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Carbon Credits Are the Biggest Scam Since Indulgences—How You Can Avoid Being Fleeced

Carbon Credits Are the Biggest Scam Since Indulgences—How You Can Avoid Being Fleeced

In the Middle Ages, the Catholic Church convinced the commoners to buy indulgences to alleviate their sins. And they made a fortune in the process.

Similarly, today, our overlords—the mainstream media, central bankers, and their political allies—are working overtime to convince the commoners to pay for their alleged climate sins.

Enter carbon credits, government-issued permits that grant you the privilege to emit a certain amount of carbon dioxide.

Although advocates promote them as a way to “save the environment,” in reality, carbon credits are nothing more than a devious mechanism to tax, regulate, and control you.

It’s not a coincidence that the most philosophically and ethically bent people are promoting them.

For example, at a recent World Economic Forum (WEF) meeting in Davos, participants revealed and touted an “individual carbon footprint tracker.” It will track where people travel, how they travel, what they eat, and what they consume.

Carbon accounting is already creeping into many places, like Google Flights.

A federal carbon tax is already a reality in Trudeau’s Canada, and it’s causing the price of food and other goods and services to soar. But Canadians haven’t seen anything yet—the federal carbon tax will triple by 2030.

In short, there’s a growing push to implement the carbon credit scam worldwide. And that’s not a coincidence.

Remember, central banks only exist to harvest wealth from the populace through inflation and redirect it to the politically connected, an insidious practice known as seigniorage.

Fiat currency is the usual mechanism central banks use to perpetuate this fraud. They get most people to run on a hamster wheel most of their lives chasing after confetti money they create with no effort.

However, there is a limit to this process.

…click on the above link to read the rest of the article…

A $250 Million War Game and Its Shocking Outcome

A $250 Million War Game and Its Shocking Outcome

Pentagon's largest military simulation

At a cost of $250 million, Millennium Challenge 2002 was the largest and most expensive war game in Pentagon history.

With over 13,500 participants, the US government took over two years to design it.

The exercise pitted Iran against the US military. Washington intended to show how the US military could defeat Iran with ease.

Paul Van Riper, a three-star general and 41-year veteran of the Marine Corps, led Iranian forces in the war game. His mission was to take on the full force of the US military, led by an aircraft carrier battle group and a large amphibious landing force in the Persian Gulf.

The results shocked everyone…

Van Riper waited for the US Navy to pass through the shallow and narrow Strait of Hormuz, which made them sitting ducks for Iran’s unconventional and asymmetric warfare techniques.

The idea is to level the playing field against a superior enemy with swarms of explosive-laden suicide speedboats, low-flying planes carrying anti-ship missiles, naval mines, and land-based anti-ship ballistic missiles, among other low-cost but highly effective measures.

In minutes, Van Riper emerged victorious over his superior opponent and sank all 19 ships. Had it been real life, 20,000 US sailors and marines would have died.

Millennium Challenge 2002 was a complete disaster for the Pentagon, which had spent a quarter of a billion dollars to set up the extensive war game. It produced the exact opposite outcome they wanted.

So what did the Pentagon do with these humbling results?

Like a child playing a video game, they hit the reset button. They then rigged and scripted the game so that the US was guaranteed to win.

After realizing the integrity of the war game had been compromised, a disgusted Van Riper walked out mid-game. He then said:

…click on the above link to read the rest of the article…

The “Business” of Central Banking—Usury and Tax Farming

The “Business” of Central Banking—Usury and Tax Farming

real mandate of central banks

Central banking is “a great business to be in, where you print money, and people believe it.”

That’s what the head of New Zealand’s central bank said recently in an unscripted moment of candor.

It led me to wonder about the nature of this strange “business.”

Let me put it into the simplest and most concise terms.

  1. Central banks create fake money out of thin air and loan it to governments at interest.
  2. Governments use violence and threats of violence to extract taxes from average citizens to pay the interest on the fake money the central banks created out of thin air.
  3. Like the mafia, they can deploy violence to ensure there is no competition to their privileged racket.

That’s the unvarnished truth about central banking.

In short, it’s the business of usury and tax farming.

