With the exception of 2006-8, when I repeatedly warned my colleagues at Lehman Brothers of an impending US real estate crash, I don't normally opine on the topic. Recently, I was asked to do so, and yes it's going to happen again, this time in commercial: youtube.com/watch?v=YdemwG…

'Some evolutionary biologists believe that so-called endurance hunting was central to the development of homo sapiens. The abilities required for groups to track large game over long distances favoured superior cognitive function and social skills.' fortuneandfreedom.com/the-city/born-…

The #US economy may appear strong on the surface but looking beneath one sees a private sector already slipping into recession. You can't tax, borrow and spend your way to prosperity, although that's exactly what the government would like you to believe.
fortuneandfreedom.com/the-city/anoth…

OK, so #Johnson is toast. Understandable and inevitable it seems. But what does this mean? Who steps up? What is the new agenda? Will the Congress begin to act independently of the executive or no? It's a strange time in #US politics to be sure.

People (rightly) sing the praises of the low-tax jurisdictions in which they live. In Europe, these are tiny and expensive. The #UAE appeals to some but is a bit farther away. Wouldn't it be great if there were a large, diverse European country with low taxes? Oh wait...

The gloves are off in the halls of government in the world's most powerful country. Similar things happened in #Rome long ago but they're happening right now in the #USA . Et tu Brute?

'The most important thing to remember is that #inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.' -LvM
Great article here from Daniel Lacalle: dlacalle.com/en/governments…

The US is simultaneously losing wars for control of #Africa , #Ukraine , the #MiddleEast . It's quite a feat to be losing on three global fronts at the same time, but the bigger your global military presence, the greater the chance of it happening. Just look at the British Empire.

'Defects of #gold ...' Something created by #MotherNature , #God , take your pick, has 'defects'? Really? Gold has the lowest reactivity+entropy of any substance in the known universe. By contrast, #bitcoin , as with all things man-made, has high entropy and can be corrupted by man.

Anyone who thinks this #Iran v #Israel confrontation is LESS dangerous than the Cuban missile crisis, please explain why.

f I wanted to go to war with #Iran , I would first make certain that their most powerful ally, #Russia , was militarily preoccupied elsewhere and thus unable to offer much assistance. Oh wait...

As posted a few days ago: 'It is not the mere quantity of #gold demanded that is shifting; rather the gold demand function itself. Given the unsustainable debt trajectory, more gold is demanded at even higher real interest rates. This is what a debt+devaluation trap looks like.'

As posted a few days ago: 'It is not the mere quantity of #gold demanded that is shifting; rather the gold demand function itself. Given the unsustainable debt trajectory, more gold is demanded at even higher real interest rates. This is what a debt+devaluation trap looks like.'

Er, ah, no. There is still inflation: monetary, price and the most odious of them all: a$$hole. Yes a$$hole inflation. It's everywhere! You've won nothing, other than justifiable pubic opprobrium.

Those who know the history of the Cuban Missile Crisis and Cold War might see the possibility that the next few days are comparably dangerous. If cooler heads don't prevail, nukes may well fly. Regardless, pls consider who has put us in this situation and treat them accordingly.

It is not the mere quantity of #gold demanded that is shifting; rather the gold demand function itself. Given the unsustainable debt trajectory, more gold is demanded at even higher real interest rates. This is what a debt+devaluation trap looks like.
zerohedge.com/markets/inflat…

Debt, deficits, debasement... inflation, stagflation, war... As JFK famously said, 'Our problems are man made; therefore they can be solved by man.' Well, yes, but what would that require? Quite a lot if you ask me.
youtube.com/watch?v=Hanm_Y…

A deep dive on the U.S. debt and fiscal situations, and why a currency collapse may be inevitable, with Matthew Piepenburg of Von Greyerz AG and John Butler of Southbank Investment Research

youtu.be/Hanm_Y4-W2Y?si…

I wonder: What is the average tax rate of the #Falklands ? 10%? 20? If #Milel is smart he will simply offer them something even less. After all, who on the other side of the world would want to remain part of high tax, omnishambles #Britain ?
telegraph.co.uk/world-news/202…

Hi ho #silver ! About time... but here we go. Unlike in 2011, this rally has vast fundamental support as physical stocks have drained so dramatically to meet demand.