Silver Bear Cafe Public Area

1928 Soviet Plan to Take Over America
Mr Reagan

08.04.20- Are You Loving Your Servitude? (Part 2)
Jim Quinn

In Part One of this article I laid out the argument Huxley’s dystopian vision of the future had played out over many decades, but now I observe Orwell’s darker vision in motion since the start of this century.

All the “solutions” being imposed by those in power don’t solve anything, because they aren’t designed to solve anything. These are nothing but short-term emergency sustaining maneuvers to keep the dying patient alive, while the criminals ransack his house, extracting whatever wealth he has saved. Throwing $1,200 bones and $600 a week bribes to what they consider the Main Street riff raff, while funneling trillions into the pockets of Too Big To Trust Wall Street banks, billionaire oligarchs, connected mega-corporations, and pliable corrupt politicians, is just what the doctor ordered for the ruling class.

Their weak-kneed toadies at the Federal Reserve have dutifully fulfilled their mandate of no banker or hedge fund left behind. While Main Street is beset with potholes, boarded up small business storefronts (if they haven’t been looted and burned), homeless drug addicts, and the unemployed lining up at local food banks, Wall Street is being paved in gold, with its inhabitants eating caviar, drinking champagne, and celebrating their brilliance in owning a central bank, guaranteed to enrich them. Read More

08.03.20- A Vaccine May Not Be The "Magical Cure" Everyone Anticipates
Charles Hugh Smith

Few appear willing to follow the probabilities of a future in which a vaccine cannot possibly be the "magic cure" everyone wants.

Let's attempt the impossible and set aside all preconceptions we might have about a vaccine for Covid-19, and think it through somewhat dispassionately. Let's start by stipulating that dispassionate analysis is as rare as anti-matter, as everyone's barely-cloaked self-interest and ideological biases demand an indignant, rabid response to any challenges to the one true faith, i.e. whatever they believe.

Speaking of self-interest, we would blind not to notice the rapacious interest of Big Pharma in reaping billions of dollars in profits from a vaccine or vaccines. What could be better for obscene profits than a vaccine everyone must have to participate in the conventional economy, a vaccine the federal government will let the "owner" price at "market"?  Read More

08.03.20- Are You Loving Your Servitude?
Jim Quinn

“A really efficient totalitarian state would be one in which the all-powerful executive of political bosses and their army of managers control a population of slaves who do not have to be coerced, because they love their servitude.” ― Aldous Huxley, Brave New World

“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.” ― George Orwell, 1984

Huxley and Orwell were contemporaries. Huxley’s dystopian masterpiece was published in 1932 at the outset of the rise of totalitarianism, while Orwell’s was published in 1949 after 65 million people perished in a World War and Stalin had already murdered tens of millions of his own citizens. Those were dark times. They also coincided with Edward Bernays 1928 publication of Propaganda, in which he revealed the existence of an invisible government who used propaganda to manipulate the minds of the public to insure those controlling the levers of power were able to engineer their desired outcomes.  Read More

08.01.20- Make America Constitutional Again?
James Bovard

The American political system may be on the eve of its worst legitimacy crisis since the Civil War. Early warning signals indicate that many states could suffer catastrophic failures in counting votes in November. The election will occur amidst the vast economic devastation inflicted by a political class that responded to COVID by seizing almost unlimited power. And Deep State federal agencies have already proven that they will trample the law to sabotage election results. 

America could soon see a hundred-times worse replay of the Florida presidential balloting 20 years ago in the Bush-Gore showdown. Some Florida counties had antiquated voting equipment while others had harebrained ballot designs that confounded voters. The Florida Supreme Court ordered a manual recount of disputed votes but the Supreme Court, in a 5-to-4 decision, stopped the recount because it could result in “a cloud upon what [George W. Bush] claims to be the legitimacy of his election,” Justice Antonin Scalia wrote. Two days, the same Supreme Court majority blocked any subsequent recounting because it was “not well calculated to sustain the confidence that all citizens must have in the outcome of elections.” Unfortunately, “legitimacy via blocked recounts” may also be the epithet for the 2020 presidential election.  Read More

07.31.20- Keep Those Federal Troops out of American Cities
Ryan McMaken

The violence and the utter disregard for basic human rights displayed by the Left in recent years—combined with its support for war crimes when a Democrat is president—have made me inclined to play nice with conservatives these days. At least conservatives aren't planning to torch my neighborhood any time soon, and at the moment they're no worse than the Left on foreign policy.

On the other hand, sometimes even the relatively less bad guys (for now) come to some very dangerous conclusions.

Specifically, some authors at conservative publications are now demanding that the president send in federal agents and troops to make arrests and intervene in local law enforcement to pacify rioters in Portland and other American cities. These pundits are claiming that since local officials allegedly aren't responding with alacrity to rioters, it's time to send in federal troops. Read More

07.30.20- Culturally Appropriating the Word “Liberal”
Donald Jeffries

I became politically aware as a teenager in the mid-1970s. It was a different country, and a different world. America 1.0, as I like to call it. I gravitated naturally to the far Left side of the political spectrum. I was against all war. I thought the poor were getting a raw deal. I didn’t think blue-collar workers were being paid enough. I felt sympathy for the unjustly convicted and opposed the death penalty. I thought marijuana should be legalized. I believed our leaders should be focusing on the many domestic problems, instead of senseless foreign intervention.

Most importantly, I became a civil libertarian. Patrick Henry’s words, “I may not agree with what you say, but I’ll defend to my dying day your right to say it” resonated with me almost as much as Huey Long’s great “Share the Wealth” speeches. I was also influenced by Hugh Hefner’s Playboy Philosophy, which talked about “victimless crimes” and ignited my libertarian streak. Read More

07.29.20- Big Tech commits MEDICAL TREASON by censoring doctors’ video revealing covid-19 CURE being suppressed by Big Pharma / Big Science fraudsters
Mike Adams

Big Tech, a massive criminal enterprise that colludes with Big Pharma to see Americans enslaved under a system of medical tyranny, has now committed an act of medical treason against all Americans.

They’ve blacklisted a powerful video of doctors presenting the solution to covid-19 that can save lives, end the pandemic and get America back to work right now.

This malicious censorship by Big Tech has reached the level of criminal treason against the United States of America. The CEOs of Google, YouTube, Facebook and Twitter must be arrested and charged with treason, and their corporations must be seized and shut down to prevent further acts of treason against the United States of America. Read More

07.28.20- Four Months of Unprecedented Government Malfeasance
Heather Mac Donald

The following is adapted from a lecture delivered on June 18, 2020, for a Hillsdale College online symposium, “The Coronavirus and Public Policy.”

Over the last four months, Americans have lived through what is arguably the most consequential period of government malfeasance in U.S. history. Public officials’ overreaction to the novel coronavirus put American cities into a coma; those same officials’ passivity in the face of widespread rioting threatens to deliver the coup de grâce. Together, these back-to-back governmental failures will transform the American polity and cripple urban life for decades. 

Before store windows started shattering in the name of racial justice, urban existence was already on life support, thanks to the coronavirus lockdowns. Small businesses—the restaurants and shops that are the lifeblood of cities—were shuttered, many for good, leaving desolate rows of “For Rent” signs on street after street in New York City and elsewhere. Americans huddled in their homes for months on end, believing that if they went outside, death awaited them. Read More

07.27.20- When It Comes To Economic Suffering, Some Parts Of The U.S. Are Feeling It Far More Than Others
Michael Snyder

2020 has been a very tough year for the U.S. as a whole, but some portions of the country have been hit much harder than others.  For example, if you live in a rural area that hasn’t seen any civil unrest and that hasn’t been hit very hard by the COVID-19 pandemic, the way that you are living your life now may seem nearly unchanged from the way you were living your life in 2019.  But if you live in an urban area that has experienced endless protests and rioting and that has seen COVID-19 sweep through local neighborhoods like wildfire, your life in 2020 may look radically different from the way it looked in 2019.  Unfortunately, conditions in our largest cities are not likely to improve dramatically any time soon.

But many people that live in rural communities are feeling pretty good about things right now.  Even though more than 52 million Americans have filed new claims for unemployment benefits over the last 18 weeks, the official unemployment rate in many rural counties is still in the single digits.

I know that may be difficult to believe, but that is what the numbers tell us. Read More

 

07.25.20- Eviction Moratorium Expires Today, Putting Millions Of Renters At Risk
Tyler Durden

The Federal Housing Administration (FHA) was able to stop evictions of renters during the coronavirus pandemic. The Coronavirus Aid, Relief, and Economic Security Act (CARES) also made it unlawful for landlords to evict tenants in federally subsidized or federally backed housing. However, those protections are set to expire today (Friday, July 24). 

Washington D.C.-based think tank Urban Institute estimates the eviction moratorium, expiring today, could put more than 12.3 million renters at risk of losing their home.

This protection can help stabilize renters during an economically precarious time, but it doesn't cover everyone. We estimate that eviction moratoria covering federally financed properties will apply to roughly 12.3 million (28 percent) of the 43.8 million US rental units. - Urban Institute wrote. Read More

07.24.20- What if a Riot Comes Down My Street?
T.S. in Ohio

A few weeks ago, I jumped on SurvivalBlog hoping to see discussions about the riots and good ideas being shared but I was very surprised with such a major disaster unfolding to see that there was barely a mention about the riots. (Sorry, I meant “mostly peaceful protests”!) But I was glad to see the discussion pick up a few days ago with the article titled: Is It Time to Worry? by Jim S. because I believe these riots and the groups behind them are the most “clear and present danger” that the citizens of America currently face. I believe that we preppers should be shifting our efforts in this direction. If you’re lucky enough to live on a 50-acre ranch in rural Idaho, then you may not be as concerned about a riot moving down your street, however the violent attempt to take away our freedom by these anarchists should be of serious concern to everyone. It just amazes me when I compare this “revolution” to the ones in other countries. Typically the people who are revolting because the government is not listening to the people and they want the right to vote, etc. Here we have a government elected by the people and instead of trying to persuade citizens to join their cause so they can win elections, these anarchists are trying to impose their will by force and intimidation. Basically, they are rioting to take away our right to vote because they believe they’re right and what the silent majority thinks doesn’t matter, end of discussion! Read More

07.23.20- The Evils of Government Statistics
Brian Maher

The official unemployment rate is 11%. Yet we remind you:

The unemployment rate is but a statistic. And statistics are the damndest of all damnable lies.

Thus we wonder… What is the truthful unemployment rate?

Today we peer within official numbers, behind official numbers, beneath official numbers… in pursuit of a square answer.

But first to another extravagant fiction — the stock market.

Closing in on Dow 27,000 Again

The Dow Jones advanced another 159 points today on its march towards 27,000. The S&P squeezed out a mere five-point gain.

The Nasdaq — meantime — went 86 points backward today. Read More

07.22.20- Hydroxychloroquine Should Be Available Over the Counter
John and Andy Schlafly

It is time to take the bull by the horns to conquer the Wuhan virus. Drastic action is necessary, like on December 8, 1941 after Japan bombed Pearl Harbor.

President Trump should order immediate public access to hydroxychloroquine (HCQ) by making the medication available over-the-counter (OTC). Liberals have interfered with public access to this medication for COVID-19 through the old-fashioned route of requiring a prescription and then having a pharmacist fill or reject the prescription.

Millions of Americans do not visit physicians, and cannot obtain a prescription for HCQ if they did. Even if you have been exposed to COVID-19, you cannot obtain a prescription for HCQ in most states because regulators prohibit dispensing it without a positive test result, which typically cannot be obtained until late in the progression of the disease. Read More

07.21.20- Now We Have Proof Dr. Fauci Is Full of Crap
and Can't Be Trusted

Matt Margolis

According to a recent poll, two-thirds of voters trust Dr. Anthony Fauci, not President Trump, when it comes to information on the coronavirus.

Well, if you think you can trust Dr. Fauci, the director of the National Institute of Allergy and Infectious Diseases, you now have every reason to question his judgment. In an interview with PBS NewsHour, Dr. Fauci, the trusted expert, actually lauded New York’s response to the coronavirus.

We know that, when you do it properly, you bring down those cases. We have done it. We have done it in New York,” he told PBS’s Judy Woodruff. “New York got hit worse than any place in the world. And they did it correctly.”

I used to have faith in Dr. Fauci’s judgement, but that faith has waned over the past few months, and is now completely gone. How exactly does anyone look at what happened in New York and say that’s a model example for fighting the coronavirus?

Let’s look at the evidence. Read More

07.20.20- Dispatches from the War: Mr. Trump, deliver a knockout blow to the traitorous CDC
Jon Rappoport

“…against all enemies, foreign and domestic…”

Let’s get domestic.

I promise you, Mr. President, if you send a hundred FBI agents into the CDC and remove millions of their files as evidence, you’ll discover this federal agency is entirely corrupt, and has been for decades.

While the Department of Justice prepares indictments, make a public declaration that your administration will ignore all their COVID case numbers and recommendations. They’re criminal liars. That’s their whole game.

Let me help you out with four examples. Face it, you’re not good with details, so you may want a team to summarize the following revelations for you. Read More

07.18.20- In America 2020, Truth is Being “Canceled
Steven Yates

Truth itself, not just history, is being “canceled” in America. It’s become a cliché that we live in a post-truth world. The situation is actually worse. We now live in a world in which truth and lies are almost perfectly inverted, so that lies pass for truth, while truth is denounced or mocked in a fashion that would have shocked even Orwell.

This is made easier by the fact that at all levels, education in the U.S. has collapsed. Completely and totally. It exists institutionally. It does not exist intellectually. The only people presently getting real educations are those being homeschooled

Consider what’s happened since May 25, the day George Floyd died. His death was filmed with police officer Derek Chauvin’s knee on his neck. In a social media saturated society, what is filmed and uploaded to the Internet is real. Protests turned to riots, which tore through major cities destroying businesses that survived the Covid-19 lockdowns. While civic authorities did little or nothing, a clearly planned and orchestrated movement of “cancelling” history arose, its “woke” foot soldiers pulling down statues and vandalizing historical monuments. It is now possible that neither the Confederate carving on Stone Mountain, Ga., nor even Mount Rushmore, will survive the apostles of “woke.” Read More

07.17.20- The Social Justice Cult Really Hates Parler - Here's Why...
Brandon Smith

I have never been a fan of social media platforms, primarily because I realize most of them are operated by leftists and globalists with an antagonistic agenda. The idea of spending all the time and resources needed to build a following on these websites only to then have that work used against you as leverage to silence your viewpoints is not appealing. The more effort you put into sites like Twitter, the more dependent you become on it to get your message out, and the more dependent you become the more power the people at at these companies hold over you.

Just ask any of the numerous conservative personalities that have been banned from Twitter over the past couple of years because of their political positions. Or ask the people who were banned from YouTube, Twitch, Facebook, etc. as part of a massive purge of accounts this past month, the vast majority of them considered conservative or moderates. Of course, these companies usually don't admit outright that they are biased against conservative and moderate viewpoints; instead, they accuse accounts of spreading “hate speech”, violating community guidelines or violating “copyright rules”. Read More

07.16.20- Why The Civil War Wasn’t About Slavery
Dr. Samuel W. Mitcham, Jr.

From the 1870s to the late 1950s, there was an unofficial truce between the North and South. Each side recognized and saluted the courage of the other; it was conceded that the North fought to preserve the Union and because Old Glory had been fired on, and the Southerner fought for liberty and to defend his home; the two great heroes of the war were Abraham Lincoln and Robert E. Lee; and the South admitted that slavery was wrong but never conceded that it was cruel.

Around 1960, the Democratic Party—led by Lyndon B. Johnson— advanced the modern incarnation of identity politics. It worked very well for them. In the election of 1956, 75% of African-Americans voted Republican. By 1964, more than 90% of them voted Democrat, and they have been doing so until 2020. As part of their effort to control and manipulate the black vote, the Leftists and their myrmidons advanced the myth that the Civil War was all about slavery. It wasn’t. It was, in my opinion, about money, more than anything else. Now, at this point, I know some of my liberal friends will bristle up and say: “It was too all about slavery!” Well, you are entitled to your opinion, but let me ask you this: What was slavery about? Read More

07.15.20- What is the real purpose of the Lockdowns?
Renée Parsons

From masks to lockdowns to “social distancing”, do these anti-Covid measures serve another purpose?

If given the choice between maintaining a toxic world of fear, pollution and violence controlled by the State or a society of prosperity and compassion based on freedom and individual rights, there is little doubt that the majority of Americans would want the old paradigm of synthetic events to take a hike; except that choice has been distorted under the guise of what the World Health Organization (WHO) has mislabeled the most deadly virus in history.

The coronavirus crisis arrived in a flash with little time to analyze exactly WTF was going on. Americans struggled to process what is real, trustworthy and authentic as the unraveling of deep political decay revealed a behind-the-scenes subterranean power struggle that has surfaced with the intent on disintegration of American Society. Read More

07.14.20- Pandemic Compresses Brick & Mortar Meltdown: Brooks Brothers Files for Bankruptcy, Ascena (Ann Taylor, etc.) Prepares to File, Tailored Brands (Men’s Wearhouse, etc.) Not Far Behind
Wolf Richter

A dozen major brands, thousands of stores, after years of struggling. Work-from-home is annihilating casual and formal office attire.

