Fed End Game or “Ending the Game of Fed”

US debt is currently ~$29 trillion – up ~$6 trillion in 2 years. All signs are Joe “10% for the Big Guy” intneds to double that rate this year even as supply chains are incapable of handing the modest economic growth to date. No surprise, the 14% inflation we’re seeing (yes – it’s 14%) isContinue reading “Fed End Game or “Ending the Game of Fed””

Doomberg on Powell

While far from being a fan of Jerry “The Put” Powell, Dormberg does a great job highlighting the banana republic in which we live. https://doomberg.substack.com/p/jerome-powell-is-finished The elephant in the room is whether you’re going to be renominated. Renominating you means gambling that, for the next five years, a Republican majority at the Federal Reserve, with a Republican chair who has regularlyContinue reading “Doomberg on Powell”

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation”

Vladimir Ilyich Ulyanov aka Vladimir Ilyich Lenin Total household deposits have reached an all-time high level approaching $4.2 trillion and appear to be exceeding escapte velocity. As reported in Wall Street on Parade, Senator Cynthia Loomis (R-WY) asked Chairman Jerome “Wizard of Oz” Powell what he thinks will happen to inflation if even a fractionContinue reading ““The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation””

Bankrupt State – Spiking Inflation

History teaches that oligarchies and their statist allies (“public-private partnerships”) suck the life out of a nation and its economy as soon as they get a bite on sufficient power. Yet, a lot of people support this dynamic – PPPs. Govetnment “investment” in “the future.” I suspect they hope to get a taste for themselvesContinue reading “Bankrupt State – Spiking Inflation”

Banana Republic – Literally

The Personal Current Transfer Receipts (PCTR) report summarizes government social benefits and net current transfer receipts from business (unemployment). Simply put, it’s government welfare. And that welfare is behind the record surge in personal income in March when China Joe, the Sock Puppet “president,” distributed $1.9 trillion in “stimulus checks”. March PCTR payments ballooned toContinue reading “Banana Republic – Literally”

First Real Estate, Then Oil, Next is Food

The quantity of USDs in circulation has been growing at an accelerating rate since the JFK/LBJ Guns and Butter program. The bill came due when Nixon came along. One option was to cut spending and raise taxes to pay off the debt. Nixon took the other option and closed the gold window giving rise toContinue reading “First Real Estate, Then Oil, Next is Food”

Suppressing Interest Rates and Life

I was fortune to study economics under Murray Rothbard. Quite an experience. Then again, so was studying philosophy under Leonard Peikoff. Also quite an experience. And, serving as a commissioned officer in the US Navy under Admiral Hyman G. Rickover. THAT was an experience. These three guys had a lot in common. I got smackedContinue reading “Suppressing Interest Rates and Life”

Solar Minimum Cold and Snow

The GIF published above presents NOAA’s temperature anomaly forcasts over the next 2 days. As is evident, we’re looking at lower-48 temperature anomalies of upwards of a dozen degrees C below norms. I routinely track the effects of the Solar Minimum that has begun and will run at least through 2050 due planetary dynamics reducingContinue reading “Solar Minimum Cold and Snow”

ZB – Free Fallin’

But what’s more important is that it is dropping while picking up velocity while realized volatility is also dropping. Connect the dots McFly. Or, let Evil Speculator do it for you: https://evilspeculator.com/the-pressure-cooker/ Mmm num ba deDum bum ba beDoo buh dum ba beh beh Pressure pushing down on mePressing down on you, no man askContinue reading “ZB – Free Fallin’”