05.11.21- Futures Flat As Soaring Commodities Depress Tech Stocks
Tyler Durdem

S&P futures started the weak flat with Nasdaq futures falling offset by surging commodity stocks as a new record in copper and iron ore prices stoked concern about whether inflation will derail a growth rebound in the world’s largest economy and spoil a record stock rally.  Metal producers were among the biggest gainers in premarket trading, with Freeport-McMoRan, Cleveland-Cliffs and United States Steel all up at least 3%. At 715 am ET, Dow e-minis were up 109 points, or 0.31%, S&P 500 e-minis were up 3.25 points, or 0.08%, and Nasdaq 100 e-minis were down 35.5 points, or 0.26%. Read More

And Now, for Something Entirely Different: How To Change Society, Reduce Population and Make a Fortune by Kill and Billinda Gates
Miles Adinolfi

Money laundering: The illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source…let’s say…divorce. 

When you’re the wealthiest guy in the world ($188.5 billion) but you can be linked to terrorist funding (Antifa/BLM), what do you do to protect your assets?  Read More

05.08.21- Weekend Rant:
The Coming IRS Reign Of Terror

James Bovard

The power to tax has long conferred the power to destroy political opponents. But in the glorious era of President Joe Biden, all previous cases of government abuse of power are being expunged, at least by the media and Biden supporters. That is why it is supposedly safe to vastly increase the power of perhaps the most feared federal agency, the Internal Revenue Service.  Read More

05.07.21- If We Are Experiencing Severe Shortages Now, How Bad Will Things Get When The Economy Starts Tanking Again?
Michael Snyder

Inflation and shortages are the two big stories for the U.S. economy this week.  In recent days I have done multiple articles about inflation, and so today I want to focus on the widespread shortages that we are currently witnessing.  At this moment, the U.S. economy is experiencing more shortages than it did at any point during 2020.  I know that statement sounds quite outlandish, but it is true.  During the early stages of the pandemic, there were temporary shortages of toilet paper, hand sanitizer and other items, but now there are severe shortages throughout many sectors of the economy, and quite a few of those shortages will not be so temporary. Read More

05.06.21- How Trillions in Newly Printed Money Created a Labor Shortage
Ryan McMaken

If you’re tired of binge-watching Netflix, there are likely a few restaurants in your neighborhood who would love to hire you. A job might help relieve the boredom.

On the other hand, why work when one can just be one of the more than 6 million former workers now collecting “pandemic unemployment insurance”?  Read More

05.05.21- Counting the Chickens Twice
John P. Hussman, Ph.D.

In the latter stage of the bull market culminating in 1929, the public acquired a completely different attitude to the investment merits of common stocks. Why did the investing public turn its attention from dividends, from asset values, and from average earnings, to transfer it almost exclusively to the earnings trend, i.e. to the changes in earnings expected in the future? The answer was, first, that the records of the past were proving an undependable guide to investment; and, second, that the rewards of offered by the future had become irresistibly alluring.
– Benjamin Graham & David L. Dodd  Read More

05.04.21- Why You Should Buy This Big Money “Tax Haven”
Jason Bodner

I’m not a fan of mass media. To me, it’s become more infotainment than information… And it’s easy to see why.

News organizations make money by selling ads. If no one sees them, they don’t get paid. And human beings are far more entertained by bad news stories than good ones. Hence there’s no shortage of dour subjects in the news – especially financial news… Read More

05.03.21- Is the US Economy a Virtual Reality?
Jeffrey A. Tucker

An owner of the bar explained to me that he has been closed for a full year and yet miraculously still survives, thanks to vast infusions of government money to cover his rent and upkeep and sustain essential employees. He is looking forward to reopening but is having a hard time finding employees. Many have moved to Florida. Others, he said, “are happy to live off government money rather than work.” 

His main puzzle is how it can be true that the government has the resources to sustain so many businesses in a full year of lockdowns. The money is falling like manna from heaven. Read More

05.01.21- Dr. Michael Burry Predicts The Downfall Of America via Hyperinflation

View Video

04.30.21- The economic consequences of bank credit contraction
Alasdair Macleod

As well as financing escalating government deficits, central banks face an additional problem of replacing contracting bank credit to the non-financial private sector if a slump is to be avoided. The problem comes at the worst possible time in the bank credit cycle, with commercial banks’ balance sheets as highly leveraged as they have ever been. Read More

04.29.21- The Stock Market’s Collapse is Near
Eric Hickman

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

Because stock market performance is an important factor in U.S. Treasury behavior, I study it closely. I wrote a paper in 2012 that, among other things, examined the consistency (or actually inconsistency) of long-term S&P 500 performance. Between our founder Robert Kessler’s indelible memory of slogging his way through the futile stock market of the 1960s and 1970s and my study of the long-term history of the S&P 500, you will see that the powerful up-trend of the last 12 years is not a comprehensive representation of the stock market. Read More

04.28.21- Exposed: The Myth of “Efficient Markets”
James Rickards

What took Wall Street so long to figure out something I’ve been saying for months?

Six months ago, even before the presidential election in November, I began warning my readers that Joe Biden was going to double the capital gains tax.

It wasn’t a difficult prediction. Biden said so himself in his campaign website as one of a long list of policy proposals. Read More

04.27.21- Waiting for the Last Dance
Jeremy Grantham

Executive Summary

The long, long bull market since 2009 has finally matured into a fully-fledged epic bubble. Featuring extreme overvaluation, explosive price increases, frenzied issuance, and hysterically speculative investor behavior, I believe this event will be recorded as one of the great bubbles of financial history, right along with the South Sea bubble, 1929, and 2000. Read More

04.26.21- Signs, Signs Everywhere...
Jim Quinn

“Fools, as it has long been said, are indeed separated, soon or eventually, from their money. So, alas, are those who, responding to a general mood of optimism, are captured by a sense of their own financial acumen. Thus it has been for centuries; thus in the long future it will also be.”