The brick-and-mortar retailer bankruptcy plot continues to progress relentlessly. Today, it’s Brooks Brothers, the oldest men’s clothier in the US that also diversified over the decades into women’s attire, sportswear for college kids, and the like. Owned and run by Claudio Del Vecchio – often labeled “billionaire” whose dad founded Italian eyeglass maker Luxottica – Brooks Brothers filed for Chapter 11 bankruptcy in Delaware on Wednesday. Read More

07.13.20- How You Can Prepare for America’s Decline
Dan Denning

Last weekend was the 244th anniversary of the birth of the United States of America as an independent nation. At this point, you have to wonder if America’s 244th birthday might be its last.

As Bill pointed out recently in his Diary, the good times in America probably peaked in the middle of the 20th century. How fast will the decline be? (More on how to prepare for that shortly.)

News came out last week from the Labor Department that 4.8 million Americans found work in June. That brought the official unemployment rate down to 11.1% from 13.3%. With parts of the American economy reopening, some people are getting back to work. Read More

07.11.20- Economic Cannibalism:
What Millennials Don’t Know Will Hurt Everyone

Judith Acosta

As a conservative social worker, I stand out like a tar pit in a snowstorm. My family leans to the left like a genetic tower of Pisa and I live in a state that is heavily dependent on federal jobs. How this has happened is beyond me, but there it is. I’m surrounded. And baffled by what I hear.

When I’ve asked my friends and family why they want socialism, generally the response is terse: “To help people.” When I’ve asked why they reject the existence of nation states and hope for a socialist one-world order, none could provide a clear answer. Mostly they retreated to the sound bite: “It would be nicer.” “We have to share the planet.” Only one older family member had a clear position, “Because of all the atrocities perpetrated by nationalism.”

I countered by asking: “And would socialism eradicate toxic nationalism?” Read More

07.10.20- Armed Militias: Severe Madness - Markets Aren't Ready!
Lior Gantz

We believe that most market participants have just not realized HOW PROBLEMATIC the current situation really is. The global economy will prevail and resume growing and creating wealth, but that’s like saying that a climber will reach the summit of Mount Everest since he’s capable of doing so, even though he PRESENTLY has a BROKEN LEG and a cast on it. 

If this climber — who has clearly proven his potential in the past by already reaching this peak — is getting the proper care, then it’s worth betting that he’ll recover and ascend to the pinnacle of his sport once more. BETWEEN NOW AND THEN, though, is it worth risking it all on his recovery, as if no delays and no challenges stand in the way?

America is internally DIVIDED on issues that, at least in my lifetime, haven’t surfaced since they’re so fundamental that they weren’t ever up for debate. Today, even the country’s founding fathers are cause for strife. America isFIGHTING DOMESTIC DEMONS, and though it has prevailed each and every time in the past, it has not been a SMOOTH RIDE. Read More

07.09.20- My Investigation of COVID-19
Jon Rappoport

This is one of those investigations in which you ask yourself, IS THE PHENOMENON, AS DESCRIBED, REAL? That’s where I started. At this point, I’ve written well over 150 articles about COVID-19.

And of course, the phenomenon is not real.

Most people wouldn’t be able to grasp that. They’re stuck at the gate, saying, PEOPLE ARE DYING, IT MUST BE THE VIRUS.

Well, people are always dying. It’s very easy to repackage their deaths under a new label. And those that are dying for new reasons…you can track down those reasons, too. In a few places, it’s pollution, in another place it could well be a previous vaccine campaign, and so on. In New York, a lot of people are dying premature deaths because they’re put on breathing ventilators and heavily sedated. As I laid out in several key articles, proper procedures of viral discovery were never carried out in China or anywhere else. There is no convincing proof researchers ever found a new virus. Read More

07.08.20- "Pragmatism Is Out The Window, The Days Of Madness Are Upon Us"
Bill Blain

“The hurrier I go, the behinder I get..”

I used to think the “believe 6 impossible things before breakfast” line from Alice Through the Looking Glass was one of the funniest things ever written. Until this year.. I’ve come to understand it’s a statement of simple fact for this corona-addled age. I really can’t believe just how confused, conflicted, unfocused and distracted the various threads of society are becoming. Read More

07.07.20- Bye Bye American Pie
James Howard Kunstler

Way back in the 1950s, the popular euphemism to describe black children struggling in poverty was “underprivileged.” The elegant trope guided the nascent social services industry that reached full flower a few years later in Lyndon Johnson’s War on Poverty — a cause as lost, it turns out, as the War in Vietnam. The wonder is that it took seventy years for the race-and-gender faculty to come up with the corollary notion that white folks must be excessively privileged, and must be punished for their broken promise to bestow more privilege upon those lacking it.

And so, in the paroxysms of early summer, 2020, with Covid-19 raging world-wide and the floor dropping from underneath our shuck-and-jive economy, and the climate doing… whatever it’s doing… Chuck and Nancy led their privileged minions in a ceremony of penance, taking their knees with shoulders draped in kente shawls of atonement, signifying… wait a minute… signifying what, exactly? Read More

07.06.20- Hyperinflation: Absolutely EVERYTHING
You Need To Know!

Lorimer Wilson

To wind up with true hyperinflation, some very bad things have to happen. The government has to completely lose control and the populace has to completely lose faith in the system – or both at the same time. Will the U.S. go down that path? Let’s review the situation. @A Financial Site For Sore Eyes & Inquisitive Minds

Hyperinflation: A Definition

Historically speaking, hyperinflation is essentially always a political event. Someone loses a war, the government collapses, there is a pandemic such as the coronaviris (COVID-19) that virtually shuts down the economy causing many companies to fail and mass unemployment to occur or some huge dramatic political event happens that triggers the hyperinflation. After this huge event, the politicians in charge generally begin printing money and dishing it out many times more than existed the year before and, as inflation begins to pick up, the leaders then also generally speed up the printing. Read More

07.04.20- Trading and Investing America’s second Civil War
Global Intel Hub

Crediblock.com LLC - Second Sight Markets Analysis 7/3/2020 -- A second civil war is brewing in America and by some accounts has already started.  Regardless of your opinion and proclivities you can't deny that things are going to get more chaotic before they become more stable.  War is always a volatile situation but we have extensive experience trading through wars.  This is an intelligence brief for traders and investors it is not meant to be a comprehensive guide or a particular recommendation.

First, examine the facts.  Learn how to be an analyst.  Any war throughout history including modern war is primarily an information war and secondly a kinetic war.  Traders favorite book "The Art of War" needs to be read again.  It is perhaps why there has been so much censorship on social media recently.  Here we are going to look at what to buy, what to sell, and what markets are interesting. Read More

07.03.20- Investors Feel Bulletproof Again
Dan Amoss

Investors are ignoring the worst economic and earnings data since 2008. They’ve piled into risky assets in the hope that conditions will soon be back to normal.

But as much as we all hope for restoration to pre-coronavirus economic conditions, there are many reasons why the environment for stocks won’t be back to normal for much of 2020.

The first reason is that corporate balance sheets were weak going into the coronavirus crash. Large corporations have taken full advantage of the Fed’s emergency actions in March to issue a tidal wave of new corporate bonds in April and May. This raised liquidity and staved off bankruptcy for many companies.

Most companies won’t be using the money they raised from corporate bond sales to expand facilities or hiring. Rather, they’re hunkering down for a long downturn by raising liquidity on favorable terms. Read More

07.02.20- Storm Warning
James Howard Kunstler

The USA has gone so crazy in these months of the coronavirus freak-out that an orgy of looting, arson, and murder, on top of epic job loss and business failure, propelled the stock markets up-up-and-away back to near-record highs.

Makes sense, right?

The market came down a bit towards the end of the week, but don’t worry. The Fed will make another announcement that it’s going to do something or other and presto, the market will be off to the races again.

In the background of these weeks of protests, riots, looting, and arson is the disintegrating economy, which signifies that pretty much everybody in this land will not be able to keep on keeping on in the ways we’re used to. Read More

07.01.20- Trump's Next Move Could Mean EVERYTHING!
Robert David Steele

View Video

06.30.20- Surrounded by Government Failure,
Why Do People Still Believe?

Veronique de Rugy

I am always amazed by the faith that people have in government. Scour the newspaper any day of the week and you will read stories detailing the many failures of the federal, state, and local governments or agencies, and of their stupendous ability to commit the same mistakes over and over again. Yet these agencies are the one that people turn to in times of troubles or needs.

Astonishing.

Take the June 26th edition of the Wall Street Journal. There you’ll find a piece on how the Small Business Aid program has a significant fraud risk, according to the Government Accountability Office. That’s unfortunate for a program riddled with implementation problems that leave many small businesses unable to apply, while many large ones had no problems getting one of the available small-business loans.  Read More

06.29.20- The Four Steps to an Unstable and Corrupt America
Bill Bonner

Week 15 of the Quarantine

SALTA, ARGENTINA – We drove up to the capital city to take care of business. Argentina has the toughest lockdown in the world. Regular airline travel to Europe or America, for example, is not expected to resume until September.

But there are no cases of the virus in Salta. So it has been allowed to return to normal… almost.

It is not a pretty city. The sidewalks are broken and disorderly; we stumble down the streets as if we have a drinking problem.  Read More

06.27.20- How Surging Bank Deposits May Collapse US Dollar
Peter Reagan

In another episode of “Strange 2020,” banks have become flush with deposits. But not in the way you might expect.

According to CNBC, “A record $2 trillion surge in cash has hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January.”

In one month, deposits grew by $865 billion, which beat the record for an entire year.

You can see the incredible jump in deposits in the official chart, starting as the pandemic hit earlier this year.  Read More

06.26.20- 2020 Economic Predictions: This Series of Unfortunate Events Guarantees the Epocalypse
David Haggith

Look at the plethora of problems in my list of 2020 economic predictions, which are so severe and so likely to get even worse that it’s more difficult to imagine they won’t get worse than to believe they will. Some are so bad that just a few of them would plunge us into an abyss of social and financial catastrophes.

Here are my economic predictions for the remainder of 2020

This list of economic predictions is not hard to come up with. It is, however, the fact that it is so easy to predict these things this year that makes this year’s list so important.  Read More

06.25.20- Five places that should boom from
the coming Covid migration

Simon Black

Today’s the day.

Across the Land of the Free, and much of the world, local governments are finally starting to allow businesses to re-open and employees to come back to the office.

Offices in New York City opened this morning for the first time in months, after Comrade Mayor Bill de Blasio’s politburo finally approved the policy.

The Republic of CHAZ, formerly known as Seattle, was approved for ‘Phase II reopening’ on Friday, both by state health authorities as well as local warlords.

Other major cities and anarcho-communist enclaves around the world have been slowly re-opening over the past few weeks. And so far one key trend is obvious: Read More

06.24.20- Life is getting harder for debt collectors, and that is bad news for borrowers
Walter E. Block

According to Kathy Kraninger, Director of the Consumer Financial Protection Bureau, help for beleaguered debtors is in the offing. The new rules would limit the number of calls that can be made to debtors by collectors.

The collectors would be required to furnish the debtors with their options, ability to dispute claims made against them, provide more information to them, etc.

The last set of rules governing this relationship was set by the CFPB in 1977, over forty years ago. What has changed, requiring an alteration in the rules, in the view of this government agency? Read More

06.23.20- I, Who Hates Shorting, Just Shorted
the Entire Stock Market. Here’s Why

Wolf Richter

I’m sharing this trade for your future entertainment so you can hail me as the obliterating moron that infamously shorted the greatest rally floating weightlessly ever higher above the worst economic and corporate crisis imaginable.

I hate shorting. The risk-reward relationship is out of whack. It feels crappy. I lost a ton of money shorting the worst highfliers a little too early in late 1999. It’s just nuts to short this market that is even crazier than in late 1999. But this morning, I shared in a comment in our illustrious comment section that I’d just shorted the SPDR S&P 500 ETF [SPY]. My time frame is several months. Read More

06.22.20- Crimes Against Common Sense
Diane Dimond

What the hell is going on in this country? When did we, the majority, stop speaking up for ourselves? Crimes against common sense seem to happen every week, yet most of us stay silent.

Or is it that the media only highlights those who scream the loudest, leaving the impression that what they demand must be implemented?

The most vocal citizens today are the self-righteous members of the so-called woke pack. You know, those who see themselves as the arbiters of all social and racial justice, and if you don’t believe as they do, you are the enemy. Read More

06.20.20- Fake News Is Manipulating the Markets
Teeka Tiwari

Fake news… It’s everywhere. But it’s not a new story…

As a young stockbroker, I read how the great speculators of the early 1900s would float negative stories. They’d crash shares so they could cash in on short positions.

Others would whisper bullish stories into the ears of clueless newsmen so they could dump overpriced shares onto the public.

From Jay Gould to Jesse Livermore, Wall Street’s history is littered with moneymen playing the media for personal profit. Given there were no rules governing stock trading back then, it was easy for them to move stock prices. Read More

06.19.20- Black Lives Matter is a Modern Totalitarian Revolution
Douglas V. Gibbs

If we allow the Black Lives Matter movement to become America’s Bolshevik Revolution, we will lose our liberty, and many of us will likely lose our lives, as well, for daring to question them. This was never about racism. It has been about power…

Classic totalitarian regimes share a number of common characteristics. The rise of these regimes began with a cultural revolution, aimed at angering the citizens against the current system. During that period domestic enemies are designated, and the people in the radical movement aiming at overthrowing the old system rally together against those common enemies, calling it a common struggle, as they adopt a new official ideology that stands significantly apart from the old one. They seek to control every aspect of the lives of their people, enlisting everyone they can to participate in the struggle. Even persons who may belong to enemy classes or groups join up, hoping to receive mercy when the new regime gains control. In Stalin’s Russia and Mao’s China the enemies were anyone who reminded them of the old system, and anyone who could challenge them if left with enough power. Read More

06.18.20- Meanwhile, Back In The Real World...
Bill Blain

Did Donald Trump really say yesterday that the Virus is going to fizzle away? Really..? Stunningly Uninformed is the quote of the day. I must try to get a copy of Bolton’s book.. 

Yet, the bottom line is the virus will pass. The global economy, led by the US, has bounced off the bottom of the COVID shock, and is now posting gains off the lows. The numbers will probably confirm the economic nadir was sometime in April. Is it now Recovery? Not yet. Normalisation? No. 

Recovery is the wrong word. After 3 months of lockdown, consumers are out in force, industrial production is rising, activity is increasing. It feels like the first glimmers of spring have arrived. Problem is… we’re nearly half-way through the year! A lot has been missed and lost forever. Consumption and production are rising – but are nowhere near where they would be if things were normal. Growth remains fettered by the ongoing virus hurdles.  Read More

06.17.20- Wall Street Greed Will Make This Asset Skyrocket
Teeka Tiwari

For years, I’ve been telling my readers there’s a new narrative emerging on Wall Street.

This story is still being written… and it won’t be finished overnight. But it’s unfolding in front of your very eyes.

Back in January 2019, I said it would be the year of Wall Street greed. This was right on the heels of the brutal 2018 Crypto Winter.

Here’s what I wrote back then…

2017 was the year of individual greed. That year, we saw a massive bull market driven almost entirely by individuals. It wasn’t possible for most institutions to get into the crypto market then.

Then, 2018 was the year of individual fear… We saw the markets pull back in a big way. And that leads me to my crypto theme of 2019… It will be the year of institutional greed. Read More

06.16.20- NPR: “Mounting Evidence” Suggests COVID Not As Deadly as Thought. Did the Experts Fail Again?
Stephanie Landsman

The 'experts' may have subjected us to a blunder greater than any since the Iraq War.

In April 2005, Charles Duelfer, the CIA’s top weapons inspector in Iraq, admitted in the CIA’s final report that after an extensive search, no weapons of mass destruction could be found.

“After more than 18 months, the WMD investigation and debriefing of the WMD-related detainees has been exhausted,” wrote Duelfer, the leader of the Iraq Survey Group. “As matters now stand, the WMD investigation has gone as far as feasible.”

Today it’s accepted that the presence of WMD was the primary basis for the Iraq War. Naturally, the absence of such weapons shook the world. The media blamed the politicians, the politicians blamed US intel, and the intelligence actors involved mostly defended their work. Read More

06.15.20- Second Amendment now ACTIVATED: Defend your history, your cities and your nation… Patriot groups plan July 4th “retake” of downtown Seattle
Mike Adams

The Second Amendment, America’s natural immune system against tyranny and terrorism, is now activated.

The rise of Black Lives Matter terrorism and their seizing of downtown Seattle through the use of violence, demands a law-and-order response. But the feckless Mayor of Seattle kowtows to the terrorists, and the Governor of Washington is a Soros-controlled left-wing puppet who relishes in the idea of America being destroyed.

The police have surrendered the territory, and the National Guard has been literally disarmed and ordered to stand down, even as left-wing rioters set fire to buildings and hurl chunks of concrete as deadly weapons, now injuring hundreds of law enforcement officers nationwide.

When the mayors and governors won’t do their jobs, and the police are ordered to stand down, and the National Guard is disarmed in order to appease a group of Black Lives Matter / Antifa terrorists who are burning America’s cities, the U.S. Constitution allows for one final defense against tyranny, violence and terrorism: The Second Amendment. Read More

06.13.20- We Don't Need No Stinking Vaccine For COVID-19
Tyler Durden

A Glaring Omission

With the 24/7 media circus coverage of Covid-19 I find it particularly interesting that there is an obvious glaring omission of some extremely important facts relative to dealing with a virus, especially one that is allegedly so virulent like this one. Yes, I read all about the critical need to shelter in place, stay inside away from other people, wash your hands constantly, avoid touching your eyes, nose or mouth, wear your face mask and by all means observe social distancing if you MUST venture outside for food!

