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Top Ten Videos – October 14 2024

Mark Thornton: The Economics of Prepping (Oct 12, 2024)

Minor Issues...

Summary

 

Prepping is a rational and beneficial strategy for individuals to enhance self-sufficiency and resilience against both natural and man-made disasters, despite its often negative portrayal in mainstream media.

 

Economic Rationality of Prepping

 

Prepping is scientifically rational and efficient, contrary to mainstream media portrayal, as preppers are risk-averse and have lower time preferences, investing more in future preparedness.

 

From an economic science perspective, preppers save and invest smarter by purchasing semi-perishable emergency supplies in bulk, which is especially beneficial during periods of inflation.

 

Practical Preparedness

 

Preppers are less likely to live in high-risk areas and more likely to have essential emergency items like waterfoodmedicine, and alternative lighting, reducing their vulnerability to disasters.

 

The likelihood of owning crucial emergency equipment such as medical kitsflashlightsfire extinguishers, and solar-powered radios is higher among preppers, enhancing their resilience during crises.

 

Cost-Benefit Analysis

 

The cost of preparation is extremely low compared to the potential benefits, making prepping a rational choice, especially considering preppers’ role as first responders rather than victims during disasters.

Hans Mahncke: Swiftboating America & Exposing The Russiagate Fraud (October 11, 2024)

BT TV...

Summary

 

The Russiagate narrative was a politically motivated fabrication initiated by the Hillary campaign to undermine Trump, lacking factual basis and supported by misleading evidence.

 

Clinton Campaign’s Russia-gate Hoax

 

The Hillary Clinton campaign orchestrated the “Swift boat project” in 2015-2016, fabricating the Russia-gate hoax to falsely tie Trump to Russia and the Kremlin.

 

Clinton’s team hired Perkins Coie, who hired Fusion GPS, who then hired Christopher Steele and Igor Danchenko to create the Steele dossier with tailored reports supporting the Trump-Russia narrative.

 

FBI’s Role and Investigations

 

The FBI endorsed the Alpha Bank hoax and launched Crossfire Hurricane in July 2016, investigating Trump associates using FISA warrants and human sources, despite knowing the Steele dossier was fraudulent.

 

FBI technician Peter Strzok joked about the Steele dossier being a hoax in text messages with colleagues in 2016, but this information only surfaced years later in court cases.

 

Impact on Diplomacy and Media

 

The Russia-gate hoax criminalized diplomacy with Russia, hindering Trump’s ability to resolve issues like the Ukraine war and repair deteriorating US-Russia relations since 2014.

 

The Mueller report’s lack of evidence for collusion led to widespread disappointment and disillusionment with the media’s Russia-gate narrative.

 

Key Players and Actions

 

CIA Director John Brennan passed the Steele dossier information to FBI Director James Comey in July 2016 as a CYA move to avoid blame.

 

Clinton campaign lawyer Adam Schiff committed a crime by bringing a USB drive with fake Steele dossier data to the FBI, effectively lying to the FBI.

Dave Collum: Markets Overvalued by 150% as Dishonest Metrics Hide the Coming 'Catastrophic' Collapse (October 12, 2024)

Kitco News...

Summary

 

U.S. equity markets are significantly overvalued, posing a risk of economic collapse, while geopolitical shifts and declining confidence in the dollar suggest a potential rise in the value of hard assets like gold.

 

Market Overvaluation and Economic Risks

 

Markets are overvalued by 150% based on 25 metrics, with current P/E ratio of 36 being 200% above the historical average of 12 from 1880-1994, indicating a potential catastrophic correction.

 

A 60% market correction may be required to bring prices to rational levels, reset investor attitudes, and make investors truly suffer enough to stop buying.

 

Inflation and Economic Metrics

 

Official inflation metrics are likely manipulated, with real inflation potentially 5% higher than reported CPI; alternative measures like the Chapwood index show 8% inflation vs 3% official.

 

Long-Term Market Outlook

 

Over the next 40 years, US equity markets are expected to regress to the mean, with inflation-adjusted returns near zero as the current 150% overvaluation burns off.

 

Investment Strategy

 

Collum’s 40-year investment strategy includes 20% gold exposure10% gold funds, and physical gold, with a preference for gold miners run by trustworthy management.

 

Global Economic Shifts

 

De-dollarization is accelerating, with 25 countries shifting alliances away from the US, potentially leading to a collapse of the US dollar and a “gruesome decade” ahead.

 

Digital Currencies and Gold

 

Central banks are buying gold at record levels, with expectations of a gold-backed currency emerging soon, while Collum remains skeptical of Bitcoin’s long-term value due to state intervention risk.

 

Societal and Political Concerns

 

Collum warns of potential civil unrest and authoritarianism as society struggles, citing concerns over the weaponization of the justice system against political opponents and extreme legal actions like 870-year sentences for January 6th defendants.

