On Wire

Sales fall for second year in a row, as car sales collapse further and truck sales barely tick up. By Nick Corbishley, for WOLF STREET: Sales of passenger cars and light trucks in Canada fell 3.7% to 1.91 million vehicles in 2019, the second year in a row of declines, and were down 6.1% from peak-year 2017, according to … Read more

by Fabius Maximus  Summary: This is one of the best essays I’ve seen about the causes of Brexit, going beyond Britain’s elites (and their journalist servants) blaming the ignorant racist proles (which conveniently excuses them of any responsibility). Professor Mark Blyth shines a light on the real forces at work, and shows how the US has similar problems. … Read more

Money manager Michael Pento says, “I have 10% of my portfolio in gold, and I am going to increase that. I would think you need at least 10% in gold, physical gold, right now. If you don’t have that, then you are doing yourself a great disservice. I include gold, silver and platinum in the … Read more

United States Secretary of State Mike Pompeo Reveals What John Kerry and the Obama Administration are Doing Behind the Scenes   h/t dr0id

FULL STATEMENT: President Trump On Military Involvement He died, Trump has now killed the leaders of ISIS and the Al Quds force. Obama was a twit.   h/t Jake

by Fabius Maximus  Summary: During the past decade we have deployed our most skilled warriors and most advanced technology in a massive assassination program with few precedents in history. This put the power of evolution to work for our foes. It is called the Darwinian Ratchet, a well-known concept in science and proven in war. I … Read more

by WARREN MOSLER Deeper into contraction: The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “The December PMI® registered 47.2 percent, a decrease of 0.9 percentage point from the November reading of 48.1 percent. This is the PMI®’s lowest reading since June … Read more

by northmantrader Recently an annual ritual took place. Wall Street analysts setting year end price targets for the S&P 500 for the new year. Don’t act surprised but these latest price targets are higher for 2020. Why is it not a surprise? Because Wall Street always projects higher price targets. No matter what. And Wall … Read more

by DCG Demorats have their panties in a wad over President Trump ordering the drone killing of Iranian militia terrorist, Qasem Soleimani. As noted by Ben Shapiro, “According to Democrats, giving the Iranian terror regime access to hundreds of billions of dollars with no restrictions on terror use or ballistic missile testing was good, and killing the terrorist responsible for … Read more

Mike & Half Dollar are your hosts for Silver Doctors Live. We currently live-stream on Mondays, Wednesdays and Fridays at 11:00 a.m. EST. Watch the show live, or the replay of it, in its entirety below! Link to the Silver Doctors YouTube Channel if needed: https://www.youtube.com/silverdoctors Trump just ordered a strike that killed Iran’s top general, and then Trump … Read more

https://youtu.be/gngDKsn8j9M  

Just a reminder.

via Zerohedge The Fed’s charter prohibits it from directly purchasing bonds or bills issued by the US Treasury: that process is also known as monetization and various Fed chairs have repeatedly testified under oath to Congress that the Fed does not do it. Of course, the alternative is what is known as “Helicopter Money”, when … Read more

by Simon Black Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. Professor Blames Private Property for California Wildfires A public takeover of utility companies is not enough, according to Kian Goh, Professor of … Read more