John Kenneth Galbraith, A Short History of Financial Euphoria

The signs of an epic bubble of historic proportions are everywhere. Read More

04.24.21- Inflation Outpacing Economic Growth, Threatens to Strangle
Fledgling Recovery

Peter Reagan

Could we possibly see official inflation top 10% over the coming months? Robert Wenzel seems to think so. (The official rate of inflation has already jumped from 1.7% to 2.6% just recently).

A quick look at ShadowStats reveals a rather dark state of affairs with “real” inflation (based on the pre-1990 official methodology) already topping 6% and rising fast. Read More

04.23.21- Amd Now, for Something Entirely Different: Not Dead Yet
Tom McAllister

As we approach the hundredth day of the Biden “presidency,” any logical, patriotic American has to wonder what more would someone do if they were trying to systematically destroy every ideal and virtue our nation has stood for in its history. From porous borders to suppressed citizen freedoms, unbridled spending yet throttled economic growth, inciting divisiveness while promoting untethered morality, our enemies must imagine themselves in an Old Milwaukee commercial, “It doesn’t get any better than this.”  Read More

04.22.21- American Businesses Can Be Woke, or They Can Be the Best,
but They Can’t Be Both

William Sullivan

“DE&I” (shorthand for “diversity, equity, and inclusion,”) is a handy acronym that has become commonplace in corporate America.  As recently as last May some of the hucksters peddling it were lamenting that the COVID-19 pandemic had “stalled” corporate DE&I initiatives; their fortunes reversed when the death of George Floyd and the ensuing riots drove DE&I to the top of American corporations’ list of priorities. Read More

04.21.21- It’s time to start thinking about inflation
Simon Black

In the year 215 AD, the young Roman Emperor Caracalla, then just 27 years of age, decided to ‘fix’ Rome’s perennial inflation problem by minting a brand new coin.

Caracalla’s predecessors over the previous several decades had ordered an astonishing debasement of Roman currency; the silver content in Rome’s ‘denarius’ coin, for example, was reduced from roughly 85% in the early 150s AD, to less than 50% by the early 200s. Read More

04.20.21- And Now, for Something Entirely Different: The Guns of April
Bob Moriarty

For anyone who needs an update on how World War I began, just read the headlines of today and change the names slightly. No one country actually started that war. The rulers of all of them did stupid things, one after another and all of a sudden the world was in flames. The same silly shit is happening today.

For those who wonder just how the American Empire is going to end, in a whimper or with a bang, we are about to find out. My bet is it’s going to be with a giant bang. But the empire is going to end post haste. How do I know? Let me count the ways. We have passed peak stupidity across the entire spectrum. Read More

04.19.21- Here’s When the Bull Market Ends
Brian Maher

The good news: this bull market will run for months and months.

The bad news: stock gains will be lean. The lion has already taken his bites.

This is the studied conclusion of crack financial journalist Mark Hulbert. He has ransacked market history and interrogated the data.

Stock market rhythms stretching to 1900 inform him that: Read More

04.17.21- U.S. Financial Markets Have Become A Giant Mirage Built On A Foundation
Of Fraud

Michael Snyder

Would you pay more than 100 million dollars for a single deli in rural New Jersey that had less than $36,000 in sales during the last two years combined?  I know that sounds like a completely ridiculous question, but the stock market apparently thinks that deli is worth that much.  On Thursday, the Dow Jones Industrial Average closed above 34,000 for the first time in history, and investors all over the country cheered.  But this financial bubble is not real.  It is a giant mirage that is built on a foundation of fraud.  Investors have lost all touch with reality, and in this sort of euphoric environment a small deli in rural New Jersey can literally be valued at more than 100 million dollars.  Read More

04.16.21- And Now, for Something Entirely Different: COVID Propaganda Roundup:
FBI Announces Plan to Prosecute Americans Using Fake ‘Vaccine Certificates’

Ben Bartee

The latest updates on the “new normal” – chronicling the lies, distortions, and abuses by the ruling class.

Fashionistas Now Marketing ‘Designer Face Masks’

If you thought the world of fashion couldn’t get more soulless and vapid, the trendiest designers deliver their answer: Read More

04.15.21- Archegos & Credit Suisse -
Tip of the Iceberg

Egon von Greyerz

Bill Hwang, the founder of the hedge fund Archegos that just lost $30 billion, probably didn’t realise when he named his company that it was predestined for big things.

Archegos is a Greek word which means leader or one who leads so that others may follow. Read More

04.14.21- Final Nail in the Coffin
Jim Rickards

The stock market was down today, but it’s still trading at record highs. The mainstream financial media will tell you it’s because the market is anticipating a robust recovery as the economy continues to reopen and vaccination numbers grow.

But don’t buy into the happy talk that all is well with the U.S. economy.

The unemployment rate has indeed dropped. But initial unemployment claims are on the rise again. That’s a trend that will show up as weaker job creation in the months ahead. Read More

04.13.21- Investment Guidelines For The Zeitgeist Market
Bill Blain

“Beer is proof God loves us.”

The outlook for the UK looks rosier as pubs reopen, vaccinations beat targets, and the economy grows. But, how should investors be looking at markets when financial assets already look overpriced, and there are clear bubble risks ahead? It’s a matter of staying calm, reading the runes and understanding the markets new mindset! Read More

04.12.21- Financial Tyranny: Footing the Tax Bill for the Government’s Fiscal Insanity
John Whitehead

“We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.”—Herbert Hoover

We’re not living the American dream. We’re living a financial nightmare.

The U.S. government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones who will be forced to foot the bill for the government’s fiscal insanity. Read More

04.12.21- Financial Tyranny: Footing the Tax Bill for the Government’s Fiscal Insanity
John Whitehead

“We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.”—Herbert Hoover

We’re not living the American dream. We’re living a financial nightmare.

