2. The other thing the negative worldviews leads to is the type of action the most dangerous people in society actually want us to take. It is like mob violence and groupthink when people are whipped into a frenzy. People behave emotionally, and whoe
One of the world's most affluent persons, Bill Gates, appears to have bought in to the rhetoric of popular media and government law enforcement accounts. Recently, Mr. Gates and his wife submitted to a Reddit Ask-Me-Anything (AMA), and Mr. Gates ga
The consensus got the direction right but not the magnitude. Economists expected durable goods orders to drop 2.0%.
Over the weekend on Saturday morning, amid its usual fanfare and attention, Warren Buffett's company Berkshire Hathaway released its annual report to the public.
"The Halftime Show" For many, the Super Bowl football game is a rather odd event. To begin with, Americans claim the winner of the big game to be the world champion - despite never defeating the best from Europe, Asia, or Africa. Next, most of th
First "Brexit," then Trump.
"[gold] will continue to be used as money because none of these governments should, or do, trust each other. Or each other's phony paper fiat currencies. There could be a buying panic in gold and it could go much higher..."
Consumers unexpectedly threw in the towel in 5 countries but the central banks and the IMF insist everything is fine. On February 14, I noted US Retail Sales Dive, Negative Revisions Too. This will impact both 4th quarter and first quarter GDP estim
Turkey is a beautiful country with a rich history including Greek, Roman and Muslim influences that make it one of the most fascinating places on Earth.
Our colleges are debarred from examining the basic assumptions of communism because, as I will attempt to show, these basic assumptions are part and parcel of what is called capitalism, the going order, and it would hardly do to bring this fact to li
Despite these achievements, we are living in a time when this excellent news is ignored to focus on interventionist messages about wealth. You will read that "1% of the world controls 87% of wealth" and things like "if the ten richest people in
Vitaliy Katsenelson writes a provocative post on the cloud, paranoia, and drug pricing in an Amazon vs. GE comparison.
Deutsche: "If Trust In Monetary & Political Stability Were Lost, People Would Turn To Cryptocurrencies"
Charles Hugh Smith: 'ALL Currencies Will See A CATASTROPHIC DROP' In The Economic Collapse
It was a plea for help: as we reported on Wednesday afternoon, a macro trader at one of the world's biggest banks virtually lost it after watching yesterday's bizarre market response to a blistering CPI report - which paradoxically sent yields and st
CARACAS (Reuters) - Widerven Villegas and his brother wash some 30 cars a day at a parking lot in Caracas. Despite charging less than 50 cents, nobody pays them in cash.
I was on the air with Max Keiser on Friday, February 2. The video is just out now as Stacy and Max were in Mexico. The video below is 25 minutes long and I come on at approximately the halfway point.
Venezuela's main source of cash is dwindling at a breathtaking pace.
While China's shadow banking sector may have been tamed in the past year as a result of an aggressive crackdown by Beijing over the unregulated, gray-market in high interest lending and especially Wealth Management Products or WMPs, it, it still reta
Is this the beginning of a major crash? Join Mike Maloney for his latest update where he analyzes the stock market, gold & silver, and bitcoin.
Last October, Italy's government was angry when the world's largest hedge fund, Ray Dalio's Bridgewater unveiled it had amassed a sizable $713 million short against Italian financial stocks, its biggest disclosed bearish bet in Europe.
Last night I was checking out tickets for some upcoming travel. I'll be headed to Colombia soon to check on the progress of a large cannabis investment we've made there, then off to Miami for an event with our Total Access members.
Congratulations to Nomura Europe Finance for being first across the finish line in the VIX self-destruction contest.
Looking at mainstream media headlines over the past few weeks shows a lot of columnists and pundits have declared that 'bitcoin's bubble has burst.' They always claim that it's much safer to invest in traditional investments like equities or
Let's be honest: You don't understand what bitcoin is. Or cryptocurrencies. Or blockchain. (I'm not disparaging your intelligence--even the experts barely understand these things.) But what you do understand is free money--and bitcoin and oth
The most recent consensus estimates for global Gross Domestic Product growth show a healthy "synchronised" development in most economies.
'Perfect storm': Global financial system showing danger signs, says senior OECD economist
You could say thank heavens they have finally stopped buying the "dip". Then again, there apparently aren't any left! That's the case, anyway, even if your notion of a "dip" is any day the market doesn't go up. So far there has been ex
" .. the Chinese machine isn't about to stutter. Debt is mostly internal, and in yuan. Credit is increasingly efficient. The economy is fast becoming more productive ..."