Doomberg: Will BRICS Ditch The Dollar For Gold? (Oct. 11, 2024)

Liberty and Finance...

Summary

 

BRICS is contemplating the introduction of a gold-backed currency to challenge the dominance of the US dollar, which could significantly impact global economic dynamics and energy production strategies.

 

Global Economic Shifts

 

BRICS meeting in Kazan could announce a gold-backed currency unit with 40% gold backing, potentially causing a significant gold price increase to $2,640 per ounce or higher.

 

The potential BRICS gold-backed currency could lead to a shift away from the US dollar and a new framework for settling international trade imbalances, potentially causing a historic event in global finance.

 

Energy and Infrastructure

 

The Power of Siberia 2 pipeline, connecting Siberian gas fields to Eastern China, could represent a decade-long rewiring of global energy arteries, profoundly impacting European industrial competitiveness.

 

BRICS meeting may trigger a nuclear renaissance as a long-term solution for baseload power needed for data centers and AI training, with natural gas serving as a bridging fuel.

 

Strategic Responses and Implications

 

A BRICS gold-backed currency could provoke strategic responses from Western economies like the G7, potentially leading to a bifurcated system between BRICS gold-backed and G7 fiat currencies.

 

While BRICS combined official gold reserves are less than the US, the total market cap of gold needs to be much higher for it to be revived as a neutral reserve asset, potentially leading to a century-long battle to settle the issue.

Playing with Fire: Money, Banking, and the Federal Reserve (Oct. 11, 2024)

Mises Media...

Summary

 

The Federal Reserve’s policies and interventions have exacerbated economic instability and inequality, undermining financial freedom and promoting cycles of inflation and crisis.

 

Federal Reserve’s Impact on Economy

 

The Federal Reserve, created in 1913 to stabilize banking, has instead become an “arsonist” that manipulates the money supply, creating winners and losers with the government and large corporations benefiting while average Americans pay through inflation and stagflation.

 

The Fed’s fractional reserve banking system allows banks to create money out of thin air by lending out a portion of deposits, leading to potential bank runs when depositors withdraw funds en masse.

 

Monetary Policy Consequences

 

Fed policies of printing money and lowering interest rates create asset bubbles in housing and stocks, leading to crises when bubbles burst, with the Fed’s response being to create even more debt and bubbles.

 

The Fed’s intended 2% annual inflation rate acts as “monetary shoplifting”, effectively taking 2% off the top of people’s earnings, with the government being the first spender of new money.

 

Expanding Federal Reserve Power

 

Since the 2008 Financial Crisis, the Fed’s expansion of power through money printing and bailouts has led to increased inflationinequality, and impoverishment of ordinary Americans.

 

The proposed central bank digital currency would allow the government to monitor and control individual spending, potentially neutralizing certain purchases and posing a threat to American citizens by giving the government unprecedented power over the economy.

Michael Yon: Weather Modification, Famine Incoming, and Trump's plan to free (a few) tax slaves (Oct. 11, 2024)

Doug Casey's Take...

Summary

 

Severe political, economic, and environmental crises are converging, leading to concerns over resource management, food supply disruptions, and societal unrest, while highlighting the influence of globalist powers and the rising value of gold as a safe asset.

 

Geopolitical and Economic Concerns

 

Hurricane Helena’s severe damage in multiple southeastern states raises concerns about potential government land grabs, similar to Maui, while highlighting vulnerabilities in critical infrastructure like phosphate mines crucial for food production.

 

Michael Yon predicts potential manmade famines due to geopolitical actions, resource speculation, and rising social tensions from economic problems, emphasizing the risk even in major food-exporting countries like the U.S.

 

Political Landscape and Strategies

 

The “Dog King strategy” in politics demoralizes citizens and emboldens enemies, exemplified by challenges faced by Texas Governor Greg Abbott (a World Economic Forum leader) in border issues, including Colony Ridge housing 200,000 migrants near the strategic I-69 corridor.

 

Trump’s proposals to eliminate taxes for 2.7M overseas Americans and expand school vouchers face political challenges, while Bob Woodward’s critique portrays Trump unfavorably and praises Kamala Harris.

 

Weather Modification and Resource Markets

 

Weather modification methods like HAARP and aerosol injection raise concerns, with historical examples and a 1977 UN treaty suggesting real worries about government-created hurricanes, despite ongoing debates about feasibility.

 

Doug Casey discusses a potential resource bull market in metals and natural gas, while ongoing disruptions to natural gas for fertilizer and Nord Stream destruction impact food supply and prices globally.

JP Sears: How to Achieve Your Dream Body With NO Exercise (Oct. 7, 2024)

Awaken with JP...

Summary

 
 

MRNA Ozempia is presented as a revolutionary weight loss drug that allows individuals to achieve their ideal body without exercise or lifestyle changes, despite potential health risks and unknown long-term effects.

