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Top Ten Videos – November 11, 2024

Bret Weinstein: Can Trump Save the West? Freedom, Peterson vs. Dawkins, COVID & Bitcoin (November 9, 2024)

What is Money? Podcast...

Summary

 

The rapid changes in modern life necessitate a reevaluation of our evolutionary direction and governance structures, emphasizing the importance of private property, individual freedom, and innovative solutions like Bitcoin to address contemporary challenges and uphold Western values.

 

Evolutionary Biology and Cultural Adaptation

 

Hyper novelty, the rapid rate of change outpacing human adaptation, is making us sick across all domains and scales, necessitating a reining in of this process for our survival.

 

Cultural evolution allows humans to adapt faster without genetic change, with religion and mythology serving as evolutionary advantages through Dawkins’ concept of memes.

 

The memetic layer (culture) has a high error rate but also a high extinction rate for unsuccessful adaptations, with successful cultural traits persisting for thousands of years before becoming widespread.

 

Economics and Property Rights

 

Private property rights are essential for rewarding the productive and penalizing the parasitical, serving as the only implementation of the right to life.

 

Money printing by centralized powers creates a vicious cycle that incentivizes keeping the public uninformed about its consequences, enabling the manufacturing of consent and media narratives.

 

Bitcoin and other cryptocurrencies have the potential to supplant the Federal Reserve by providing a stable, non-inflatable currency, but face challenges in ease of use and value fluctuations.

 

Environmental Concerns and Governance

 

While global warming may not be an emergency, ocean damage is severe, with fish diversity, size, and species mix dropping at an alarming rate according to experts.

 

Factory ships with virtual slave crews are strip-mining oceans for fish, creating an unsustainable situation that could be addressed through tariffs and international treaties.

 

Public Health and Vaccine Mandates

 

mRNA vaccines cause the immune system to destroy heart cells producing foreign proteins, leading to permanent damage and scarring without the ability to feel it.

 

The World Health Organization (WHO) is largely a private trade organization for pharma, fueled by pharma money, and should be disbanded and investigated for its role during COVID.

 

Freedom and Government

 

Libertarianism and freedom maximalism aim to maximize liberty while balancing competing concerns, serving as the only self-limiting principle that respects others’ freedom.

 

The Five Eyes Alliance (US, UK, Canada, Australia, NZ) violates citizens’ rights by trading intelligence to bypass constitutional protections against foreign governments.

 

Freedom of speech allows ideas to be debated and scrutinized without fear, enabling the identification of truth and the limits of government intervention in areas like environmental protection and national defense.

Ryan McMaken: Congress Should Fire Jerome Powell (November 8, 2024)

Loot & Lobby...

Summary

 

The Federal Reserve’s claimed independence is a facade that primarily serves the interests of the banking elite, and Congress should take action to assert control and promote fiscal responsibility.

 

Federal Reserve Independence Myth

 

The FED’s claim of independence is a myth, as it has been influenced by the White Housebanking cartel, and previously had the Secretary of the Treasury and Comptroller of the Currency on its board.

 

The FED’s supposed independence primarily serves the banker class, ensuring bailouts and promoting competition-restricting regulations against alternatives like cryptocurrency.

 

Monetary Policy and Accountability

 

The FED’s dual mandate of maximizing employment and stabilizing prices is used as justification for inflationary policies, without demanding fiscal responsibility from the government.

 

The FED’s unrestrained actions, such as lowering interest rates and buying assets, allow it to manipulate markets without accountability.

 

Power Dynamics

 

The FED aggressively defends its power base and position against elected officials, promoting the myth of independence to protect its interests rather than promote responsible economic policy.

Mark Thornton: A View from The Top (November 9, 2024)

Minor Issues...

Summary

 

 

The economy is facing significant challenges, including rising inflation, unemployment, and declining job creation, which are leading many individuals to experience personal recessions and threatening overall economic stability.

 

Economic Indicators

 

The economy is likely at or near the top of the business cycle, with aggregate activity starting to decline and many experiencing a personal recession in terms of inflation-adjusted incomes.

 

Job openings have declined from a peak of 12.2 million in March 2022 to 7.4 million, while average weekly hours in the private sector have been at or below normal since March 2023.

 

Consumer Debt

 

Credit card debt has surged 50% from the COVID period, with interest rates rising from under 15% to almost 22%, and delinquency rates sharply increasing.

 

Auto loan delinquencies have reached a 13-year high, putting significant pressure on consumer spending.

 

Monetary Policy and Government Spending

 

The video attributes recent price inflation primarily to Federal Reserve policies and budget deficits, including those from the Trump Administration, rather than the Biden Administration.

Andy Schectman: Silver Price Falls As Trump Wins, What's Next? (November 6, 2024)

Liberty and Finance...

Summary

 
 

Central banks’ purchases of gold and silver are vital in the context of fluctuating prices and economic uncertainty, particularly following Trump’s victory, which highlights ongoing challenges related to inflation, national debt, and fiscal responsibility.

