD, Canadian Dollar.
• Victor Adair:  (9:42) Interest Rates, Inflation, USD, Canadian Dollar, Bonds, Copper, Oil, Technical Trading.
• Hilliard MacBeth: (50:08)  Canadian Real Estate, Stock Markets, Unemployment, Gold, Junior Miners, Tariffs, Alberta Independence.

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 12, 2025 | T-Bill Breakdown Sign of Trouble

Time to do some serious hedging

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 10, 2025 | S&P Continues into Record Territory

Investors nervous about Fall equinox

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 […]

September 7, 2025 | Is AI Changing the World?

QUESTION: Hi Martin, Considering the potential influence of AI, also taking into account the behaviour of the 80 percent that went with the COVID narrative, I was wondering. The AI is being fed by human interaction on the internet, probably somewhere else as well, but very much directed. Now that does not seem to direct to […]

September 7, 2025 | From the Archives: How Inflation Is Crushing Our Kids, In 5 Charts

An important line was recently crossed, when the wealth of America’s 1% surpassed that of its entire middle class: In recognition of this milestone — and the societal turmoil it all but guarantees — here’s a post from March of 2024 that fleshes out the thesis: How Inflation Is Crushing Our Kids, In 5 Charts […]

September 7, 2025 | Trading Desk Notes for September 7, 2025

The summer doldrums are over – tensions and volatility surge, creating great trading opportunities! Gold is at record highs, in nominal and inflation-adjusted terms. Comex gold futures are up ~38% YTD, up~100% from the October 2023 lows (blue ellipse) made just before the Hamas attack on Israel. A weaker USD (down ~12% YTD to 3-year lows) […]

September 6, 2025 | California May Reimplement Mask Mandates

    Remember when peer-reviewed scientific studies proved that masking did not protect against the spread or transmission of COVID-19? California lawmakers only recall the immense power granted to them through COVID-19 mandates. On September 1, 2025, the California Department of Public Health (CDPH) issued a warning to the public–“Protect yourself and your loved ones […]