(To me, a more practical modern meaning of usury is “enslaving people with financial trickery.” Central banking clearly fits the bill.)

The central bank is a powerful wealth transfer mechanism that enables governments to harvest the productive efforts of their citizens efficiently and surreptitiously.

The central bank’s currency debasement transfers wealth from savers to those closest to the money printer, namely governments and their cronies.

The central bank’s real mandate is to transfer as much wealth as possible via currency debasement to the political class without causing alarm among the plebs. Ideally, it happens gradually so nobody notices, like a child taking only a little money out of his mother’s purse each day so she doesn’t notice.

However, sometimes their theft spirals out of control, and it’s impossible for the plebs not to notice.

Consider this.

The Federal Reserve—the central bank of the US—has printed more fake money in recent years than it has for its entire existence.

…click on the above link to read the rest of the article…

The Top 3 Reasons the US Has Entered the Inflation Death Spiral

The Top 3 Reasons the US Has Entered the Inflation Death Spiral

Inflation Death Spiral

Rapidly rising food, housing, medical, and tuition prices are squeezing Americans, and many do not understand the real cause of their falling living standards.

That confusion opens the door for opportunistic politicians who promise supposed freebies to ease the pain of inflation. Many, unfortunately, succumb to this siren’s call.

Perverse as it is, the policies offered to people suffering from inflation create even more inflation. In other words, inflation has a way of perpetuating itself, much like a heroin addiction.

We are already seeing cockamamie schemes in the US, like “inflation relief checks,” which attempt to solve the problems of inflation by creating more inflation.

The political-inflation cycle follows a clear pattern:

Step #1: In a fiat currency system, the government will inevitably print an ever-increasing amount of currency to finance itself.

Step #2: This makes prices and living costs rise faster than wages.

Step #3: The average person feels the pain but doesn’t understand what’s happening.

Step #4: More people support politicians who promise freebies to relieve the pain inflation causes.

Step #5: The government prints more currency to pay for the freebies.

Step #6: This creates even more inflation, and the cycle repeats.

At this point, we have to ask ourselves whether the political situation in the US will improve.

Unfortunately, the data points to a troubling but inevitable answer… “no.”

The reason is simple: a growing majority of US voters receive government money.

When you count everyone who lives off political dollars instead of free-market dollars, we’re already well north of 50% of the US population.

In other words, the US has already crossed the Rubicon. There’s no going back.

The growing majority of voters who collect net benefits from the government is a built-in constituency to perpetuate policies financed by ever-increasing inflation. That’s why I think the US has entered an unstoppable inflation death spiral.

…click on the above link to read the rest…

Carbon Credits Are the Biggest Scam Since Indulgences—How You Can Avoid Being Fleeced

Carbon Credits Are the Biggest Scam Since Indulgences—How You Can Avoid Being Fleeced

Carbon Credits Are the Biggest Scam

In the Middle Ages, the Catholic Church convinced the commoners to buy indulgences to alleviate their sins. And they made a fortune in the process.

Similarly, today, our overlords—the mainstream media, central bankers, and their political allies—are working overtime to convince the commoners to pay for their alleged climate sins.

Enter carbon credits, government-issued permits that grant you the privilege to emit a certain amount of carbon dioxide.

Although advocates promote them as a way to “save the environment,” in reality, carbon credits are nothing more than a devious mechanism to tax, regulate, and control you.

It’s not a coincidence that the most philosophically and ethically bent people are promoting them.

For example, at a recent World Economic Forum (WEF) meeting in Davos, participants revealed and touted an “individual carbon footprint tracker.” It will track where people travel, how they travel, what they eat, and what they consume.

Carbon accounting is already creeping into many places, like Google Flights.

A federal carbon tax is already a reality in Trudeau’s Canada, and it’s causing the price of food and other goods and services to soar. But Canadians haven’t seen anything yet—the federal carbon tax will triple by 2030.

In short, there’s a growing push to implement the carbon credit scam worldwide. And that’s not a coincidence.

Remember, central banks only exist to harvest wealth from the populace through inflation and redirect it to the politically connected, an insidious practice known as seigniorage.