 

Health and Weight Loss Claims

 

mRNA Ozempia, a combination of glutide shots and mRNA, allegedly alters genes to prevent normal human obesity, enabling morbidly obese individuals to lose 180 lbs in 3 weeks without effort.

 

The manufacturer claims mRNA oia is the first line of defense against the obesity epidemic, with superior profit margins compared to other solutions.

 

Safety and Approval Process

 

Despite being developed just a year ago, mRNA oia is purportedly being fast-tracked for approval to inject infants immediately after birth to prevent obesity.

 

Marketing and Profit Focus

 

mRNA oia is marketed as a unique combination of two highly profitable medicines, emphasizing its potential for financial success rather than health benefits.

 

Psychological Impact

 

The drug promises to provide users with a dream body without exercise, potentially leading to a false sense of security and lack of awareness regarding the health implications of their lifestyle choices.

Thomas Sowell: Do Cultures Play a Part in the Success & Development of a People or Nation? (October 2, 2024)

Thomas Sowell...

Summary

 
 

Cultural diversity and evolution are essential for societal advancement, as different cultures excel in specific contexts and can drive progress through interaction and adaptation rather than isolation.

 

Cultural Dynamics and Progress

 

Cultures are living, changing systems that serve practical human needs, evolving to address requirements like food acquisition, shelter construction, healthcare, and social cohesion.

 

Urbanization significantly shapes cultural development, fostering distinct skills and characteristics compared to non-urban cultures, while geography exerts a long-term influence on cultural evolution, as evidenced by the rise of ancient civilizations near navigable rivers.

 

Cultural Exchange and Innovation

 

Cross-cultural exchange and borrowing lead to historic advancements, with languages adopting foreign words and cultures embracing useful practices from others, while isolation can impede progress.

 

The knowledge, skills, and analytical techniques of Western Civilization, which has drawn from various cultures, offer broader opportunities compared to the limitations of segregated ethnic enclaves.

 

Universal Progress and Cultural Contributions

 

Great thinkers like David Hume, Adam Smith, and James Watt worked to advance humanity as a whole, with their contributions, such as disease cures and increased crop yields, belonging to all people rather than being confined by tribalism or cultural vanity.

David Rosenberg: Boomers Sleepwalking Into A Bear Market + Recession (October 10, 2024)

Thoughtful Money...

Summary

 
 

Baby boomers are at significant risk of financial instability due to over-investment in equities without diversification, as economic indicators suggest an impending bear market and recession.

 

Economic Outlook

 

The global economy is muddling through, with the US hanging on, Europe heading towards recession, and Asia’s demand imploding, according to David Rosenberg of Rosenberg Research.

 

A hard landing recession is possible by 2025 due to Baby Boomer portfolios being 60% stocks, potential Trump tariffs causing a price shock, and possible Harris corporate tax hikes leading to negative hiring cycles.

 

Consumer Behavior and Market Dynamics

 

US consumers are driven by the wealth effect from equities, spending 95% of after-tax income on goods and services, which Rosenberg deems unsustainable.

 

The US economy exhibits a two-track recovery: consumer sector driven by equities and stimulus, while the industrial sector faces stagnation or contraction.

 

Labor Market and Productivity

 

The US labor force has expanded by 6% over the past year, with aggregate supply growing at 9% annually and demand at 2.5-3%, creating a disinflationary wedge.

 

The recent jobs report was a blowout due to government sector and seasonal adjustments, but a 3% decrease in work week hours indicates a K-shaped economy.

 

Investment Strategies

 

Rosenberg recommends diversifying portfolios with 30% stocks20% bonds10% commodities, and 40% cash and other assets to mitigate potential market risks.

 

Utilities and telecoms are identified as defensive sectors benefiting from the AI-driven power boom and increased global military budgets.

Chris Vermeulen: Election Chaos Could Send Gold Soaring - Massive Gains Coming? (October 11, 2024)

Sprott Money...

Summary

 

Upcoming elections and geopolitical tensions could lead to significant rallies in gold and silver prices, despite potential short-term pullbacks.

 

Precious Metals Outlook

 

Gold’s bull flag patterns and Fibonacci extensions suggest a potential 15-year super cycle reaching $3,000-$5,000, with a possible short-term pullback to $2,500 before resuming the uptrend.

 

Silver’s volatile nature could lead to a short-term squeeze up to $34-$36, followed by a pullback and eventual rise to $60-$100 in the long term.

 

Stock Market Projections

 

The S&P 500 may see a 3-6% upside to $6,000, while the NASDAQ could potentially squeeze 8% higher to $6,000 before facing resistance.

 

Commodity Trends

 

Lithium’s 41% surge in the past month is likely an oversold bounce rather than a sustainable long-term trend.

 

Uranium stocks have rebounded 20% from lows but remain volatile and may struggle to break out further in the near term.

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