June 18, 2024 | Influence vs Cycles

QUESTION: Mr. Armstrong, I don’t mean to be disrespectful, but it certainly seems obvious just how many governments are using Socrates. The head of Serbia has come out and said we could be in World War III in three months. Orban came out and said NATO was “getting closer to war” every week, and he refused […]

June 18, 2024 | Silver Market Manipulation Adversary Ted Butler Dies

Friends confirmed tonight that silver market analyst Ted Butler, who exposed and became the scourge of silver market manipulation for almost three decades, died Saturday. Butler lived in Florida and wrote about silver market manipulation since 1996. In 2009 he formed Butler Research LLC and began publishing a subscription newsletter. He often scolded the U.S. […]

June 18, 2024 | Why Does the Government Borrow When It Can Print?

In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on both national defense ($498 billion) and Medicare ($465 billion). The interest tab also exceeded all the money spent on veterans, education, and transportation combined. Spending on interest is now the […]

June 17, 2024 | Understanding the Risks of Artificial Intelligence

Geoffrey Hinton, a computer scientist and cognitive psychologist, has long been a leading thinker about artificial intelligence. In this segment with Jon Erlichman, he articulates complex issues clearly enough for a general audience. Worth the listen. Here is a direct video link to part one.  And here is a direct video link to part two. 

June 17, 2024 | A Heist of Tax Dollars

Happy Monday Morning! It was just a few weeks ago when PM Trudeau lamented on the need for affordable housing while at the same time saying housing needs to retain value since it makes up such a large part of people’s retirements. In other words, the prime minister is trying to ride two horses with […]

June 17, 2024 | The Greatest Salesman Who Ever Lived?

“I think Zelensky may be the greatest salesman of any politician who ever lived. Every time he comes to our country he walks away with $60 billion dollars and I like him!” Donald Trump said during a rally over the weekend. As a fellow businessman, Trump joked that he liked Zelensky for “The Art of […]

June 17, 2024 | The Most Splendid Housing Bubbles in Canada, May 2024: Prices Drop Further, -14.4% from Feb 2022 Peak, -2.4% YoY, back to Sep 2021. Spring Rally Dud

Home prices in Canada edged down 0.2% in May from April, the ninth month in a row of declines, seasonally adjusted, according to the Composite MLS Home Price Index from the Canadian Real Estate Association (CREA) today. Condo prices fell faster than single-family prices. From the peak in February 2022, the index is now down […]

June 16, 2024 | Neil Oliver on the Reality

June 16, 2024 | Short Squeeze Blows the Roof Off Stocks

Last week’s rabid short-squeeze punctured bull-market targets I’ve been drum-rolling for months in Microsoft, Apple and QQQ. Moreover, the bullish look of the S&P 500 chart shown above is so clear and compelling that even the most stubborn permabears will need to make room for more upside to at least 6118, a nearly 13% rally […]

June 16, 2024 | The Coming Supercyclical Crisis

You know I’m highly concerned about government debt in the developed world, particularly the US. I’ve said for years a crisis is coming. We’ve blown right past all our chances to avoid it. Now all we can do is imagine what the crisis will look like… and how much it will hurt. This is necessarily […]

June 15, 2024 | Carol Roth: The Death of Property Rights

We all sense that our basic rights are under attack, but the nature of the enemy and the weapons at their disposal aren’t always clear. Here’s a video that spells out the who, what, and how of the New World Order. A few bullet points: Property rights are the bedrock of a free society. Wealthy […]

June 15, 2024 | Danielle on CBC Weekend Business Panel

Here is a direct video link.

