Sometimes the hardest thing to do is have patience. You want in…when the whole world is grabbing at something, making it seem like the greatest sure-fire thing in the world to do, it’s easy to get caught up with the herd. Maybe the herd is right and you miss out on a great opportunity, or …
Patience during a Bubble, Or, “The Fine Art of Snoring” as Nock wrote. Read More »
As I said in my last post: Once people realize that prices are moving higher in earnest, they will dump cash even faster, pushing prices even higher. At some point, the people will understand that the Fed has been, is and will continue destroying their society and entire civilization. How long it takes for them …
Home Prices are Now Soaring at “4.5 Times The Fed’s Inflation Target In All US Cities” Read More »
The frenzy begins. Martin Armstrong is reporting that the price of collectibles – including a first edition Batman comic, along with many types of rare coins are breaking records. “People are starting to dump the cash…” Once people realize that prices are moving higher in earnest, they will dump cash even faster, pushing prices even …
Now the Price of Collectibles are Ripping Higher Read More »
In November 2020 the US trade deficit was $68.1 billion. Paid in gold the US would have to send 2.45 million pounds or 35.77 million ounces per month to foreign countries to cover the deficit. The US currently has $484 billion or 262 million ounces in gold. Fort Knox alone has 147 million ounces of …
James Tissot, Young Woman in a Boat On the destruction of American Civilization The boiling frog analogy, as trite as it is, is a great way to understand what is going on. A quote from ol remus:
Summary: “The U.S. budget deficit…will be at least $4 trillion in total, which is $2.6 trillion more than the peak suffered under the Great Recession.” “32 million people collecting unemployment insurance as of June 27th” “Of course, our central bank has destroyed capitalism by ensuring the businesses that still make typewriters and white-out can continue …
The dollar is at 95.12 today, down .73%. I usually wouldn’t comment on this but if it goes below the March low of 94.61 this is going to get ugly quickly. Inflation is already surging for everything – houses, cars, boats, RV’s, even used guitars – see my recent article here. But what will really …
The trend is clear – prices rising rapidly for everything. How long it lasts will be a function of how fast the Federal Reserve wants to drive American civilization into the earth. Right now, warp speed is moving too slow for them. An apt analogy would be like jumping off a cliff, and rather than …
A digital currency is cat nip to central planners. They can’t resist this temptation. The future holds even less power for individuals and more power for the government, and the ability to gain more power over the people through the use of a digital currency is almost unlimited. Certainly the plans have been made, the …
Government takes over the economy The latest headline from marketwatch.com: “Service side of the U.S. economy crashes in April to recession levels, ISM shows” “Only two of the 18 service industries tracked by ISM — government and finance — grew in April…The other 16 industries all shrank.” This data shows what is happening – the …
Here are June’s stats for my zip code in North Florida. The number of listings is falling off a cliff as prices rip higher. Average list price went from 400k to 589k, up 45% from June 2019 to June 2020. Average sale price went from 293k to 335k during the same time period. An average …
Real estate prices have soared through the pandemic? Not so fast says Wolf Richter
The Northern system of government has failed…but they’ll fight to the bitter end to keep it going.
All data cannot be trusted at this point. The government knows that the remnants of American civilization could be lost and they will do everything they can to keep it going. From Zerohedge: “As the following chart from Goldman’s head of European Equity Sales, Mark Wilson, shows companies haven’t sold this much stock in a …
Reuters: It’s unraveling fast. This looks like direct vote buying at this point. The future of American politics is who can give the populace the most money for their votes. Trump says “I support actually larger numbers than the Democrats”. Well I have a feeling the Democrats can come up with a bigger number. Trump …
American Politics: Who Can Give Away More Fiat Money Read More »
I keep seeing articles about the ‘road to recovery’ and that idea is missing the entire point. This fiat system has to go to failure, then something else will be put in its place. The road goes to collapse and then rebuild an entire civilization before it can even think about recovery. Who would want …
Recovery is at the End of the Road, but There are Cliffs in Between Read More »
Real Estate Valuations Post Covid Let’s say someone bought 10 units in 2019 for 1.2 million dollars. Each unit renting for $1,000 a month. He made 10k in gross income and after expenses his net operating income was 6k a month. The mortgage payment was 5k, leaving him with cash flow of 1k a month. …
Real Estate Outlook in a Collapsing Fiat Based Economy Read More »
From Pentonomics: Michael Pento’s Weekly Letter Trampoline Cliff Diving We start this week’s commentary with some rather depressing news from Reuters:
From CliveMaund.com:“Finally, I want to take this opportunity to recommend that you do whatever you can you make sure that you have at least some physical gold and silver in your possession. Very bad times are headed our way and most Americans have no idea what’s coming down the pike. If you have to pay …