Fiat currency is the usual mechanism central banks use to perpetuate this fraud. They get most people to run on a hamster wheel most of their lives chasing after confetti money they create with no effort.

However, there is a limit to this process.

…click on the above link to read the rest…

It’s Game Over for the Fed—Expect a Monetary “Rug Pull” Soon…

It’s Game Over for the Fed—Expect a Monetary “Rug Pull” Soon…

a Monetary “Rug Pull”

You often hear the media, politicians, and financial analysts casually toss around the word “trillion” without appreciating what it means.

A trillion is a massive, almost unfathomable number.

The human brain has trouble understanding something so huge. So let me try to put it into perspective.

If you earned $1 per second, it would take 11 days to make a million dollars.

If you earned $1 per second, it would take 31 and a half years to make a billion dollars.

And if you earned $1 per second, it would take 31,688 years to make a trillion dollars.

So that’s how enormous a trillion is.

When politicians carelessly spend and print money measured in the trillions, you are in dangerous territory.

And that is precisely what the Federal Reserve and the central banking system have enabled the US government to do.

From the start of the Covid hysteria until today, the Federal Reserve has printed more money than it has for the entire existence of the US.

For example, from the founding of the US, it took over 227 years to print its first $6 trillion. But in just a matter of months recently, the US government printed more than $6 trillion.

During that period, the US money supply increased by a whopping 41%.

In short, the Fed’s actions amounted to the biggest monetary explosion that has ever occurred in the US.

Initially, the Fed and its apologists in the media assured the American people its actions wouldn’t cause severe price increases. But unfortunately, it didn’t take long to prove that absurd assertion false.

As soon as rising prices became apparent, the mainstream media and Fed claimed that the inflation was only “transitory” and that there was nothing to be worried about. Then, when the inflation was obviously not “transitory,” they told us “inflation was actually a good thing.”

…click on the above link to read the rest of the article…

Let Them Eat Bugs… How Out of Touch Elites Reveal Their Contempt and What Comes Next

Let Them Eat Bugs… How Out of Touch Elites Reveal Their Contempt and What Comes Next

Let Them Eat Bugs

Upon being told that the people had no bread, Marie Antoinette reportedly responded, “let them eat cake.”

These infamous words were a stark illustration of the French elite’s careless indifference to the plight of ordinary people. Moreover, they likely fueled the anger that sparked a revolution that overturned the French ruling system.

Had Marie Antoinette not been so out of touch, she might have had a better choice of words.

Although history doesn’t repeat itself, it does rhyme.

I am bringing this up because recently, modern political, financial, and media elites have made numerous “let them eat cake” remarks.

They similarly reveal how oblivious they are to the average person’s problems as inflation spirals out of control, shortages spread, the stock market crashes, and economic prospects look dimmer by the day.

Let’s look at them and examine what they could mean for the social and political environment in the future… and what you can do about it.

Example #1: Inflation Is Good

First central bankers, the mainstream media, and academia tell you there is no inflation.

Then, when inflation becomes undeniable, they tell you not to worry because inflation is only “transitory.”

Then, when it becomes apparent that it’s not merely transitory, they tell you not to worry because inflation is actually a good thing.

It’s not uncommon to see ridiculous headlines like this:

Example #2: No More Turkey at Thanksgiving

After inflation broke through multi-decade highs, it’s no longer possible to maintain the farce that “inflation is good.”

So the elite’s messaging has pivoted to ways the plebs can cope with ever-decreasing living standards.

Last Thanksgiving, it was impossible for the Federal Reserve to ignore the soaring costs of turkey. So, instead, the St. Louis branch had a helpful suggestion for those struggling—substitute delicious turkey for cheaper heavily-processed industrial sludge.

…click on the above link to read the rest of the article…

This Is How the “Everything Bubble” Will End

This Is How the “Everything Bubble” Will End

I think there’s a very high chance of a stock market crash of historic proportions before the end of Trump’s first term.

That’s because the Federal Reserve’s current rate-hiking cycle, which started in 2015, is set to pop “the everything bubble.”

I’ll explain how this could all play out in a moment. But first, you need to know how the Fed creates the boom-bust cycle…

To start, the Fed encourages malinvestment by suppressing interest rates lower than their natural levels. This leads companies to invest in plants, equipment, and other capital assets that only appear profitable because borrowing money is cheap.

