Jim Rickards: A Trillion-dollar Game of Chicken

by JAMES RICKARDS Most of my readers have followed the ongoing debates in Washington, D.C., about the $1 trillion infrastructure bill and the $3.5 trillion welfare bill now pending in Congress. Here’s a quick recap of the state of play: The infrastructure bill is only about one-third related to real infrastructure such as tunnels, bridges, roads … Read more

Military to deploy “robot dogs” with 6.5mm assault rifles mounted to their back

Ghost Robotics and SWORD International have teamed up to create a rifle-toting “robot dog.” Called the Special Purpose Unmanned Rifle, or SPUR, the system adds a 6.5mm Creedmoor rifle from SWORD to one of Ghost Robotics’ quadrupedal unmanned ground vehicles, or Q-UGVs. The SPUR made its debut on the show floor at the Association of … Read more

CPI above 5 for 4 months in a row. The last 2 times CPI was this persistently high was in the middle of the 1990 and 2008 recessions.

https://twitter.com/NorthmanTrader/status/1448268386006441987 Deutsche Bank’s Sewing Says Higher Inflation Likely Persistent — zerohedge (@zerohedge) October 13, 2021 Big 3 letter unaccountable bureaucratic organization warns 😳🤣NOW ✅ pic.twitter.com/92dx8J1XA6 — bob gonzales (@BobgonzaleBob) October 13, 2021 ⚫⚫ COAL ⚫⚫ pic.twitter.com/mGB3jT34An — Win Smart, CFA (@WinfieldSmart) October 13, 2021 remember when Subway had the $5 footlong? it's now $6.75. 35% … Read more

Take a good look all around. EVERYTHING is slowly becoming unhinged or disconnected from normality. The first domino has been pushed.

https://twitter.com/PuffDragon11/status/1448014888568115200 Valuations are coming down. The forward P/E has already compressed by three points (from 23x to 20x), and more is likely on the way. pic.twitter.com/V6iYeOBPv0 — Jurrien Timmer (@TimmerFidelity) October 12, 2021 Home Sales are Falling Apart As Appraisals Are Under the Agreed Price 20% of home sales are above the appraised value. Deals … Read more

California Mandates Forced Tranny Toys

by Chris Black It seems like there’s a shortage of toys for trannies, and the state must step-in and, you know, do something, in order to avoid (checks notes) wrecking the economy, or something. California became the first state in the nation Saturday to adopt a law requiring large retail stores to provide gender-neutral toy … Read more

The Future of Direct Taxation

by Jeff Thomas via International Man The image above may be considered by some as unfair, as it suggests that taxation is a form of robbery. Well, let’s check the dictionary for a definition: “Robbery is defined as taking away of goods or property by force or intimidation.” Well, that certainly fits the bill. Of course, … Read more

JOLT! Over 2 Million More Job Openings Than Unemployed Workers

by confoundedinterest17 This is a very distorted economy thanks to massive Federal government fiscal stimulus and Federal Reserve monetary stimulus. Today’s JOLTs report (job openings) shows a record number of US job openings. And a record number of job quits. But the interesting bizarro number is job openings (10,049,000) versus US unemployed (7,674,000). The difference is 2.055 … Read more