The U.S. government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones who will be forced to foot the bill for the government’s fiscal insanity. Read More

04.10.21- We’re In Uncharted Territory
Adam Taggart

Financial crisis expert Bethany McLean warns of today’s precarious level of risk

Investigative journalist Bethany McLean is an expert on crisis.

She has written New York Times best-selling books on the collapse of Enron (The Smartest Guys In The Room) as well as the mortgage industry and Wall Street abuses that led to the 2008 Great Financial Crisis. Read More

04.09.21- And Now, for Something Entirely Different: You Can Ignore Reality But You Can't Ignore the Consequences of Ignoring Reality
Jeff Berwick

Welcome to the Twilight Zone.

Where a former Pfizer VP admits that it is “entirely possible this [the vaccine] will be used for massive-scale depopulation”. 

And where  parents wrap themselves and their children up in plastic in a form of legalized Munchausen by Proxy, and it’s not considered child abuse, but rather SAVING LIVES!  Read More

04.08.21- Inflation Watch: The U.S. Has Spent $10 Trillion in the Last 12 Months
Graham Summers

This is:

  1. Equal to the GDPs of Japan, Germany and the U.K. combined.

  2. More than the U.S. has spent during the last FIVE recessions combined.

  3. More than the combined annual wages of all Americans.

Read More

04.07.21- Archegos: Snowflake That Triggers the Avalanche?
Jim Rickards

Archegos was not a household name until about two weeks ago when it made headlines all over the world.

Archegos Capital Management is a family office controlled by Bill Hwang, a former hedge fund trader. Family offices can be conservative in their investment approach, but they can also be as highly leveraged and as risky as any hedge fund, or even more so. It’s up to the person managing the family office. Read More

04.06.21- Big Debt Plus Rising Interest Rates = Big Danger
Doug French

If there is anything Wall Street banks crave is relief. Primarily relief from the potential for failure and, next, relief from holding much, if any, equity capital. These banks like their capital tiny and their profits huge. Losses should be socialized. After all, we want the ATMs to keep spitting out cash. Read More

04.05.21- (Inflation Trick) The Indicator that Actually Matters
Marin Katusa

The outcome leaves you baffled and confused…

No matter the language or culture, magicians have performed sleight of hand tricks to wow audiences around the globe for centuries.

The magician’s goal is to reveal a chosen reality to the audience, while concealing the real methods and actions that bring the magic trick to life.

Two important factors play into sleight of hand… Read More

04.03.21- Just Before the 'Everything' Bubble Explodes: Stock Market Mania in 2021
Peter Reagan

Is the market going insane? Is an enormous “everything bubble” — inflated with cash flowing into overvalued investments — headed for a historic explosion? Is the market in a “mania” phase right now?

With every passing day, it’s getting more challenging to answer “no” to any of these questions.  Read More

04.02.21- 2021 will be year of 'robust growth', but who benefits?
Mark Skousen

View Video

04.01.21- Joe Biden and the new era of big government
Michael J. Kosares

They’ll print money until they run out of trees.”
Jim Rogers, investor and financial commentator

Bridgewater’s Dalio says stay clear of bonds, buy ‘stuff’

For many, the above headline accompanying a recent Financial Times “Big Read” will be welcome news. For others, it will serve as a warning. FT says the Biden administration’s economic program “echoes” Franklin Delano Roosevelt’s New Deal and Lyndon Johnson’s Great Society. “The passage of the [stimulus] bill in a deeply divided Congress…,” explains FT, “has a much broader significance.  Read More

03.21.31- How to Be an Anti-Authoritarian
Barry Brownstein

Freedom is declining in America and around the world. Even more alarming is how few people oppose new authoritarian measures. 

Glenn Greenwald has sounded the alarm about ongoing attempts to curtail the First Amendment. Recently Greenwald described his experience as he listened to the “tyrannical goal” expressed at a Congressional hearing: “Words cannot convey how chilling and authoritarian this all is: watching government officials, hour after hour, demand censorship of political speech and threaten punishment for failures to obey.” Read More

03.30.21- 20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
James Wesley Rawles

Interest rates have been kept artificially low since 2007. What we are witnessing now (in early 2021) is an understandable rebound. Some analysts suggest that it might herald a repeat of the 1945-to-1981 interest rate wave. That wave was triggered by currencies and banking detaching themselves from precious metals. (First silver, and then gold.) The 1971 to 1981 period, in particular,  was quite traumatic. A similar, but a probably much smaller wave of interest rate hikes will be triggered by global financial markets detaching themselves from the U.S. Dollar as a reserve currency, adopting sovereign digital currencies. Read More

03.29.21- Brace, Brace, Brace
Bill Blain

“The supreme art of war is to subdue the enemy without fighting.”

You could not make this up; an unimaginably complex WW3 Techno-thriller unfolding as markets stumble and global supply chains hover on the edge of anarchy. On the other hand, maybe that’s just the way it was planned.

I am not one for conspiracy theories. But… this morning… If I was a writer of trashy global-techno-World War 3 pulp fiction, and proposed the following scenario where the global economy lurches into an unprecedented period of instability – nobody would believe me: Read More

03.27.21- The Mainstream’s Got It Wrong
Jim Rickards

Gold has taken a hit this year, no doubt about it. Since peaking over $1,950 in early January, the price of gold has fallen to $1,725 today.

