December 31, 2025 | State of the U.S. Housing Market

       In my Dec 18, 2025 interview – which starts at 43:10 – Robert Campbell answered the following questions:                       1. What is The State of the US economy?                       2. What is the State […]

December 31, 2025 | The Minnesota Daycare Scam in Context

Americans are watching videos of empty, taxpayer-funded “daycare centers” with bemusement. How, we wonder, can such things exist right under the noses of officials who are supposed to police exactly this kind of blatant fraud? According to El Gato Malo, whose bad cattitude Substack is becoming essential reading, the scam is “a feature, not a bug” in a new […]

December 31, 2025 | A Top Concern Among Readers in 2025

People are losing confidence in institutions precisely because these actions show how quickly access to one’s own assets can be restricted without due process. This story resonated because it stripped away the rhetoric and exposed reality. Governments everywhere are preparing for a future where financial access is conditional. Data will be weaponized as the sovereign […]

December 30, 2025 | Silver’s Pullback Explained: Profit-Taking, Not Panic

Silver prices slipped slightly during Asian trading and stayed near the lower end of the day’s range. That usually signals there are still sellers at higher prices, which can limit short-term upside. Price action in context For more than a year, much of the silver discussion has focused on short sellers — the idea that […]

December 30, 2025 | November 2025 US Real Estate

  November home sales in the US paint a picture of stagnation and a frozen market. Home prices and mortgages have risen and demand has waned. This is a buyer’s market but conditions are not particularly favorable due to the cost of ownership. Sales rose 0.5% from November to October and were 1% lower on […]

December 29, 2025 | Why is Keynesian Economics Collapsing?

  In his 1936 book, ‘The General Theory of Employment, Interest and Money,’ John Maynard Keynes argued that aggregate demand was too volatile to be stable and would lead to inflation or recession. His theory honed in on spending as a means of price control. Low aggregate demand, Keynes argues, would lead to high unemployment […]

December 29, 2025 | Is Asian Guy a False Flag?

As most of you have noticed, the precious metals space on YouTube is being flooded with AI/human hybrid deep dives into the suddenly crazy-volatile silver market. Why now? Who are these people? And how are they suddenly able to produce a tsunami of riveting content? Gold stock analyst Don Durrett just posted an interesting explanation: Don Durrett – […]

December 29, 2025 | The TruthAbout Electricity Costs

Electricity bills are rising in the US — and politicians are mostly blaming either renewable energy or data centers and AI. But do either of those really explain the problem? And is there any way to fix it? Business Insider producer Elizabeth McCauley sifts through the noise and talks to experts to find out the […]

December 28, 2025 | Socialism Contradicts Freedom of Religion – Why Amish do not Pay Social Security Taxes

  In 1935, Roosevelt introduced “The Social Security Act,” which passed in Congress. However, the act was described as “Old Age, Survivors, and Disability Insurance.” At first, the Act covered only industry and commerce. It was later extended to include farm operators in 1955. The SS tax was to be 3% of income up to […]

December 27, 2025 | Tech Talk for Saturday December 27th 2025

The Bottom Line The proverbial “Santa Claus Rally” by the S&P 500 Index from December 14th to January 6th continues. Strong relative seasonal strength (relative to the S&P 500 Index) for the TSX Composite Index and its related ETFs (e.g. XIU.TO) also continues. Their historic period for outperformance relative to the S&P 500 Index is […]

December 26, 2025 | Precious Metals Rally: What’s Driving the Surge?

Gold, silver, and platinum are all climbing sharply as we head into the new year. This isn’t just speculation or short-term trading — it’s being driven by real demand and tight supply in physical markets. Gold: Gold prices are at record highs, but trading activity in futures markets is surprisingly low. That suggests limited supply rather […]

December 26, 2025 | Japan & the Future

QUESTION: Mr. Armstrong, I understand the previous Japanese government did to you with the letter asking to confirm $10 billion when it was $1 billion and they never explained how they could make such a mistake. Here in Japan, we are still struggling as you had warned would be the case with the collapse of the […]

December 26, 2025 | Unobtanium! Silver spikes as industrial users scramble for inventory

Merry Christmas, stackers! Some happy images pulled from my X feed: And an “Asian Guy” video:  

December 25, 2025 | Merry Christmas!

