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08.18.22- An Autum With Epic Collapses of Stocks, Debt, Currencies, Much Higher Inflation - Leading to Poverty & Social Unrest
Let’s look at what this deadly potion consists of:
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08.17.22- Welcome to the World of Bankster Magic Where We Shall Have “Weather Followed by More of the Same Unless it Changes.”
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08.16.22- "It's Time To Fasten Our Seat Belts"
It’s hard to disagree with the above sentiment from multiple angles. What else is there to do about the ongoing shift from developed to emerging market norms in the West?
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![]() One former Congress member, though, says such actions do not go far enough. Ron Paul, who served in the House of Representatives as a Republican from Texas for over 20 years during which he twice sought the Republican presidential nomination, says that what is needed is the abolition of the FBI. Read More |
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08.13.22- Geico Abruptly Shuts Down Every Office in California, Sparking Concern
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08.12.22- And Now, for Something Entirely Different: Kari Lake, AZ candidate for governor, has the right idea
Here’s her blast: “This is one of the darkest days in American history: the day our Government, originally created by the people, turned against us. This illegitimate, corrupt Regime hates America and has weaponized the entirety of the Federal Government to take down President Donald Trump. Our Government is rotten to the core. Read More |
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08.11.22- The American Gestapo a.k.a. FBI
What kind of judge would issue the warrant and then hide it from view by sealing it? What kind of FBI agent would invade a president’s home instead of resigning over the assignment? Read More |
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08.10.22- Why Inflation Could Last Years
Gradually, we’ve come to see the light. There will be no rolling back those price increases in general. There will be declines in the pace of increase here or there but overall prices have shifted upward, permanently. Read More |
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08.09.22- Are Older Workers Propping Up
The chart of U.S. employment ages 25 to 54 years of age and 55 and older reveals a startling change. There are now 20 million more 55+ employed than there were in 2000, an equivalent of the entire workforce of Spain. This unprecedented demographic / employment transition is worth a closer look. Read More |
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The saying has become a bit of a cliché, but there is actually some truth to it. Read More |
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08.06.22- Here Is What Stagflation Looks Like
We much prefer this measure over real GDP because it removes the abrupt inventory swings from quarter to quarter, which can have out-sized impacts on the headline number. Thus the reported back-to-back real GDP contraction was owing to inventory liquidation, not an actual shrinkage of current activity. Read More |
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08.05.22- "It Only Hurts When I Laugh"
Mr. Pudey: Well sir, I have a silly walk and I'd like to obtain a government grant to help me develop it. Read More |
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08.04.22- How America’s Economy Was Destroyed
In 1945 the United States emerged from a world war with the only intact industrial economy in the world. The British, European, Soviet, and Japanese economies were in ruins. China and the rest of Asia, Africa, and South America had undeveloped economies, later renamed third world economies. Read More |
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08.03.22- Office Space Market Faces "Economic Downturn" Due To Perfect Storm Of Factors
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08.02.22- Rising Financial And Economic Uncertainty: Watch Big Pension Funds
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08.01.22- The Government Runs the Ultimate Racket
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07.28.22- No, The Economy Will NOT Be OK
And since we're headed for political season let me remind you of the sordid tale that led us here. We elected Donald Trump as President. Donald Trump deliberately, from his first day, pushed "easy money" policies that were in fact how he levered his real estate empire to "success." Easy money policies are a scam, but a very easy to run scam that appears to be "great" for a while. The reason is simple.Read More |
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07.27.22- An Apocalypse Upon Us: How much more can we take?
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07.26.22- The Wrecking Crew Will Be Overcome
We stumble into the horse latitudes of summer feeling trapped in the stillness. The heat disorders minds — and these are minds already scrambled by official propaganda. We are this close to a general recognition that the Covid vaccines were a deadly scam, even while Rochelle Walensky of the CDC keeps pushing boosters on TV and the entire public health bureaucracy stands by silently behind this murderous fakery. When their trials finally come, will they plea that they just didn’t know? How is that possible? (It’s not.) Read More |
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07.25.22- A Flood Of Repossessed Vehicles Poised To Hit The Used-Car Market
Auto Loan Bubble About to Burst A pair of excellent Tweet threads explain what is happening with car prices and pending repossessions. Read More |
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07.23.22- Do Fed Rate Decisions Affect The Price Patterns For Gold & Silver?
