Bitcoin’s repeated massive drawdowns expose its volatility; gold’s losses remain comparatively minor.

Never, ever forget. Long-term track records on an asset class that implodes every few years are total BS. Anyone stating them needs to be called out as a pumper looking for a greater fool. Last 10 Years – Largest Drawdowns Gold: -22% Bitcoin: -78%, -82%, -55%.#StoreOfValue pic.twitter.com/OKcPL7ZgGU — Lawrence McDonald (@Convertbond) December 5, 2024

Central banks resume gold purchase.

At some point the crypto bro’s are going to look around and wonder what the rest of the world is talking about while they were high fiving. Nobody will trust anyone, and the gold will need to be audited. Why would anyone think marks on a ledger will do? “trust me bro” will not be …

READ MORE

How Does a Recession Actually Start?

Recessions are a process and what past episodes all have in common is one key ingredient. Rather, one element that comes up missing every time. This critical factor doesn’t just end up being the difference between downturn and full-blown contraction, it also turns a recession into a depression. And we’ve got the data for it …

READ MORE

French PM Submits Resignation

Michel Barnier arrived at the Elysee Palace to submit his resignation and that of his government to Macron after losing a vote of no confidence in parliament yesterday. It’s unknown whether Macron will ask him to remain as caretaker PM until a replacement can be found or whether he already has someone in mind for …

READ MORE

He looks like he is going to cry.

This should be on a loop playing on every screen in Times Square until Dr. Fauci is tried for funding gain-of-function with our tax dollars AND becomming filthy rich as people suffered and died from the lab created virus, then the experimental mRNA jabs & boosters. — Russell Steen (@RUSSELLSTEEN14) December 5, 2024

Headlines you see at the top of the market…

Headlines you see at the top of the market: When Gold hits records highs, you see mostly crickets. When Bitcoin hits record highs, MSM: pic.twitter.com/g4hrlxyMI7 — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) December 5, 2024 Powell: "Bitcoin is not a store of value. It's too volatile" Reality: Bitcoin is not only the best performing …

READ MORE

The shooter of UnitedHealthcare chief executive Brian Thompson wrote “deny” “defend” “depose” on the shell casings left at the scene, ABC News reports.

!!! The shooter of UnitedHealthcare chief executive Brian Thompson wrote “deny” “defend” “depose” on the shell casings left at the scene, ABC News reports. The words echo the name of a book about how insurers won’t pay claims. This is an EARTHQUAKE for corporate America. pic.twitter.com/iBI255WPOl — Alex Berenson (@AlexBerenson) December 5, 2024 UnitedHealthcare has …

READ MORE

Tavi Costa: Silver miners look bullish

This is the most bullish! https://t.co/UjbXSsNRBk — Rock Bottom Entries (@RockBtmEntries) December 4, 2024 $3730 per ounce of silver? Scenario: stocks crash, gold rises, silver skyrockets = the Dow/Silver ratio collapses. How far this time? If the Dow falls by 50%, then silver price would be: at 60:1 = $373at 19:1 = $1180at 6:1 = …

READ MORE

Woman Jailed for Killing & Eating a Pet Cat in Ohio

Update: The Ohio woman who killed and ate a cat in August in viral video has pleaded guilty to one felony charge of animal cruelty. Alexis Ferrell was sentenced to a year in the Stark County jail. pic.twitter.com/swRuEjFYvj — Andy Ngo (@MrAndyNgo) December 3, 2024 A woman has been sentenced after she was arrested for …

READ MORE

Here’s the video. We hear Chipotle is hiring, dear. And those eyebrows, please explain.

🇺🇸 IDAHO SALON OWNER LEARNS TRASHING TRUMP SUPPORTERS IS BAD FOR BUSINESS Tiffney Prickett, owner of Voiage Salon in Coeur d’Alene, Idaho, took to TikTok to call Trump supporters “racist, homophobic, and misogynistic,” and it didn’t take long for the backlash to hit like a bad… pic.twitter.com/8tXi0KeBfZ — Mario Nawfal (@MarioNawfal) December 4, 2024

Dutch Government to Cap Country’s Population at 20 Million People by 2050, Will Drastically Cut Immigration Numbers

While all Europe is engaged in dealing with the tragic fallout from the demented policies that allowed unchecked mass migration to wreck most societies in the continent, perhaps no other country has a government so engaged in tackling the issue as the Netherlands – after all, to curb migration is almost the whole raison d’étre of the current …

READ MORE

Supreme Court tips its hand — Tennessee ban on puberty blockers will stand.

During almost two-and-a-half hours of debate on Wednesday, nearly all of the court’s conservative majority expressed skepticism about a challenge to Tennessee’s ban on puberty blockers and hormone therapy for transgender teenagers. Three transgender teens, their families, and a Memphis physician, along with the Biden administration, contend that the law violates the Constitution’s guarantee of …

READ MORE

Utah residents are exasperated after HOA plans to more than double monthly fees to $800: ‘There’s no way we’re ever going to be able to ever move out of here’

The notice from the homeowners association blamed rising costs of labor, supplies, and insurance, among others, the outlet reported. The condo’s property insurance apparently rose from $17,000 to $108,000 after its prior policy was canceled following a fire. “I do think it is pretty ridiculous that we all have to pay for that one incident,” …

READ MORE

Federal student loan borrowers in default may again face wage garnishments, collections.

Struggling student loan borrowers can see if they qualify for a deferment or forbearance, experts say. If you’re out of work, you can request an unemployment deferment with your servicer. If you’re dealing with another financial challenge, meanwhile, you may be eligible for an economic hardship deferment. Those who qualify for a hardship deferment include …

READ MORE

Trump spoke personally with DeSantis yesterday about replacing Hegseth — DeSantis wants the job.

Pete Hegseth, President-elect Donald Trump’s pick for defense secretary, said on Wednesday he will not “back down” after new misconduct allegations have caused growing concern among Republican senators who would vote on whether to confirm him. “I’m doing this for the warfighters, not the warmongers. The Left is afraid of disrupters and change agents. They …

READ MORE