There has rarely been a more dangerous perfect storm. We are referring to the government lockdown, which opened the floodgates to a $3–$4 trillion fiscal bacchanalia, thereby causing the Fed to monetize 100% of Uncle Sam’s massive debt emissions to prevent the economy from capsizing. Each of these three assaults on personal liberty, capitalist prosperity,
If Donald Trump’s claims about the “greatest economy ever,” shutting down the economy to save 2.5 million lives, and the V-shaped recovery is bogus, then his campaign promise that the best is yet to come is downright preposterous. The fact is, he inherited a troubled debt- and speculation-ridden economy and the most destructive fiscal and […]
The Virus Patrol has managed to vaporize six years of economic growth in the last 90 days. That’s just by looking at the GDP numbers, where total output in Q2 weighed in at virtually the same level as Q4 2014. However, the real damage is far deeper. It’s reflected in the millions of small businesses […]
Recently, the price of gold broke above $2,000 for the first time ever, and our precious metals stocks have been soaring. As of writing, we are up 133% in our position with Metalla Royalty & Streaming (MTA), which means we’ve more than doubled our money in about four months. If you made a big profit […]
Today the price of gold shot to an all-time high, and our precious metals stocks are soaring. As of writing, we are up 108% in our position with Wheaton Precious Metals (WPM), which means we’ve more than doubled our money in less than four months. If you made a big profit on Wheaton, congratulations. We’d […]
The first paragraph of a recent WSJ story is very telling: “US stocks are on the cusp of wrapping their best quarter in more than 20 years, a remarkable rally after the coronavirus pandemic brought business around the world to a virtual standstill.” They got the bolded part right. Here’s the “standstill,” and there has been […]
April has always been a surplus month regardless of war, pestilence, or depression because that’s the month in which Uncle Sam collects on last year’s income. Last April, for instance, the monthly surplus was $160 billion, and in April 2018, it was $214 billion. Not this year. The plunging red line in the chart below […]
According to the CDC‘s long-established mortality models, 904,000 Americans were supposed to die during the 16 weeks between February 1st and May 16th. But the CDC’s latest report shows that only 877,000 deaths have been recorded, to date. So, the Grim Reaper has apparently been deprived of his seasonally-adjusted quota, even as upwards of 27,000 families were spared, […]
The $2.2 trillion Everything Bailout, the Fed’s insane money-pumping, and Nancy Pelosi’s impending COVID spend-a-thon amount to the most massive, instantaneous eruption of socialism in US history. Confronted with the emergency of the Great Depression and what were already three-year-old bread lines, FDR would have been green with envy had he accomplished even 10% of […]
Ground zero of the real COVID-19 hysteria in this country is Washington DC. In a mere blink of the historical eye, every known rule of financial discipline, prudence, and rationality was set aside by both the fiscal and monetary authorities. On the fiscal side, the $2.2 trillion “Everything Bailout” did not even come from misguided […]
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