World debt has now officially crossed $300 TRILLION And still continues to climb aggressively This will not end well…

Our quarterly bar chart race on the evolution of global international reserves is out. Recently gold overtook the euro, and soon will be challenging the dollar!

Wow… +10,000 millionaires fled the UK last year.

Enda verre i Norge…

Summary of the last 5 days in gold: US paper traders shorted gold while China was on holiday. Chinese traders bought physical gold upon returning from holiday. Lost amidst the noise: China increasingly controls global gold prices, which has major implications for FX over time.

BREAKING: 🚨 Antarctic ice now showing signs of record-breaking growth.

🚨BREAKING: FED “NOT QE 💵🖨️ The Fed bought $14.8 billion worth of 10 year bonds today. This is on top of the $20 Billion it bought yesterday. That’s $34.8 Billion in 2 days. “NOT QE”

The most valuable economic concept for children: subjective value. Understanding that value isn't intrinsic to things but depends on individual preferences counters collectivist thinking.

According to Jeff Gundlach, Scott Bessent discussed extending maturities and lowering coupons on Treasuries held abroad. This is tantamount to a default. The fact that a sitting U.S. Treasury Secretary is speaking publicly about default should cause foreigners to dump Treasuries.

gullerpenger.no/publikasjoner/… Mange, fra Elliot Wave-eksperter til de som klamrer seg til dollaren, spør om vi har nådd øyeblikket for «peak gold»? Bevisene, og svaret, er: Nei.

The investment industry relies on everyday, ordinary people not understanding markets. Their goal is to increase assets under management and skim a small percentage off the top overtime. You take all the risk, they profit when your portfolio increases, they take their fees when

Without incentives, there is no progress or freedom.

“Price controls have been imposed repeatedly for more than two thousand years. They have always failed, yet they have been repeatedly resurrected.” - Milton Friedman ✍🏻

🎯

Government bonds = the true shitcoins.

"They agree that chess training only improves chess skills but disagree that classroom training (almost) only improves classroom skills." - Nassim Nicholas Taleb

"And prosperity is best achieved by preventing bureaucrats from interfering with things they will never understand." - Nassim Nicholas Taleb

Den sanne kostnaden ved å forlate Says lov Keynes forkastet Says lov for å finne opp makroøkonomi - en ikke-vitenskap full av feil, anti-marked og pro-statlig innblanding. Dette har ført til dagens stadig mer synlige krise. gullerpenger.no/publikasjoner/…

I've definitely had much worse company! And I will not claim I am a worthy addition to the other two. But my book is worth checking out--and is free to order from the Mises Store. (Image per Amazon.)

Great chart. Note that debt is very close to exponential, and without major entitlement cuts soon will be.