This, in turn, leads to misallocated capital – and eventually, economic loss when interest rates rise, making previously economic investments uneconomic.

Think of this dynamic like a variable rate mortgage. Artificially low interest rates encourage individual home buyers to take out mortgages. If interest rates stay low, they can make the payments and maintain the illusion of solvency.

But once interest rates rise, the mortgage interest payments adjust higher, making them less and less affordable until, eventually, the borrower defaults.

In short, bubbles are inflated when easy money from low interest rates floods into a certain asset.

Rate hikes do the opposite. They suck money out of the economy and pop the bubbles created from low rates.

It Almost Always Ends in a Crisis

Almost every Fed rate-hiking cycle ends in a crisis. Sometimes it starts abroad, but it always filters back to U.S. markets.

Specifically, 16 of the last 19 times the Fed started a series of interest rate hikes, some sort of crisis that tanked the stock market followed. That’s around 84% of the time.

You can see some of the more prominent examples in the chart below.

…click on the above link to read the rest of the article…

China Is Days Away From Killing the Petrodollar

China Is Days Away From Killing the Petrodollar

China Is Days Away From Killing the Petrodollar

Not long ago, there was a popular joke in China that went something like, “Who is Xi Jinping?”

The answer was, “The husband of Peng Liyuan,” the famous singer Xi is married to.

Today, Xi is China’s president. He leads 1.4 billion people. And he’ll likely be the most powerful person in the world soon.

As I mentioned last Wednesday, Trump’s new steel and aluminum tariffs are part of a larger, escalating battle between the US and China.

China is rapidly displacing the US as the dominant global power. This shift is inevitable. China’s economy will be twice as large as the US economy by 2030.

This leaves the US with limited options…

  1. It could kick back and let China displace it as the most powerful country in the world.
  2. It could start a military war with China.
  3. And it could push the current trade battle into an all-out economic war against China.

I think a full-blown economic war is the most likely. Under President Trump, it’s all but certain.

That said, the Trump administration seems to underestimate China’s position—in both the short and long term.

For decades, the US has been able to exclude virtually any country it wants from international trade. Right now, if one country wants to trade with another, it basically needs US permission first.

That’s because (for a short while longer) the US dollar is the world’s most important currency. The US Navy also dominates the world’s oceans, controlling most major shipping lanes.

But China is building a new international system. Eventually, it will let China and its trading partners totally bypass the US.

And, as I’ll explain shortly, a key piece is set to fall into place on March 26…

…click on the above link to read the rest of the article…

Trump’s Tariffs Could Start a Real War

Trump’s Tariffs Could Start a Real War

Trump’s Tariffs Could Start a Real War

Trump’s steel and aluminum tariffs may set his epitaph in stone… “Herbert Hoover II.”

History remembers Hoover as one of the worst American presidents.

Like Trump, he was a rich international businessman. He was also a political outsider. Hoover hadn’t held public office before his 1929 inauguration. And, like Trump, Hoover faced intense pressure from struggling American workers.

In 1930, he signed the Smoot-Hawley Tariff Act into law, raising tariffs on thousands of imported goods to record levels. This kicked off a tariff war, reducing American exports by half. It was a crushing blow to the American economy.

Nearly a century later, Trump seems determined to make the same mistakes…

Trump Started This Trade War Last Summer

Trump placed tariffs on steel and aluminum last week. China, of course, is the world’s largest producer of both.

The mainstream press called the tariffs “unexpected.” But they didn’t come out of nowhere.

Last month, I told readers of my advisory, Crisis Investing, that steel and aluminum tariffs were likely. (Paid-up readers can access the issue here.)

In fact, I’ve been pounding the table about a trade war—specifically a trade war with China—since September.

Frankly, I think Trump fired the first shot in this trade war last summer, when his administration launched an investigation against China using Section 301 of the Trade Act of 1974.

This rarely used provision allows Trump to “take all appropriate action… to obtain removal of any [trade] practice that is unjustified, unreasonable, or discriminatory, and that burdens or restricts U.S. commerce.”