Then it’s repeated ad infinitum that the ONLY hope we have of ever returning to a semblance of normalcy is to have a vaccine to protect us! Then to add some drama to this narrative the media highlights their death-o-meter scoreboard with the implied threat that you’ll be next IF you don’t obey the rules as dictated by the “experts”. Read More

06.12.20- Unstoppable: The Greatest Depression and
the Reverse Wealth Effect

Charles Hugh Smith

We are entering The Greatest Depression because there is no exit.

I'll try to summarize all this as simply as possible:

1. The global economy's cost structure has been fatally distorted by central bank policies of inflating asset bubbles and reducing interest rates to near-zero.

2. Earnings from labor have stagnated or eroded since the era of globalization / financialization took off around 2000.

3. Everything costs too much, i.e. is no longer affordable from earnings alone, so the only way to maintain the current costly lifestyle is to borrow money and use it to pay current expenses. This is true for every sector: household, corporate and government.

4. As a result, everyone now needs every dollar of income just to pay their expenses, including interest and principal on their rising debts. There is no slack (buffers) in the system at all.

5. This can be visualized as a row of dominoes. Once the first domino falls, every domino will be toppled. Read More

06.11.20- Rent Strikes, the Erosion of Property Rights,
and What Comes Next

Doug Casey

International Man: In recent months, “rent strikes” have emerged in many cities. There has also been an increasing number of politicians suggesting they’ll pass laws to force landlords to “cancel rent.”

What is your take on this?

Doug Casey: Property rights are basic to human rights. In fact, it doesn’t make any sense to talk about human rights unless you talk about property rights.

Your primary form of property is your own body. But things outside of your body are equally as important. You can’t survive without possessions, things that belong to you alone, and that you are responsible for. “Rent strikers”—who are philosophically aligned with socialists, communists, Antifa, Black Lives Matter, and similar groups— don’t see it that way, however. They believe their problems are your problems. They’re completely irresponsible. Read More

06.10.20- May 2020 Jobs Report Highlights Disconnect Between Wall Street, Main Street
Bill Bonner

Week 13 of the Quarantine

SAN MARTIN, ARGENTINA – It was like waking up from a bad dream. As if the last 90 days had never happened…

…No COVID-19… no lockdown… no 20 million job losses… no market crash… no $3 trillion in new money-printing… no $4 trillion budget deficit…

…and no president retreating to an underground bunker… and then fortifying the White House like the U.S. Embassy in Baghdad…

Whew! For a while there, we thought the Indians had us surrounded here at the Little Bighorn.

But on Friday, we opened our eyes… and thank God, the nightmare had come to an end…Read More

06.09.20- Just Like That, Gun Control Support and COVID-19
Died This Week

Clarice Feldman

After watching hundreds (including Michigan Governor Whitmer and other political figures who placed the rest of us in lockdowns) marching, screaming shouting -- without social distancing and often without masks -- it’s going to be hard to persuade us that even normal social contact will infect us and those around us with COVID-19. After watching the police hamstrung by these same politicians as their cities were looted and burned and they and civilians were severely injured and killed, gun sales are soaring. Without law and order it’s each man for himself. With our biggest cities boarded up and devastated, flight out to red states, where people understand that without respect for law life is too brutal to endure, will snowball.

1. The Purported Trigger: The Death of George Floyd

George Floyd was arrested in Minneapolis for passing a counterfeit bill. He was a big man with a record of assaults and drug use. A video of his arrest shows he was handcuffed and seems to have resisted being placed in the squad car. We see him being pinned down on the ground by Officer Chauvin’s knee. He seems to be wrestling about on the ground and talking. Soon after he stops moving an emergency medical van appears and he is removed from the scene. He was reportedly dead by the time they arrived. At least one report says the officers called for medical assistance early in the arrest when Floyd said he couldn’t breathe. Is the video the best evidence of what occurred? No. The best evidence is the footage taken from the body cams worn by the four officers on the scene; evidence Minneapolis authorities have failed to disclose. If your impression from the video or Dr. Baden’s interview (the examiner hired by the Floyd family) is that Floyd was asphyxiated, the only forensic evidence shows that he was not. The medical examiner, who was the only person to have conducted an autopsy, indicates Floyd was not asphyxiated. Here are the key findings in his report. Read More

06.08.20- The Systemic Collapse Of The US Society Has Begun
The Saker

I have lived in the United States for a total of 24 years and I have witnessed many crises over this long period, butwhat is taking place today is truly unique and much more serious than any previous crisis I can recall.

And to explain my point, I would like to begin by saying what I believe the riots we are seeing taking place in hundreds of US cities are not about. They are not about:

    1. Racism or “White privilege”

    2. Police violence

    3. Social alienation and despair

    4. Poverty

    5. Trump

    6. The liberals pouring fuel on social fires

    7. The infighting of the US elites/deep state

They are not about any of these. They encompass all of these issues, and more. Read More

06.06.20- Crime Is Crime
Robert Gore

You can fool most of the people most of the time, but you can’t fool reality any of the time.

The reigning chaos reflects perfectly what passes for thought in millions of minds. Minds that have been taught that reality is whatever one believes it to be. That reason is a superstition and is inferior to random feelings and emotions. That observation, hypotheses, experimentation, discovery, and science itself are akin to voodoo rituals. That consumption precedes production and is morally superior to it. That anyone’s work, income and wealth are subject to anyone else’s proclaimed need. That actions have no consequences.

Rioters and looters are faithfully adhering to the distilled essence of what our rulers and intellectual have been telling them for decades: If you need it, or just want it, it’s yours to have or destroy. They are simply eliminating the government middleman. The only surprise is that it didn’t happen long ago. Read More

06.05.20- My Stream of Consciousness Thoughts
About What’s Going On
Ray Dalio

With racial prejudice, protests and riots arising from the murder of George Floyd, and attempts to maintain law and order grabbing headlines, I was asked, and feel a compelling need, to share my thoughts about what’s going on. So I will do that. However, at this time there are too many thoughts running through my mind for me to express adequately, so I beg your indulgence as I share them with you in a stream of consciousness way.

Re: Racial Prejudice, Protests, Riots, and Attempts to Maintain Law and Order

As for the issues of racial prejudices, protests, riots, and attempts to maintain law and order, while I can empathize, I haven’t walked in the shoes of those who are most deeply affected by what’s going on—e.g., I can’t know and feel what it’s like to be Black in America today, to be a policeman on the front lines, to be a leader determining what should be done to deal with this situation, etc., so I encourage you to seek out those who have those perspectives. All I can tell you is what I think from the perspective I have. Read More

06.04.20- Fiddling While America Burns
Donald Jeffries

Thus far, 2020 has been a sci-fi dystopian nightmare. Six months ago, how many people would have believed the images of human beings wearing masks everywhere, while carefully keeping six feet apart from each other? Who could have imagined something like “social distancing?”

But within the last week, the COVID-19 production has been replaced by nationwide riots, ignited by white Minneapolis police officer Derek Chauvin grinding his knee into the neck of an alleged forger, George Floyd, long enough to kill him. Lloyd was Black, so the state-controlled media jumped on the story like a rabid animal.

The media and sycophantic politicians were quick to drum home the point that “institutional racism” was at fault. In conjunction with Donald Trump, of course, who does nothing much more than Tweet continuously, but is blamed for everything by these Social Justice Warriors. While videos have shown a fairly diverse group of protesters, Blacks are clearly the predominant group, and the prolific graffiti desecrating the likes of the Lincoln Memorial all share the “Black Lives Matter” and/or “Evil White Racists” theme. Read More

06.03.20- That Change You Requested…?
James Howard Kunstler

All the previous incidents of white cops killing blacks were just too ambiguous to seal the deal. Michael Brown in Ferguson, Missouri (a murky business); Tamir Rice in Cleveland (waving the BB gun that looked like a .45 automatic); Trayvon Martin (his killer George Zimmerman was not a cop and was not “white”); Eric Garner, Staten Island (black policewoman sergeant on the scene didn’t stop it); Philandro Castile, Minneapolis, (the cop was Hispanic and the vic had a gun). Even the recent February killing of jogger Ahmaud Arbery in Brunswick, Georgia, had some sketchy elements (did Arbery try to seize the shotgun?) — YouTube has scrubbed the video (?) — and then it took months for the two white suspects (not cops) to be arrested.

The George Floyd killing had none of those weaknesses. Plus, the video presented a pretty much universal image of oppression: a man with his knee on another man’s neck. Didn’t that say it all?  You didn’t need a Bob Dylan song to explain it. The Minneapolis police dithered for four days before charging policeman Derek Chauvin with Murder 3 (unpremeditated, but with reckless disregard for human life). The three other cops on the scene who stupidly stood by doing nothing have yet to be charged. Cut it, print it, and cue the mobs. Read More

06.02.20- Do Conservatives Really Believe that
an Unconstitutional Law Is No Law?

Laurence M. Vance

I see that all manner of conservatives are saying in response to the draconian lockdowns across the country that an unconstitutional law is no law. They are praising district attorneys, sheriffs, and local police for saying that they won’t enforce the decrees of state governors. Some conservatives are advocating rebellion and civil disobedience. Their focus, of course, is mainly on states with Democratic governors. But it is typical of conservatives not to criticize Republicans too much.

But do conservatives really believe that an unconstitutional law is no law? Do they really believe that district attorneys, sheriffs, and local police should not enforce unconstitutional laws?

Of course they don’t. Read More

06.01.20- Ecuadorian President: World Leaders Asvised to Take Hydroxychloroquine
Joseph P. Farrell

I know, I know, we’re all tired of hearing about the story no one wants to talk about. We’re tired of the social engineering of the manipulated memes of “wear a mask” and “social distancing,” and of dirty doctors connected to the Baal and Malicious Gates Foundation trying to set policy for how, when, and under what circumstances churches may open and worship. I have a couple of words for said people: anathema fiat (and I mean that). And while it appears that all this Fauci-Lieber-Wuhan-Baal Gates virus narrative hysteria is running out of steam, and that “they” have cued up a new crisis de jour with the rioting, a little story stole in under the radar. Fortunately, the regular readers of this website who send me articles, spotted it and passed it along. In this case, it was L.G.R. and the article has me wondering all sorts of stuff.

It seems that in addition to President Trump, Ecuador’s President Nayib Bukele has also been taking hydroxychloroquine. It’s why he’s been taking it that has my suspicion meter into the red zone: Read More

05.30.20- Who’ll Stop the Rain?
Gary Christenson

From John Fogerty:

“Long as I remember,

The rain been comin’ down,

Clouds of mystery pourin’

Confusion on the ground.

Good men through the ages

Tryin’ to find the sun.

And I wonder,

Still I wonder

Who’ll stop the rain.”

The Rain that’s coming down… not gonna stop…

We’re not talking about liquid water that condenses from clouds and nourishes plants. Read More

05.29.20- 70% Depopulation Of The U.S. Predicted By 2025
Bill Sardi

Many people are asking, what is the endgame of this contrived coronavirus epidemic?  What is government attempting to accomplish?  Complete control of individuals? Total destruction of private enterprise? Abolishment of Constitution protections? Foment racial discord?  Outlaw guns?  Demolish religion?  Sweep the President from office?  Cull the world’s human population?  Yes, all of those are likely objectives.  And to realize how fragile our freedoms are, this was all done in a period of one week.  And a fearful population fully cooperated, voluntarily at first, and eventually by mandate.  Now, can America ever get fearful workers to come out of hibernation and go back to work?

I don’t have access as an insider to any more information than others.  I’m piecing together information as you are, like parts of a puzzle.  We may be misled by fear mongers who want us all to come to the wrong conclusions that are emotional unsettling in order to spread fear amongst the human family.  This is what I have come to understand is going on.  Some is fact, some is guesswork based on facts. Read More

05.28.20- Where Did My World Go?
Paul Craig Roberts

Change Is Not Always Progress

I remember when there was no tamper-proof and child-proof packaging.  That was before multiculturalism and Identity Politics when we could still trust one another and parents accepted responsibility for their children without fobbing it off on a company with a liability claim.  

I remember also when there were no state income and sales taxes.  States were able to meet their responsibilities without them.

A postage stamp cost one cent. A middle class house was $11,000 and an upper middle class house went fot $20,000.  One million dollars was a large fortune. There were no billionaires.

The air museum on the naval base in Pensacola, Florida, has a street reconstructed from the 1940s. The restaurant’s memu offers a complete evening meal for 69 cents. Read More

05.27.20- COVID Vaccine: What Else Could They Put in the Shot?
Jon Rappoport

There has never been a greater opportunity to deploy one vaccine against so many people. So it’s certainly not out of line to consider a “dual use.”

I have already covered the devastating effects of experimental RNA/DNA vaccine technologies—both of which could be launched with a COVID vaccine. Putting that aside for the moment, could the vaccine serve another purpose?

In this article, I raise questions. Questions about the potential covert use of nanotechnology in the COVID vaccine.

From lexico.com: nanotechnology: “The branch of technology that deals with dimensions and tolerances of less than 100 nanometers, especially the manipulation of individual atoms and molecules.” Read More

05.26.20- Study: Social Isolation Increases Risk Of Death From All Causes
Mark Nestmann

Social isolation is a word on the tip of everyone’s tongues these days. Staying away from others during this pandemic is keeping us safe, but a new study finds that prolonged social isolation is also quite dangerous.

Researchers warn that socially isolated people are over 40% more likely to suffer a heart attack, stroke, or other major cardiovascular event.

Moreover, the socially isolated are nearly 50% more likely to die from any cause.

There was also an observed relationship between lack of financial support and increased cardiovascular risk. Read More

05.25.20- Moderna and the COVID Vaccine: What Kind of Lunacy?
Jon Rappoport

“It’s completely correct to say that NIAID will reap a profit on the Moderna/NIAID vaccine. There are 6 NIAID scientists who work for Dr. Fauci, each of whom would get $150,000/year indefinitely as their reward. So that’s $900,000 to his subordinates every year in perpetuity.” Mary Holland, General Counsel, Children’s Health Defense

Would you buy a used car from the company called Moderna?

The US government has shelled out $500 million to this Massachusetts-based biotech firm for a COVID vaccine.

Based on what? Read More

05.23.20- The Path To Monetary Collapse
Alasdair Macleod

Few mainstream commentators understand the seriousness of the economic and monetary situation, ranging from a V-shaped rapid return to normality towards a more prolonged recovery phase.

The fact that a liquidity crisis developed in US money markets five months before the virus hit America has been forgotten. Only a rising gold price stands testament to a deeper crisis, comprised of contracting bank credit while central banks are trying to rescue the economy, fund government deficits and keep the market bubble inflated.

The next problem is a crisis in the banks, wholly unexpected by investors and depositors. At a time when lending risk is soaring off the charts, their financial condition is more fragile than before the Lehman crisis. Failures in European G-SIBs in the next month or two are almost impossible to avoid, leading to a full-blown monetary and credit crisis which promises to undermine asset values, government financing and fiat currencies themselves.

We can now discern the path leading to the destruction of fiat currencies and take reasonably guesses as to timing. Read More

05.22.20- Social Security Has a Big COLA Problem (Oh, And It May Be Insolvent in 9 Years)
Peter Reagan

Back in February, we reported that next year’s Cost of Living Adjustment (COLA) from Social Security may get “infected” by coronavirus, thanks mainly to inflation.

We suggested the COLA would not be enough to cover increased prices. And it appears that’s been accurate so far this year, as food inflation almost doubled from March to April, increasing from 1.9% to 3.5%.

That level of inflation hits the pocketbook hard, especially since millions of Americans are still homebound, thanks to government-imposed “stay at home” regulations.

But the “new” potential problem for the 2021 COLA is this: It appears there might not be one at all. This is thanks in part to a 17% drop in energy inflation, which might seem good, but the devil is in the details. According to Motley Fool:  Read More

05.21.20- Did the Lockdown Save Lives?
Jeffrey A. Tucker

For two to three months, Americans have suffered the loss of liberty, security, and prosperity in the name of virus control. The psychological impact has been beyond description. We thought we could count on basic rights and freedoms. Then over a few days in March, it all ended in ways hardly anyone could believe possible. 

The manner in which governments dealt with foundational principles of modernity has been shocking. They put half the country under house arrest and managed every movement in disregard for the Bill of Rights and all legal precedent, to say nothing of the Constitution. It felt like a coercive unraveling of civilization itself. It’s like we are all waking up from a bad dream only to look around and see the wreckage that proves it was all real.

So how can we deal with this terror that befell us? One way is to figure out some aspect in which our sacrifice has been worth it, maybe not on net given the consequences, but surely some good has come out of this. If my email and feeds are correct, this is how many people have been justifying this. The psychology here is rooted in the sunk-cost fallacy: when you commit resources to something, even when it is a proven error, you tend to find justifications by doubling down rather than just admitting the mistake. Read More

05.20.20- “Free Money”: Most Americans Want The Government To Issue More Stimulus Checks
Michael Snyder

“When the people find that they can vote themselves money that will herald the end of the republic.”  That is a direct quote from Benjamin Franklin, and it has turned out to be quite prophetic.  Today, most of our politicians are socialists whether they accept that label or not, and the American people have come to expect the government “to do something for them” whenever any sort of a crisis comes along.  In response to this COVID-19 pandemic, Congress has borrowed and spent trillions more dollars that we do not have, and most Americans have been quite thrilled to receive their “stimulus checks”.  But of course now a lot of people are insisting that those checks were not enough and they want more.  In fact, one new survey just found that most Americans want the checks to keep coming.  The idea of “free money” is so seductive, but unfortunately most of the population simply does not understand that eventually there is a great price to be paid for throwing “free money” around. Read More

05.19.20- Beware The CoronaNazis
Bill Blain

We learn and adapt quickly. 

