Independent thinking for complex markets and current events
The intensifying bond market crisis is the final warning that the Federal Reserve has learned absolutely nothing from the disaster of 2022. We are watching Treasury yields surge at the same time that oil is sitting above $100 a barrel which is a recipe for a total currency collapse if the Fed keeps pretending that …
5 largest U.S. cities don’t have enough money to pay bills. At the end of fiscal 2024, all five cities didn’t have enough money to pay their bills despite having balanced budget requirements. In order “to claim their budgets were balanced, as is required by law in the five cities, elected officials” didn’t include “the …
by Michael What we have witnessed on the streets of Minneapolis this week has been absolutely stunning. It was once such a beautiful city, but now it has been transformed into a war zone. For more than a decade, I have been relentlessly warning my readers that civil unrest would be one of the core elements of the …
Prosecutors in California will file murder charges against Nick Reiner, the younger son of Rob Reiner and Michele Singer Reiner, Los Angeles County District Attorney Nathan Hochman said Tuesday. Hochman said his office is expected to file two counts of first-degree murder with a special circumstance alleging multiple murders Tuesday afternoon. Nick Reiner also faces …
The reality . Bitcoiners scream “fiat is trash” from the rooftops Yet every single one of them needs fiat to buy their precious magic algorithm. They pray daily for “number go up” Not for freedom, not for revolution Just so they can cash out for more fiat than they put in 😂 They seethe at …
Authored by Charles Hugh-Smith via oftwominds, If each of these is not a part of any ‘reform,’ than all that is being done is pouring money into a monopolizing cartel, just in a slightly different way. Unbeknownst to those of us with little inside knowledge of the complex financial plumbing of the US healthcare system, …
In the sewer business, they say a good flush beats a full house. This one isn’t a good flush. It’s the other kind that fills your house with a stinking mess you have to live with. by David Haggith Adam Taggart, in his interview below with Freightwaves’ Craig Fuller, says Fuller’s take on the economy sounds stagflationary, …
No need to import foreign workers. We have the talent! byu/Effective_Reach_9289 inwalkaway It’s never been about the talent, it’s about the price. Why pay an American software engineer $160,000 a year when you can offer a visa and $50,000 to an Indian immigrant? Companies have been given the green light to do this. I think …
by Michael What will the loss of hundreds of thousands of law-abiding citizens mean for New York City? It doesn’t take a rocket scientist to answer that question. When large numbers of law-abiding citizens leave any area, conditions get worse. And when conditions get worse, that motivates even more law-abiding citizens to leave. Meanwhile, the …
Grocery prices rose 17% in the past year. Food costs went up faster than other prices in July 2025. The US Labor Department said, “Food prices increased 1.1% in July, the largest monthly gain since 1979.”https://www.bls.gov/news.release/cpi.nr0.htm Economist John Smith said, “Rising costs and supply problems keep pushing prices higher.”https://www.marketwatch.com/story/us-food-inflation-continues-to-soar-2025-08-01 Food prices rose 17% in 12 …
In 2008 and again in 2020, similar steep drops in credit were quickly followed by aggressive Fed rate cuts and liquidity injections. This time, we’re seeing the same kind of credit contraction, but the Fed is still holding rates high, and there’s no sign of emergency fiscal support coming either. That’s what makes the current …
The market is bubbling over like never before. Weird moves everywhere, prices swinging wildly, and headlines screaming about froth and frenzy. But beneath the chaos, something deeper is rotting. Society itself feels more unraveled, more reckless than at any point in recent memory. Look back to the dot-com boom or even 2021’s crazed rally. Those …
President Trump has formally notified Brazil that a 50% tariff will be imposed on all goods entering the United States beginning August 1. The letter, posted publicly on July 9, marks the highest rate among the 21 countries targeted in this round of trade enforcement. While other nations received standard language citing trade imbalances, the …
The numbers are no longer whispering. They’re screaming. The gap between what homes cost and what Americans earn has never been wider. Not in 2008. Not in 1980. Not even during the COVID frenzy. This is new territory. And it’s cracking. The median home price in the U.S. now sits at $416,900. That’s up over …
We are so lucky to have Elon. I applaud him shaking up the status quo. No one I trust more than him. — Terry Phillips (@Tradery1) June 5, 2025
No surprises in the new CBO letter on Trump's tariffs. Tariffs will raise US tax revenue, reduce the size of the US economy, place upward pressure on prices for consumer and capital goods, and reduce average realincome for households. pic.twitter.com/sac0b2v9Gy — Erica York (@ericadyork) June 4, 2025 U.S. National Debt projected to soar to $55 …
from Kerry Lutz’s Financial Survival Network In this explosive episode of the Financial Survival Network, Kerry Lutz welcomes back financial analyst John Rubino to unpack the global economic and geopolitical chaos brewing beneath the surface. Rubino warns that rising interest rates are pushing indebted nations—especially the U.S., Japan, and Europe—into a deadly fiscal spiral. With 30- and 40-year …
by Michael Decisions that are being made this month could dramatically alter the course of human history. If the Ukrainians decide to attack Russia’s Victory Day parade with a vast army of drones, the Russians would almost certainly absolutely devastate Kyiv in return, and any hope for peace in Ukraine would be gone. Meanwhile, negotiations between …
The American economy is suffocating under a mountain of debt so vast that traditional monetary tools no longer work the way they used to. Interest rate hikes? They barely move the needle now. We’ve entered a stage where the sheer size of the national balance sheet has paralyzed policymakers. The old playbook is useless. We …
A full-time worker, now homeless. This isn’t a rare case—it’s America’s new reality. Rent prices have skyrocketed, and landlords demand 2.5x income to qualify. American citizen breaks down in tears because she is now living in her car “for the foreseeable future” She has a job but rent prices are so out of control in …
Do Not use OZEMPIC. Period.Skeletal Sharon Osbourne, 72, 'On Irreversible Downward Spiral' After Ozempic Use: 'It's Totally Wrecked Her Metabolism and There Is No Going Back' via @radar_online https://t.co/9Atc2Ewe2W — BigSkyRambler (@BigSkyRambler) November 18, 2024 Sharon Osbourne has sparked health concerns once again due to her Ozempic use with one pal commenting: “It’s wrecked her …
via Reuters A look at the day ahead in Asian markets. If deepening gloom around China and a surging Japanese yen are the local market drivers in Asia, the Fed’s upcoming interest rate decision hangs heavily over world markets as growing hopes for a 50 basis point cut push the dollar to new lows for …
New month, same trend! #Germany's industrial production declined again in May. The level remains 15% lower than the peak of 2017! pic.twitter.com/DEIhyzExjr — jeroen blokland (@jsblokland) June 7, 2024
Pierre Lassonde, Former Chair WGC 2005-2008 • Despite the record high gold price, interest in gold is not present in America but is in China and India. • Central banks in China and India have bought 1,200 tons of gold last year, one third of all gold produced every year. • The gold ETF has …
by Michael If you are going to go out, you might as well do it with a bang. At the beginning of June, our national debt was sitting at $31,467,639,287,894.39. Today, it has risen to $33,442,148,619,617.43. That means that we have added almost two trillion dollars to the national debt in just three months. It is the largest …
