ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
March 17, 2023 | Morons We Should Know: Janet Yellen
Watching almost any U.S. policymaker try to explain what they’re doing these days is a surreal experience. Whether it’s foreign policy — especially our multi-front plan to start World War 3 — or public health or border security, it’s clear that these guys have absolutely no idea how their tools work or what the result […]
March 16, 2023 | Deep Fakes, Artificial Intelligence and the Shrinking Trust Horizon
Some astoundingly consequential things have just happened, and in coming years they’ll reshape — if not end — our connection to the virtual world. Two examples: Deep Fakes It is now apparently possible to create videos of people doing and saying things they haven’t actually done or said. Imagine a YouTube video of a politician […]
March 10, 2023 | People We Should Know: Marjory Wildcraft
While we’re thinking about prepping, let’s segue from bugging out to staying put, with the following premise: In a world where we can’t trust factory farms, Big Pharma, or any regulatory agency, a family that makes most of its own food and medicine has a vastly better chance of surviving and thriving than one that’s dependent on […]
March 9, 2023 | Are We As Prepped As We Think?
My wife and I live in a place that’s pretty but hazardous. Earthquakes (there’s a big offshore subduction zone), forest fires (lots of trees), war (a nearby military installation), and civil unrest (a city a couple of hours away) are all at least theoretically possible here. And of course there’s the shared American problem of […]
March 4, 2023 | How a Country Goes Bankrupt, In 10 Steps
The past few decades of unnaturally easy money have created a world of “moral hazard” in which a ridiculous number of people borrowed far more than they should have. Now, with money getting tighter, not just businesses and individuals but some governments are staring at the “suddenly” part of that old saying about bankruptcy. Japan is […]
February 28, 2023 | Imminent Bankruptcies, Part 1: Carvana and Beyond Meat
One of the signposts on the road to recession (or in today’s case Depression) is a sudden increase in the number of former Wall Street favorites going bankrupt. The reason this happens when it does is that when money is easy, new companies are able to finance their emergence by selling a “disruptive” story to […]
February 27, 2023 | Is The Copper Story As Good As Everyone Says?
How does “energy transition metal in chronic shortage” sound? Copper is about as old-school as it gets. A metal that was used as low-denomination coinage from the Roman Empire through modern times and as an electrical conductor since the invention of the light bulb, it’s been both in demand and relatively easy to find, basically […]
February 26, 2023 | Will 7% Mortgages Crush Housing?
Between 2020 and 2022 houses in America’s hottest real estate markets went from unaffordable to 50% above unaffordable. Put another way, they did what would have been impossible in an economy where market forces determined interest rates and home prices. But ours was not that kind of market. Central banks around the world had lost […]
February 25, 2023 | People We Should Know: Catherine Austin Fitts
These days we all have our theories about how and why the 1% have become so rabidly predatory (find my recent take here). But the most sophisticated – and scariest – analysis comes from Catherine Austin Fitts. As an Assistant Secretary of Housing and Urban Development (HUD) in the Bush Jr administration, Catherine noticed that huge […]
May 12, 2022 | Kitco: Gold Price on ‘Cusp’ of $2k Rally, Here’s How Not to Miss it
by Anna Golubova on Kitco: After falling 6.5% in the last month, gold is now near a bottom, with the $1,800 an ounce serving as a floor for prices, Bloomberg Intelligence senior commodity strategist Mike McGlone told Kitco News. Investors have been reevaluating their risk-on positions as the Federal Reserve looks to tighten by 50-basis-points […]
May 11, 2022 | Chris Martenson: The Pfizer Documents
The FDA and Pfizer wanted to keep the vaccine trial results hidden for up to 75 years. Now we know why. Here are some quite serious anomalies that are begging for answers…. by Dr. Chris Martenson on Peak Prosperity: One such example is the fact that the lead author on the seminal vaccine paper in […]
May 8, 2022 | Small Business Owner: How Covid Crippled Us but Made Bank for Blackstone
by Patrick Nelson on Publius: The government response to the Covid-19 pandemic was rough on most of the nation’s seven million businesses. Each year 600,000 businesses close their doors, and in the first year of the lockdown this increased by an extra 200,000 casualties. Some of us struggled more than others to survive. My business, […]
May 7, 2022 | Schiff Gold: Buckle Up for a Crashing Economy and More Inflation
by Michael Maharrey on Schiff Gold: Jerome Powell began hinting that inflation might be a problem last August. In November, Powell retired the word “transitory.” But here we are in May and the Federal Reserve still hasn’t done anything substantive to address the inflation problem. And now it may be too late. It’s probably time […]
May 5, 2022 | Jim Rickards: The Dollar’s Collapse is Happening Before Our Eyes
by Jim Rickards on The Daily Reckoning: Analysts and authors, myself included, have been warning about the collapse of the dollar as the global reserve currency for years. I described this prospect in my first book, Currency Wars (2011), and in several other books in the years since. This process can take many years. For […]
May 4, 2022 | Chris Martenson: Will You Starve to Death This Year?