Business and markets are arbitraging government support packages and central bank QE Infinity to stay “insanely high” despite the massive economic hit of the virus. If the proverbial Martian visited the stock market today, he’d struggle to understand just why markets are so high when prospects look so low.

At which point we come back to earth with a bump. The papers this morning are full of doom and gloom – particularly re the UK. My email is full of analyst gibberish about why I should be buying Bitcoin, Tesla and other crap. I shall ignore them all, and focus on the real picture

Even if the global economy was to magically reopen tomorrow, we’d still see earnings for 2020 massively impacted, reduced credit worthiness as companies leveraged themselves with more debt to see them through the crisis, and an increasingly protectionist trade uncurrent.  Read More

05.18.20- Police State Dry Run a Huge Success
Carol Brown

When the coronavirus landed on our shores, communist China came with it. 

We have become part of a mass scale human experiment in government control and it turned out that stripping away our freedom wasn’t all that difficult. Under the guise of concern for our health and well-being, tyrants came out of the woodwork.  Our Constitution, our Bill of Rights, and our lives are being destroyed as the left solidifies and expands their oppressive powers. We’ve been herded around like cattle, threatened, isolated, confined, silenced, and arrested. You name it, it’s happening. 

You tell me if what follows sounds like the United States, or China.

We’ve been told who can work and who can’t, with language that separates us according to who is and who isn’t “essential” as the almighty State supersedes individual rights and the family unit. Read More

05.16.20- Tasting the Forbidden Fruit of Free Money
MN Gordon

Has anyone given credit to the coronavirus for exposing the general folly of our time?  We’ve yet to find mention of it.  Not even on the web.  Here we shall do our part to give proper credit where credit is due.

Numerous stimulus proposals are currently being cooked up in Congress.  In an election year, with unemployment going vertical, now’s the time to cash in on populist sentiments.  The three leading bills, for example, are the Automatic Boost to Communities (ABC) Act, the Emergency Money for the People Act, and the Monthly Economic Crisis Support Act.

With names like that, what’s not to like?  The main ingredient for each proposal is a $2,000 monthly stimulus check.  The variance between the three is in duration and eligibility.  Read More

05.15.20- The U.S. Is Caught In An Economic Death Spiral, And One Group Is Being Hit Particularly Hard…
Michael Snyder

Many have been warning for years that our economic bubble would eventually burst and that a collapse was inevitably coming, but the ferocity of this new economic crisis has caught just about everyone off guard.  And even though some states have been attempting to “reopen” their economies in recent days, the job loss tsunami just continues to roll on.  Prior to this year, the all-time record for the most new unemployment claims in a single week was 695,000.  That record was set all the way back in 1982, and it had survived all the way until 2020.  But now we have been absolutely dwarfing that number week after week.  On Thursday, we learned that another 2.9 million Americans filed initial claims for unemployment benefits last week, and that brings the grand total for this pandemic to more than 36 million… Read More

05.14.20- Fourth Turning Accelerating Towards Climax
Jim Quinn

“At some point, America’s short-term Crisis psychology will catch up to the long-term post-Unraveling fundamentals. This might result in a Great Devaluation, a severe drop in the market price of most financial and real assets. This devaluation could be a short but horrific panic, a free-falling price in a market with no buyers. Or it could be a series of downward ratchets linked to political events that sequentially knock the supports out from under the residual popular trust in the system. As assets devalue, trust will further disintegrate, which will cause assets to devalue further, and so on. Every slide in asset prices, employment, and production will give every generation cause to grow more alarmed.” – Strauss & Howe – The Fourth Turning

I’ve been writing articles about the Fourth Turning for over a decade and nothing has happened since its tumultuous onset in 2008, with the global financial collapse, created by the Federal Reserve and their Wall Street co-conspirator owners, that has not followed along the path described by Strauss and Howe in their 1997 book – The Fourth Turning. Read More

05.13.20- 'Social Distancing' Is Snake Oil, Not Science
William Sullivan

Governor Andrew Cuomo of New York says that it’s “shocking” to discover that 66 percent of new hospitalizations appear to have been among people “largely sheltering at home.” 

“We thought maybe they were taking public transportation,” he said, “but actually no, because these people were literally at home.”

“Much of this comes down to what you do to protect yourself,” he continues.  “Everything closed down, government has done everything it could, society has done everything it could.”

It’s your fault, he says to the hospitalized New Yorkers who loyally complied with his government directive.  But here’s an interesting alternative theory as to why, mostly, old people who are staying at home are being hospitalized. Read More

05.12.20- Market Insights From May 2021: Remembering The End Of The Beginning Of The End
Bill Blain

“Sell in May – oh don’t bother – you are already away…” 

It’s just over a year since 20mm Americans lost their jobs in a single month and United Airline’s failed $2 bln bond issue in the first week of May 2020 became the unstable pebble that triggered the most devastating landslide in financial market history. 

All around the globe, bond investors woke up to their doubts on just how much government QE programmes, miniscule yields, and the value of their collateral of unproductive obsolete economic assets could be. Equity holders caught the whiff of panic – figuring out rising P/E’s in a crashing global economy meant nothing – even if central banks were promising to intervene. Sovereign debt buyers went on immediate strike, citing concerns on debasement, inflation, and the implausible promises being made. 

The result was the most precipitous tumble in history – everyone tried to exit the markets and discovered the truth: “there are many ways to buy, but only one exit marked sell.”  Read More

05.11.20- Former JPMorgan Economist:
We Are Heading Towards A Weimar Republic Inflation Setup

Tyler Durdwn

The everything bubble

Readers will have anticipated the bursting of the bubble that has been re-inflating ever since 2009. Ultra-loose monetary policy, coupled with deflationary pressures from increased aggregate supply and investors chasing yield at ever higher risk, meant that almost all asset classes had reached all time highs just before entering the current bear market.

That there is a bubble, a massive one, is unquestionable. Readers will further have anticipated that it didn't have to be a global pandemic to burst this bubble. This bubble was practically looking for a prick - any prick - to burst it. Whether it was a credit event, liquidity shortages that led to bankruptcies, a terrorist attack, a natural disaster or a bat: markets had reached a level of fragility where they could not cope with the materialising of such a tail risk event. Read More

05.09.20- Time To Learn About Money
Alasdair Macleod

An unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have yet to discount the possibility of such an outcome, but in the coming months they are likely to awaken to this danger.

The question arises as to what will replace fiat currencies. In the past the answer has always been gold but today there are cryptocurrencies as well, whose enthusiasts are more aware than most of fiat money’s failings.

This article describes the basics about money, what it is and the role it plays in order to understand what will be required by the eventual replacement for fiat. It concludes that gold will return as the world’s medium of exchange, and secure cryptocurrencies, unable to provide the scalability and stability of value required of a medium of exchange will be priced in gold after the demise of fiat. But then the rationale for them will be gone, and with it their function as a store of value. Read More

05.08.20- Beware of the Bear. He is Soon Back.
Egon Von Greyerz

As the world economy is about to implode, very few investors realise what will hit them. The dip buyers of stocks don’t understand that it really is different this time as the world is now facing the biggest destruction of wealth in history. Stocks, bonds, and property are likely to decline by at least 95% in real terms in the next few years. With both sovereign and private defaults, many bonds will go to zero and interest rates to infinity.

We are not just talking about the US and Europe but the whole world, including China, Japan, and emerging markets. This will clearly involve a very unpleasant and disorderly reset leading to great suffering. But there is no other way of solving a gigantic debt problem caused by central banks. What these central banks are now doing is obviously a travesty. A debt problem of the proportions the world is facing can never be solved by  issuing more debt which is the fallacious solution central banks around the world are again embarking on. Read More

05.07.20- The Great Myth of “Small Government”
Brian Maher

“At this point,” says a New York Times editorial column, “even many Republicans acknowledge that the era of small government is over.”

We have no doubt they do. But how can an era end… if it never began?

No Republican in current practice has lived one day in an era of small government.

To visit one he must first climb into a time contraption…

He must then dial the knobs past the Great Recession, past the Patriot Act and the war on terrorism, past the ballooning deficits of the 1980s, past the guns and butter of the 1960s, past the New Deal, past WWI… to perhaps 1900. Read More

05.06.20- Bubble-Wrapped Americans: How the U.S. Became Obsessed with Physical and Emotional Safety
Sam Jacobs

“In America we say if anyone gets hurt, we will ban it for everyone everywhere for all time. And before we know it, everything is banned.”

 Professor Jonathan Haidt

It’s a common refrain: We have bubble-wrapped the world. Americans in particular are obsessed with “safety.” The simplest way to get any law passed in America, be it a zoning law or a sweeping reform of the intelligence community, is to invoke a simple sentence: “A kid might get hurt.”

Almost no one is opposed to reasonable efforts at making the world a safer place. But the operating word here is “reasonable.” Banning lawn darts, for example, rather than just telling people that they can be dangerous when used by unsupervised children, is a perfect example of a craving for safety gone too far. Read More

05.05.20- Millennials Are Creating Massive Demand for Crypto
Teeka Tiwari

On January 5, the World Health Organization reported that Wuhan, China, was seeing a “cluster of pneumonia cases of unknown cause.”

A week later, COVID-19 claimed its first reported death.

Today, there are more than 3.5 million global cases and over 248,000 deaths. In the United States alone, more than 1 million have been infected and over 67,000 have died during the pandemic.

The global economic collapse caused by the coronavirus is the biggest since the Great Depression.

And it’s been nearly impossible to talk about anything – markets, business, politics – without the coronavirus as a backdrop.

But there’s one area the pandemic isn’t directly affecting: crypto. Read More

05.04.20- Why Sweden Has Already Won The Debate On COVID-19 "Lockdown" Policy
Patrick Henningson

As Europe and North America continue suffering their steady economic and social decline as a direct result of imposing "lockdown" on their populations, other countries have taken a different approach to dealing with the coronavirus threat. You wouldn’t know it by listening to western politicians or mainstream media stenographers, there are also non-lockdown countries. They are led by Sweden, Iceland, Belarus, Japan, South Korea and Taiwan. Surprisingly to some, their results have been as good or better than the lockdown countries, but without having to endure the socio-economic chaos we are now witnessing across the world. For this reason alone, Sweden and others like them, have already won the policy debate, as well as the scientific one too.

Unlike much of the rest of the world who saw fit to unquestioningly follow China’s lead on everything from quarantining, to economic shutdowns, to contact tracing, and PCR mass testing, nonlockdown countries have instead opted for a somewhat lighter touch – preserving their economies and societies, and in doing so avoiding an endless daisy chain of new problems and obstacles deriving directly from the imposition of brutal lockdown policy. Read More

05.02.20- War on Cash Kicking Into Overdrive
Jim Rickards

In the depths of the 2008–09 financial crisis, Obama’s first chief of staff, Rahm Emanuel, remarked that one should never let a good crisis go to waste. You probably recall him saying that.

He was referring to the fact that crises may be temporary but hidden agendas are permanent.

The global elites and deep state actors always have a laundry list of programs and regulations they can’t wait to put into practice. They know that most of these are deeply unpopular and they could never get away with putting them into practice during ordinary times.

Yet when a crisis hits, citizens are desperate for fast action and quick solutions. The elites bring forward their rescue packages but then use these as Trojan horses to sneak their wish list inside.Read More

 

05.01.20- About One-Fifth Of All The Jobs In The U.S. Are Already Gone, And This Economic Depression Is Just 6 Weeks Old
Michael Snyder

In all of U.S. history we have never seen anything like this.  I have been sitting at my desk for quite a while searching for the proper words to convey the gravity of what we are facing, and to be honest it has been quite a struggle.  On Thursday, we learned that another 3.8 million Americans filed initial claims for unemployment benefits last week.  That was much higher than many experts were anticipating, because by now the initial surge of unemployment caused by the coronavirus lockdowns should have started to fade quite a bit.  But instead, the job loss tsunami continues to roll on, and at this point a total of 30.3 million Americans have filed new claims for unemployment benefits over the past six weeks.  The following comes from ABC News

Roughly 30.3 million people have now filed for jobless aid in the six weeks since the coronavirus outbreak began forcing millions of employers to close their doors and slash their workforces. That is more people than live in the New York and Chicago metropolitan areas combined, and it’s by far the worst string of layoffs on record. Read More

04.30.20- What happens when you
cancel rent, mortgages, and debt?

Joe Jarvis

In Ancient Greece around 600 BC the commoners had fallen into heavy debt.

First they mortgaged their land, and delivered the majority of their crops to the lender.

But after a bad harvest, the farmers needed to borrow more in order to afford another planting. 

With nothing left they used their freedom, and the freedom of their family as collateral.

Many were sold into debt slavery after defaulting on this second loan. Read More

04.29.20- We Are Fighting a Public Health Crisis, Not a War
Bill Bonner

SAN MARTIN, ARGENTINA – “The last flight out” was how it was described in the email.

The U.S. embassy in Buenos Aires notified us yesterday that it had organized a flight to Miami. It is scheduled to leave tomorrow.

But why the “last flight?” we wondered. Then we got the news.

Reuters:

Argentina has banned until September ticket sales for commercial flights, according to a decree published on Monday, in a new measure the government said is part of its coronavirus response.

While the country’s borders have been closed since March, the new decree goes a step further in preventing until September 1 the sale and purchasing of commercial flights to, from, or within Argentina. Read More

04.28.20- Are You Ready For The Great Depression Of The 2020s?
Michael Snyder

For those of you that were expecting just a “deep recession”, I am afraid that you are going to be very disappointed.  It took years for the U.S. economy to fully unravel in the 1930s, but now we have witnessed a similar level of economic devastation in just a matter of weeks.  More than 26 million Americans have already lost their jobs, economic activity has come to a standstill, people are lining up for miles at food banks all over the nation, and businesses are being permanently shuttered at a staggering pace.  But the good news is that some states will attempt to “reopen” their economies in the weeks ahead.  In most instances, there will be several stages before all of the restrictions are finally lifted, and that means that economic suffering will be stretched out for an extended period of time.  And of course if cases and deaths start spiking again we could see another wave of strict lockdowns all over the country, and needless to say that would greatly escalate this economic downturn. Read More

04.27.20- Moving Out and Not Coming Back
Jim Geraghty

On the menu today: The possibility of another wave of Americans moving out of the big cities, the likelihood of some future pandemic further down the road, and how the Red America–Blue America divide is likely to be altered when we emerge from this crisis.

The Coming De-Urbanization of America

Yesterday on my work Facebook page, a reader asked, “Why is it that the places Covid-19 show up the most are in Democrat controlled areas?” As much as I’d like to believe that all the troubles in the world can eventually be traced back to Bill de Blasio, I responded, “Probably because ‘the places it shows up the most’ are large densely-packed cities with a lot of international and domestic air travel and high use of mass transit, where Democrats have been winning elections more than Republicans for at least a generation and in many cases several generations.” Read More

04.25.20- On Quarantines and Trees, Pencils, Technology,
Art and Music

Doug “Uncola” Lynn

Due to some sustained winds, I had a large limb of a sizable ash tree blown down. And, in consideration of the Emerald Ash Borer, which is sort of the COVID-19 of ash trees complete with its own federal quarantine regulations, I decided not to save the tree.  Instead, I chose to cut it down in 18-inch chunks, stack it, and let it season in the round.  Then, as needed, I’ll split it and restack it prior to its ultimate delivery into my high-efficiency wood burner on some crisp winter day.

Although I am sad to lose the tree I find myself grateful for technology, and capitalism, when undertaking such tasks.  These gratitudes cross my mind when disassembling the saw and using an air compressor or vacuum to clean the components. Or as I’m sharpening the chain and oiling things up for storage, I’ll think of those who designed and built the machines; creations that are, truly, three-dimensional manifestations of intelligence, logic, and love.

I’ll wonder how many people have benefited from such inspirations.  I’ll think of Adam Smith’s “Invisible Hand” and the “rising tide of capitalism”lifting all “boats”; and the “I Pencil” essay… those beautiful words written by Leonard Read. He was a libertarian peer of Austrian School of Economicsluminaries like Ludwig von Mises and Murray Rothbard. He was an author who founded the Foundation for Economic Education; and he had the surname of Read. The irony. Read More

04.24.20- Narrative Insanity
Karl Denninger

Oh really, now you figure it out?

You needed a study to go through the NY daily Covid death report and figure out that if you didn't have one of the underlying conditions they specifically listed your risk of being killed by this bug was roughly equal to your all-cause mortality -- that is, of no particular concern at all?

Or do you need a study to know that anywhere from a quarter to a half or more of the mortality from this bug came from nursing home patients, when in fact the first big "oh oh" was in a nursing home in Washington State?

Or are you going to continue to tell me that this virus is racist because if you're FAT as a consequence of your personal choices and thus wind up diabetic and hypertensive, and rather than deal with the underlying issue -- what you put in the piehole and how much -- you instead whine to a doctor and pop a pill in a puerile attempt to deny the truth while screaming "discrimination" and shame anyone who points out that you're killing yourself that when a virus, which doesn't give one wet crap about your SJW screamfest comes along and kills you that it was "someone else's" fault? Read More

04.23.20- How Could This Possibly Happen?
Brian Maher

We exist in a time of “firsts”…

A microbe shutters the global economy for the first occasion in history… the stock market careens from bull market to bear market in record time… never have so many millions filed for unemployment in so short a stretch…

And now a barrel of oil fetches less than zero.

