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Got Wood? Lumber Prices Explode To Record Highs Amid “Supply Chain Screw Ups”
Got Wood? Lumber Prices Explode To Record Highs Amid “Supply Chain Screw Ups” When builders go to the lumberyard, they expect two-by-fours in ample supply. As Galvnews.com reports, it’s like expecting to find milk at the supermarket. But, in recent months, something has changed… dramatically… Since the lows in early April, the price of Lumber […]
Gold and Free Banking Versus Central Banks
GOLD AND FREE BANKING VERSUS CENTRAL BANKING In spite of the officially declared “independence” of the Federal Reserve from the immediate political control of either Congress or the White House, America’s central bank is, nonetheless, a branch of the U.S. government that is responsible for setting monetary policy, overseeing a variety of banking regulations, and […]
An unexpected systemic crisis is for sure
An unexpected systemic crisis is for sure Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected. We can now identify 23 March as the date when markets stopped worrying about deflation and realised that monetary […]
The COVID Bait & Switch
The COVID Bait & Switch QUESTION: Do you really think that the Democratic leadership is trying to hurt people? FD ANSWER: It is not just the Democrats. We are looking at politicians around the world. It makes no sense with such a low death rate that is equivalent to the flu and all the forecasts of Neil […]
False Bizarre Economy Renders GDP Useless (Part 1)
False Bizarre Economy Renders GDP Useless (Part 1) GDP Growth Is Akin To “Magic Illusion 101” We may be getting to the place where more people are beginning to realize the illusion created from printing and pouring trillions of dollar haphazardly into the economy can’t last. Today, consumer confidence hinges on what Washington decides to […]
Venezuela Has Gone Cashless (And That’s Not All)
Venezuela Has Gone Cashless (And That’s Not All) Writing about the current situation in my country is becoming increasingly difficult. Just checking my personal chats with all the information I receive is heartbreaking. People I have known my entire life are having a very hard time and are being harassed. Collecting information from friends and […]
The Evolution Of Fiat Money, Endless War, & The End Of Citizenship (Part 2)
The Evolution Of Fiat Money, Endless War, & The End Of Citizenship (Part 2) Read Part 1 here… The Victory of Fiat Money, Endless War, and the Rise of the “Citizen Soldier” The stage was now set for the victory of fiat money after the series of bloody religious wars that plagued Europe over the […]
Turkey’s 2nd Financial & Currency Crisis in 2 Years Blossoms. Heavily Invested European Banks Look for Exit. But Not the Most Exposed Bank
Turkey’s 2nd Financial & Currency Crisis in 2 Years Blossoms. Heavily Invested European Banks Look for Exit. But Not the Most Exposed Bank Big Gamble that was hot for years has gone sour after Turkish lira’s plunge and surge of defaults on bank debts denominated in foreign currency. As the Turkish lira logged fresh record lows […]
The Wonders of Free Money in Two Pictures
The Wonders of Free Money in Two Pictures Lesson of the Day If you give away enough free money, spending recovers. Census Report on Advance Retail Sales The Census report on Advance Retail Sales provides half of our “Lesson of the Day“. Adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, July sales […]
Here’s Why the “Impossible” Economic Collapse Is Unavoidable
Here’s Why the “Impossible” Economic Collapse Is Unavoidable This is why denormalization is an extinction event for much of our high-cost, high-complexity, heavily regulated economy. A collapse of major chunks of the economy is widely viewed as “impossible” because the federal government can borrow and spend unlimited amounts of money because the Federal Reserve can create […]
Market Update: Overstimulated!
Market Update: Overstimulated! Today’s twin orgy of monetary & fiscal stimulus makes a market reckoning inevitable The melt-up discussed last week remains in full force, with the S&P 500 hitting a new intraday all-time high on Wednesday. Just to make sure we’re all clear on this: stocks are back to their highest prices BEFORE the coronavirus pandemic […]
Buyer Beware–Gold ETFs Like GLD Own No Gold
BUYER BEWARE – GOLD ETFs LIKE GLD OWN NO GOLD Two major asset classes are major beneficiaries of the unlimited money printing and credit creation that is now taking place globally. One of them will end in tears and the other one has just started a major secular bull market. As the world economy and […]
Today’s Contemplation: Collapse Cometh II
Today’s Contemplation: Collapse Cometh II Monte Alban, Mexico (1988) Photo by author. My response to an ongoing discussion regarding debt-/credit-based fiat currency and it’s impact on our pursuing the infinite growth chalice. _____ Yes, credit-/debt-based fiat is certainly one of the most significant causes of our pursuing the infinite growth chalice. Not the only one, […]