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07.22.22- Markets and Black Swans
After the collapse and subsequent rescue, I chatted with one of the LTCM partners who ran the firm about what went wrong. I was familiar with markets and trading strategies, but I was not expert in the highly technical applied mathematics that the management committee used to devise its strategies. Read More |
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07.21.22- And Now, for Something Entirely Different: Former Clinton Advisor Says Hillary Is Preparing To Run Again In 2024
No, not again! The prediction was made by Dick Morris, who ran Bill Clinton’s successful re-election campaign in 1996 and was once touted as Clinton’s most influential advisor. Read More |
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07.20.22- Russian gas cuts threaten to shutter Germany industry
I was lucky tonight. He had a gun, but I had a tire iron.—Phillip Marlowe, 1958 I woke up in Munich with a headache this morning to see an alarming item in the Financial Times, reproduced below. The FT is not part of the underground press. It’s mainstream. Looks like Germany, and hence Europe, and hence the world, is in real trouble. Economic trouble due to Russia’s fisticuffs with Ukraine. Once again, I must say, “Thank you, Washington!” Read More |
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07.19.22- A Tale Of Two Dollars
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07.18.22- Sri Lanka, Farmer Revolt, Energy Crisis |
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According to reports, the Brotherhood of Locomotive Engineers and Trainmen (BLET) voted by a resounding margin of 99.5 percent to authorize a strike if such action becomes legal and “necessary to secure a contract worthy of their consideration.” Read More |
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07.15.22- Los Angeles port boss: Fix rail service or risk ‘nationwide logjam’
The Port of Los Angeles released record results for June on Wednesday. Neighboring Port of Long Beach followed suit with its own records later in the day. Read More
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07.14.22- And Now, for Something Entirely Different: Origins of the New World Order: |
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07.13.22- Why Economic Collapse is Inevitable
If you understand energy and its foundational role in making the economy happen, then you understand something that few others do. I’m not sure why this energy blindness exists, but it is as mysterious as it is widespread. Perhaps, the implications are just too profound for many people to really entertain? Read More |
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07.12.22- LoanDepot To Fire Another 2,000 Workers As Mortgage Market Implodes
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07.11.22- Wen Bazooka?
After a frenzied weekend of tense and complex negotiations between senior leaders of the US government and the CEOs of the big Wall Street banks produced no viable alternative path for Lehman Brothers, the company filed for bankruptcy on Monday, September 15, 2008. The filing set off one of the most memorable weeks in the history of finance. Concurrent with the failure of Lehman was the forced sale of Merrill Lynch to Bank of America, a move so rushed and dramatic it’s incredible to think it was the second most important headline on that fateful day. Read More |
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07.09.22- Weekend Rant: Failing states and strangled economies
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07.08.22- The Dollar Is a Victim of Its Own Success
The use of the dollar as a weapon is not limited to trade wars and currency wars, although the dollar is used tactically in those disputes. The dollar is much more powerful than that. Read More |
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07.07.22- Central Bank Digital Currencies Are the Ultimate Tool of Financial Oppression
Even so, most people rarely think about the health or buying power of the money in their pockets. They watch their bank balance, their brokerage or IRA balance and are aware of their home’s value. They see those numbers change, but they never reflect on the value of the currency itself. Read More |
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07.06.22- The One Solution to All Our Problems
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07.05.22- If Central Banks Do Not Tackle Inflation, Deflation Will Come from A Crisis
Stocks closed June with one of the largest corrections since 2008. Bonds and equities are falling in unison, driven by rate hikes and normalization of monetary policy. Read More |
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07.04.22- Harry's Rant |
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07.02.22- Weekend Rant: Will This Recession Rival the Great Depression?
Ark Invest CEO Cathie Wood said Tuesday we’re already there
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07.01.22- BIS To Allow Member Banks To Hold 1% Of Their Reserves In Bitcoin
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06.30.22- The 2022 Market Disaster...
The Big 4: Dead Bonds, Rising Yields, Tanking Stocks & Stagflation For well over a year before fantasy-pushers and politicized, central-bank mouth pieces like Powell and Yellen were preaching “transitory inflation,” or hinting that “we may never see another financial crisis in our lifetime,” we’ve been patiently and bluntly (rather than “gloomily”) warning investors of the “Big Four.” Read More |
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06.29.22- "It Is Possible - Even Probable - That The World System Will Shatter"
Another messy market day with bond yields down slightly, stocks by more, and oil up a lot. That was on the back of ugly US data, in particular consumer confidence expectations tumbling to 66.4, the lowest in years, and China reducing quarantine times from two to one week, which despite suggestions that Zero Covid will stay for five years(!), is a possible sign of opening up. The irony is that if China does, or stimulates, growth will pick up, commodity prices will go up, and the Fed will have to act more aggressively. The dollar had an up day, perhaps smelling that too. Read More |
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06.28.22- Your financial liability to your government is infinite
Despite the name, it wasn’t a medieval furniture shop. Bonsignori came from a family of wealthy bankers who had highly influential political connections across Europe. And Bonsignori’s idea was to create the biggest bank on the continent that would cater specifically to kings, popes, and emperors. Read More |
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06.27.22- Dead Cat Bounce;
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06.25.22- What’s Behind the Collapse of So Many Stocks Since Feb 2021?
