I feel quite exasperated right now. Everyone knows that the economic numbers that federal bureaucrats in Washington are feeding us each month are fraudulent. It has been that way for a very long time. The employment numbers are a perfect example of this. Every month they give us a headline number that looks pretty good, and then months later they revise it much lower when nobody is paying attention.

That is the game they want to play, and many of us understand that. But this latest stunt that they have pulled is absolutely astounding. More than a million U.S. jobs suddenly disappeared from the numbers, and they would like us to believe that this is perfectly normal.

How are we supposed to have any faith in the numbers that the BLS releases each month if they are off by this much? Continue reading →

Das ist nicht goodenzee! Das ist Shiza!

Das ist zer Weimar Republic or America?

America’s republic will soon be riding a massive economic Leviathan while holding a tiger by the tail, that breaks the limits of an ordinary man’s imagination and stretches the limits of logic and reason, once one looks at the hard, empirical data, a thing I am most often loathe to do, if simply because the topic has a tendency to put people to sleep. But what the American society is about to experience over the next decade is unlike anything man has experienced over the course of human history, and if one manages to survive it, in any good fashion, it will be because they recognized the warning signs and prepared well in advance of the catastrophe. Continue reading →

Workers wages are being devoured, and the economy is shrinking because of it.

Big Beautiful Bill is eating all your money!

Trump’s Big Beautiful Bill has managed to raise the federal debt another $700-billion dollars just during the first four months of his existence in the present fiscal year. Bill did this by handing massive tax breaks to billionaires while helping drive inflation and interest costs and also by leaving about 10-million more middle-class people without health insurance. Bloated Bill is, in fact, creating the largest transfer of wealth to the Trump crowd in US history. Continue reading →

Morgan the Pirate, Jamie Dimon

JP Morgan has reiterated a firmly bullish outlook for gold, even after precious metals suffered one of their sharpest selloffs in decades.

In a note released late Sunday, the U.S. investment bank said it sees $6,300 per ounce by year’s end, noting that the reasons behind the recent move higher remain intact.

“We remain firmly bullishly convinced in gold over the medium-term on the back of a clean, structural, continued diversification trend that has further to run amid a still well-entrenched regime of real asset outperformance versus paper assets,” JP Morgan said. Continue reading →

President Xi of China has announced that he has set China’s yuan on a “strong” course to become a global reserve/trade currency. President Trump has set the US on a course to help him out.

Xi’s plan to position China’s currency, the yuan, for “international trade, investment, and foreign exchange” is perfectly matched to Trump’s plan to destroy the dollar for all of those same purposes. Thanks to the Trump Tariffs against all nations, China is on the road to becoming the alternate trading partner in the United States’ former lead position with a currency big enough to match the dollar’s old role. Continue reading →

Gold’s violent pullback has rattled latecomers to the trade, but for long term investors it may be the last deep breath before a speculative sprint toward $10,000. With forecasts for four and even five digit prices colliding with algorithm driven calls for a parabolic spike, the real question is not whether to own gold, but how to position across miners and ETFs before the next leg higher.

I see the current reset as a chance to build a focused basket of six names, blending one core miner, three complementary producers, and two exchange traded funds that track bullion. The goal is not to guess the exact top, but to use this sell off to assemble exposure that can survive volatility if the $10,000 narrative proves too aggressive, yet still participate if it comes anywhere close. Continue reading →

We just got a massive dose of trade whiplash, as the U.S. trade deficit in goods and services rocketed up 95 percent in November 2025, hitting $56.8 billion. That huge spike, according to the latest data from the Commerce Department, completely undoes the previous month’s perceived progress and proves just how volatile President Trump‘s tariff strategy has made the global economy.

This kind of extreme fluctuation is brutal for businesses that are trying to plan supply chains and investment strategies. According to the New York Times report, the components of the trade deficit tell a very clear story. Exports slid 3.6 percent during November, falling to $292.1 billion. At the same time, imports surged 5 percent, climbing to $348.9 billion. When imports spike and exports drop simultaneously, you’re definitely going to see that trade gap blow wide open. Continue reading →

When the economy and the financial system are both greatly shaken at the same time, the consequences can be extremely painful. Most of you still clearly remember what life was like in 2008 and 2009. It was such a dark chapter in American history. But there have been other times when we have had a financial market crash but no recession. 1987 is a perfect example of that. Of course there have also been many instances when economic conditions have been very poor but the financial markets weathered it just fine

It is actually rare for a major economic crisis and a major financial crisis to occur simultaneously like we witnessed during the Great Recession and the Great Depression. Unfortunately, it appears that this is precisely the type of scenario that we are now facing. Continue reading →