  Merry Christmas to everyone around the world. Christmas is a reminder that history does not move in straight lines. It moves in cycles. Every civilization has faced moments where confidence was tested, institutions were stretched beyond their limits, and the public was told to trust systems that were clearly no longer working as intended. […]

December 24, 2025 | Time For a Silver Volatility Spread?

2025 was the year silver stackers were waiting for. The metal blew through $40/oz, then $50 and $60 without a backward glance, and is now testing $70. Many of you are suddenly rich. Nicely done! But now we’re in an interesting place. Silver’s chart screams “overbought, correction imminent!” while its fundamentals make a parabolic spike […]

December 24, 2025 | Covid Christmas – Never Froget

December 23, 2025 | The AI Supercycle Is Repricing Natural Gas – Here’s Why It Matters for Investors

For years, natural gas was seen as a temporary ‘bridge fuel’ – cheap, abundant, and eventually replaced by renewables. That story is changing fast. By late 2025, one fact has become clear: energy is the limiting factor for AI growth. For retail investors, the story has shifted from ‘green at any cost’ to ‘reliable power at any scale’. Over […]

December 23, 2025 | Bernie Votes Against Bipartisan Childhood Cancer Act for Leverage

    The Mikaela Naylon Give Kids a Chance Act was designed to help children with cancer receive life-saving treatment and participate in clinical trials with minimal red tape. The House of Representatives approved the bill unanimously earlier this month. Allowing children with childhood cancer to access treatment should have been a bipartisan no-brainer. Yet, […]

December 22, 2025 | Going (Staying) Home

Happy Monday Morning! Human QE is over. Canada’s population outright contracted in Q3, shrinking by 76,000 people. This was the only quarterly decline on record outside the pandemic. Source: IceCap Asset Management BMO’s economist Robert Kavcic summed it up well. “A major population adjustment is well underway, and it remains one of the biggest economic […]

December 22, 2025 | DDB: 2026 Outlook

Worthwhile discussion in this segment. Ted Oakley interviews Danielle DiMartino Booth, discussing outlooks for interest rates, markets, and the economy. Here is a direct video link.

December 22, 2025 | Fentanyl Classified as Weapon of Mass Destruction

  Fentanyl has been classified as a Weapon of Mass Destruction (WMD) after it claimed the lives of 57,000 Americans in 2025. The order directs the Attorney General, Defense, Homeland Security, State, and Treasury to treat illicit fentanyl networks as national‑security targets. The Secretary of War must update military guidelines on “chemical” incidents to include […]

December 21, 2025 | The Next Fed Chair Inherits the Death Spiral

President Trump is auditioning candidates for Fed chair (to take office in May 2026), with the main criteria apparently being who will cut rates fastest and deepest. So consider a near-zero Fed Funds rate a given for the coming year. But that’s just the beginning of a very complex process. Let’s start with the fact that the […]

December 21, 2025 | Grand Supercycle Will End with Trump

The widespread notion that a U.S. president can significantly influence the economy is mistaken. In observable fact, the broad cycles that bring us good times and bad, booms and busts, are vastly larger and more powerful than the presidency, too overwhelming to even affect, let alone command. Even the radical economic policies of Roosevelt’s New […]

December 21, 2025 | Powering the AI

According to Einstein, energy is everything. Literally. Every material thing you can touch is simply energy in a different form. Sometimes we can unlock that energy via combustion – burning wood or coal, for example. That’s where physics crosses over with economics. Those chemical processes enable us to produce the things that sustain and improve […]