by Chris Martenson on Peak Prosperity: Currently, diesel prices in the U.S. and Europe are signaling that serious shortages are now upon the western world. What does this mean? Well, it simply means that less diesel will be used than before. High prices and actual shortages tend to have that effect. Which products or services […]
May 3, 2022 | Charles Hugh Smith: Is Housing a Bubble That’s About To Crash?
by Charles Hugh Smith: Are we heading into another real estate bubble / crash? Those who say “no” see the housing shortage as real, while those who say “yes” see the demand as a reflection of the Federal Reserve’s artificial goosing of the housing market via its unprecedented purchases of mortgage-backed securities and “easy money” […]
May 2, 2022 | Jeffrey Tucker: Two Weeks to Flatten the GDP
by Jeffrey Tucker on The Brownstone Institute: What is it with these pundits and government spokespeople? Two years ago, they were wildly exaggerating virus threats, canceling and censoring people who pointed out contrary evidence. It was all about scaring people into compliance with a far-flung epidemiological experiment. Now the tendency has swung the other way. […]
May 1, 2022 | Charles Hugh Smith: Not the 70s or the 20s: We’re in uncharted territory
The awakening of inflation after decades of slumber has triggered a flurry of comparisons to the 1970s accompanied by a chorus of projections for 1970s-type stagflation, defined as inflation plus economic stagnation– limited or negative growth and high unemployment. A less popular comparison is with the 1920s: a massive expansion of debt, an equally massive […]
April 29, 2022 | Bill Blaine: April Exposes Markets to Some Brutal Truths
by Bill Blain on Blain’s Morning Porridge: Sometimes the penny takes an awful long time to drop. April 2022 has been one of the most interesting months I’ve seen in nearly 40 years messing around in markets. 30 days have confirmed a massive and diametric shift in thinking is underway. Take a look at the […]
April 28, 2022 | David Haggith: US Economy Crashes Headlong into Recession!
s it too extreme to say an annualized GDP growth number of minus 1.4% this quarter puts us in recession in THIS quarter, and is it too extreme to call that a “crash?” It is not in the least extreme, and I’ll tell you why, even though the standard definition of a recession is two […]
April 27, 2022 | Kitco News: Unintended consequences of U.S. dollar ‘weaponization’
by Anna Golubova on Kitco News: Are we witnessing a reversal in globalization? What are some unintended consequences of sanctions against Russia and the weaponization of the world’s reserve currency — the U.S. dollar? With uncertainty still the dominant theme going into the second quarter of 2022, the main beneficiaries in this environment are safe-haven […]
April 26, 2022 | Lew Rockwell: Using War to Assault Freedom
by Andrew P. Napolitano at Lew Rockwell: Most judges and lawyers agree that the war on drugs in the past 50 years has seriously diminished the right to privacy guaranteed by the Fourth Amendment. Now a small group of legal academics is arguing that the war in Ukraine should be used to diminish property rights […]
April 23, 2022 | Inflation May Take The Food Out of Your Mouth Before it Goes Away
The experts say, “Inflation is peaking.” The experts said “Inflation is transitory.” Who you gonna believe? Maybe next the experts will say, “You are going to be satisfied with eating less.” by David Haggith on The Great Recession Blog: So much has happened with the rise of inflation and so much is continuing to […]
April 22, 2022 | Doug Casey: Food Riots and “Inflation Lockdowns” will Endure
Food prices are soaring, riots are roaring. What is driving the inflation? How long is this going to last? And how much worse will it get? What is the likelihood riots spread to the US and other developed economies? by Doug Casey on International Man: International Man: Recently, we’ve seen people riot over rising prices—especially […]
April 21, 2022 | Telling the Covid Good Guys from the Bad Guys
by Justus R. Hope: How does one navigate when the traditional media all lie? How can an average person figure out who to believe? What is the truth? When you notice young, healthy athletes suddenly dropping from heart attacks, and Twitter de-platforms anyone who dares mention it, this tells you not to trust Twitter. Likewise, […]