Traditionally, World Trade Organization (WTO) members, including China and the US, have settled trade disputes through it. But Trump, using Section 301, has taken a unilateral approach.

…click on the above link to read the rest of the article…

How China Could Freeze the US Military

How China Could Freeze the US Military

How China Could Freeze the US Military

Last April, President Trump launched 59 Tomahawk cruise missiles into Syria.

He was responding to an alleged chemical weapons attack by Bashar al-Assad’s Syrian government.

It was Trump’s most dramatic military move since he became president. It was also the United States’ first deliberate attack on the Syrian government.

At the exact moment he ordered the strike, Trump was also hosting China’s president, Xi Jinping, for dinner at Mar-a-Lago, Trump’s Florida resort. Xi’s wife was also there.

Trump said:

I was sitting at the table. We had finished dinner. We are now having dessert. And we had the most beautiful piece of chocolate cake that you have ever seen. And President Xi was enjoying it. And I was given the message from the generals that the ships are locked and loaded. What do you do? And we made a determination to do it. So the missiles were on the way. And I said: ‘Mr. President, let me explain something to you… we’ve just launched 59 missiles… heading toward Syria and I want you to know that.’

When asked how President Xi responded, Trump claimed: “He paused for 10 seconds and then he asked the interpreter to please say it again.”

The timing of the attack was meant to intimidate Xi and send China a message.
You see, China and Syria are allies. The Chinese give Assad’s government diplomatic, military, and economic support. China has also used its veto power at the UN several times to support Syria.

Essentially, Trump invited President Xi and his wife to his home for dinner. Then, over cake, he bombed one of Xi’s friends.

…click on the above link to read the rest of the article…

The Secret Reason Trump Is So Cozy With Saudi Arabia

The Secret Reason Trump Is So Cozy With Saudi Arabia

As a candidate, Donald Trump used uncommonly harsh language to criticize Saudi Arabia—the world’s largest oil exporter.

He called the Saudi regime the world’s biggest funder of terrorism.

He also said the Saudi government uses “our petro dollars—our very own money—to fund the terrorists that seek to destroy our people, while the Saudis rely on us to protect them!”

At another point, Trump said, “Who blew up the World Trade Center? It wasn’t the Iraqis, it was Saudi [Arabia].”

Trump also criticized Hillary Clinton for taking Saudi money for the Clinton Foundation. (They were its biggest “donors.”) He even challenged her to return the money.

He also famously got into a Twitter spat with a prominent member of the Saudi royal family, Alwaleed bin Talal.

As a candidate, Trump blasted the Saudis countless other times.

But, after he took office, Trump did a complete 180. He stopped criticizing the Saudis. In fact, he’s now singing their praises.

It’s bizarre… as if someone put a severed horse head in his bed.

Mere months after criticizing the Saudis, he was on Air Force One headed to Saudi Arabia to do the sword dance with his new friends.

It was his first foreign trip as president.


President Trump with King Salman

Trump’s about face was astounding. But his newly adopted deference to the Saudis is no different than Obama’s, Baby Bush’s, or any previous president’s.


President Obama with King Abdullah


President G.W. Bush with King Abdullah

Today, I’ll tell you why Trump made such an abrupt turnaround. I’ll also explain why the Saudis get special treatment from the US Deep State.

“As Good As Gold”—From Bretton Woods to the Petrodollar

It’s been rightly said that he who holds the gold makes the rules.

 

…click on the above link to read the rest of the article…

The Growing Threat of the Police State

The Growing Threat of the Police State

The Growing Threat of the Police State

Doug Casey, Jeff Thomas, and Nick Giambruno recently discussed a critical topic—the rise of a police state in the former “free” world.

Nick Giambruno: In my experience, the US has some of the most aggressive police in the world. I first noticed this when I started traveling many years ago.

I’ve also noticed that law-abiding citizens are more likely to encounter the police in the US. Both of these trends are accelerating.

What happened to “the boys in blue”—the friendly cop on the beat that everyone knew personally and trusted?

