No, the ‘soul’ of money is not trust in central banks

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by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: What is the “soul” of money. In a speech last month to Goethe University’s Institute for Law and Finance in Frankfurt, Germany, the general manager of the Bank for International Settlements, Agustin Carstens, declared that the “soul” of money is trust … Read more

This Time Is Different – The Fed’s Next “Minsky Moment”

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By Lance Roberts  “This time is different.” Those are words usually uttered at the peak of bull markets throughout history for stock market investors. However, this time is likely different when it comes to the Fed and their current view of aggressively tightening monetary policy. To understand why “this time is different” for the Fed, we also … Read more

Biden: “What a Stupid Son of a…”

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by Martin Armstrong Remember two weeks ago when President Joe Biden called Fox News reporter Peter Doocy a “stupid son of a b****” for asking about inflation? “Will you take questions on inflation then?” Doocy asked. “Do you think inflation will be a political liability ahead of the midterms?” On a hot mic, the president … Read more

Inflation Reaches 40-Year High at 7.5%

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by Martin Armstrong The price of living in America is completely unsustainable. Inflation soared in January by 7.5%, marking the fastest pace of price gains since February 1982 when the index reached 7.6%. Secretary Psaki attempted to do damage control the day before the report was released by stating that the White House would not … Read more

Federal Reserve to hold unscheduled meeting under “Expedited Procedures” in regards to interest rates.

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Inflation is out of control, Fed has to do something. Emergency rate hike incoming…. Market will meltdown https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm US Fed to hold Emergency "closed door" meeting on 14th February. By classifying it as closed door,@federalreserve may be meaning to withold publishing minutes of slated 14th Feb meeting. Expectation:A Statement accompanied by discount rate hike of50 … Read more

What Happens When Soaring Prices Collide With Tapped-Out Consumers?

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BY JOHN RUBINO  Today’s inflation report was, by any measure, horrific. 7% in a country where 2% was, until recently, the upper end of the government’s target range, pretty much guarantees some kind of aggressive response from the Fed (or the bond or currency markets or all of the above). Here’s the Wall Street Journal’s take on the … Read more

The Metaverse is Primarily for Children

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by Chris Black Current children are the only (living) generation that will perceive experiencing life via an avatar as ‘normal.’ Thus, they are to be inducted as early as possible. (Babies will be blockchained from the womb through the mother’s obstetric healthcare and wellness programmes. It has already been trialled in Africa, I think, Zambia.) … Read more

Made in China Doesn’t Mean Rubbish Products

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by Chris Black People like to blame China for the quality of the product. The Chinese make things to the specifications that the US companies asks for. You can get phenomenal product from China if you spec quality (iPhones for example). But then you can’t pay $5 for something you intend to put a $80 … Read more

Unleash the FED Rate Hike FUD

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by Chris Black BOOM goes the Bullard *BULLARD FAVORS FIRST HALF-POINT U.S. RATE INCREASE SINCE 2000*BULLARD: SHOULD BE OPEN TO CONSIDERING INTER-MEETING INCREASE*FED'S BULLARD FAVORS 100 BPS INTEREST-RATE INCREASES BY JULY 1 Huge @business exclusive interview. — Brian Chappatta (@BChappatta) February 10, 2022 Most Americans don’t own enough in stocks for it to matter. Apple can lose 70% … Read more

Melt-Up Is Here – 80% Correction Afterward | David Hunter

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https://www.youtube.com/watch?v=DJPb86zVf2A Stocks are entering the final melt-up stage, says David Hunter, a contrarian macro strategist with 40+ years experience on Wall Street. He expects the S&P to hit 6,000. But after a euphoric rise, he expects an epic downturn, the largest in the post-WWII era. Stocks could fall as much as 80%. Find David online: … Read more

Should Minimum Wage Implementers be Jailed?

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Via International Man Notice the question posed above mentions implementers, not supporters. The latter consists of, what? 95% of the electorate? We can document that some 2/3 of the voters favor a minimum wage of $15. It is my estimate that virtually all voters favor this law at some level. That is, perhaps at most … Read more