But not all is doom and gloom. Some perspective is needed. If we go back to the beginning of the current bull market on December 16, 2015 (when gold bottomed at $1,050 per ounce), gold is up over 60% even at today’s beaten-down price. Read More

03.26.21- Suez Canal Crisis Morphs Into Global Supply Chain Wrecking Ball
Tyler Durden

The world got another wake-up call this week about the overreliance on complex, just-(not)-in-time global supply chains. As of Friday, the massive containership, "Ever Given,"remains stuck in the canal, unable to be refloated, paralyzing the world's most important shipping lane. Ever Given is one of the world's largest containerships, with approximately 20,000 shipping containers of goods, and it has paralyzed one of the world's most importantly shipping lanes - a vital linkage between Asian factories and customers in Europe and the US.  Read More

03.25.21- What Trump Derangement Syndrome Has Wrought
Lauri B. Regan

At less than 100 days in, Trump-haters have imposed growing disasters on the country. Trump-hating voters cared about one thing and it wasn’t the success of Operation Warp Speed, a strong economy, or peace in the Mideast. Bad Orange Man must go, the country, our kids’ and grandkids’ futures be damned. And we reap what we sow. Read More

03.24.21- And Now, for Someting Entirely Different: Sen. Kennedy... We don't need more gun control, we need more idiot control
Jeff Poor

Senator John Kennedy (R-LA) questioned the wisdom of a push by congressional Democrats to enact legislation in the immediate aftermath of a tragic shooting in Boulder, CO earlier this week.

Kennedy suggested Democrats were using this moment to enact gun control because he did not think they believed in the Second Amendment as interpreted by the federal government. Read More

03.23.21- And Now, for Something Entirely Different: The End of America?
Naomi Wolf

In 2008, I wrote a book, The End of America: Letter of Warning to a Young Patriot. I warned, based on my study of closing democracies in 20th century history, that America needed to beware of a slide toward totalitarianism.

I warned that would-be tyrants, whether they are on the left or the right, always use a map to close down democracies, and that they always take the same ten steps. Whether it’s “Invoke a Terrifying Internal and External Threat,” “Create a Thug Caste,” “Target the Press,” or the final step, “Suspend the Rule of Law,” these steps are always recognizable; and they always work to crush democracies and establish tyrannies. At that time, the “global threat” of terrorism was the specter that powers invoked in order to attack our freedoms. Read More

03.22.21- You Say You Want a Financial Crisis?
Tom Luongo

I don’t know what’s more ludicrous at this point, the amount of central bank intervention or the whining from the markets that there isn’t enough.

We’re headed for the mother of all financial crises and from my chair I can’t for the life of me understand how so many smart market analysts can’t see the way it’s being engineered right in front of their eyes. Read More

03.20.21- Just Before the “Everything” Bubble Explodes: Stock Market Mania in 2021
Birch Gold Group

Is the market going insane? Is an enormous “everything bubble” – inflated with cash flowing into overvalued investments – headed for a historic explosion? Is the market in a “mania” phase right now?

With every passing day, it’s getting more challenging to answer “no” to any of these questions. Read More

03.19.21- And Now, for Something Entirely Different: Children Fined $436, Required to Work it Off at $10/Hour for Missing Online Classes
Matt Agorist

Manitowoc, WI — Over the last decade, TFTP has been reporting on the encroachment of the police state into the public education system. As we previously reported, schools across the country are increasingly hiring police officers to do the job that teachers and guidance counselors once did. This is resulting in the criminalization of childhood as well as increased police violence against children. This tendency of of school systems to rely on the police state has increased in the last 12 months thanks to the COVID-19 pandemic, and the following scenario in Wisconsin shows exactly how bad it’s getting. Read More

03.18.21- “An Incredibly Important
Turning Point”

Brian Maher

Fact #1: Reams of stocks have been trading at 52-week highs.

Fact #2: Reams of stocks have been trading at 52-week lows.

Not since 1984 — the year not the book — has the stock market manifested such violent schizophrenia. Read More

03.17.21- It Is Time To Remove The Debt Barrier To Economic Growth
Paul Craig Roberts

Out of habit, American economists worry about federal debt. But federal debt can be redeemed by the Federal Reserve printing the money with which to retire the bonds.  The debt problem rests with individuals, companies, and state and local governments.  They have no printing press. We have explained that the indebtedness of the population means there is little discretionary income with which to drive the economy.  The offshoring of middle class jobs lowered incomes, and after paying debt service—mortgage interest, car payments, credit card interest, student loan debt—Americans’ pockets are empty. Read More

03.16.21- How A Small Rise In Bond Yields May Create A Financial Crisis
Daniel Lacalle

How can a a small rise in bond yields scare policymakers so much?

Ned Davis Research estimates that a 2% yield in the US 10-year bond could lead the Nasdaq to fall 20%, and with it the entire stock market globally. A 2% yield can cause such disruption? How did we get to such a situation? Read More

03.15.21- Brace Yourselves For The Most Dramatic Shift In The Standard Of Living
In All Of U.S. History

Michael Snyder

They are assuring us that we don’t have to be concerned about “inflation” because they have everything under control.  Do you believe them?  The value of the U.S. dollar has been steadily declining for a long time, and most Americans have grown accustomed to having the cost of living rise at a faster pace than their paychecks do.  But over the past 12 months an enormous paradigm shift has begun.  Instead of devaluing our currency a little bit at a time, now our leaders are going “full Weimar”.  Read More

03.13.21- Rigged To Fail: From Lies To Populism, From Musk To Powell
Matthew Piepenburg

For quite some time we have been warning about the oncoming shark fin of rising yields and rates.

As of this writing, one can almost hear John Williams’ orchestral theme song to Jaws ringing in the ears.

The Slow Creep

Mortgage rates in the U.S. have hit 3%, dramatically curtailing mortgage re-fi’s. Read More

03.12.21- What's Behind The Latest Bond Rout, And Where Does It End: BMO Explains
Ian Lyngen

Treasuries are under meaningful pressure as the 1.624% yield peak in 10s comes into range. There was no definitive trigger other than the usual suspects of reopening optimism, supply indigestion, and SLR expiration jitters. To this latter concern, the most recent primary dealer holdings data as of March 3rd revealed a record $64.7Bn decline in Treasury holdings to $185.8 bn. It’s worth noting that -$23.5 bn of this was in the bill sector and -$3.7 bn in floating rate notes; that said, notes and bonds were also reduced. However, given the preceding spike in yields and the fact these figures are reported in market value rather than par terms, the drop reflects more than simply dealers aggressively shedding Treasuries as the extension of SLR became less certain. Read More

03.11.21- Too Busy Frontrunning Inflation, Nobody Sees the Deflationary Tsunami
Charles Hugh Smith

Those looking up from their “free fish!” frolicking will see the tsunami too late to save themselves.