Doug Casey: The fact is that police forces throughout the US have been militarized. Every little town has a SWAT team, sometimes with armored personnel carriers. All of the Praetorian style agencies on the federal level—the FBI, CIA, NSA, and over a dozen others like them—have become very aggressive. Every single day in the US, there are scores of confiscations of people’s bank accounts, and dozens having their doors broken down in the wee hours of the night. The ethos in the US really seems to be changing right before our very eyes, and I think it’s quite disturbing. It’s a harbinger, I’m afraid, of what’s to come.

Jeff Thomas: Yes, this change has certainly been more prevalent in the US than elsewhere. And I don’t doubt that the black combat uniforms are intentional. Psychologically, combat gear is very threatening. It serves only one purpose—aggression. And blue is the color of officialdom, whilst black is the color of death. This, to me, was a very conscious change—maximum intimidation.

Nick Giambruno: Police training has also changed. The War on (some) Drugs and the so-called War on Terror have turbocharged police militarization. What are your thoughts?

…click on the above link to read the rest of the article…

They’re Using Bernie Madoff Math to Hide a Crisis

They’re Using Bernie Madoff Math to Hide a Crisis

They’re Using Bernie Madoff Math to Hide a Crisis

Politicians are always generous with other people’s money… until it runs out.

Near the peak of the late-’90s tech bubble, California’s legislature passed the largest pension increase in its history.

Today, with as much as $750 billion in unfunded public pension debt, California has one of the worst pension situations in the country. But it’s far from alone.

Illinois has a staggering $250 billion in unfunded pension obligations. State pension plans in Connecticut, Pennsylvania, New Jersey, and many other states are taking on water, too.

Unfunded public pension liabilities in the US have surpassed $5 trillion.

Taxpayers Are Stuck With the Bill

There used to be a simple formula for a secure retirement. American workers would work for a big company for decades. Then, at a certain age, they were eligible for a monthly pension check… for life.

Once common, pensions have virtually disappeared from the private sector. Today, less than 4% of companies offer them. It’s another vector in the devalued standard of living of the average American.

Essentially, only government employees get pensions now.

The government isn’t subject to the same constraints as the private sector. So it has no problem promising benefits it can’t afford to pay.

That’s because government revenue doesn’t come from the voluntary exchange of goods or services. It comes from taxes, which it extracts via coercion.

Politicians only care about the next election. So there’s no way to hold them accountable in the long term.

They automatically do the most expedient thing in the short term, like promising extravagant pension benefits. In the long term, their successors have to deal with the consequences.

Naturally, not one of the politicians who voted for California’s record pension increase is still in office.

…click on the above link to read the rest of the article…

Owning Gold Is the First Step to “Freedom Insurance”

Owning Gold Is the First Step to “Freedom Insurance”

Owning Gold Is the First Step to “Freedom Insurance”

It’s predictable…

A government in need of cash will turn to destructive “solutions.”

Money printing, higher taxes, and more regulations often come first. Unfortunately, these are just the hors d’oeuvres before a 10-course meal.

As they become increasingly desperate, governments implement increasingly destructive policies. This might include capital controls, price controls, people controls, official currency devaluations, wealth confiscations, retirement account nationalizations, and more.

The same pattern has played out again and again around the world and throughout history. The worse a government’s fiscal health gets, the more destructive its policies become.

This is the root of political risk.

But no matter where you live, international diversification can greatly reduce the threat your home government poses to your personal and financial wellbeing.

You know the benefits of diversifying your investment portfolio. If you put all of your asset eggs in one basket, you could lose your entire portfolio if that basket breaks.

The same idea applies to political risk. If your home country “breaks”—and turns to the destructive policies I just mentioned—you could lose everything.

Most people have medical, life, fire, and car insurance. You hope you never have to use these policies, but you have them anyway. They give you peace of mind and protect you if and when the worst does happen.

It’s no secret that political risk is snowballing in many parts of the world. This is especially true in the US and Europe, where welfare and warfare spending continues unabated. It doesn’t matter which party is in power.

But no matter where you live, international diversification can greatly reduce the threat your home government poses to your personal and financial wellbeing.

You know the benefits of diversifying your investment portfolio. If you put all of your asset eggs in one basket, you could lose your entire portfolio if that basket breaks.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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