The choice is simple: housing is either shelter for citizens, or it’s just another interchangeable speculative asset in the global financialization casino. It can’t be both. We tend to think of housing becoming unaffordable as a matter of land prices, zoning and the cost of 2X4s, but it’s fundamentally a matter of values. Subscriber John summarized […]
Unemployment claims jumped but it’s not Federal in nature. Today, the US Department of Labor released Unemployment Claims for the week ending February 1. This included data on initial unemployment claims. Initial Unemployment Claims Initial Claims and 4-Week Average DOGE, Random, or Something Else? The Department of Labor data rules out DOGE. “Initial claims for UI benefits […]
President Trump recently issued an executive order instructing the US Mint to stop producing pennies. The reason for this is it costs nearly four cents to produce one penny. That’s right: the US government can’t even make pennies without losing money! President Trump may have signed the death certificate, but the Federal Reserve is the […]
President Trump is shining a light into darkness and part of this darkness is the truth about the Ukraine conflict. It must end. There must be compromise. The death toll is catastrophic. I would go one step further and say that the academics, journalists, and politicians who have actively, deceitfully lied about this conflict, particularly […]
On the third anniversary of invasion, Trump says he’s talking to Moscow about an economic development deal. U.S. Votes Against U.N. Resolution Condemning Russia for Ukraine War Earlier today I told a friend that Ukraine better sign a deal on mineral rights or Trump would work out a deal with Russia. And here we are. […]
Have you noticed that there has been a very alarming rise in volcanic activity in recent months? According to Volcano Discovery, 38 volcanoes around the globe have recently erupted, and dozens more are showing signs of either unrest or minor activity. In all my years, I have never seen anything quite like this, and I am entirely convinced […]
“The revelations that are coming for America possess the potential to reshape our entire notion of the relationship between citizen and state.” — El Gato Malo on Substack This perspective aligns with the vision that Stacey Abrams has for the country. You’ve got to wonder how the Party of Chaos thought they would get away […]
Well, the country is still divided, with the Democrats screaming about DOGE. I would love to see Chuck Shummer in handcuffs and sent to Riker’s Island, where he belongs. All we hear is how evil Musk is, and that he is UNELECTED. I do not recall ever voting for the head of any agency. They […]
International Man: At $1.1 trillion, annualized interest on the US federal debt is now the second-largest budget item—and is on track to become the largest. This could lead to discussions about the need for a Monetary Reset. Meanwhile, long-term interest rates are climbing, even as the Fed lowers short-term rates. Can the US government keep kicking […]
“It was the single most important financial event of my career.” My friend and resource investing legend Rick Rule once shared this with me, reflecting on his experience in the uranium market during the last bull cycle—where extreme supply and demand imbalances triggered massive booms and busts. Rick was referring to Paladin Energy, a uranium […]