It’s an amazing sight to see the water recede from the bay, and watch the crowd frolic in the shallows, scooping up the flopping fish. In this case, the crowd doing the “so easy to catch, why not grab as much as we can?” scooping is frontrunning inflation, the universally expected result of the Great Reflation TradeRead More

04.10.21- The Summer 2020 Turning Point for the U.S. Economy
Bill Bonner

YOUGHAL, IRELAND – Over the weekend, the Senate passed the $1.9 trillion COVID-19 boondoggle. And the U.S. 10-year Treasury note – the bedrock of the entire American capital structure – now trades at more than three times the yield it had last August.

There are two overlapping narratives to explain the rise in bond yields. The one favored by Wall Street and Washington is that the economy is entering a fantastic growth phase… with businesses borrowing heavily to keep up with expanding demand (thus pushing up yields). Read More

03.09.21- Betting The Farm On Moonshots
MN Gordon

Ashley Revell of London had a mad itch he needed to scratch.

The year was 2004.  The initial tickle came from a casual drinking conversation with a friend.  Revell couldn’t let it go.

The idea, in short, required Revell to liquidate all his possessions, travel to Las Vegas, and ‘bet it all’ on one spin of the roulette wheel.  The idea was sheer lunacy.  Yet Revell was just crazy enough to go through with it. Read More

03.08.21- And Now, for Something Entirely Different: If You Need to Move Before Everything Hits the Fan, You Need to do It Now
Michael Snyder

Enjoy this brief period of relative stability while you can, because it won’t last.  I have been sitting here searching for the right words for this article, and I hope that I can accurately convey the urgency of this hour to all of you.  Following the election of Joe Biden, there appears to be a bubble of hope in the United States.  Short-term economic conditions have stabilized a bit, the COVID pandemic seems to be subsiding, and many are hoping that life will “return to normal” this summer. Read More

03.06.21- When Yields Rise, Narratives Fall
Tom Luongo

The big story of the past couple of weeks is rising bond yields. Everyone’s talking about it. Everyone’s got a theory about it. Even me.

Why are yields rising?

What does rising yields mean?

But, to this point I’ve kept my mouth mostly shut on this, at least in public. I reserve my gut reactions for my Patrons, giving us the opportunity to work through ideas. Read More

03.05.21- Stock Market as Forward Looking
as a Caboose

David Haggith

“Remember that the market is a forward-looking indicator. Ideally, it is pricing in the gains of the next six to 18 months.” (Seeking Alpha)

Famous last words again and again. That sunny advice about today’s overpriced market was repeated again about a week ago. It is the same excuse that was routinely deployed at the beginning of this rally back in April and May and especially in June and July as the market recovered most of its losses in spite of all the gloom. “These prices are justified,” they said, “because the all-wise market looks forward six months or more, and by the start of 2020, the economy will have almost completely recovered.”Read More

03.04.21- Fuel Prices Are About to SKYROCKET: Here Are the REAL Reasons Why
Robert Wheeler

After a brief break in high fuel prices, those prices are now rising with a vengeance. Fuel prices are up more than 25 cents a gallon nationwide in the last month alone and are now at an average of $2.68 a gallon for regular. It’s only going to get worse.

Fuel prices are spiking…or will soon.

Fuel prices are expected to spike in the coming weeks and even more this summer. Read More

03.03.21- Investors Gamble Their Money Away on Profitless Companies
Bill Bonner

The gambling goes on. The stakes get higher.

You’ll recall that “inflation” refers to additions to the money supply. When you have a gold-backed system, you can’t really inflate the money supply, because you can’t easily get your hands on more gold.

Typically, the amount of gold above ground increases at about the same rate as the goods and services it is meant to represent. That’s why prices today – in gold terms – are not so different from those 1,000 years ago (with a generous and elastic allowance for technological improvements). Read More

03.02.21- Sugar Rush! Why The Economy Will Run Hot, Then Crash
Lance Roberts

The expected “sugar rush” from more stimulus is why the economy will “run hot” then crash. As every parent knows, giving a child too much “sugar” leads to a “rush” of energy. Then comes the crash, where you find them in some odd place taking a nap.

The Coming Economic “Rush” Read More


03.01.21- Dr. Copper Signals Bull Market is On
Marin Katusa

There’s no better barometer of economic health than Copper.

This is where it gets the nickname, Doctor Copper.

Just over a year ago our models and data were flashing major warning signs in the market, with Copper the main focus.

We took those warnings seriously and cautioned readers. Read More


02.27.21- Beanie Baby Flashbacks
Joshua M Brown

Calm down.

Everything going on in the world right now is just one big trade – an implicit bet that current cashflows will not matter to investors and the risk-free rate has vanished to zero forever. So long as there is no yield on cash or treasury bills and bonds, everyone will be willing to invest on spec – there’s a consensus, almost religious, belief that a new buyer is destined to come along later at an even higher price for just about anything you can purchase.All of these investments have different categories or names or classifications but they’re all one bet. A greater fool bet. So far, that bet’s been paying off. I’ve benefited too, so no animosity intended. Read More


02.26.21- America’s Problems Are Not Capitalism’s Fault
Bill Bonner

Oh my… Capitalism has failed.

You hear it shouted from the rooftops. It is on every pair of lips… and in every journal, newspaper, website, opinion piece, hard fact, and scurrilous innuendo in the media.

