1. Warren Buffett is in the news today after annual shareholder meeting. He sold his stakes in the four largest U.S. airline carriers. I've never seen him sell out of a sector at the lows. I know he is good friends with Bill Gates, so maybe he is just trying to help his buddy accomplish his goal of the next Great Depression. He used to buy into markets in the past. In 2008, he was buying everythin...Read More
"As we were sitting around the board room watching what was happening with prices, it was like watching a train wreck." Continue...Read More
Picking up on our last video about the Newsweek report that the US has been funding bat coronavirus 'gain of function' research at the Wuhan Institute of Virology, we dig further into the "Was covid-19 created in a lab?" debate. Digging into the biochemistry of viruses, we are struck in particular by a genetic string of RNA in covid-19 - specifically the polybasic furin cleavage site PRRA - that h...Read More
Governments and central banks are throwing all the money they can into financial markets to support a flaying global economy rocked to its core from the COVID-19 pandemic.Although the world could see the worst downturn since the Great Depression of the 1930s, Axel Merk, chief investment officer and president of Merk Investments, warned investors: "there will be no free lunch."Merk said that he lik...Read More
Imagine you're on a ship that has struck an iceberg, and you know it's going down. You quickly grab the life vests for you and your family. You rush to the deck to go to the lifeboats, but there you encounter some authority...that is actively taking life vests away from one group of people by force, and giving them to another group of people, and leading them to the lifeboats - deciding who will l...Read More
The FED has opened both doors to the flood gates of irrevocable debt. Record levels of money printing are silently destroying the US dollar. Over 30M jobs have been lost, and the Economic rebound potential is being destroyed day by day. Today I'll uncover the truth behind the headlines, so you can make intelligent decisions around protecting yourself, your families, and your wealth...coming up.Lyn...Read More
"The reality is that we don't know what the right answers are, but it sure would be nice to be able to have a civil discussion about the options."Continue...Read More
There is a lot of conflicting information about Sweden. Some claim that "open" Sweden has no higher infection and death rates than its neighbors, a claim contradicted by this report: Continue...Read More
On a per capita basis, Sweden's Covid-19 deaths are 3 to 5.5 times the other Nordic countries.Continue...Read More
At one time it was the pride of American law enforcement, a symbol of integrity, honesty and incredible courage under fire. But now when we think of the FBI in "action," we think of Continue...Read More
"I think in general they're the right thing, but I don't think they're without consequences, and I think they could be of extreme consequences if pushed far enough. But there would be kind of extreme consequences if we didn't do it as well."Continue...Read More
The economy remains under lockdown, although some states are beginning to relax restrictions. As with so many other aspects of American life, there's been a red state/blue state divide.Continue...Read More
In this week's gold and silver market update with Dave Kranzler of Investment Research Dynamics, Dave covered the latest gold and silver news, including the CME's $7 billion credit facility to protect against a clearing member default.Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberl...Read More
Over the past two years, nobody knew what would trigger the next financial crisis, but just about everyone saw that it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it...Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded start...Read More
To show why deflation comes first and why hyperinflation then becomes a distinct possibility, Mike compares US tax receipts to the Wilshire 5000 Index. What is immediately apparent is the high correlation between them-until recently. It takes two consecutive quarters of falling economic activity to officially declare a recession, but it's clear we've entered one now. This is the deflation. As Mike...Read More
The video, filmed by a bystander, showed the plainclothes officer, who was not wearing a protective face mask, slapping 33-year-old Donni Wright in the face, punching him in the shoulder and dragging Continue...Read More
The people running states like New Jersey and cities like Chicago know they're broke. Ridiculously generous public employee pensions - concocted by elected officials and union leaders who Continue...Read More
Tom welcomes back experienced investment professional David Hunter of Contrarian Macro Advisors to the show. David shares some of his controversial contrarian views on where the markets are heading. He often receives criticism from investors for his differing views. David expects a rebound this summer and fall followed by another pull-back in the market. The market should rally for a few more year...Read More
One week ago, Goldman triggered a selloff in growth and momentum stocks, when it pointed out that the five largest S&P 500 stocks, the FAAMGS (or MSFT, AAPL, AMZN, GOOGL, FB) have risen to Continue...Read More
In normal times, gold bars worth millions of dollars travel the world in the cargo Continue...Read More