April 28, 2023 | Elon Musk Makes Another Gamble

  Elon Musk, founder and CEO of the leading electric vehicle company Tesla, is making a possibly reckless gamble that will affect the automobile industry deeply. After several price cuts the most popular Tesla Model Y is now less expensive than the average new car in the U.S. Will Elon’s latest gamble pay off? Tesla’s […]

April 28, 2023 | How the War on Crypto Triggered a Banking Crisis

According to an article in American Banker titled “SEC’s Gensler Directly Links Crypto and Bank Failures,” SEC Chair Gary Gensler has asked for more financial resources to police the crypto market. Gensler testified at an April 18 House Financial Services Committee hearing: [Crypto companies] have chosen to be noncompliant and not provide investors with confidence and […]

April 28, 2023 | Trudeau Claims He Never Forced COVID Vaccinations

Schwab’s favorite Young Leader is rewriting recent history by claiming he never forced the COVID vaccinations on the public. WHAT?! This man prevented people from exiting or entering the country without their shots. He shut down Canada’s economy, stifled all media outlets from questioning the COVID narrative, froze bank accounts of vaccine protestors, and made […]

April 27, 2023 | The S.E.C. and BlackRock Blink on SLV

The big news is last night’s release of the new short report on stocks, which indicated a massive 25 million share reduction in the short position on SLV, the big silver ETF, as of the close of business April 14. The short position on SLV fell from 41.5 million shares to 16.3 million shares, the […]

April 27, 2023 | Fed’s Balance Sheet Plunges $171 Billion in Five Weeks since Peak Bank Bailout as QT Continues and Liquidity Support Cools

The Federal Reserve’s balance sheet, released today, dropped another $30 billion for the week, to $8.56 trillion, bringing the plunge in the five weeks since peak bank bailout to $171 billion, as quantitative tightening (QT) continued at the normal pace and liquidity support shifts and unwinds, though First Republic seems to be sucking hard on […]

April 27, 2023 | Two Experts Agree: Home Prices Are Headed Down Hard

Wealthion’s Adam Taggart tried something different today. Instead of interviewing an expert, he had one expert interview another. It worked perfectly, producing a great discussion with chilling conclusions: If you’re in real estate as either a buyer or seller, the tenor of the market is about to change dramatically. If you’re a landlord, expect a “painful, […]

April 27, 2023 | REMINDER: Inflation was at 1.4% When Biden Took Office

Inflation was only 1.4% when Biden took office. He began implementing policies on his first day that directly created the energy crisis in the US. He refused to reopen the economy under the pretense of COVID for as long as possible, disrupting the supply chain and damaging small businesses. Biden has created multi-trillion dollar spending […]

April 26, 2023 | Tucker Carlson’s Exit Tanks Fox News

 Fox News fired their most popular reporter a day after the Dominion settlement. Within minutes, Fox lost $1 billion in market capitalization. Carlson claims that he amicably parted ways with Fox, but the timing is no coincidence. He tore into media agencies for forcing COVID vaccinations on employees during his last broadcast. When a […]

April 26, 2023 | You Can’t Taper A Ponzi Scheme

You probably hear the term “Ponzi scheme” tossed around frequently out there, but you may not know what it is and why it matters. So here’s a little background from Wikipedia: A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.[1] Named after Italian businessman Charles Ponzi, the scheme leads victims to […]

April 25, 2023 | “They” Explained

People often ask who I am referencing when I refer to “they.” THEY are the leaders of the pack; the neocons. They are the people who create endless wars and use the people as their toy soldiers for war games—we are the toys. None of these wars affected our way of life and we had […]

April 25, 2023 | Jimmy Dore: Is This Why Tucker Carlson Was Fired?

April 24, 2023 | The Banking Crisis Of All Time

QUESTION: Mr. Armstrong, Your knowledge and database on financial crises is really unprecedented. I googled the first banking crisis and it brought up only the Crisis of 1763, which started in Amsterdam. Yet that list published in the WSJ which showed 1683 as the first panic and the siege of Vienna was most interesting. I know you […]

April 24, 2023 | Capital Preservation First

 Capital preservation first, capital growth second.  The greedy and the impatient will get mauled in this bear market.  

