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An Empire Self-Destructs
An Empire Self-Destructs Empires are built through the creation or acquisition of wealth. The Roman Empire came about through the productivity of its people and its subsequent acquisition of wealth from those that it invaded. The Spanish Empire began with productivity and expanded through the use of its large armada of ships, looting the New […]
China Just Dumped the Largest Amount of U.S. Debt in History
China Just Dumped the Largest Amount of U.S. Debt in History Dropping It Like a Hot Potato, the Lowest level of U.S. Debt Ownership in Decades, Not Just a “China-Leaning” Countries Problem At this point, the government is completely and totally bankrupt. It’s like Wile E. Coyote that’s walked off a cliff, but doesn’t really […]
David Stockman on Why Washington DC is the War Capital Of The World
David Stockman on Why Washington DC is the War Capital Of The World Ultimately, there is no mystery as to why the Forever Wars go on endlessly. Or why at a time when Uncle Sam is hemorrhaging red ink a large bipartisan majority saw fit to authorize $95 billion of foreign aid boondoggles that do […]
China Shock II Is Coming, the EU Will Be Hit Hard, Then the US
China Shock II Is Coming, the EU Will Be Hit Hard, Then the US Germany is feeling the pinch of China shock. But the US is on deck too. A global trade war looms. China Shock Eurointelligence discusses China shock in its article Technology Is Why We Are Losing. We are not sure that the effect […]
Truth or CONsequences?
Truth or CONsequences? When your government cons you daily with its statistical “facts,” it’s hard to keep your balance. Conned-sumers are feeling the cognitive disconnect from reality. For years, I’ve been saying it appears the BLS (Bureau of Lying Statistics) publishes fake labor statistics. The numbers always look like the seasonal adjustments are used by […]
Tornadoes strike across 7 states with more severe weather on the way
Tornadoes strike across 7 states with more severe weather on the way Severe weather is forecast for Thursday across the entire South. The threat for tornadoes continues Thursday following an outbreak of deadly storms throughout the Midwest and South over the past few days. As of Thursday afternoon, at least 17 tornadoes had been reported […]
Because We’re Still Not Sufficiently Indebted…
Because We’re Still Not Sufficiently Indebted… Now the government wants your home equity Zero Hedge just posted a long look at how the “buy now, pay later” (BNPL) industry now accounts for about $700 billion of largely unreported “phantom debt”. This, speculates ZH, is why the economy hasn’t fallen into recession. Now come the unintended consequences: […]
Is China Dumping US Treasuries and Buying Gold? Bloomberg Says Yes, Pettis Uncertain
Is China Dumping US Treasuries and Buying Gold? Bloomberg Says Yes, Pettis Uncertain Bloomberg reported that China is selling a record amount of US debt while buying gold. Previous reports of debt selling were false. Let’s check in with Michael Pettis at China Financial Markets for another opinion. China Sells Record Sum of US Debt […]
US Power Grid May Become Unreliable This Summer, Watchdog Warns
US Power Grid May Become Unreliable This Summer, Watchdog Warns A third of the country is facing an ‘elevated risk of blackouts’ soon, an industry expert said. Parts of America could face difficulties in meeting electricity demand during the summer season, with renewable energy sources like wind and solar power posing a potential risk to […]
The Great Ukraine Robbery Is Not Over Yet. Ron Paul
The Great Ukraine Robbery Is Not Over Yet. Ron Paul The ink was barely dry on President Biden’s signature transferring another $61 billion to the black hole called Ukraine, when the mainstream media broke the news that this was not the parting shot in a failed US policy. The elites have no intention of shutting […]
This Is the Proverbial Ball You Should Be Keeping Your Eye On…
This Is the Proverbial Ball You Should Be Keeping Your Eye On… Gold, the Brief History of U.S. Debt, Not a Great Club, and the U.S.’ Debt-to-GDP Surpassing Venezuela’s “Blessed are the young, for they shall inherit the national debt.” ~ Herbert Hoover If you’re like me, you probably sometimes come across an important economic […]
The All-Important Doorman
The All-Important Doorman Picture this: A tribal leader from a distant country visits the US. He’s brought to a large apartment building in New York City. When he gets out of the car, he looks up at the great building and is quite impressed. A uniformed doorman exits the foyer and comes out on the […]
Big Oil Has Flourished, Despite Biden’s Best Efforts, And Will Back Trump In 2024
Big Oil Has Flourished, Despite Biden’s Best Efforts, And Will Back Trump In 2024 “It’s death by 1,000 cuts. It’s the worst presidency with regard to energy policy I’ve ever seen — and I’ve been involved in energy for 40 years, my entire career.” Those were the words of Steve Pruett, chief executive of Elevation Resources, to Financial […]
Biden Wants EVs so Badly That He Will Quadruple Tariffs on Them
Biden Wants EVs so Badly That He Will Quadruple Tariffs on Them Astute readers will immediately notice the title of this post makes no sense. It’s not supposed to. But it is exactly what President Biden is doing. Biden to Quadruple Tariffs on Chinese EVs Counter to the idea that quick EV adoption is needed […]
