As the "markets guy", my job is to ask: "So what's the trade?" Consider banks. Given how shaky the banks are right now given the 500 bp move in yields that has caused all those "unrealized losses," then add to that these banks most likely force-vaxxed their employees. How do we think that might play out? But this won't just hit the banks. It will hit a wide range of corporates and ultimately confidence in government.
Here is a place for people to share their thoughts, experiences and pictures from the event. I have so much to say, I don’t know where to start. It was truly unique and amazing. I met wonderful people from all over the US and the world. One guy from San Francisco said he couldn’t believe he was in a room where he could approach anyone and they would understand him and not treat him like a freak.
America’s citizens, and especially its productive, tax-paying classes, are under attack. They now come last in any and every decision and action undertaken by the current politicians, bureaucracies, and entrenched interests. Exactly by whom and for what reasons is still a matter of debate. But we’re way past the “three times is enemy action” part of this story.
I cannot possibly overstate this enough – a world of spiking interest rates and shortages of oil supplies is an unstable one. The reflexive dumping of gold in US paper markets is a poor reaction to try and inject a bit of calm before the storm. I’m not falling for it.
Are you paying close attention to the signals the markets are sending right now? If not, you should be.
As the "markets guy", my job is to ask: "So what's the trade?" Consider banks. Given how shaky the banks are right now given the 500 bp move in yields that has caused all those "unrealized losses," then add to that these banks most likely force-vaxxed their employees. How do we think that might play out? But this won't just hit the banks. It will hit a wide range of corporates and ultimately confidence in government.
This is concerning. I think the U.S. and its NATO allies are getting desperate. This could possibly a signal for escalation in Ukraine. I.e., preserving hegemonic rule with force. The U.S. views China as its greatest threat for global hegemony. They do not entertain the idea of multi-polarity.
Today's Daily Take by me is a meaty, 50+ minute audio (MP3) recording covering my latest thoughts and insights on the lab origin of literally every major Covid variant (alpha, beta, delta, omicron, etc.). Click the title above to listen.
The implications of this are enormous. Someone has been conducting a global experiment on us all. That's what a new research paper from Japan tells us.
Oil busts a big move, but so do the narrative police. Their Mafia Tactics are seen everywhere, but the game only works because the Mafia pretends to be a democracy. Once revealed, just about everyone will reject it, because most people aren't sociopaths. That is when it all falls apart. That's the Framing of the Week.
Two things are driving inflation. Several factors are pressuring US interest rates higher. Which means it's time to get serious about protecting your savings and thinking about how to safeguard your portfolio. We're here to help.
In this conversation, Stephen Jenkinson and I explore the perilous state of the world and come to ponder the most vexing question of them all; “What kind of a culture eats its own children (and how do we begin to account for that)?”
Now we know that the CIA was in on it, and this means the NSA had to have been in on it, which means the censorship industrial complex was in on it too.
If you follow the path of my life the course-correction caused by 9/11 eventually leads to Peak Prosperity and the fact that you are reading this now. One deception led to discovering others.
CPI inflation is on the way back, with oil apparently heading up towards triple-digits once again. US field production is almost back to pre-pandemic levels, but commercial oil stocks have been dropping hard for the past month or so, and not by a little bit either. Something is going on, I'm not sure what it is. There are also hints of another government shutdown.
Ever wondered about the pulse of the bond market? Or pondered which countries are in the lead when it comes to buying oil in these tumultuous times? Jim posits, and I think you'll find this fascinating, that we're operating in more of a unified world market than most of us are inclined to believe.
In the next 12 months, an astonishing amount of debt is maturing. But what's truly alarming isn't just the sheer volume; it's the interest due on this matured debt.
Turning now to matters of energy and economics, let’s speak of oil.
What happens when a country gets its energy policies badly wrong? Recessions, economic decline, ruined retirement dreams and things just generally get harder. Get ready for harder.
Energy policies are heading towards disaster. There will be gigantic repercussions if they persist and are not addressed. Doomberg explains...
The way I saw the plot line of V For Vendetta, it was about the power of an idea. "V”: is the embodiment of an idea. The powers that be are terrified of all 'non-approved' ideas because those exposes them as cruel and violent frauds.
Well, we’re now finally back from our trip to Iceland. I have to thank my team which is now functioning at such a high level that I was able to completely forget about running the site for (nearly) the entire trip (old habits die hard).
There was a book I read, long ago, entitled "A Distant Mirror, The Calamitous 14th Century" (wiki:archive) by Barbara Tuchman. As I think back to this book and the vibe it gave me, this feels (emotionally) exactly like the period we are living through today - most especially the part about the stupidity of the ruling class.
The following are excerpts from Mr. Verdun’s book, “Mass Formation: 2nd Look: Propaganda, Resonance, Resistance” Insights from the Goebbels Diaries An insight into the dead end of reality-denying totalitarianism comes from, perhaps inadvertently, Joseph Goebbels, the stalwart Nazi propaganda minister—and, for the last day of his life, Chancellor of the Third Reich. (His chancellorship […]
Looking backward to the future In one of the boxes of inherited family archives filled with scrapbooks, photo albums, odd letters, and more than a few pictures of people whose names are lost or completely forgotten, there is one item I have always found of interest. This is a book titled “Log Book of a […]