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 …
Freeman’s Perspective has an article here with these interesting quotes from men who have walked on the moon: It was to me like I was just sitting on a rocking chair on a Friday evening, looking back home, sitting on God’s front porch, looking back at the Earth; looking back home. It was really that …
“Let us not talk falsely now, the hour is getting late.” I keep seeing the idea that what the Fed is doing is creating ‘moral hazard’. But what they’re doing is not moral hazard – it is a war crime. They’re not helping Americans in any way, and are instead actively destroying them and their …
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 …
“Typhoid raged all summer, smallpox all winter, malaria at all times of the year.” I haven’t written about the affects of Covid mainly because government, once it has all the power, can do anything it wants. It is almost of no interest, as the lock downs are but one in a string of heinous things …
Bill Cunningham New York I don’t have any interest in New York street fashion but what was interesting was the man behind the lens – Bill Cunningham, a long time street fashion photographer for the New York Times.
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 …
This recent study analyzed the top 100 pop hits from 1965 to the present day, noting instances of positive emotions and negative emotions. The authors included these beautiful charts, which tell the story of America. Here is the chart showing the rise of negative emotions:
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 …
I used to see much more support for Trump. The supporters believed. They believed he was going to do some such thing that they supported – shut out immigrants, reform an industry, arrest people, drain the swamp etc. Whatever it was, they really believed. Now I see much less believin’. He had 3 years to …
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.
More and more people are being banned from the large web conglomerates. Those banned are obviously upset as the majority of their work and time went into building an audience on the platforms. It is hard to feel sympathy for these creators. They bargained for a large audience of mass man in exchange for no …
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 »