 

Economic Implications

 

The US government’s fiscal irresponsibility is worsening, with annual debt servicing costs of $1.5-2 trillion and projections that 100% of tax revenue will go towards debt and entitlements by 2030.

 

Deutsche Bank’s forecast of $44,000 gold by 2029 is considered conservative, as Trump’s presidency may lead to higher tariffsdeeper debt, and more spending.

 

Precious Metals Market

 

The bullion market may benefit from Trump’s presidency, while the firearms industry could experience a “Trump slump” similar to the effect of Obama’s support.

 

Banks are reportedly short on gold and silver, with the LBMA using current market conditions to lower prices, creating a buying opportunity for countries like China and Russia.

 

Political and Cultural Shifts

 

The 2024 presidential election results, with Republicans expected to control both the House and Senate, could potentially benefit the gold market more than a partisan deadlock.

 

Trump’s presidency offers hope to regain America’s conservative values and culture that have been “whitewashed away” over the last four years, according to Andy Schectman.

Simon Michaux: What Happens AFTER The Elite Lose Control? (November 7, 2024)

CapitalCOSM...

Summary

 

The decline of oil production and the resulting economic instability are prompting a necessary shift towards alternative energy and a new hybrid economic system, as societal structures face potential upheaval and the elite’s control wanes.

 

Economic and Energy Transition

 

The global economy is undergoing the largest correction in recorded history, masked by distractions like the 2020 US election, with key indicators such as interbankingbond markets, and commercial real estate revealing underlying issues.

 

Peak oil has passed, with the industry resorting to inefficient methods to maintain production, while natural gas liquids and biofuels are being explored as alternatives.

 

The 1971 decoupling of the dollar from gold created an illusion of improved living standards, as average energy consumption hasn’t increased proportionally, leading to a system attempting to thermodynamically correct through money printing.

 

Geopolitical Shifts

 

The Bricks Nations (Brazil, Russia, India, China, South Africa) control 77.9% of oil reserves64% of production, and 48% of consumption, challenging the Petro Dollar Empire and planning their own economic system.

 

China is experiencing a structural meltdown with 30-40 civil unrests per month, massive commercial real estate collapse, and bank runs, while preparing for potential conflict and aiming to control global industrial assets.

 

Future Economic Models

 

The Purple Transition plan aims to reinvent transport, promote degrowth, and simplify supply chains, merging with the Venus Project to create Promethean Nexus, an innovation hub for unorthodox ideas and pilot-scale demonstrations of industrial systems.

 

A proposed spine rail system combines monorails and shipping containers for efficient transport, reducing road vehicles and designing industrial networks around the route.

 

A hybrid economic system balancing a resource-based economy with free market consumption is proposed for a small community of 10,000 people to navigate through economic volatility.

David Stockman: It's "Damn Near Impossible" To Avoid A 30-50% Market Correction (November 5, 2024)

Thoughtful Money...

Summary

 

Current unsustainable monetary and fiscal policies, along with rising bond yields and persistent inflation, are likely to trigger a significant market correction of 30-50%.

Economic Outlook

 

The US is heading for $25 trillion more debt over the next decade under current policy, with Trump proposing $10 trillion and Harris $7 trillion more, on top of the current $36 trillion debt.

 

Total US public and private debt has reached $100 trillion (350% of GDP), up from $300 billion in 1970 (150% of GDP), leading to $60 trillion in excess debt.

 

Federal Reserve and Inflation

 

The era of massive debt monetization by the Fed (1987-2022) is over, potentially leading to a 30-50% market correction as yields rise and prices fall.

 

The 16% trimmed mean CPI, a better measure of inflation, is running at 3.7% year-over-year, compared to the Fed’s 2% inflation target.

 

Market Implications

 

The bond market is signaling the end of the Fed’s rate-cutting cycle, with the 10-year Treasury yield expected to rise significantly, causing a major downward adjustment in asset prices.

 

A corporate refinancing wave in 2025-2026, combined with higher interest rates, will lead to a massive liquidity drain from the market as companies refinance debt at much higher rates.

 

Investment Strategies

 

Short-term government securities (1-3 year) will provide a 4-5% yield with low risk, making them a good option for investors seeking returns without significant principal loss.

 

TIPS (Treasury Inflation-Protected Securities) and precious metals like gold are recommended as safe assets to protect against inflation, offering a fixed real return and store of value, respectively.

JP Sears: Kamala Got 13 Million Less Votes? News Update (Nov. 7, 2024)

Awaken with JP...

Summary

 

Kamala Harris’s concession speech highlights a troubling 20 million vote drop for Democrats compared to 2020, raising concerns about voter discontent and the implications for future elections.

 

Election Results and Voter Turnout

 

Kamala Harris received 13 million fewer votes than Biden in 2024, with 60 million compared to Biden’s 81 million in 2020, raising questions about Democratic voter turnout.

 

Trump won the 2024 election with 74 billion votes, matching his 2020 performance, while implementing a strategy of 230,000 poll observers and 5 attorneys in each battleground state.

 

Campaign Strategies and Reactions

 

Kamala’s concession speech reportedly featured a “beloved squirrel” instead of her usual supporters, interpreted as a symbolic message to Democrats about the “squirrel community’s” resistance.