Even the Chinese are getting in on the act. Here’s the U.S. Sun:

CHINA has taunted the United States over the Texas winter storm blackout as a “failure of capitalism” that is affecting “desperate” Americans. Read More

02.13.21- Missouri County Sheriffs Will Arrest Feds Who Violate Second Amendment
Under Biden

Gabriel Keane

Unconstitutional gun control measures pushed by all three branches of federal government are ruled null and void in Newton County

The Commission of Newton County, Missouri passed legislation in February that will empower local law enforcement officials to arrest federal agents who attempt to violate the Second Amendment rights of citizens within the county. Read More

02.12.21- Public Servants or Parasites?
John Greenville

I have a question.  When did politicians and federal employees start calling themselves “public servants”?  Even more importantly, why are we letting them?  It’s almost as if they’re trying to claim the mantle of nobility for making a sacrifice in the public interest.  But I don’t understand what that sacrifice is.  They’re paid better and have better benefits than most private-sector employees.  They’re rarely held accountable for their performance.  Why do we treat them as if they’re serving a higher calling than any other profession in the country? Read More

02.11.21- The Dystopian Bubble: George Orwell Meets Charles Mackay
Kevin Duffy

“Threats to freedom of speech, writing, and action, though often trivial in isolation, are cumulative in their effect and, unless checked, lead to a general disrespect for the rights of the citizen.”

~ George Orwell

In early December I asked Jim Grant how to reconcile exuberant financial markets with economic reality that reads like dystopian fiction. He responded, Read More

02.10.21- With Apologies to Drunken Sailors Everywhere. . .
Simon Black

The year was 1977.

Disco was in. Star Wars was the biggest movie of the year. The world’s first personal computer was announced– the Commodore PET, which came with 8 kilobytesof memory.

And the Gross Domestic Product of the United States reached $1.9 trillion– more than double what it had been just ten years prior. Read More

02.09.21- Cancelling the Land of the Free
Donald Jeffries

Things are moving at a warp speed in post-Trump America. The Giant Orange Man served at least one important purpose, and that was to impede the progress of the rabid virtue signalers who have taken over every part of our society. Now he’s gone, banished to Mar-a-Lago land, and the bullies who wanted to take our lunch money no longer have to fear our imperfect but large older brother. Read More

02.08.21- The Last Time the D.C. Establishment Labeled its Political Opposition as “Insurrectionists” (And How It Taught Them About “National Unity”)
Thomas DiLorenzo

The Washington establishment, led by a senile 78-year-old man who can barely speak in complete sentences and seems permanently fighting mad, is hell- bent on labeling virtually all Americans who voted for President Trump –Republicans, Independents, and Democrats — as “insurrectionists.”  They have invoked the Insurrection Act of 1807 to justify placing thousands of heavily-armed National Guard (and other) troops in Washington, D.C., who appear to be stationed there indefinitely. Read More

02.06.21- Living Off Grid As The Collapse Of Society Approaches: “Why Aren’t More People Doing This?”
Michael Snyder

You don’t have to be a cog in the system.  For most of us, the only option that was presented while we were growing up was to get on the hamster wheel and run as fast as we could.  You know what I mean – go to school, get a job, pay a mortgage, prepare for retirement, etc.  But it doesn’t have to be that way.  If you truly want to unplug from the system and live your life off the grid, you can.  Of course it isn’t easy, but nothing in life really worth doing ever is. Read More

02.05.21- The Aftermath of the GameStop Short Squeeze
Bill Bonner

Let us not, in the pride of our superior knowledge, turn with contempt from the follies of our predecessors. The study of the errors into which great minds have fallen in the pursuit of truth can never be uninstructive.

– 19th-century Scottish author Charles MacKay

WEST RIVER, MARYLAND – As you know, Dear Reader, we live in an Age of Miracles. Read More

02.04.21- How to Protect Your Local Economy From the Great Reset
Brandon Smith

Over the years, I have written extensively about the concept of economic “decentralization” and localization, but I think these ideas are difficult for some people to visualize without proper motivation. By that I mean, it’s not enough that the current centralized model is destructive and corrupt; it has to start breaking down or show its true totalitarian colors before anyone will do anything to protect themselves. Read More

02.03.21- Do You Trust the Government, or Do You Have a Plan B?
Joe Jarvis

Things I trust more than the government: a Facebook ad promising me a free weekend in Lithuania.

The year was 2016 and I was a starving artist, writing and living in a travel trailer on my sister’s property in rural Florida.  Read More

02.02.21- These Are The Shadowy New York Financial Institutions That Forced Robinhood To Restrict Trading In Certain Stocks
Michael Snyder

Have you ever heard of the Depository Trust & Clearing Corporation?  What about Cede and Company?  If those names are foreign to you, then you don’t really understand how the core of our financial system really works.  A lot of people are blaming Robinhood CEO Vlad Tenev and the heads of other major trading platforms for the stock trading restrictions that we witnessed last week, but it was actually the DTCC that suddenly jacked up deposit requirements ten-fold.  Robinhood and other trading platforms were put in a vise-like grip, and they had no choice but to act.  Read More

02.01.21- The Stock Market, Fatally Wounded by the Truth, Will Stumble and Crash
Charles Hugh Smith

It didn’t have to be this way, but this is the reality we must now face: truth is fatal to fraud, and our entire financial-political system is a fraud.

The stock market has just been punctured by the thin blades of truth. It is fatally wounded but nobody dares notice. The wounds are barely visible, but the internal damage is mortal. The stock market is already stumbling and will soon crash. Read More

01.30.21- This Potentially Catastrophic Inflation Surge Slipped Under the Radar (Until Now)
Birch Gold Group

You’ve read about housing market bubblesstock bubbles, and even credit bubbles. But the next bubble you’re about to discover could be even more dangerous, and may have even more far-reaching consequences.