That is, oil producers must pay a fellow to lift this barrel off his hands.

This was the sudden reality we confronted yesterday.

Can you conceive it?

The lubricating grease of the world’s economy — oil — you must hand away at a loss. Read More

04.22.20- Human Lab Rats: The U.S. Government’s Secret History of Grisly Experiments
John W. Whitehead

“They were monsters with human faces, in crisp uniforms, marching in lockstep, so banal you don't recognize them for what they are until it's too late.” — Ransom Riggs, Miss Peregrine's Home for Peculiar Children

I have never known any government to put the best interests of its people first, and this COVID-19 pandemic is no exception.

Now this isn’t intended to be a debate over whether COVID-19 is a legitimate health crisis or a manufactured threat. Such crises can—and are—manipulated by governments in order to expand their powers. As such, it is possible for the virus to be both a genuine menace to public health and a menace to freedom.

Yet we can’t afford to overlook the fact that governments the world over, including the U.S. government, have unleashed untold horrors upon the world in the name of global conquest, the acquisition of greater wealth, scientific experimentation, and technological advances, all packaged in the guise of the greater good. Read More

04.21.20- End Occupational Licensure
Walter E. Block, Ph.D.

In the bad old medieval days there were masters, journeymen and apprentices. This guild system controlled many occupations. If you wanted to enter any of them you had to be approved of by the powers that were.

The same sort of thing took place in bad old India under British rule. There was that scene in the movie “Gandhi” in which numerous of his followers were brutalized as they approached the sea. What was that all about?  The colonial powers had reserved salt-making for the crown. Gandhi did not quite buy into this prohibition. His supporters were attempting to violate this stricture and were subjected to ruthless beatings to quell their protest.

In the good old (well, new, modern) US of A we do not engage in such uncivilized practices? Surely not, you say? You are in grave error. Such feudalism is alive and well under present institutional arrangements.

You may not have noticed this, you Rip Van Winkles, but many African – Americans arrange their hair in intricate patterns.  (Some white people are now copying them, in a blatant act of cultural appropriation; the horror). Many hair braiders are young black girls. Read More

04.20.20- The Locked Down World
Donald Jeffries

Not much more than a month ago, the various countries of the world were meandering along, mired in corruption, poverty, injustice, unfairness, and all the other niceties of modern civilization. The gap between the rich and the poor was ever widening. Freedom was something America in particular boasted about.

But within the period of a just a few weeks last month, virtually the entire world went on lock down. No police were needed. No troops were needed. Not a single shot was fired. When the dust had settled, healthy people everywhere were being quarantined within their homes. Voluntarily. Businesses were forced to close. All events and activities- including professional sports- were cancelled. Untold numbers of businesses will never reopen. Millions will be thrown out of work. Read More

04.18.20- Investing Is Now Simple
Brian Maher

The raging pandemic has served one high and worthy purpose:

It has made obvious — to all with open eyes — that the stock market is a crook’s game, a vast swindle.

How else could the stock market regain so many of its initial pandemic losses… while 16 million Americans file unemployment claims… and second-quarter GDP may contract 40%?

The Federal Reserve has expanded its balance sheet some $1.6 trillion these past four weeks.

There is your answer.

All vestiges of fair and honest markets have gone whooshing down the chute. Read More

04.27.20- Is Nassim Taleb "The Only Man That Has A Clue"?
Raul Ilargi Meijer

Today, I’m going to try to show you how and why we know that in the case of a pandemic like the one we’re in, surrounded by doubts and uncertainties, there are still a series of measures that we can and, more importantly, must take. But also, how these measures are hardly ever taken, and if they are, not in the correct fashion. This has to date led us into a ton of preventable misery and death. If only we would listen. And there’s still more we can do to prevent more mayhem, there is at every step of the process.

It took me a while to get this together. But in the end I wound up with the only COVID19 analysis that makes sense. It doesn’t leave much room for discussion, at least not in the steps needed to be taken in order to tame the virus (I despise the war analogies everyone uses, taming sounds much better). How to fill in those steps once they have -kind of- been taken is another matter. Read More

04.16.20- Worst Recession in 150 Years
Jim Rickards

The stock market had another big day today, spurred by the Fed’s massive recent liquidity injections.

But you really shouldn’t be terribly surprised by the rally. Even the worst bear markets see substantial bouncebacks. And you can expect the market to give back all of its recent gains in the months ahead as the economic fallout of the lockdowns becomes apparent.

This bear market has a long way to run. And we could actually be looking at the worst recession in 150 years if one economist is correct. Let’s unpack this…

My regular readers know I have a low opinion of most academic economists, the ones you find at the Fed, the IMF and in mainstream financial media. Read More

04.15.20- Epidemiologist: Coronavirus Could Be “Exterminated” If Lockdowns Are Lifted (Video)
Mac Slavo

Finally, we have begun to hear solutions that don’t require the government to enslave the population and people to give up their basic human rights in order to fight COVID-19.  One epidemiologist has now said that if we want to “exterminate” the coronavirus, lockdowns will need to be lifted immediately.

Knut Wittkowski, previously the longtime head of the Department of Biostatistics, Epidemiology, and Research Design at the Rockefeller University in New York City, said in an interview with the Press and the Public Project that the coronavirus could be “exterminated” people were allowed to lead normal lives, free from the shackles of house arrest politicians have placed on them. We need to shelter only the most vulnerable parts of society until the danger had passed, not lockdown everyone. Read More

04.14.20- The Epocalypse is Different This Time,
Yet Much as Predicted

David Haggith

Four years after the following lead-in article to my Epocalypse series was written, it is coming true before your eyes. Some of it came true right after it was written. Most is happening now. You can see the events it describes overtaking us in all the ways it laid out, and you can go back to the original to verify I haven’t changed it.

The following article is verbatim from my original lead-in to the Epocalypse series I wrote with just a few comments or updated words added in brackets so you can tell exactly what’s been changed — and an additional quote [also noted as additional in brackets]. The following is the second half of the original article — written in August of 2015 — that I quoted from as the basis for yesterday’s article, “The Return of the Epocalypse.”)

Why do I do it this way? So you can see how accurate the predictions of the original article about the Epocalypse were as we now enter recession again and you observe how that recession is actually playing out. Now, a flash from the past that’s nearly perfect for the present: Read More

04.13.20- Welcome to your new Freedoms: “Shoot them dead”
Simon Black

In the words of Rahm Emanuel, former Chief of Staff to BarackObama, “never let a good crisis go to waste.”

Emanuel first said this during the 2008/2009 financial crisis… meaning that politicians can use a crisis as an opportunity to push through radical ideas that would otherwise never be accepted.

Late last month, Emanuel uttered the same words on ABC News This Week, admonishing politicians to not let this crisis go to waste either… and use it as a springboard to pass sweeping policy changes while people are too terrified to care.

And at this point in the pandemic it’s pretty clear that plenty of governments are absolutely not letting this crisis go to waste. Here’s a roundup of what’s happening around the world: Read More

04.11.20- Soaring Food Prices May Signal U.S. Return to
“Inflation Nation”

The monetary “moon shot” taken by the Federal Reserve two weeks ago – in which they committed to adding an historic amount of liquidity to the markets – appears to have set the stage for some potentially nasty price inflation in the coming weeks and years.

In the near term, it appears some food prices are rising dramatically. Robert Wenzel explains why he thinks the first signs are happening:

The Federal Reserve is pumping massive amounts of new money into the economy and, at the same time, the production of goods and services has declined. Less supply and more monetary demand is a prescription for higher prices.

The Fed “moon shot”, plus the economic shutdown, sure seem like a one-two punch that could send prices soaring. Read More

04.10.20- 14 Ways to Be Civilly Disobedient in the Face of the Corona Ban
Allan Stevo

Let’s face it, these corona shelter-in-place orders are illegal and ineffective. Politicians, however, aren’t just going to back down over such a grandiose idea. They need to be pushed. The bigger the government mistake, the harder it is to kill. And the corona bans need to be killed if they are going to die.

Case in point, even the governor of New York, Andrew Cuomo, more than two weeks ago, acknowledged that the hasty and heavy-handed corona ban may have backfired, saying “If you re-thought that or had time to analyze that public health strategy, I don’t know that you would say ‘Quarantine everyone.’” Yet the corona ban remains firmly in place in New York.

Sometimes fell swoops work to enact change, other times a general change in attitude might get the job done. With the corona bans needing to be killed, here are a few ways to exert pressure. Read More

04.09.20- Know Your Rights Under Martial Law: 
Regulations, WEAPONS

Tennille Shelley

Martial law is the imposition of direct military control of normal civilian functions by a government, especially in response to a temporary emergency such as invasion or major disaster, or in an occupied territory.

While Martial Law is not explicitly mentioned in the Constitution, the suspension of habeas corpus is mentioned, which basically explains the idea behind one of the main consequences of martial law: the suspension of your right not to be held against your will without just cause. In the normal function of everyday law and order, it is unconstitutional to be held against your will without good cause. In the normal context of law and order to legally arrest you and put you in jail, the courts must issue what is called a “writ of habeas\corpus” – which requires those who are holding you to provide the court with a necessary reason for doing so. If Martial Law is implemented, habeas corpus is suspended and you’re basically left at the mercy of Military Justice.  Read More

04.08.20- A New World Is Being Born:  What Will It Be?
Paul Craig Roberts

We are hearing from many that the world after Covid-19 will be different.  The question is:  Different in what way?  Will it be better or worse?

Elites are working to make it better for them, and worse for the rest of us.  About that the evidence is clear.  The Big Boys are being bailed out and their debts covered.  Everyone else, except those already marginalized and without a recent work record and fixed address, got a month’s rent and extended unemployment benefits.  

Big Pharma sees massive profits in the virus, Government sees more power to control

But the disparity in economic benefits is only a part of it.  Powerful vested interests, such as Bill Gates and Big Pharma, are determined to vaccinate us all, and to control our movements with an internal passport called “vaccinated, health cleared” or other words to that effect.  New tracking procedures and technologies are to be put in operation reminiscent of the “mark of the beast” to police the access of varous categories of people to various areas and benefits.  Read More

04.07.20- Blame the Baby Boomers
James Howard Kunstler

History will probably record that America’s Baby Boom generation threw one helluva party; Gen X was left with the sorry task of cleanup crew; and the Millennials ended up squatting in the repossessed haunted party-house when it was all over. On behalf of the Boomers, let me try to explain and apologize.

We came along at the end of history’s earlier biggest trauma, the Second World War, following the hard stumble of the Great Depression — which, by the way, for those of you unsure of chronology, followed the First World War, an epic, purposeless slaughter that utterly demoralized Western civilization. What a set-up for my parents’ generation.

My stepfather, the man who raised me, was an interesting, specimen of that gen. Fresh out of college in Boston, he joined the army, became a lieutenant, and by-and-by found himself trapped in the German offensive through the Ardennes Forest, known as the Battle of the Bulge. Read More

04.06.20- Food Banks Warn They Will Soon Run Out Of Food As Economic Suffering Explodes All Over America
Michael Snyder

What are hungry Americans going to do when the food banks don’t have any more food for them?  Over the past couple of weeks, we have witnessed the largest spike in unemployment in all of U.S. history.  Since most of those workers did not have any sort of a cushion to fall bank on, a lot of of them have been forced to seek out emergency assistance for themselves and their families almost immediately.  Of course our national network of food banks was not built to handle this sort of a scenario, and as you will see below, many of them are already starting to run out of food.  But if things are this bad at the very beginning of this new economic downturn, what are things going to look like a few months from now? Read More

04.04.20- Testing for DNA...Er... I Mean Corona Virus
Joseph P. Farrell

Someone who wishes to remain so Anonymous that they don’t even want me to use their initials spotted this article and passed it along. It has me wondering, and doubtless, will have you wondering too:

https://nocamels.com/2020/03/israel-china-coronavirus-testing-myheritage/

This intrigues me because it prompts an obvious question: what the heck is a DNA-heritage testing company doing involved in helping  China create a corona virus test? Well, for one thing, recall those stories early on as the corona virus story stated to go Viral (pardon the pun), spreading faster than the virus itself. Those early stories indicated that oriental peoples, and particularly Chinese, were more susceptible to the virus due to much higher numbers of receptors in their lungs for the virus to latch onto. In other words, there appeared – initially at least – to be a genetic component to the story, one which has all but dropped off the radar altogether in the past few weeks. Hence, it makes eminent sense for such a company, experienced in genetic sequencing, to be involved in a quick start-up for corona virus testing. Read More

04.03.20- Who’s Next to Fail in the Post-COVID World?
Tom Luongo

As much as I hate to invoke The Ayn Rand lest I give off the impression I’m some kind of Objectivist, which I am most certainly not, the engine of the world is coming to a halt.

Money velocity has been falling for years. It is now cratering as we hide in our homes from a bug that eventually we will all have to reconcile with. Credit is the engine of the world of today. 

It is the gas which fuels the engine of the world.

COVID-19 has cratered the global economy exposing the internal rot within our hyper-financialized global economy as nothing more than a pyramid of Ponzi schemes… Read More

04.02.20- A light in the Darkness
Paul Craig Roberts

Diana Johnstone’s just published book, Circle in the Darkness: Memoir of a World Watcher, is the best book I have ever read, the most revealing, the most accurate, the most truthful, the most moral and humane, the most sincere and heartfelt, and the best written.  Her book is far more than a memoir.  It is a history that has not previously been written.  If you want the truth of the last 60 years in place of the contrived reality constructed for us by controlled explanations, it is in this book.

This book is so extraordinary in its truthfulness and conciseness that it is difficult for a less gifted writer to do it justice.  It is a book without a superfluous sentence.

Herein I will provide some of the books message. In future columns I hope to present some of the history in the book.  Read More

04.01.20- Pharma Insider: ‘First Data From Clinical Studies’ Indicates ‘Hydroxychloroquine Kills the Coronavirus’
Shane Trejo

The CEO of Novartis is giving the public a reason to be hopeful during the pandemic.

Novartis Chief Executive Vas Narasimhan has announced that there is preliminary evidence showing that “hydroxychloroquine kills the coronavirus.”

Narasimhan made the announcement to Swiss newspaper SonntagsZeitung on Sunday, as he was touting the ability of his pharmaceutical corporation to develop medicines to stop the pandemic. They have pledged to donate 130 million doses of hydroxychloroquine as soon as the medicine is approved for widespread use.

“Pre-clinical studies in animals as well as the first data from clinical studies show that hydroxychloroquine kills the coronavirus,” Narasimhan said to the newspaper.  Read More

03.31.20- "Don't Be Fooled... April Is Going To Hurt"
Bill Blain

“Damn, he was good. Came out of nowhere. Hit us with a full broadside, cut across our tail and took out our rudder. Damn fine gunnery.”

According to the press, China is experiencing normal traffic jams, while the major threat is reinfection from the West, so borders are locked shut. They are anticipating business as usual. They are in for a shock. 

JP Morgan are on the wires saying markets have made their lows, and although it will be volatile, its time to “average into oversold markets.”

In my opinion… they are foolsRead More

03.30.20- Boot Strapping the World Economy

“Boot strapping” is an electrical term used to perform a “black start” or a complete “cold start” of a complex electrical grid after a catastrophic failure.  The East Coast blackout of 1965 was one such occurrence.  Another was on the Gulf Coast after hurricane Rita.  More recently the complete electrical failure in Venezuela illustrates the difficulty.   It has been over a year and Venezuela’s power system is still struggling to provide power after their cold start.  When the crash happens everything is still connected and tries to restart all at once.  It can take up to six times the running power to start an electric motor.  When everything is trying to start at the same time the system is overwhelmed and the breakers trip out again. Read More

03.28.20- The Grasshoppers Are Swarming Mad That You Are Prepared For The Crash

Most people are familiar with the tale of the Ant And The Grasshopper, an ancient fable about a grasshopper who spends the fruitful months of spring and summer in idle recreation, dancing and playing carelessly while the industrious ant works tirelessly to prepare for what he knows will be a harsh winter. In many versions the Grasshopper harasses the Ant, criticizing him for wasting so much time on work when he could be out enjoying himself in the sun.

Eventually, winter does arrive and it is as brutal as the Ant had predicted. Not surprisingly, the carefree Grasshopper finds himself cold and starving with no supplies, begging the Ant to share the bounty he had worked so hard to procure over the summer. The Ant refuses, telling the Grasshopper he can “dance the winter away, now….”

What many people do not know is that there is also a decidedly more socialist version of The Ant And The Grasshopper written by a French poet named Jean de La Fontaine in which the Ant is portrayed as the bad guy, and his industry as “mean spirited”. And here in this little fable we have represented one of the greatest conflicts of our modern era: Read More

03.27.20- FDIC asks Americans to keep their money in the banks

Yesterday the Chair of the FDIC released an astonishing video asking Americans to keep their money in the bank.

Accompanied by soft piano music playing in the background, the official said:

“Your money is safe at the banks. The last thing you should be doing is pulling your money out of the banks thinking it’s going to be safer somewhere else.”

As I’ve written before, there’s $250 TRILLION worth of debt in the world right now: student debt, housing debt, credit card debt, government debt, corporate debt, etc.

And let’s be honest, some of that debt is simply not going to be paid.

Millions of people have already lost their jobs. Millions more (like the 10 million waiters and bartenders across America) are barely earning anything right now because their businesses are closed. Read More

03.26.20- The Pandemic Is Accelerating the Breakdown
That Began a Decade Ago

Charles Hugh Smith

The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion…

The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion.

