The Strangest ‘Safe Haven’ Asset Ever?

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BY JOHN RUBINO Not so long ago, companies that make recreational vehicles were great indicators of market tops. Since RVs were frequently the final pointless toy that people bought (after motorcycles, boats, and massive pickup trucks) in the debt orgy that defines late-stage credit bubbles, booming RV sales often presaged a stock market crash – which … Read more

Germany Goes Full Clown World

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by Chris Black A literal aristocrat was a candidate for a hardcore Maoist party in Germany. 🇩🇪🗳️ La baronne Louisa von Freytag Löringhoff, candidate pour le MLPD (maoïste) dans la circonscription de Gotha – Ilm-Kreis, a obteu 413 suffrages. pic.twitter.com/W6utu7ebuE — mathieu gallard (@mathieugallard) September 26, 2021

NATO is Going Extinct

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by Chris Black Greece and France are forming a new military alliance to protect Europe from Turkey.  Goes without saying that the status quo in Europe is awful, but it’s a positive development in a post-American direction.  Europe historically has been forced by the US to tolerate Turkish harassment, including waves of migrants. Macron is … Read more

For a Minute, I Thought This was in the US

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by Chris Black My opinion of the police intensifies each day. Rare white stag shot dead on street by police in Merseyside https://t.co/6iQZufgCPg — BBC News (UK) (@BBCNews) September 28, 2021 The RSPCA recommended leaving it alone as it would eventually make its own way home, but Merseyside police decided it’s better to kill it … Read more

US Home Price Growth Hits 20%! While Fed’s Inflation Target Is 2% (Phoenix AZ Growing At Whopping 32.4% YoY!)

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by confoundedinterest17 The Federal Reserve is dominating the news today as two Fed regional Presidents have resigned (Rosengren [Boston] and Kaplan [Dallas]) for trading irregularities. Speaking of The Fed, their target rate for inflation is 2%. Yet the Case-Shiller 20 metro home price index just rose to 20% YoY for July. Yes, house price growth … Read more

First Female Majority Parliament In Europe? Not Yet, Shows Iceland Recount

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The world had briefly believed Iceland had created history by electing a female majority govt. Initially, Iceland hailed the apparent female-majority in parliament as a landmark achievement.However, recounting showed that the country had just fallen short of creating history. Had Iceland’s women leaders won 33 seats, the country would have crossed the 50% mark to … Read more

Cumbre Vieja volcano continues to erupt

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https://www.youtube.com/watch?v=sxo2rlfgWgw The volcano’s activity decreased for some time on Sunday but raised again at the beginning of the week. The eruptions prompted evacuations of at least 7,000 people from numerous villages. Hundreds of local residents living along the coast stayed at home on Monday over the threat of toxic gases which would get released if … Read more

Janet Yellen: Treasury To Exhaust “Extraordinary Measures” If Congress Doesn’t “Raise Or Suspend” Debt Limit By October 18

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From the Department of Treasury (pasted in its entirety below): September 28, 2021 The Honorable Nancy Pelosi Speaker U.S. House of Representatives Washington, DC 20515 Dear Madam Speaker: I am writing to follow up on my previous letters regarding the debt limit and to provide additional information regarding the Department of the Treasury’s ability to continue to … Read more

Gold Breakout Coming? The Picture Looks Dramatic

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by John Rubino of Dollar Collapse Sometimes it helps to zoom out a bit. For gold (at least when priced in US dollars), the past few years’ action has seemed boring, one might even say directionless. But move the starting date back and flip the graphical relationship between metal and currency, as 321Gold’s Stewart Thompson recently did, and … Read more

Democrats Hate Small Business – the Bourgeoisie

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by Martin Armstrong Former Sen. Heidi Heitkamp, who is a Democrat, says Biden’s plan to tax assets at death would hurt family businesses. Indeed, it would destroy small businesses, for it would be impossible for the family to pay such a tax without selling assets and firing people. Part of the agenda of Marxism is to … Read more

Awaiting The Final Flush

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by David Brady via Sprott Money Powell’s key remarks from Wednesday’s FOMC: “If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted.” – Source “Powell: Fed Could ‘Easily’ Start Taper at November FOMC” – Source “Powell: Taper Announcement Could Come as Soon as the Next FOMC Meeting” – Source … Read more