April 24, 2023 | Sentiment

Happy Monday Morning! We’ve talked a lot about immigration. Remember, the Feds targeted 430,000 permanent residents in 2022 and hit those with ease. Those targets have been set even higher moving forward. However, the real issue here is these figures do not include non-permanent residents. It seems strange to omit these people considering the fact […]

April 23, 2023 | Can The Euro Be Saved?

With all the talk about de-dollarization, this might be a good time to consider the world’s second reserve currency, the euro. Spoiler alert: It’s not a pretty picture, and Germany, believe it or not, is largely to blame. It didn’t have to be this way For most of the post-WWII era, Germany was the country that got it […]

April 23, 2023 | It’s All Good, Sort of…

Readers will be pleased to hear that Alissa Heinerscheid, the Anheuser-Busch marketing whiz responsible for featuring Dylan Mulvaney’s unwholesome mug on cans of Bud Light, appears to have lost her job. A-B reportedly put Heinerscheid on a leave of absence, replacing her with a senior executive.  Since the megabrewer is unlikely to promote Alissa, and […]

April 23, 2023 | Twitter Corruption Went Deeper Than We Thought

  We knew Twitter was corrupt before the Musk takeover. We knew that Twitter had verified fact-checkers and the ability to de-platform individuals of power, such as then-President Trump. Yet, this piece of information has been swept under the rug. The government had backdoor access to view every user’s private messages. All of them! “The degree […]

April 23, 2023 | Still Rethinking the Fed

Back before clocks went digital, you could say “a stopped clock is right twice a day” and even youngsters would know what you meant. A mechanism could be nonfunctional but occasionally correct. So it is with the Federal Reserve and its leaders. They make many mistakes but sometimes get it right. They are doing so […]

April 22, 2023 | The Contagion of War

QUESTION: You have suggested that we will end up at war with China, Russia, North Korea, and even Iran simultaneously. How does Socrates conclude such an event that perhaps never happened in the past? ER ANSWER: Your assumption that such a thing has never happened is not correct. Periods of war of this nature unfold […]

April 22, 2023 | Trading Desk Notes For April 22, 2023

Stock indices stuck in a narrow range For most of April, the premiere American stock indices have been stuck in a narrow range as economic data and Fed speakers deliver mixed signals. Volatility metrics are at or below one-year lows, and some folks view 5%+ money market yields as a better investment than stocks. While American indices drift quietly sideways, European, Japanese […]

April 22, 2023 | Back to ZIRP?

Good big picture discussion in this segment. When today’s guest was last on this program in early February, he warned that markets were “in La La Land” — meaning they were too optimistic at a time the macro data was warning of an approaching recession. Well, here we are, a quarter later and — after […]

April 22, 2023 | Tech Talk for April 22nd 2023

The Bottom Line Focus this week is on quarterly reports: Four of the biggest market cap companies in the U.S. are scheduled: Microsoft and Alphabet on Monday, Meta Platforms on Wednesday and Amazon on Thursday. In addition, six Dow Jones Industrial Average companies are scheduled to report. Most quarterly reports released to date have nicely […]

April 21, 2023 | Goofy Conclusions From the Silver Institute

(Here’s brief excerpt from Wednesday’s article to subscribers) Hot off the press is today’s just-released world annual silver survey from the Silver Institute. As previewed a couple of months back, the Institute is reporting flat total supply (mining plus recycling) and sharply increased demand growth of 18% or 186 million oz, resulting in the highest […]

April 21, 2023 | Is Everybody Lying?

It took a while, but some of the biggest “official narrative” scams and cons of the past few years are finally being exposed. High-ranking US officials have apparently been lying about public health, election integrity, and (of course) war. Among the things that have just come to light: The Secretary of State created the laptop letter […]