We sure have seen a lot of really crazy things happen so far this year. But in the minds of most Americans, there is one crisis that far outweighs everything else. As I have been documenting for years, our standard of living has been collapsing as the cost of living […]
Thailand has become a case study for the use of biometric data in every facet of life. Every banking transaction is monitored and scrutinized. Any perceived discrepancy is flagged as fraud and punished without due process. Regulations have overwhelmed the system, resulting in a full-fledged banking crisis. Over three million Thai bank […]
The single most important chart in the world is flashing “danger.” The defining issue of the last ~45 years has been the secular bull market in bonds. From 1980 until 2022, the yield on the U.S. debt (called Treasuries) was in a downtrend. In the very simplest of terms, this […]
The American Dream has become prohibitively expensive, with home affordability at historic lows and the traditional middle-class lifestyle now out of reach for most ordinary people. But no demographic has taken it more on the chin than young Americans. You can see it in stark terms in this week’s chart […]
When merit is replaced with ideology, fires rage unchecked, killers walk free, and fragile systems collapse—leaving lives and cities in ruin. America has a lot of built-in safety backups and redundancies. But every once in a while, when tradition, science, time-tested protocols, and common sense are ignored, a fragile system […]
Last week I noted that the single most important chart in the world is flashing “danger.” By quick way of review… Central banks are fully aware of this situation and have been taking steps to prepare for what’s coming. As you no doubt are aware, there are three methods of […]
The consensus holds there will be another bubble after the Everything Bubble pops, but this might be misplaced confidence in the godlike powers of central banks. The consensus holds that central banks–the Federal Reserve in the US–will gradually inflate away the world’s rising debt burden while propping up assets and the […]
After doing everything to get rid of fossil fuel producers, Governor Newsom has second thoughts. Climate Focus Shifts in California The Wall Street Journal reports California Wants to Halt Oil Industry Exodus After Years of Climate Focus Gov. Gavin Newsom’s office made its first-ever call to Chevron’s refining chief last week, […]
French Emperor Napoleon III reserved a special set of aluminum cutlery for only his most honored dinner guests. Ordinary guests had to settle for gold utensils. In the mid-1800s, aluminum was rarer and more coveted than gold. As a result, aluminum bullion bars were included among France’s national treasures, and […]
International Man: The US government recently took a 15% stake in MP Materials and a 10% stake in Intel to counter China’s dominance in rare earth elements and revive the domestic semiconductor industry. Are these national security necessities, or a fundamental break from free-market capitalism? Doug Casey: First, whenever you hear the […]