In eras of confidence and certainty, people save less and spend more freely. When we’re confident that good times are not only here but will continue, we not only spend more freely, we’re more inclined to borrow money and speculate on the shimmering promises of more good times ahead.

In eras of uncertainty, people save more and spend, borrow and speculate less. There is an obvious feedback loop here: if people feel confident about their future prospects and have a measure of certainty about the general economic trend, they spend more, borrow more and speculate more, all of which feed the expansive mood that then encourages further spending, borrowing and speculating. Read More

03.25.20- It Could Last 18 Months — “or Longer”

547.5 days. 78.2 weeks. 18 months. “Or longer.”

That is how long the coronavirus scourge may endure. This we learn by way of The New York Times.

It has done us all a capital service by executing a rare feat of journalism.

For its spies have captured a government document “not for public distribution or release.”

From which:

A pandemic will last 18 months or longer and could include multiple waves of illness… Increasing COVID-19 suspected or confirmed cases in the U .S. will result in increased hospitalizations among at-risk individuals, straining the health care system… Supply chain and transportation impacts due to ongoing COVID-19 outbreak will likely result in significant shortages for government, private sector and individual U.S. consumers.

Potentially critical shortages may occur of medical supplies and staffing, due to illnesses among public health and medical workers, and potentially also due to exhaustion. SLTT governments (state, local, tribal and territorial), as well as health systems will be stressed and potentially less reliable. Health systems may run low on resources inhibiting the ability to make timely transitions between postures and maintenance of efficacy. Read More

03.24.20- Good night, John Boy…
Frank Giustra

As some of my readers might remember, there was a 1970’s TV show called The Walton’s. It was a weekly staple during my early teenage years. The show featured the life of a family living in a small Virginia community during the 1930’s Depression years. Although the family was poor, it was rich in love, respect and inner strength. It was a show about the importance of holding on to ones values and morals in a difficult and often negative world. 

It may not come as a surprise to many that the recent Covid-19 Crisis will bring about some very difficult times for many people in our community and around the world. How we all conduct ourselves will make the world of difference to the level of suffering to many around us and even the quality of our own lives.

Whenever a crisis hits suddenly, seemingly out of nowhere, panic is usually the first reaction. Fear is primal and we simply can’t avoid it at first. Our instincts scream at us to take care of number one and family first. Having said that, there is another way of looking at things. Consider the ancient Hellenistic, Stoicism philosophy. Read More

03.23.20- The End of Civilization?
Llewellyn H. Rockwell, Jr.

Governments all over the world are using the alleged threat of a COVID-19 pandemic to shut down the world’s economy. Daniel Lacalle, an authority on energy economics, writes: “The decision to shut down air travel and close all nonessential businesses is now a reality in major global economies. The United States has banned all European flights as Italy enters a complete lockdown, Spain declares a state of emergency, and France closes all nonessential public places and businesses.”

Further, he points out, governments can’t solve the problems they have created through massive spending programs and bigger deficits. These policies make things worse: “Governments will implement large demand-side policies that are the wrong answer to a shutdown of the economy. Most businesses will suffer from the collapse in sales and subsequent working capital build, and none of that will be solved with deficit spending. You cannot mitigate a supply shock with demand policies, which increase debt and overcapacity in the already indebted and bloated sectors and do not help the sectors that are suffering an abrupt collapse in activity.” And government printing of money, i.e., outright inflationism, is even more dangerous. Read More

03.21.20- “Hell Is Coming”
Brian Maher

We sense that we are among unrealities…

It is as if some hinge, deep within the national psychology, has suddenly given way.

The daily rites of life are suspended. Businesses, schools and arenas the nation over have gone dark. Travel is hopeless…. and borders are sealed shut.

Unemployment claims are piling up. Treasury Secretary Mnuchin has suggested they may ultimately scale a depression-level 20%.

San Francisco residents are under house arrest, confined to barracks 24 hours of the day. Emergencies and food shopping provide the only officially sanctioned furloughs.

(Our spies report large numbers of lawless who are flouting the ban.) Read More

03.20.20- Will This Be “Just A Recession” Or Will It Be “The Next Great Depression”?
Michael Snyder

As America slowly but surely shuts down from coast to coast, everyone is acknowledging the fact that we are heading into a very serious economic downturn.  Originally, many experts were warning that this coronavirus pandemic could spark a recession, but now some are actually starting to use the “d” word.  Yesterday, I wrote about the government planning document that envisions an 18 month pandemic, multiple “waves” of infections, and “critical shortages” of important supplies.  If that scenario actually plays out, what we will experience will be far, far worse than the “Great Recession” of 2008 and 2009.  So let us hope that a way can be found to slow down the spread of this virus.

At this point, many of our top minds are fearing the worst.  On Thursday, former White House economist Kevin Hassett warned CNN that we could actually see a repeat of the Great Depression… Read More

03.19.20- How Dead is the Fed?
David Haggith

You can only be so dead, and that’s just “plain dead.” But there is also Feddy Krueger dead. The kind of dead that keeps on happening like a demonic death that won’t stay dead. It is in that nightmarish Elm St. light that I’m going to review the Federal Reserve’s death.

It’s happened via face-plant failures over past month that I’m going to lay out to show how savagely the Fed is dying a perpetual-motion death.

Let me pause to assure you, I’m not saying Feddy Krueger is down for the count and will not rise again. He always revives by inventing powers over market death never seen before. Feddy will return with extraordinary and permanent powers beyond those he once used to bring counterfeit salvation from the Great Recession. Feddy gets more empowered by scared government politicians each time the economy crashes. You can’t get rid of Feddy. At least, it seems. Read More

03.18.20- Economic Effect of Coronavirus Could Be Revolutionary
Paul Craig Roberts

Coronavirus and globalism will teach us vital lessons.  The question is whether we can learn vital lessons that do not serve the ruling interest groups and ideologies.

Coronavirus will teach us that a country without free national health care is severely handicapped. Millions of Americans live paycheck to paycheck.  They cannot afford health care premiums, deductions, and copays.  Millions have no insurance.  This means millions of people infected with coronavirus who cannot get medical help.  The morbidity from this is intolerable in any society. 

Shutdowns associated with efforts to contain the spread of coronavirus will deny income to millions of Americans who live paycheck to paycheck.  What do they do for food, shelter, transportation?  You don’t have to think very long along these lines to see a very frightening scenario. Read More

03.17.20- Federal Government To Control And Oversee Grocery Distribution Within Days
Mike Adams

Trump will implement the plan with absolutely zero advanced warning to the public to protect the supply lines and prevent mass starvation & death…

(Natural News) Breaking news alert – NaturalNews.com – The US federal government is in the planning stage of implementing a plan to protect and control grocery distribution across the United States via public / private partnerships with top grocery chains such as Wal-Mart, Kroger, HEB (Texas), Target, Costco, etc., high-level sources now tell Natural News. The effort is being made to ensure the smooth delivery of food supplies to the public as a coronavirus lockdown is about to commence on a regional basis, and food supplies are necessary to prevent social unrest, lawlessness and looting. Read More

03.16.20- The "Greater Depression" Is Coming
Doug Casey

Just because society experiences turmoil doesn’t mean your personal life has to. And a depression doesn’t have to be depressing. Most of the real wealth in the world will still exist – it will just change ownership.

What is a depression?

We’re now at the tail end of a very long, but in many ways a very weak and artificial, economic expansion. At the same time, we’ve had one of the strongest securities bull markets in history. Both are the result of trillions of new dollars created over the last decade. Right now, very few people are willing to consider the possibility of tough times – let alone The Greater Depression.

But, perverse though it may seem, this is the very best time to think about it. The U.S. economy is a house of cards, built on quicksand, with a tsunami on the wayI urge everyone to read up on the topic. For now, I’ll only briefly touch on the nature of depressions. There are at least three good definitions of the term: Read More

03.14.20- Treatments for coronavirus that have worked in China
Paul Craig Roberts

These are scientific papers showing effective treatments for coronavirus being used in China

Treatments for coronavirus that have worked in China

Hydroxychloroquine

These research papers show great antiviral promise for both Hydroxychloroquine and Chloroquine. The Chinese have started using them. So should we. The antiviral effects were originally discovered in Europe during SARS, but then forgotten about as SARS was so aggressive it killed the host too quickly and died out. French Prof Raoult and others have helped the Chinese advising them to procede in this way and tgey had the good sense to trial it. Read More

03.13.20- Your Pension May Quickly Be 'Infected'
by Coronavirus Panic

Peter Reagan

Following the week that the coronavirus tanked the Dow Jones, it was only a matter of time before ripple effects started to make their appearance.

One of the ripple effects that will likely impact some retirement savers is panic stemming from the virus' potential impact on public and corporate pensions.

Of course, both types of pension programs have been running on fumes for years now. The coronavirus may just be the straw that breaks the camel's back.

In a recent example from England, an article from The Guardian notes, "Savers are nursing losses approaching 10% in their pension schemes since the start of the coronavirus market panic." Read More

03.12.20- Fear Of The Coronavirus Is Causing
A Stock Market Apocalypse

Michael Snyder

In all of U.S. history, we have never seen the Dow Jones Industrial Average go from an all-time high to a bear market as quickly as we just did.  As I keep reminding my readers, the stock market is all about how investors view the future.  Early this year, extremely irrational optimism about the future pushed stock prices to the most overvalued levels that we have ever seen, but now things have completely changed.  Fear of the coronavirus has many investors fearing an imminent economic crisis, and we have seen volatility on Wall Street that is absolutely insane.  On Monday we witnessed the largest single day point decline in the history of the Dow, on Tuesday stocks came roaring back, and then on Wednesday we witnessed the second largest single day point decline in the history of the Dow.  As I have previously explained numerous times, we see huge waves of momentum during any stock market crash, and I am sure we will see many more as this current implosion continues to play out. Read More

03.11.20- Even The Best-Case Scenario Is Pretty Grim
John Rubino

Let’s say President Trump is right about the coronavirus  “miraculously” fading away as temperatures rise in the Summer. Will things then go back to the old normal of globalization, free trade and finance-driven “growth”?

Almost certainly not, because the psychological damage has already been done. Over the past couple of weeks the modern globalized economy with its multi-nation supply chains and just-in-time inventory systems has been forced to recognize that such a system only works in a nearly-perfect environment. Take the iPhone: It is designed in the US, its constituent raw materials are mined and processed in numerous other countries and the resulting components are then shipped for assembly to vast Chinese factories.

Break any link in this chain and the whole thing grinds to a halt. One unavailable commodity or component, one out-of-service assembly plant, one country with closed borders or out-of-control civil unrest, and a multi-billion dollar revenue stream evaporates. Read More

03.10.20- No, the world is not coming to an end…
Simon Black

This is going to be a rough day for a lot of folks. But it’s one that I’ve been writing about for quite some time.

I’ve been saying for years that, at some point, there will be a severe financial reckoning. We wouldn’t know how, and most likely, we would have very little advance warning.

As an example, in June 2018 I wrote “whatever causes the next major downturn can be something completely obscure and unpredictable. And no one realizes it until it’s too late.” Read More

03.09.20- Pandemic Pandemania Causes Global Economic Crisis
David Haggith

Back in the oil-embargo recession of the early 70s when Boeing was Seattle’s economy and was laying off thousands of Seattleites, a billboard on the edge of town by Sea-Tac Airport read, “Will the last person leaving Seattle turn the lights out?” (Boeing had gone from 100,800 employees in 1967 to 38,690 in 1971.) 

Since Seattle is the first area where the coronavirus made landfall in the US, I’ll present Seattle’s viral transformation in the last forty-eight hours (about two weeks since the first cases were reported) as an anecdote for the extremely rapid changes already sweeping many cities in the US as outbreaks begin to show elsewhere.

You may recall I recently wrote that the COVID-19 virus, whether it grew to become one of the world’s great killers or just the cause of one of the world’s great panics, would certainly bring rapid economic damage. It would also help take down the stock market by accelerating us into recession, which is how I’ve been predicting this bull run will finally die. Read More

03.07.20- Corona baloney: it’s the money, honey
Jon Rappoport

We all understand that governments can invent money out of thin air. However, inventing a reason out of thin air to invent the money sometimes takes a little more ingenuity.

Enter THE VIRUS. The medical version of Satan.

To new readers: to fully understand the next paragraph, you’ll need to read my previous articles on the “China epidemic” con job.

—A virus whose very existence is in doubt; the diagnostic tests for the virus are entirely inadequate and useless and misleading; therefore, the case numbers are meaningless; the virus’ supposed origin (Wuhan) is a place where highly dangerous and unprecedented air pollution can account for the all the effects of the so-called virus—and now one prediction on steroids is pegging the eventual global case numbers at 15 million, and the cost of containing the virus at $2 trillion. The elite players are visiting their tailors and having their deep pockets deepened further to absorb this (planned) windfall. Read More

03.06.20- Top FBI Spill DISTURBING Beans on Massive Clinton Crime Cartel — How Much Tax Money Did Bill & Hillary Steal & Where Did it All Go?
True Pundit

Just how much money did the Clinton Foundation and its criminal cartel of bogus subsidiaries steal from U.S. taxpayers and unsuspecting dupes worldwide? And where did all the hordes of illicit cash go?

Top FBI and federal law enforcement insiders were investigating what amounted to a Clinton-backed crime spree but were told to stand down by Attorney General William Barr. These agents may have stopped the official probe but that is not stopping high-ranking personnel from spilling the beans to Thomas Paine, detailing how the Clinton Foundation ripped off taxpayers amd many many other entities worldwide. The Clinton’s should be in prison, federal law enforcement insiders attest. There is no doubt. How big is this criminal enterprise? Thomas Paine breaks down the dirt insiders are dishing on the new episode of the Thomas Paine Podcast and on the Moore Paine Show on Patreon. This is a massive scheme and the cover up is even bigger than the cartel. Read More

03.05.20- How The Pandemic Crisis Will Probably Develop
Over The Next Year

Brandon Smith

For a while now I have been hearing it said that Americans are “in a panic” over the coronavirus outbreak in the US, and that mainstream media outlets are “feeding the fear”.  This is an odd conclusion to come to and something worth noting, because the truth is mostly the opposite.  For the past couple of months the WHO, the CDC and even Donald Trump have been dismissing Covid 19 as nothing much to worry about.  The WHO actually still refuses to call it a pandemic even though the virus meets all of their own criteria.

Until recently the mainstream media was also been pumping out article after article on why Covid 19 is “no more dangerous than the flu”.  With the official death rate at 2.3% to 3% (changing by the week), the virus already has higher mortality than the average flu.  If we take into account the fact that multiple medical professionals within China have revealed (despite threats of punishment) that the Chinese government is hiding the true (and much higher) death and infection statistics, then the official data goes out the window.  We can't even trust the infection numbers from the CDC in the US, because they been refusing to test most people unless they have recently traveled to China.

Because of government lies we have to assume that the crisis is more pervasive than we know.  And so far the average American is oblivious to it. Read More

03.04.20- Have we brewed a whirlwind?
Paul Craig Roberts

In the United States and throughout the Western World there is public distrust of public authorities and distrust among the public of one another.  Public authorities who do not like “conspiracy theories” do a lot to generate them.

We can see the public’s distrust of public authorities in the negligent response to the coronavirus.  The refusal of public authorities to stop incoming flights from infected countries has brought the dangerous virus into the Western World where inaction has so far prevailed.

Many virologists and other experts have criticized the inaction for seriously endangering the public.  I recently posted some of the expert statements made to public health authorities. Read More

03.03.20- What Is The Deep State
GreatGameIndia

A new focus on the Deep State in undermining the national interests has become a serious thought for many citizens. Not known to many, the Deep State has its origin in the British Empire and how the Round Table infiltrated former British colonies (including India) through America.

Last year, fuel was added to this fire when internal memos were leaked from the British-run Integrity Initiative featuring a startling account of the techniques deployed by the anti-Russian British operation to infiltrate American intelligence institutions, think tanks and media. Read More

03.02.20- All Of A Sudden, People All Over America
Are Prepping Like Crazy

Michael Snyder

I can’t remember a time when we have seen such widespread “panic buying” all over the nation.  Today I spoke with someone that just visited the closest Wal-Mart in this area, and I was told that there are empty shelves all over the store.  There are very few canned goods left, some of the most essential medications have been cleaned out, and there was nothing left in the long-term storable food section at all.  Of course similar things are being reported at major retail stores all across the United States.  All of a sudden, fear of COVID-19 has motivated thousands upon thousands of Americans to start prepping like crazy.  But most of the population is still not taking this crisis seriously enough.  As the number of confirmed cases all over the world continues to rise at an exponential rate, what are the stores going to look like when most of the country finally realizes that they should be prepping for an extended pandemic?

Over the past several days, this coronavirus outbreak has escalated significantly.

From Saturday to Sunday, the number of confirmed cases in Italy jumped by 50 percentRead More

02.29.20- What happens to your bitcoin after you die?
Alyssa Hertig

If a "dead man's button" isn't pressed one week, it is assumed the user is dead and the service automatically dispenses a "secret," which heirs can use to retrieve the crypto.

This is more than just a philosophical question: It could involve a substantial amount of currency.

The question of crypto and the Great Beyond is what prompted about 20 or so developers to get together in London recently to experiment with repurposing the current lightning protocol to send private messages as a “dead man's button,” a system that can't be censored and would keep your crypto safe for your heirs. Read More

02.28.20- Doug Casey on the Truth About Millennials and the Next Crisis
Doug Casey

International Man: Many people perceive Millennials to be entitled, spoiled snowflakes who refuse to work hard.