It’s called a food price bubble, and it’s been inflating under our noses since March 2020. You can also see the dangerous trajectory it’s on compared to three previous years in the FAO chart. Read More

01.29.21- Dijjywan—Dijjydo or Dijjydon’t?
Fred Reed

Questions for My Betters

China is now vigorously testing a digital yuan and threatens to have it ready for prime time for the 2022 Winter Olympics. This seems, to me anyway, important. It will be a real, workaday yuan, not a speculative cryptocurrency like Bitcoin. It will use a digital wallet via a cellphone app, and will not require an internet connection. Beyond this, I know about it only what I read, which may be wrong. To avoid endless qualification, I will write the following as if it were fact, but really I mean it more as an extended question. Any correction, amplification, or thought will be welcome. Read More

01.28.21- Revenge: An Internet Mob Is Turning The Stock Market Into “A Video Game”, And The Establishment Is Freaking Out
Michael Snyder

Retail investors have banded together to turn over the tables on Wall Street, and it has created a wild frenzy that is making headlines all over the globe.  Unprecedented short squeezes have pushed the share prices of GameStop, AMC, Macy’s and BlackBerry to insane heights, and prominent voices in the financial world are complaining that trading in those stocks has become completely divorced from the fundamentals.  In fact, these young retail investors are actually being accused of turning the market into “a video game”. Read More

01.27.21- Protecting My “Extremist” Content From Censorship
Joe Jarvis

I consider the author Neal Stephenson a visionary. For example in his 1999 novel Cryptonomicon, he essentially describes a Bitcoin type cryptocurrency, almost a decade before it existed.

In a past video, I described his idea in The Diamond Age of “distributed governments” which provide insurance-like services to customers, regardless of the geographic area they live in. Customers were free to choose their own government, or go without one. Read More

01.26.21- For Conservatives, Our Republican “Allies” Are Far More Dangerous Than Our Leftist Enemies
Mike Ford

We have spent a lot of time going back and forth about what our enemies in the Democrat Party are attempting to do. Make no bones about it gang, they are in no way any sort of loyal opposition. They are the enemy of all things American. They continue not only to support the downright evil policy of murdering and dismembering unborn babies in the womb, disproportionately those of minorities (genocide anyone?) but they also support the admission of mentally/emotionally disturbed males into female locker rooms to sexually prey on under age children. Read More

01.25.21- If "Facebook Is Private", Why Are They Feeding Users' Private Messages
Directly To The FBI?

Matt Agorist

Despite decrying censorship when it was happening to them last year, when Donald Trump was banned from Twitter and Facebook earlier this month, the left praisedthe move by big tech. “Facebook is a private company and can do what they want,” the pro-censorship hypocritical crowd chanted ad nauseum through the digital ether after bad orange man was silenced. But as we have said time and again, Facebook being private is simply not true. Read More

01.23.21- Biden’s Presidency Will Be A Catalyst For Secession – And Perhaps Civil War
Brandon Smith

Over the past few months I have written a handful of articles which discussed what would probably happen if Joe Biden actually entered the White House and launched his administration. My initial belief was that Trump would refuse to concede and that this would be a trigger for national chaos blamed on conservatives, but I have also noted that Biden’s entry is almost just as disruptive, as it sends a signal to the political left that it is “open season” on anyone that disagrees with their ideology. Read More

01.22.21- Growing Vegetables Is Back in Style: Here’s How to Start Planning Your Garden
Daisy Luther

Whether you celebrate St. Bridget’s Day, Candlemas, Imbolc, or Groundhog Day, February 2 is coming up. For those of us active in gardening and raising animals in the Northern hemisphere, this means it’s time to think about spring. And that means garden planning!

The pandemic has caused one very positive resurgence: growing food is back in style and no longer the purview of hippies or those crazy preppersRead More

01.21.21- Low Rates and Limited Liability
Mean Hot Markets

Doug French

The taxpayer is backstopping more credit risk than ever…

What clear-eyed mortgage underwriter would sign on to a thirty-year loan at less than 3 percent? After all, in Las Vegas, for instance, the unemployment rate in November was 11.5 percent, second highest in the country. The city’s main engine, tourism, has been stymied by covid. But, as if there were nothing wrong, nothing to see, or no risks to consider, new home sales are on the verge of being the highest in 2020 since the historic housing-boom year of 2007. Read More

01.20.21- How soon will the Left eat their own?
Jon Rappoport

Hey. I’m always here to offer advice to the Left, to make their road smoother, to point them in the direction of fellow travelers they should cancel for deficiencies of “wokeness.”

Let’s start with the issue of GMOs, poisonous Roundup, and Monsanto (now swallowed up by Bayer). Read More

01.19.21- Will Biden and Obama be executed for TREASON?
State of the Nation

While Italy did the dirty deed, Obama and Biden were the top-level operational criminal co-conspirators who cooked up and funded the election theft. Of course, they were directed by their Jesuit handlers in the Vatican, who were in turn commanded by their their well-hidden masters in the Italian Black Nobility. Which is precisely why this election theft essentially took place in Italy. But it was the Khazarian Mafia, as always, that issued the order.

The verdict is in. Read More

01.18.21- Here It Comes
Brian Maher

These were spending estimates for Mr. Biden’s proposed “vaccination and economic rescue legislative package.”

Our spies have spent days sleuthing for the correct figure. But they too heard conflicting whispers. They expressed the most confidence in CNN’s crystal gazing.