June 15, 2024 | Tech Talk for Saturday June 15th 2024

The Bottom Line Investors responded to encouraging U.S. economic news last Wednesday. Core May Consumer Price Index on a year-over-year basis dropped to 3.4%, extending an intermediate downtrend. U.S. equity indices moved higher on the news: the S&P 500 Index and the NASDAQ Composite Index jumped to all-time highs in anticipation of a lower Fed […]

June 14, 2024 | De-Dollarization Update: Saudis Cancel The Petrodollar

Over the past couple of decades, the US has invaded and/or destabilized multiple countries — including Iraq, Libya, and Syria — for accepting currencies other than the dollar for oil. That’s how big a deal the petrodollar was for the Empire. But now it’s over: Saudi Arabia ends petrodollar agreement (Kitco News) – The established […]

June 14, 2024 | The Canadian Housing Bubble Needs To Burst

Real residential house prices in Canada have grown by more than four-fold since 1970. This means that house prices have grown much faster than inflation, and housing unaffordability is extreme compared to the past and other countries like the U.S. Can the housing market in Canada be fixed? This chart shows prices indexed to 100 […]

June 14, 2024 | G7 Dancing with Russian Assets and Poking the Bear

The G7 (Group of Seven) leaders reached an agreement on June 13th to utilize frozen Russian assets in their continued support of the war in Ukraine. However, they dance very carefully with the bear. They are NOT handing the actual assets to Ukraine – the most corrupt country perhaps in the world. The Pandora Papers revealed that Ukraine had […]

June 13, 2024 | IMF Digital Currency to Replace the Dollar

Years ago, when I wrote that Bitcoin was created by the CIA/NSA, some Bitcoiners attacked me and insisted that Satoshi Nakamoto was the creator of Bitcoin.  Yet someone who created such a product never stepped forward and would have been a billionaire on royalties. But this fictional character was not much different than Lee Harvey […]

June 13, 2024 | Tougher For Longer

Yesterday morning, a milder-than-expected US CPI number boosted hopes that the US Fed may soon start lowering its policy rate. Financial markets pooped on the headline, further loosening financial conditions for some publicly traded companies. Then, a more hawkish Fed announcement in the afternoon lowered 2024 cut expectations from 75 basis points (bps) in the […]

June 13, 2024 | Estate Planning: The Big Question

“Getting your affairs in order” requires a lot of sometimes tricky decisions, the biggest and potentially thorniest of which is choosing someone to make sure your assets go where they’re supposed to. The lucky among us will have someone who’s trustworthy and willing to take on the job, but for many others it’s not so […]

June 12, 2024 | Fed Holds Rates – What Tools Are Left?

  The Federal Open Market Committee unsurprisingly voted to maintain rates at 5.25% to 5.5%. The numerous cuts others were anticipating are completely off the table, as the central bank said there might be one reduction for the year compared with their optimistic tone forecast made in March of three rate reductions in 2024. “In […]

June 12, 2024 | Rosenberg Updates on Economic Cycle

This interview offers a lucid top-down review of economic trends and asset markets. Here is a direct video link. As I explained here, I do not share the faith that immigration should prevent Canadian home prices from declining by more than ten percent.

June 12, 2024 | Total US Stocks Grew 11.8 MB Last Week – Lower WTI Prices Ahead

Economic data in the US so far is not supportive of the Fed lowering their Fed Funds rate. Today’s CPI report was benign coming in at 3.4% for core, so the Fed is likely to continue its view that it wants to see a few months of slower economic growth and declining price pressure before […]

June 11, 2024 | People We Should Know: Rep. Thomas Massie

There are maybe 10 currently serving US politicians who have managed to avoid looking corrupt, stupid, senile, and/or mindlessly bloodthirsty in recent years. One of the most interesting of that tiny group is Kentucky Congressman Thomas Massie, a consistent libertarian who is anti-war (including the latest one in the Middle East), opposed to foreign aid, in favor […]

June 11, 2024 | Canadian Home Prices Moving Lower For Math Reasons

It is wildly unpopular to say this, but Canadian home prices need to move much lower. And yes, I, too, stand to lose net worth as they do. Immigration is unlikely to prevent mean reversion here. Immigrants need places to live, to be sure, but historically, it took an average of 7 years before immigrants […]