Whether or not this is true, Millennials as a group will soon surpass the number of baby boomers as the largest generational group.

How equipped is this soon-to-be dominant generation for handling a financial crisis, a major war, or civil unrest?

Doug Casey: According to William Strauss and Neil Howe in their book, The Fourth Turning, the Millennials should be a “Hero” Generation, set to face a huge threat to the country.

For previous Hero Generations, the threats were the Great Depression and then World War II. The time from 1929 to 1946 was full of societally threatening events. Much like today. Read More

02.27.20- The Unsustainable Trajectory of America’s Economy
Justin O. Smith

I have never claimed to be an economics “expert” or anything remotely close, but my university years did make me well familiar with certain aspects of higher math as course requirements and quantitative methods of social science research, especially as applied to the demographics of any particular culture and society. So, through this prism and the perspective of largely a layman on the topic, I have looked at all the numbers I could find on this topic, and I attempted to condense them to a core of those most pertinent, in order to present a fairly comprehensive overview of where America’s economic future currently stands. 

From where I’m sitting, the news isn’t good, but then again, I’m not in the government and privy to all the hidden factors that may eventually enter the equation. If one goes off known quantities that have been verified and documented and recorded, it’s really hard not to conclude that every nation worldwide is in a bit of a financial struggle at the moment. We just happen to be struggling at the top of the heap, so to speak. But, when the proverbial “Stuff hits the fan” it ain’t going to be pretty, not when it will take a bushel barrel full of this queer fiat money to buy a single loaf of bread, and everybody and his brother are fighting in the streets wondering just what in the hell happened. Read More

02.26.20- No One on Food Stamps Should Be Allowed to Vote
Mr Reagan

View Video

02.25.20- Your Doctor and Your Guns
Dr. John Edeen

What do you do when your doctor asks if you own a gun?

You are at the pediatrician’s office for a routine well child visit. Maybe you just moved to a new town. The nurse hands you the standard paperwork with the questionnaire pertaining to your child’s health. You start filling out the form and right there . . . question number 14 . . . “Do you have a gun in the home?” It’s right after the question about swimming pools and right before the one about household cleaner storage. What do you answer? 

First, the presence of this question is no accident. In the 1980s and 1990s professional medical organizations declared a culture war on gun ownership. This includes the American Medical Association, American College of Physicians and the American Academy of Pediatricians. Read More

02.24.20- US Biowarfare Act Author: Studies Confirm Coronavirus Weaponized!
Spiro Skouras interviews Professor Francis Boyle

View Video

02.22.20- Is There Any Place Safe Left To Live?
Dunagun Kaiser with Joel Skousen

Is there any place where liberty, privacy, self-reliance, and the ability to garden, fish, hunt, build, and protect one’s hearth & home are still possible?

Has the entire country gone mad? Is there any place left where liberty, privacy, self-reliance, and the ability to garden, fish, hunt, build, and protect one’s hearth and home is still possible?

Renowned editor of the World Affairs Brief​, and author of Strategic Relocation, and The Secure Home, Joel Skousen, returns to Finance and Liberty / Reluctant Preppers to give us a critical update on the changing socio-political landscape of our nation, and the focus areas on new concern to those seeking a private, secure location for a safe homestead. Read More

02.21.20- Omens, Portents, Karma and the Mandate of Heaven
Charles High Smith

The question of legitimacy isn’t limited to China.

What makes humans unique among social mammals? Some say humor, I would nominate superstition: regardless of how hard we promote our rationality and logic, humanity continues to sense portents and omens in events and feel the intangible tug of karma: the consequences of past actions that we arrogantly thought we’d escaped forever.

Michael Snyder recently compiled a list of peculiarities that are raising eyebrows around the globe: One, sure, two, not that unusual, three, well things happen in threes, but ten disturbances and we’re only six weeks into 2020? 10 ‘Plagues’ That Are Hitting Our Planet Simultaneously (Zero Hedge)

As the saying has it, Nature Bats Last, and maybe arrogant, destructive humanity’s war on Nature is about to get its comeuppance. Maybe overdosing hundreds of millions of chickens and pigs to knock down bacteria in overcrowded conditions has finally generated a karmic blowback via bird and swine viruses. Read More

02.20.20- The Lessons We Have Learned From The Coronavirus
So Far...

Brandon Smith

Every disaster contains a lesson or a message that needs to be examined. Every tragedy, no matter how terrible, should be absorbed into the public consciousness and adopted as a cautionary tale; a part of our mythos. These events should not be cast into the memory hole to make life less stressful, they need to be taken seriously. Otherwise, the damage done and the lives lost are all for nothing.

Refusing to examine the dark side of life and its dangers has become a staple of our society, to the point that it has given birth to a kind of religious cult. Naive optimism has become a virtue, a misplaced form of faith that encourages people to remain oblivious in the face of adversity. And the more precarious our system becomes, the more these people see unicorns and rainbows. It is truly bizarre. Read More

02.19.20- The Betrayal Of The Elites
Paul Adams

In an important new book, political scientist Yuval Levin argues that we have lost faith in our institutions—public, private, civic, and political.

We need institutions, including families, associations, churches, corporations, trade unions, political parties, professions such as law and medicine, as well as the formal institutions of government such as Congress, the presidency, and the courts.

They are, as Levin puts it, “the durable forms of our common life.” They serve purposes or missions, like educating the young, resolving disputes, or defending the country. They give life meaning by assigning roles, teaching self-control, and enforcing standards. In the process, they form the character of those who participate in them.

But we no longer trust them. What went wrong? Read More

02.18.20- Why Covid-19 Demands Our Full Attention
Chris Martenson

This is an unprecedented moment for our hyper-connected planet

There’s a reason we’ve re-directed so much of our attention towards reporting on and trying to understand the novel coronavirus (covid-19) that originated in Wuhan, China in December.

The heart of our approach is to be “systems thinkers.”

“Learn how to see.  Realize that everything connects to everything else”

~ Leonardo Davinci

We don’t see the economy as a closed ecosystem to be analyzed and understood all on its own.  It’s connected to energy flows, especially oil.  So we investigate those, too, with an eye towards working out how fossil fuels’ eventual dwindling will impact an economic system that is utterly dependent on perpetual growth. Read More

02.17.20- The coronavirus achieves all the top priorities of the globalists: Depopulation, authoritarian government and elimination of the elderly who no longer contribute tax money
Mike Adams

If the Wuhan coronavirus (CoVid-19) pandemic began from an “accidental” release, it sure was a happy accident for the globalists. Everything the pandemic is achieving just happens to perfectly fit the top priorities of the globalist agenda.

Consider the following:

– The coronavirus pandemic is currently on track to infect 60% – 80% of the world population and kill up to 15% of those infected, according to an increasing number of doctors and scientists. Conservatively, this could kill up to half a billion people (500 million people), which would go a long way toward accomplishing the globalist goal of depopulation.  Read More

02.15.20- White People Are Being Erased
Paul Craig Roberts

White people aren’t supposed to know that they are being demonized by the New York Times, PBS, universities, the Democrat Party’s Identity Politics, and corporations, and if they find out they are not allowed to protest.  If they do protest, they are in even more trouble.

Those Americans empowered by “white privilege” who are still a demographic majority are too scared and too intimidated to open their mouths or use their pocketbooks to protest their demonization and marginalization. Facebook and Twitter will drop them, denying them their virtual existence. Indoctrinated and mindless white friends will shun them as racist, anti-semitic white supremacists.  Twenty-eight US states will fire them if state employed and deny them contracts if their protests have anything to do with Israel. Deserted and isolated on social media, their life will be over.  This is what “white privilege” means.

Throughout the Western world truth is out of favor.  Indeed, truth is objectionable.  It offends Identity Politics, feminism, the Israel Lobby, the military/security complex, Monsanto/Bayer, the extractive industries, the pharmaceutical industry, the “woke people,” the transgendered and every other interest that desires to be unaccountable and free of criticism. Read More

02.14.20- The Necessity of Questioning Mass Media Journalism
(About Nearly Everything)

J. Kim

We now live in an age in which it is imperative to always question mass media journalism if we are interested in arriving at truth about almost any matter. Given recent numerous examples of mass media journalism spreading disinformation as “facts” and social media icons aggressively forwarding the suppression of freedom of speech by censoring any independent journalists that (1) either spreads truth or (2) merely questions the numerous holes that sometimes exist in the mass media narrative, any person of any intelligence would regularly question the “journalists” that work for mass media corporations.

A couple of weeks ago, I started blogging, having traveled to two different Asian nations and having observed the precautions people were taking in crowded areas, and having spoken to friends that live in China, my suspicions that the coronavirus was much more serious than being implied by official State reported data. Initially, when I conveyed these suspicions, I received quite a bit of pushback from people and heard accusations that I was just contributing to the hysteria, even though I additionally conveyed my belief that there was a good deal of real hysteria being reported on pure speculation from other nations’ reporters outside of the Asian continent, and that this hysteria should be largely ignored as click-bait rubbish. Read More

02.13.20- Hackers Attacking Retirement Savings
With Increasing Frequency

Peter Reagan

Imagine building up a lifetime of retirement savings, in one or perhaps even several retirement accounts ...only to wake up one morning and discover one of your retirement accounts has been wiped out by a hacker.

Unfortunately, this nightmare scenario is happening more and more often as hackers become more creative and use more sophisticated methods.

According to an article on MarketWatch, "Hackers are targeting new types of financial accounts — such as customer rewards programs and retirement plans, according to the 2019 Identity Fraud Study from Javelin Strategy & Research." Read More

02.12.20- If Only Economics Was as Easy as Rocket Science
Gary M. Galles

Over the years, I have often heard “rocket science” used to describe the hardest things to do. But as an economics professor, I recognize that the questions of social coordination economics addresses are in many ways much more complex and difficult, especially when it comes to controlling results.

After all, we have successfully sent rockets to many places in our planetary neighborhood, demonstrating a tolerable ability to solve enough of the relevant problems, yet many economic policies impose more harm than help. And the more one tries to control, the more the information and implementation issues undermine the possibility—much less the probability—of effectiveness. Read More

02.11.20- A Most Convenient Virus
Dmitry Orlov

I prefer to write on things I know about, but once in a while an opportunity presents itself for me to comment on some aspect of widespread mistrust and confusion while resting on a solid foundation of my professional curiosity. This is the case of the 2019-nCoV novel coronavirus. A lot of the elements of the coronavirus story just don’t add up, and that’s what I want to explore. At the outset, I want to make it clear that I am no expert on these matters. Is 2019-nCoV a genetically engineered biological weapon or is it a naturally evolved strain of a virus that is endemic in China’s bat population? This we don’t know, but it is interesting to look at the plausibility of each of these scenarios and also to consider whether what we are observing could be a combination of a little of each.

As a biological weapon of mass destruction, 2019-nCoV isn’t particularly good. On the plus side, it is highly contagious and can be spread by infected individuals who are not showing any of the symptoms, such as fever and shortness of breath. On the minus side, the mortality rate is a mere 2.1% and is likely to trend down because this rate does not account for a potentially huge number of young, healthy people who contracted the virus but never developed any symptoms, were never tested for it, and will never know that they had survived it. For a virus to be potent as a bioweapon, its kill ratio needs to be optimized for killing the largest possible number of its victims, but doing so slowly enough so that the victims don’t die before they have a chance to spread the infection. Read More

02.10.20- In The Bubble: Trump's Presidency Reveals
7 Undeniable Facts About The Swamp

Doug “Uncola” Lynn

Barely into the New Year, 2020 vision has brought many revelations into better focus, making several ongoing observations perfectly clear.  Although there are those who’ve been watching the dots of The Matrix assemble into the big picture for decades now, the election of Donald Trump has increasingly exposed what was hidden in plain sight for so long.

The awakening for many Americans could be compared to that of actor Jim Carrey’s character in the 1998 film “The Truman Show”.  In that narrative, the unsuspecting star of a global reality television program came to the realization his entire worldview was formed within a bubble; a literal bubble that generated bubblevision in Carrey’s character as all of those around (and above) him performed right on cue.

Truly, it feels like that now in America. The times have become surreal.

And there is a great percentage of Americans who still live within the bubble. They are everywhere: In the workplace, in schools and colleges and at restaurants and in bars. They vigorously debate each other on who would make a better president between Bernie Sanders, Elizabeth Warren, Andrew Yang, or Joe Biden. They LOVE the fact that Trump was impeached and consider Adam Schiff, Nancy Pelosi, and the Devil’s butler (Chuck Schumer) to be American heroes. Read More

02.08.20- Welcome to the Bullshit Economy
David Dayen

The Iowa caucus disaster is a function of a broken economic structure that rewards con artistry over competence.

The story of Shadow, makers of the app that utterly failed to deliver in Iowa, is a perfect example of the bullshit economy.

In one sense, the Iowa caucus debacle will last just a couple of news cycles. We have the data on paper, tabulated in front of tens of thousands of witnesses, and it merely needs to be collated. Eventually it will, and though the damage to the news cycle is irreparable—Joe Biden’s disappointing outcome has been diluted in particular—the process will go on with an accurate count. Caucuses are horrible and probably a dead letter, but for different reasons than the delayed count; the real problems arise from the electoral college–style distortions between the initial percentages and the final delegates, and the tacit vote suppression from forcing people to attend a two-hour meeting on a weeknight when they might be working. Read More

02.07.20- The Height Of Idiocy
Doug Casey

“The only element in the universe more common than hydrogen is stupidity.”

– Einstein

I’m not a fortune teller. In fact, the only things anybody knows about predicting – even if you gussy the concept up by calling it “forecasting” – are 1.) Predict often and 2.) Never give both the time and the event.

The worst offenders are those who pretend they know where the economy’s headed.

Statistics – so often the basis of conjecture with regard to the economy – are so subject to interpretation, and so easy to take out of context, that most of the time they’re best used as fodder for cocktail party conversations.

Still, as potentially wrong-headed and tendentious as the subject is, “the economy” is occasionally worth talking about simply to establish a clear point of view. Read More

02.06.20- Pandemic, Lies and Videos
Charles Hugh Smith

Will we wonder, what were we thinking? and marvel anew at the madness of crowds?

When we look back on this moment from the vantage of history, what will we think? Will we think how obvious it was that the coronavirus deaths in China were in the tens of thousands rather than the hundreds claimed by authorities?

Will we think how obvious it was that the virus would spread around the globe, wreaking havoc on the global economy and social order, even as the authorities claimed only a handful of cases had arisen outside China? Read More

02.05.20- Are you prepared for the contagion?
Bill Holter

We have been harping on the question “are you prepared?” for years. We have asked if you were prepared financially, mentally, physically, and with your maker? The potential boogeyman as we suggested could come from anywhere or any angle but the end result would affect the economy and thus finance (credit) and would then spill over socially.

I have to admit, a “pandemic” was low on my list of possible sparks, but after thinking it through, a pandemic is a financial disaster. Yes it is a human disaster and many will die, but the odds of dying from the virus are and will remain quite low. The real problem is what the human response will be. I say this because we live in a world of just in time inventory AND production. We also live in a financial world with more debt and financial leverage (and thus monthly debt service) than ever before. So much so that even a small hiccup (which this does not appear to be) where business slows and contracts will be enough to quickly default some credits. The problem is not the initial defaults, rather, it is the “contagion” throughout the system because our world is so inter connected (globalism). Read More

02.04.20- The Awakening to Human Truth – Powerful new video forces Leftists to face the depths of their own anti-human EVIL
Mike Adams

We’ve now posted a powerful new mini-documentary called, “The Awakening to Human Truth.” Just ten minutes in duration, the documentary forces pro-abortion Leftists to face the depths of their own evil as they call for the destruction of the very same kind of conscious human existence that once defined their own lives as unborn human babies.

Human consciousness begins in the womb. Unborn babies have memories, emotions and experiences that some people even remember. Consciousness exists in human babies long before the day of birth, at which point the child is nearly ten months old, not nine as is typically misstated by most people. This is why in Eastern cultures, a child is considered to be one year old at the moment of birth. Read More

02.03.20- Our Kardashian Culture
Donald Jeffries

The recent death of former NBA star Kobe Bryant, and the unbelievable saturation news coverage that followed, illustrated again that we are no longer living in America 1.0.

Bryant was a great basketball player, one of the best in NBA history. He was also accused of raping a nineteen year old hotel worker in 2003. Like all celebrities and wealthy people, Bryant escaped punishment and later settled out of court. The mainstream media broke a time-honored tradition at the time, by disclosing the name of the victim, and questioned her character and motivations in several biased, inflammatory reports. At the last minute, she abruptly decided not to testify, and Bryant avoided a trial.

In the eyes of a reasonable person, Kobe Bryant’s eventual admission of sexual contact with his accuser, without acknowledging any guilt, defined him as being significantly less than heroic. Following the helicopter crash on January 26, 2020, which also tragically took the lives of his thirteen year old daughter and eight others, accolades and tributes fit for royalty came forth, mostly via Twitter, which is the national Town Crier for America 2.0.  Read More

02.01.20- More on the Coronavirus... a Real Simulation
Joseph P. Farrell

Earlier this week I blogged about the mysterious coronavirus outbreak in Communist China. I pointed out that in addition to the fact that the virus may have been stolen and weaponized by Chinese spies inside of Canada's National Micriobiology Laboratory, there is an additional "coincidence" in that the outbreak appears to have occurred during the height of the Chinese lunar new year, when many people in China travel.