 

RFK Jr’s involvement in Trump’s team is said to be making “three-letter agencies” nervous, with plans to address issues at corporately captured government agencies.

 

Voter Discrepancies

 

The unexplained 20 million extra Democratic votes in 2020 compared to 2016 and 2024 remains a point of contention and speculation.

Peter Krauth: Endeavor, Guanajuato, Sierra Madre, GoGold, New Pacific, Silver Wolf, and Argenta (November 9, 2024)

CapitalCOSM...

Summary

 

Peter Krauth anticipates a significant rise in silver prices driven by increasing industrial demand, a persistent supply deficit, and strategic opportunities in the mining sector, despite potential short-term market fluctuations.

 

Silver Market Dynamics

 

The 60/40 industrial vs. precious metal split for silver has shifted from a previous 50/50 balance, with industrial demand gaining prominence, though investment demand can quickly rebalance this ratio.

 

A significant supply-demand imbalance exists in the silver market, with 1.2 billion oz demand versus 1 billion oz mining supply, resulting in a 20% annual deficit for the past three years.

 

Silver Production Landscape

 

Only 25% of silver supply comes from primary silver mines, while 75% is a byproduct of gold, copper, lead, and zinc mining, with primary silver supply expected to peak in 2026.

 

Market Outlook and Investment Opportunities

 

The anticipated Fed rate cutting cycle could trigger a recession in Q1 2023, potentially causing short-term silver weakness but presenting a long-term buying opportunity.

 

Smaller, single-asset and multi-asset silver producers like EndeavourGuanajuatoSierra Madre, and New Pacific may outperform larger producers during a strong silver price upswing due to their leverage and lower costs.

 

Bolivia and Argentina are becoming more attractive for silver mining investments, with positive mining laws and new government policies benefiting companies like New Pacific Metals and Argenta Silver Corp.

The Psychology of Narcissism - A Modern Epidemic (November 8, 2024)

Academy of Ideas...

Summary

 
 

The rise of narcissism in modern society, driven by a focus on wealth, status, and social media, negatively impacts relationships and mental well-being by promoting self-importance and a lack of empathy.

 

Core Narcissistic Traits

 

Narcissism is fundamentally characterized by excess self-admiration and a lack of empathy, with narcissists viewing others as tools for their own desires rather than individuals with valid feelings.

 

Narcissists require constant “narcissistic supply” (undue attention, admiration, and praise) to maintain their inflated self-image and unstable self-esteem.

 

Psychological Roots

 

At its core, narcissism is rooted in psychological pain, particularly shame, which narcissists desperately flee from through the creation of a grandiose self-image.

 

Impact on Relationships

 

Narcissists’ disconnection from their own emotions and impaired ability to feel leads to ruthlessexploitative, and sadistic behavior towards others, often leaving a trail of suffering.

 

Modern Catalysts

 

Social media and a debt-based economy exacerbate narcissistic tendencies by promoting the curation of flattering profiles and allowing people to project false images of wealth and success.

Trump, the Economy & World War III: Col. Douglas Macgregor’s Shocking Predictions (November 7, 2024)

Natalie Brunell...

Summary

 

Colonel McGregor emphasizes the urgent need for the U.S. to address domestic economic struggles, reform immigration, reevaluate foreign policy, and focus on revitalizing manufacturing and infrastructure to maintain its global standing amidst rising tensions and challenges from other nations.

 

Economic Outlook and Strategy

 

China’s exports to the global South and BRICS countries reached a seasonally adjusted annual rate of $1.6 trillion in March, nearly four times its exports to the U.S., rendering tariffs ineffective as a punitive measure against China.

 

The U.S. has become a financial powerhouse but has de-industrialized, focusing on finance over manufacturing, which has harmed the middle class and necessitates a shift towards energy and high-end manufacturing to regain economic leadership.

 

Investment and Financial Preparedness

 

Colonel Douglas Macgregor is heavily invested in cash, gold, and Bitcoin as a hedge against potential economic collapse, viewing the current debt load and situation as “virgin territory” with unpredictable consequences.

 

Leadership and Governance

 

An effective U.S. president should have expertise in economics, finance, international trade, the American military establishment, and domestic politics, as identified by Dwight Eisenhower.

 

Promises to bring in figures like Robert F. Kennedy Jr. and Elon Musk to reform bureaucracy and health systems are deemed unrealistic due to the entrenched power of monopolistic corporations in these sectors.

 

Geopolitical Concerns

 

The U.S. is heading towards a major conflict with Iran, potentially involving Russia and China, driven by the Israel Lobby’s control over U.S. Middle East policy and the current administration’s “autopilot” approach.

 

To prevent World War III, Americans must collectively signal to the incoming president their opposition to involvement in regional or global wars in the Middle East or Eastern Europe.

 

Military and Budget Reform

 

The U.S. military, currently absorbing $1 trillion annually, needs severe reduction in size and expenditure, but requires a president who understands its workings to implement changes against Washington’s resistance.

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