They were correct… evidently. Read More

01.16.21- Signs and Wonders
James Howard Kunstler

In case you don’t know what condition our condition is in, the name for it is a crisis of legitimacy. Four years of seditious harassment by a “Resistance” within-and-without the US Government culminates in the janky election of a mentally incapable grifter… run by whom? Does anyone seek to know who, exactly, is pulling Joe Biden’s strings? My guess would be…duh… Barack Obama and his posse. When will he be outed? Maybe today… or next week at the latest. Heads will explode to see liberalism’s bowling trophy fall off the national mantelpiece. If you think Nancy Pelosi is running around in a hebephrenic fugue state now, just wait.  Read More

01.15.21- The Destructive Force
and Failure Of QE

Alasdair Mcleod

This article concludes that quantitative easing as a means of stimulating economies and financing government deficits will fail. The underlying assumption is that the transmission of additional money to non-banks in order to inflate financial assets, and to banks to cover government finances, will become too great in 2021 for it to succeed without undermining fiat currencies and financial markets. Admittedly, this opinion stands in stark contrast to the common Keynesian view, that once covid is over economies will start to grow again. Read More

01.14.21- One of the Greatest Economic Blunders in History
Jim Rickards

The U.S. economy lost 140,000 jobs in December. Only about 55% of the jobs lost in March and April have returned. That’s a significant number.

Americans and others around the world who make their living as bus drivers, bartenders, waiters, hair stylists and boutique store clerks, among thousands of other jobs, make up 50% of all jobs and 45% of U.S. gross domestic product. Read More

01.13.21- Storming Into America 3.0
Donald Jeffries

I thought America 2.0- the authoritarian mess which evolved out of the 9/11 false flag- was bad. It made those of us old enough to have lived most of our lives in America 1.0 long for the days of a better looking, more competent corruption. 2020, with a deadly virus that had the beneficial effects of eliminating both the threat of terrorism and the common flu, and an unconstitutional lockdown accompanying it, was only the beginning. Read More

01.12.21- How To Lose Weight
Adam Taggart

Health is the best investment you can make in 2021

If you’re like most of the people around the world who had their lives rocked by the COVID pandemic, staying healthy in 2021 is likely one of your resolutions for the coming year.

And if so, ‘losing weight’ is probably on your list. Read More

01.11.21- The Capitol:
So Much Susupicious Evidence

William L. Gensert

It’s our own fault.  We allowed Twitter, Facebook, and Instagram to control the narrative while Google controlled the answers to any questions.

They now believe they can define what happened on January 6, 2021 with impunity and we will accept their lies as truth. Read More

01.09.21- Finding Light in the Face
of Extreme Darkness

Gary D. Barnett

This world we live in has changed so much over the centuries, sometimes for the better and sometimes for the worse. Change brings many things, including progress that can be lifesaving for so many, but progress in the wrong hands of power can also bring misery and death. The twentieth century brought wonder in many ways, and so many advances, but it was a time of mass murder and world wars. It was a time of socialism and communism, and of a huge number of evil murderous rulers including those like Mao Zedong, Stalin, Hitler, Pol Pot, and all the American presidents, their enforcers, and their willing allies that murdered or caused the deaths of tens of millions of innocent people in the false name of  “exceptionalism” and “democracy.” Read More

01.08.21- Was the assault on the Capitol building a false flag?
Jon Rappoport

I’m writing this hours before posting it, so events may unfold that add more information.

The first thing you need to ask yourself: was the break-in at the Capitol, while Congress was in session holding a debate about election certification, an attempt to stop a transfer of power to Biden, or an attempt to stop the debate itself—during which legislators would have laid out evidence of fraud? Read More

01.07.21- Retirement Worries are Escalating (and the “Solutions” Don’t Look that Good)
Birch Gold Group

If you want a stress-free and secure retirement, the odds are stacked against you. Especially when Congress tries to offer their “reheated” solutions to the problem.

And worries are continuing to mount among Generation X, according to one MarketWatch piece: Read More

01.06.21- America’s Epiphany Moment
Alastair Crooke

The blanketing canopy pressing down across the globe of TINA (there is no alternative) is rupturing. The fabric is tearing at the seams. Now, with the U.S. courts having abdicated their role in adjudicating suits in connection with the 3rd November election, it seems that President Trump will make a last effort to change the course of events between 6–20 January (inauguration day). At point of writing, some 140 Republican Representatives say they will challenge the outcome of certain elections on 6 January. Whether this challenge will succeed (in all its dimensions) is moot. Read More

01.05.21- The Frogs Will Boil Themselves
Jeff Thomas

There’s a well-known old fable that describes a frog being boiled alive. It states that if a frog is dropped in boiling water, it will hop out. But if it’s placed in lukewarm water, it will be comfortable. Then, if the heat is turned up slowly, it will not perceive the danger and will be boiled to death.

In political terms, this translates into a slow increase, say, the slow rise of taxation or the gradual removal of freedoms. Read More

01.04.21- This is a Recipe for Hot Inflation in 2021
Graham Summers

Get ready for a tsunami of liquidity to hit the financial system…

Get ready for a tsunami of liquidity to hit the financial system.

President Trump has already signed a COVID-19 stimulus bill that will give $600 to most Americans. The House of Representatives has since passed a bill to increase the amount to $2,000.

That’s a massive wave of money flowing into the economy.Read More

01.02.21- Forecast 2021 — Chinese Fire Drills with a side of French Fries (Jacobin-style)
and Russian Dressing

James Howard Kunstler

As I write, the presidential election is still not resolved, with dramatic events potentially unfolding in the first days of the New Year. I’m not convinced that Mr. Trump is in as weak a position as the news media has made him out to be in these post-election months of political fog and noise. The January 6 meet-up of the Senate and House to confirm the electoral college votes may yet propel matters into a constitutional Lost World of political monsterdom. The tension is building. Read More

01.01.21- Give Me Liberty Or Give Me
a Face Diaper

Jim Quinn

One month ago I wrote an article – Silent Obedient Consent – about our day in Cape May Lighthouse State Park and my disappointment in seeing so many perfectly healthy young people obediently wearing their face muzzles, as dictated by government bureaucrats,  on a bright crisp autumn day in a 244 acre state wild preserve. I found it sad that so many could be controlled so easily by so few. Read More


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