But now, there's an even more uncanny resemblance between "simulation" and "reality", and a big thanks to all who found and shared this:  Read More

01.31.20- Savings vs. Money: Which Is More Important?
Frank Shostak

Conventional wisdom holds that savings is the amount of money left after monetary income was used for consumer outlays. Hence, for a given outlay, an increase in money income implies more savings and thus more funding for investment. This in turn sets the platform for higher economic growth.

Following this logic, one could also establish that increases in money supply are beneficial to the entire process of capital formation and economic growth. (Note: increases in money supply result in increases in monetary income and this, for a given consumer outlay, implies an increase in savings). Read More

01.30.20- A Date and Time for “Financial Armageddon?”
Brian Maher

Pete H. — a reader — gives us a good, round piece of his mind:

I have read your emails and joined some of your services over the last 10 or more years.

I have put up with your ramblings about the financial world coming to an end pretty much over that same time.

Here is a fact. Nothing has happened since and though no doubt it will one of these decades, if people had listened to you, they would have buried their money with zero return, unlike the markets, which continue to go up. Who cares how or whether it’s wrong or right? It still is going up.

After a while — I mean a long, long while — your dire warnings fall on deaf ears. So unless you can provide a date and time for financial Armageddon, I will continue to reap rewards from fools, be they the Fed, federal government or the debt-ridden world  Read More

01.29.20- Some Thoughts on Democracy and China
Hugo Salinas Price

Wise Aristotle placed “Democracy” in the category of “Worst Possible Political System”, some 2,300 years ago.

Today, Democracy has become the only accepted political system. All others are considered outrageous. This circumstance did not come about by itself, that is to say, in the course of a normal change in the flow of opinion among the nations of the world.

The United States was founded as a “Republic” not a “Democracy”. (Hardly anyone remembers that this was the theme of Bob Welch, founder of the “John Birch Society” back in the 1950’s.) Among those responsible for confusing the population of the USA into the acceptance of “Democracy”, we must point a finger at Franklin Delano Roosevelt, President of the USA from 1933 to 1945. Read More

01.28.20- How screwed up is the pension system
Simon Black

Late last year, the investment management giant Morningstar published a report concluding that most people can either save money for retirement, or save money for their kids’ education… but NOT both. They make the economic realities very clear: parents have to choose between their own future, or their children’s future. And one of the report’s lead authors went on to say that the RIGHT choice– the ONLY choice– is to choose your retirement over your kids:

“If you sacrifice your retirement savings to send your child to college, you’re making a huge mistake.” Read More

01.27.20- The Things We Believe That are Untrue
J. Kim

I’ve often spoken of, in this blog, in the many things we believe that are untrue. For example, many financial metrics in which we blindly believe, reported by the mainstream news, like inflation, GDP and unemployment statistics are patently false and not even close to being reflective of reality. This holds true not just in the financial world but also extends to many other beliefs that have been sold to us as facts in the academic setting, but simply are not facts. The things we believe that are untrue, depending on our critical thinking skills, may range from nearly all of, to the majority of, to the minority of our beliefs. Even societal constructs like institutional academics as the only viable choice for education can be a construct in which we believe that is patently not the best option for us.  Read More

01.25.20- Coronavirus Is Worse Than You've Been Told: Scientist Explains
Chris Martenson

View Video

01.24.20- UN Human Rights Ruling Says “Climate Refugees” Cannot be Returned back to Their Home Country — US Must Open Its Borders to All Central Americans
Jim Holt

The United Nations ruled that “climate refugees” cannot be returned back to their home countries. This ruling forces the United States to allow all Central Americans into our country.

Literally, anyone can claim the new refugee status.

This will essentially open US borders for good.

Now the left has combined open borders with junk science to create climate refugees. Read More

01.23.20- IMF warns of new ‘Great Depression’, Russia ahead of the curve due to increased cash & gold reserves
Bryan MacDonald

Last week, the IMF issued a stark warning about the global economy. While most large Western states are vulnerable to a new crisis, Russia has prepared its defenses.

Kristalina Georgieva isn’t any sort of conspiracy theorist; she’s the head of the International Monetary Fund. And when she warns that the global economy risks another “Great Depression,” you would think everyone would listen. Read More

01.22.20- One Of The Most Monstrously Evil Political Agendas Of All Time Being Unveiled By Democrats In 2020: The Impoverishment, Enslavement & Extermination Of Much Of The Human Race
William B. Stoecker

The environmental extremists continue to chant their monotonous mantra about the “existential threat” of man-made global warming, or climate change. Indeed, the climate is changing, and it has been changing for nearly four billion years. They recently began using an (apparently autistic) teenager as their spokes-mouth. Like all leftists they talk a good line, assuring us that they care deeply for wildlife, nature, clean air and water, etc. But it has long been obvious that their pretended concern for the environment is merely a cover for their real agenda, which is the impoverishment, enslavement, and eventual extermination of the human race. They are the ultimate “againsters,” people who pretend to be in favor of some noble-sounding cause, but who are really not for anything, only against. Read More

01.21.20- This IS Tomorrow: Gun Control Is A Tool Of Socialism
Al Benson Jr.

That a form of socialism is being foisted on the people of Virginia should come as no surprise. Socialism is an anti-Christ system that more folks need to understand.

If you look, over the years, at those who have promoted gun control, you find that the vast majority of them, Hitler, Stalin, Mao, Pol Pot, and a vast host of others, were socialists or communists of one stripe or another. Socialists usually have agendas that are not always wildly popular with those living under their regimes and so gun control is one way of “protecting lives” in such countries–socialist lives, nobody else’s because socialists don’t care about any lives but their own. 

That being the case, what we see now going on in Virginia is running true to socialist form. You have a newly elected socialist regime there that, in order to be able to fulfill its socialist agenda, feels the population at large would be better off without the dubious benefit of firearms to protect themselves from the gentle ministrations of the newly elected socialists. The socialists feel they are much safer if you are not armed! Read More

01.20.20- Remarks on the US/China “Trade Deal”
Paul Craig Roberts

The first thing to understand is that it is not a trade deal.  It is Trump backing off his tariffs when he discovered that the tarrifs fall on US goods and American consumers, not on China.  Trump is covering his retraction by calling it a trade deal.  China’s part of the deal is to agree to purchase the US goods that it already intended to purchase.

The purpose of tariffs is to protect domestic producers from foreign competition by raising the price of imported goods.  What Trump, his administration, and the financial press did not understand is that at least half of the US trade deficit with China is the offshored goods produced in China by such corporations as Apple, Nike, and Levi.  The offshored production of US global corporations counts as imports when they are brought into the US to be sold to Americans.  Thus, the cost of the tariffs were falling on US corporations and US consumers. Read More

01.18.20- What Will It Take to Get the Public
to Embrace Sound Money?

Brendan Brown

In the last decade, the combination of virulent asset price inflation and low reported consumer price inflation crippled sound money as a political force in the US and globally. In the new decade, a different balance between monetary inflation’s “terrible twins” — asset inflation and goods inflation — will create an opportunity for that force to regain strength. Crucial, however, will be how sound money advocacy evolves in the world of ideas and its success in forming an alliance with other causes that could win elections.

It is very likely that the deflationary nonmonetary influences of globalization and digitalization, which camouflaged the activity of the goods-inflation twin during the past decade, are already dissipating. Read More

01.17.20- The two best gifts to give your newborn child
Simon Black

A Japanese woman was surprised when Hong Kong Express Airways required her to take a pregnancy test before boarding her flight.

They made the poor woman sign a form indicating her body type was observed by staff to appear pregnant. The test proved she wasn’t.

The woman was traveling to Saipan, the largest island among the Northern Mariana Islands, a US territory.

Having a baby on the island gives the child automatic US citizenship. And in 2018, more tourists than residents gave birth on the Northern Mariana Islands. Read More

01.16.20- Debt and Inflation Are Bringing the Economy Down
Bill Bonner

BALTIMORE, MARYLAND – “Fed Adds $82 Billion to Financial Markets.” That’s the headline on page B12 of today’s Wall Street Journal, reporting on Tuesday’s Federal Reserve action. On Monday, the Fed added $60 billion.

This “repo madness” has been going on for four months.

It’s time to ask some questions…

From Theoretical to Desperate

Who is the biggest debtor in the world? Who is already scheduled to borrow another $20 trillion in the next 20 years? Read More

01.15.20- 7 Major Earth Changes That Are Happening Right Now
That Everyone Needs To Know About

Michael Snyder

There has never been a time in modern human history when our planet has been changing as rapidly as it is changing right now.  The sun is behaving very strangely, freakishly cold weather is breaking out all over the world, ocean temperatures continue to rise, volcanoes all over the globe are shooting ash miles into the air, Australia is experiencing the worst wildfires that they have ever seen, and the north magnetic pole has been moving at a pace that is deeply alarming scientists.  Could it be possible that all of this bizarre activity is leading up to some sort of a crescendo?

Sadly, most people don’t even realize what is happening, and that is because the mainstream media only emphasizes stories that fit with the particular narratives that they are currently pushing.

But it has gotten to the point where nobody can deny that really weird things are happening.  The following are 7 major earth changes that are happening right now that everyone needs to know about… Read More

01.14.20- Commercial Ammo: The Untold History of Springfield Armory and America’s Munitions Factories
Sam Jacobs

To understand how American citizens today can get their hands on ammo, which rolls off the same factory lines as those that supply the world’s largest militaries, it’s important to first understand how munitions technology developed. Starting in medieval Europe, on a battlefield where a mounted knight in armor could defeat almost any number of peasants, the development of more advanced and accurate ways to destroy enemy personnel and equipment by launching a projectile is one which combines trial and error, scientific ingenuity, and private enterprise. It’s a story of power and technology dating back to the 13th century, at the height of “the divine right of kings,” and tracks the subsequent diffusion of that power held by a chosen few as the individual became capable of breaking the state’s monopoly on violence.

The first recorded use of gunpowder appeared in Europe in 1247, although China had used gunpowder for centuries before that, mostly for fireworks. The cannon appeared nearly 100 years later in 1327, with a hand-sized version making its debut in 1364. The first ordnances were made of stone, and while it might have been theoretically possible for anyone to own one, this would have been outside the financial reach of anyone but the nobility. Read More

01.13.20- This Is What 'Diversity' Has Gotten You
Karl Denninger

You can't argue with the numbers.

The number of murders has gone up and down.  Note that the population of the United States has continually risen, so the number of murders, assuming that the rate per person remains the same, should be a continually-upsloping line growing at about 1% a year.

It isn't.  In fact the number of murder peaked around 1990.  It is materially lower now than then, despite all the screaming of the various scolds, and we're 20 years further down with more people in the nation.

However, what has changed is the clearance (that is, the number of people who murder and get caught) rate.

Why? Read More

01.11.20- Sanctuary Cities: A Battle Over the Second Amendment is Unfolding Across America
Dimitri Speck

The Second Amendment sanctuary city movement is growing and showing no signs of slowing down.

As Virginia’s new Democratic legislature promises gun control measures, the wives of National Guardsman are warning that impending gun legislation threatens to turn neighbor against neighbor.

As the 2020 Virginia legislative session began, Democratic Governor Ralph Northam and fellow Democrats continued their push for new gun control bills. In the months since a May 2019 shooting left 12 people dead and four others injured at a Virginia Beach municipal building, Democratic politicians have repeatedly expressed their desire to implement new restrictions such as universal background checks, a ban on certain weapons, and controversial red flag laws. Read More

01.10.20- Doug Casey on the Difference Between
a Whistleblower and a Rat

Doug Casey

International Man: There’s been a lot of talk from the political class about whistleblowers lately, but few have clearly defined what it means.

Webster’s defines a whistleblower as “one who reveals something covert or who informs against another.”

Doug, you’re a fan of using words correctly. What is your view on what a whistleblower is?

Doug Casey: The connotations surrounding the term “whistleblower” depend largely on who’s using it and the reason they’re using it. Let’s figure out the distinctions between a bunch of words that all mean the same thing—but have very different connotations.

In most contexts, a whistleblower is what school kids call a tattletale. Adults call them stoolpigeons, rats, finks, squealers, snitches, narcs, weasels, or the like. A whistleblower is not a good thing in normal society. Nobody likes an informer, even if they’re well-intentioned. Read More

01.09.20- Facts and Speculations – Next Decade
Gary Christenson

Breaking news: The impeachment circus continues, the trade deal is both off and on, tweets and Iran news move the market, S&P 500 Index hit new highs (thanks to central bank liquidity), and more of the same nonsense will unfortunately create more of the same.

WHAT HAPPENS TO PRICES NEXT DECADE—IN FIVE TO TEN YEARS?

What we know, think we know and speculation:

WHAT WE KNOW THAT HAS BEEN TRUE FOR MANY DECADES: Read More

01.08.20- Another Stupid War
Michael Krieger

All I wanted to do this week was work on part 2 of my localism series, but circumstances quickly got the best of me. The assassination of Iran’s top general Qassem Soleimani was an event of such historical significance, I feel obligated to detail my thoughts on what it means and how things unfold from here, especially given how much of a role geopolitics and questions of empire have played in my writings.

First off, we need to understand the U.S. is now at war with Iran. It’s an undeclared, insane and unconstitutional war, but it is war nonetheless. There is no world in which one government intentionally assassinates the top general of another government and that not be warfare. You can argue the U.S. and Iran were already engaged in low-level proxy wars, and that’s a fair assessment, but you can’t say we aren’t currently in a far more serious a state of war. We are. Read More

01.07.20- No, Jesus Wasn't a Socialist
Lawrence W. Reed

Christian charity, being voluntary and heartfelt, is utterly distinct from the compulsory, impersonal mandates of the state.

The claim that Jesus Christ was a socialist has become a popular refrain among liberals, even from some whose Christianity is lukewarm at best. But is there any truth in it?

That question cannot be answered without a reliable definition of socialism. A century ago, it was widely regarded as government ownership of the means of production. Jesus never once even hinted at that concept, let alone endorsed it. Yet the definition has changed over time. When the critiques of economists such as Ludwig von Mises, F. A. Hayek, and Milton Friedman demolished any intellectual case for the original form of socialism, and reality proved them to be devastatingly right, socialists shifted to another version: central planning of the economy. Read More

01.06.20- Our Real Existential Crisis - Extinction
Pat Buchanan

If Western elites were asked to name the greatest crisis facing mankind, climate change would win in a walk.

Thus did Time magazine pass over every world leader to name a Swedish teenage climate activist, Greta Thunberg, its person of the year.

On New Year’s Day, the headline over yet another story in The Washington Post admonished us anew: “A Lost Decade for Climate Action: We Can’t Afford A Repeat, Scientists Warn.”

“By the final year of the decade,” said the Post, “the planet had surpassed its 2010 temperature record five times.

“Hurricanes devastated New Jersey and Puerto Rico, and floods damaged the Midwest and Bangladesh. Southern Africa was gripped by a deadly drought. Australia and the Amazon are ablaze.”

On it went, echoing the endless reports on the perils of climate change to the planet we all inhabit. Read More

01.04.20- 3 Key Economic Trends to Keep Your Eye On in 2020

As we enter the year 2020 (and a new decade), it's important to keep in mind how long it has been since the last major recession started in the U.S. — more than 11 years now.

Since the economy generally operates in cycles, and the yield curve has already inverted, the next recession could be right around the corner. 

With that in mind, here are three "big picture" economic trends that you should keep an eye on in 2020: Read More

01.03.20- Iran, It’s Your Move – Trump’s Takedown Of Iranian General Qassim Suleimani Is Likely To Start A Global War
Michael Snyder

We just witnessed one of the most important deaths in the Middle East in decades.  Just hours ago, President Trump ordered the drone strike on Baghdad International Airport that killed Iranian Major General Qassim Suleimani and several other key officials.  Suleimani was the head of the Iranian Revolutionary Guard Quds Force, but even more importantly he was a huge national hero in Iran.  To describe this killing as “seismic” would not do it justice.  U.S. Senator Chris Murphy says that Suleimani was “the second most powerful person in Iran”, and elsewhere he is being described as “the most influential Middle East military official for decades”.  This is a major victory for President Trump and the U.S. military, but it also makes it much, much less likely that we are going to be able to avoid a full-blown war with Iran. Read More

01.02.20- Understanding The Keys To Power Will be a Survival Requirement for the Coming Decade
Adam Taggart

The past decade was undoubtedly shaped by the policy adopted by the global central banking cartel to flood the world with massive amounts of liquidity (over $15 trillion) to “rescue” markets following the Great Financial Crisis.

It’s becoming increasingly clear who benefitted most from this: the ultra-rich

As $trillions flowed into financial assets pushing them higher every year throughout the twenty-teens, those who owned those assets — disproportionately the very rich — saw their wealth soar. Read More

01.01.20- I, Who Vowed to Never-Ever Short Stocks Again, Just Shorted the Entire Market
Wolf Richter

In my decades of looking at the stock market, there has never been a better setup. Exuberance is pandemic and sky-high. And even after today’s dip, the S&P 500 is up nearly 29% for the year, and the Nasdaq 35%, despite lackluster growth in the global economy, where many of the S&P 500 companies are getting the majority of their revenues.

Mega-weight in the indices, Apple, is a good example: shares soared 84% in the year, though its revenues ticked up only 2%. This is not a growth story. This is an exuberance story where nothing that happens in reality – such as lacking revenue growth – matters, as we’re now told by enthusiastic crowds everywhere.

Until just a couple of months ago, the touts were out there touting negative interest rates soon to come to the US and thus making stocks the only place to be. Those touts have now been run over by reality. Now they’re touting QE4 by the Fed, or whatever. And people were looking for any reason to buy. Read More