Stocks have been in a downward spiral for a while. The S&P 500 Index has dropped 23% from its high on January 3rd, the Nasdaq has dropped 33% from its high on November 22. Read More |
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06.24.22- Crashing Markets, Commodities, & What Happens Next
What’s your take on the markets, and where do you think it’s headed? Doug Casey: Let’s take them in order of size and importance. Read More |
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06.23.22- The Inflation Solutions Are Even Worse Than The Problem
Americans aren’t buying it. In fact, they’re buying less of everything as rising prices squeeze their wallets. Consumer confidence has plunged to historically low levels. But as bad as things are, the worst could still be yet to come because the proposed solutions are worse than the problem. Read More |
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06.22.22- And Now, for Something Entirely Different: Google Engineer Claims AI Computer Has Become Sentient
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06.21.22- Interview With
Becky Quick: First of all Kyle, I just want to say thank you for being here. It is great to see you today. Kyle Bass: Great to see you too, Becky. Read More |
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06.20.22- And Now, for Something Entirely Different: Russia’s New Rules
You can decide for yourselves whether Russia is writing checks they can’t cash, but in the words of Foreign Minister Sergei Lavrov telling the BBC bluntly, “We do not care about the eyes of the West.” Lavrov has always been the soul of politeness and discretion when dealing with European media. Read More |
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06.18.22- Even after Admitting She Underestimated Inflation, Janet Yellen Still Doesn't Understand What It Is
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06.17.22- A perfect storm in banking is brewing
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06.16.22- History is not on the side of the crypto’s grave dancers
It was called a laufmaschine, or “running machine” in German. And it was essentially the world’s first bicycle. There were no pedals, no seat, and no chain to connect the wheels; the rider basically had to propel the laufmaschine with his feet, then balance on it once achieving sufficient momentum. Read More |
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06.15.22- Surveys: Consumers are saving less and acquiring more debts due to inflation
The Bureau of Economic Analysis data shows that in April, the household savings rate went down to 4.4 percent from the 6.2 percent in March. This is the lowest rate since the 2008-2009 Great Recession. Read More |
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06.14.22- A Nightmare On Wall Street
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06.13.22- A Chaotic Tipping Point:
The number of threats facing markets; from inflation, central bank hikes, war, geopolitics, recession risks, corporate earnings and bond liquidity are legion. The big risk is they combine into a chaotic tipping point, at which moment we will just have to pick up the pieces…. Again. Read More |
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06.11.22- Weekend Rant: “Pay-to-Play”
You know how “pay-to-play” works: contribute a couple of million dollars to key political players, and then get your tax break, subsidy, no-bid contract, etc., slipped into some nook or cranny of the legislative process that few (if any) will notice because the legislation is hundreds of pages long or a “gut and replace” magic wand was wielded at the last minute. Read More |
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06.10.22- We Are Hurtling Toward Stagflation
In other words, we are hurtling toward stagflation. Target announced plans to cancel orders from suppliers and slash prices to clear out amassed inventory. Why? Because consumers aren’t buying their stuff – particularly hardline goods such as clothing and home goods. Read More |
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06.09.22- Why Woke Corporations Will Go Broke
What is going on here? Doug Casey:The reports are so bizarre and crazy that you’d think that they were made up, but apparently, they’re not. Read More |
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06.08.22- When Money Dies
The go-to book in the summer of 2011 was "When Money Dies” by Adam Fergusson. Originally published in 1975, Fergusson updated the text in 2010, and following the initial onslaught of debt monetization and QE1 and QE2, it became required reading. Read More |
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06.07.22- You Own Stocks, But….
Let me explain. Let's say I own shares of Boeing or GE. This gives me the right to vote my shares. That is, if I own shares in a public (or private for that matter) company, I have a right to representation -- I can vote at the annual meeting for, as an example, the board of directors. I can also vote on shareholder proposals, which may include things like "DIE" (or DEI), ESG and similar. Read More |
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Equities whipsawed throughout the month of May as investors contemplated falling economic growth projections and less-than-stellar earnings forecasts from retailers. Despite the bearish news, ongoing volatility, and consistent predictions of an impending recession, the S&P 500 ended the month roughly unchanged after mounting a recovery over the last few weeks.Read More |
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06.04.22- Jamie Dimon Warns “Brace Yourself” for This “Economic Hurricane”
Well, if Jamie Dimon (CEO of JP Morgan) is correct, it looks like we might have underestimated how bad things could get. According to a recent report on CNBC, Dimon predicts that something much worse is barreling toward our economy: Read More |
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06.03.22- Biden Sentences Struggling Americans to Even Worse Economic Hardships
It might seem counterintuitive; one would assume that as sales fall so should prices, but this is the upside-down world of inflation. Certain commodities and products, usually necessities, almost always skyrocket in price, ultimately driving most American families out of the market completely. Read More |
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06.02.22- Now Even The Elite Are Openly Admitting That America Is Facing An Absolutely Enormous Economic Crisis
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06.01.22- Teamsters, Car-Haulers Go Down To The Wire In Contract Talks
In a Facebook post late Monday night, lead negotiators of the Teamsters’ Carhaul division, meeting in Michigan, appeared optimistic that a contract could be agreed to by midnight Tuesday. Read More |