SPACs Tank. Are NFTs Next?

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BY JOHN RUBINO Towards the end of financial bubbles, two things generally happen. First, legitimate ways to put capital to work become scarce as prices outrun expected cash flows. Second, large numbers of traders, who have grown used to seeing everything they buy go up, start chasing “innovations” with exciting stories but (in retrospect) insanely … Read more

David Stockman on the Deeper Roots of Today’s Inflationary Policies

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Via International Man The pre-1971 history proves beyond a shadow of doubt that you don’t need a fixed rate of inflation to enable economic growth, as today’s central bankers and their Wall Street acolytes endlessly insist. And it also reminds us that there is not some innate tendency for the currency to relentlessly depreciate. Today’s … Read more

Preserving Capital through Bankruptcy

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by Doug French via Mises The New York Times recently published a piece entitled “When Kmart Moved Out, Churches and Flea Markets Moved In.” The article, penned by Kevin Williams, provides an instructive subtitle: “The retailer’s former stores are being used by tenants that might not typically get a crack at such a large haul of commercial space at an … Read more

Now that late night entertainment is so politicized, it’s not surprising that conservatives have finally found a late night host that shares their worldview.

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  GREG GUTFELD IS HUMILIATING LIBERAL LATE NIGHT HOSTS: On Tuesday, Fox News’ Greg Gutfeld (Gutfeld!) got higher ratings than both one-note liberal hosts Stephen Colbert (The Late Show, CBS) and Jimmy Fallon (The Tonight Show, NBC). Gutfeld drew 2.1 million viewers to Colbert’s 1.9 million and Fallon’s 1.2 million. Even better, Gutfeld won in the coveted … Read more

Fed suspends GDP nowcast data tracker

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Nothing to see here folks! https://t.co/VPCkEuDw4Y — Jack Posobiec (@JackPosobiec) September 3, 2021 Appears to have been a GDP/Economy forecaster that gave a wide range of arbitrary values to cherry pick the positive-sounding ones from. They appear to be suspending it because they couldn't find any positive values to cherry pick. — Mitchell Stadtlander (@mitchstadt) … Read more

Who’s Going to Be Left Holding the Bag?

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From Birch Gold Group The old joke goes: “How can you tell when a lawyer is lying? Their lips are moving.” Now there is a new joke, according to Charles Hugh Smith. “How can you tell when a big economic bubble is forming? When Wall Street tells Main Street, ‘It’s not a bubble.’” Smith proceeds by leveling … Read more

Bullion Will Be Impossible To Find In A Crisis

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James Anderson on Palisades Gold Radio James discusses traveling through Turkey recently and seeing Istanbul’s impressive ancient architecture. There is considerable bullion demand in Turkey particularly due to ongoing issues with their currency. The people there are suffering and barely able to stay above water. If you buy bullion you want to have a long-term perspective. When … Read more

The Media reaction to the Texas Abortion Law is concerning.

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by TheCicc From the reaction by the media in regards to the new Texas abortion law, one might’ve thought that abortions were entirely outlawed. This is what actually happened according to the Associated Press: ”The law prohibits abortions once medical professionals can detect cardiac activity, usually around six weeks…” From the reaction by the media it … Read more

A lage percentage of comments are chatbots.

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A pair of chatbots has recently done something children often do: create a secret language. Last month, researchers at Facebook found two bots developed in the social network’s AI division had been communicating with each other in an unexpected way. The bots, named Bob and Alice, had generated a language all on their own: Bob: … Read more

Another Tropical Storm Headed Toward Louisiana?

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Lightening strikes twice in a month? After being ravaged by hurricane Ida with months/years of aftermath and 700k still without power, NHC is forecasting a 30% chance of another Tropical storm headed toward the Louisiana coast.   ZCZC MIATWOAT ALL TTAA00 KNHC DDHHMM Tropical Weather Outlook NWS National Hurricane Center Miami FL 800 AM EDT … Read more

The State Department has sought ‘urgent guidance’ from other agencies after purported child brides were brought to Fort McCoy in Wisconsin

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U.S. officials are looking into reports that in the frantic evacuation of desperate Afghans from Kabul, older men were admitted together with young girls they claimed as “brides” or otherwise sexually abused. U.S. officials at intake centers in the United Arab Emirates and in Wisconsin have identified numerous incidents in which Afghan girls have been … Read more