American education system, both public and private, allegedly biases learning against capitalism and towards communism/socialism, potentially influencing children’s ideological development.
College professors reportedly register as Democrats at a 10:1 ratio compared to Republicans, with Democratic professors more likely to favor extreme forms of socialism.
Free market capitalism and private property rights are presented as drivers of job creation, wealth generation, and valuable societal services, contrasting with perceived government inefficiencies.
The narrative of labor unions improving working conditions and wages is challenged, suggesting that capitalism and private property rights were responsible for these advancements before unions emerged.
The University of Missouri faced legal action for allegedly misallocating millions of dollars intended for Austrian economics professorships, highlighting tensions in academic funding and ideological representation.
The stock market may face a 5-10% correction before presenting buying opportunities in October-December 2024, historically the best quarter for seasonal trades.
A potential World War III scenario could trigger a global economic crisis, leading to a stock market crash, bond market volatility, and a surge in gold and silver prices as safe havens.
Crude oil surged 24% from $66 to $74 in late September 2024 due to Middle East violence, with resistance levels near $74.
Central banks are aggressively buying gold on a scale as big or bigger than usual seasonal forces, potentially pushing prices to $3,000 an ounce within one to three quarters.
Part-time jobs and immigrant workers are being created at a faster rate than full-time jobs for native-born Americans, according to BLS data.
Port strikes could have a 40% impact on US GDP, leading to inflation and unemployment, with potential enhanced unemployment benefits similar to the 2008 financial crisis.
Existing home sales lead the real estate market, with a 40% drop from the peak in January 2022, starting with high-end homes and spreading to the rest of the market.
The national debt of $35-36 trillion is unsustainable, with interest payments of $1.2 trillion per year, up from $600 billion just 5 years ago, potentially leading to inflation and depression.
Massive asset bubbles in real estate, equities, and credit markets are overvalued by 40-50%, with home prices up 50% while wages only increased 22% over 4.5 years, indicating an unsustainable economic situation.
The three major bubbles (stocks, real estate, bonds) are due for a mean reversion, despite Fed and government efforts to delay the inevitable crash.
Gold and silver have a bullish outlook as confidence in the fiat system wanes, with gold potentially hitting all-time highs above $2600-$2700.
Gold’s rarity and indestructibility make it a superior asset compared to cryptocurrencies, providing a hedge against inflation and currency crises.
The Fed’s balance sheet expansion from $800 billion in 2007 to $9 trillion in 2022, with potential to reach $20-30 trillion, mirrors Japan’s experience and risks causing global market chaos and unwinding of carry trades.
The next 5 weeks are considered the most dangerous in US history, with potential for chaos, war, terrorism, and a longshoreman strike causing widespread shortages of medicine and food, especially in the East and South.
A potential longshoreman strike could cause $5 million per day in losses, with unions demanding a $5 per hour increase over 7 years, while ship owners offer only $2.50 per hour.
The gold market is moving up 36% despite chaos and uncertainty, potentially as an insurance policy against risks, while oil prices remain low at $71, indicating possible market de-risking.
According to Bob Moriarty, gold could potentially rise from $260/oz in 1999 to $26,000 if it replicates its 1971-2024 performance, with silver being even more undervalued.
The 2024 US presidential election is a key factor in current global events, with allegations of the FBI, CIA, and DOJ working to prevent Trump’s re-election through potential terrorism or false flags.
Seasonality in gold and silver markets shows liquidation of long funds in September-November, followed by redeployment in November, historically leading to higher prices by December 31st.
Macro discretionary funds are expected to sell gold and silver in November 2024, closing out 30% of their long positions to book profits of $400-$500 per ounce, regardless of election outcome.
Central banks and macro discretionary funds are buying gold and silver as a dollar diversification play, while CTAs (Commodity Trading Advisers) will join once the trend starts.
Technical analysis suggests a bull flag on daily charts for gold and silver, with strong targets: gold at $3000 (cup and handle target) and silver at $32 (resistance), $35 (monthly), and $50 (strong level).
The gold-to-silver ratio indicates silver is undervalued, with projections of gold at $2800 and silver at $32.5, potentially reaching $3000 for gold and $37-40 for silver.
CTAs are interested in gold at $2550, with a normal correction to $2600 or $2550 expected; they’re likely to be buyers above $2550 and sellers below this level.
The Fed’s 2% inflation target is essentially meaningless, serving as a political slogan rather than a strict economic guideline.
Over the past 30 years, the Fed has gradually increased its inflation target from 0% to 2%, and now to a “flexible longer-run 2%,” indicating a lack of commitment to maintaining low price inflation.
The 2% inflation target, introduced in the late 1990s, aims to convince the public that steadily increasing prices are preferable to stable or declining prices.
The Fed’s inflation target is not a hard ceiling but a “flexible average” over an arbitrarily chosen time period, allowing for higher inflation rates to be justified as part of a longer-term strategy.
The evolution of the Fed’s inflation policy over three decades demonstrates a shift away from price stability as a primary objective, towards a more accommodative stance on inflation.
The LBMA and COMEX exchanges, with 140 and 74 years of history respectively, are now being outmaneuvered by countries like China and India, who are accumulating physical gold and silver instead of relying on paper contracts.
Central banks, considered the most well-informed traders globally, are buying gold and silver at unprecedented rates, revaluing them as tier one assets alongside the dollar, while nations are repatriating their gold from international institutions.
The Federal Reserve’s economic mismanagement through hyper-stagflation is leading to a combination of Great Depression-like conditions and excessive money printing, resulting in the dollar’s value being halved every 10 years due to inflation.
LBMA and COMEX exchanges are trading paper contracts for silver at 3.5 times the annual global mine supply, with over 90% backed by nothing but paper, echoing distortions noticed by the Hunt Brothers in 1980.
JP Morgan, despite paying a $920 million fine in 2019 for manipulating the metals market, remains the custodian of the largest silver trust in the world, highlighting ongoing concerns about market integrity.
Nixon’s 1971 decision to remove the gold standard enabled deficit spending without gold reserves, leading to massive wealth inequality and record unsustainable debt of $35-36 trillion, devaluing the currency and causing inflation as an invisible tax on the working class.
The US is in a permanent ruin cycle due to decades of living beyond its means, with debt-to-GDP over 100% cutting growth rate by 1/3, according to David Hume, resulting in a 99% loss of dollar purchasing power over the last 50 years.
The FED has only two tools: interest rates and money supply, but with $35 trillion debt, it can’t raise rates above 6% without breaking the economy, forcing it to cut rates and cave to inflation.
Central banks are rotting from within with massive amounts of bad loans and tight cash reserves, according to Thomas Hern, former FDIC president, mirroring problems in Chinese banks with crappy loans and underwater US Treasury bonds.
Gold is considered a tier one asset by the BIS, indicating central banks’ fatigue with the US dollar dominance and distrust in the US Treasury, making it a politically and financially important indicator.
China buying oil from Russia in Yuan and converting the difference represents a massive example of the trend towards currencies other than the US dollar, with the oil trade already dislocated outside of the US dollar.
Silver supply deficits and increased demand from India, China, and the solar panel industry are expected to drive silver prices higher, with the gold:silver ratio potentially compressing to the 40s and silver reaching a minimal price of $300.
Bitcoin has outperformed gold on an annualized basis but is considered a speculation accent rather than a true store of value, charting like a tech stock and potentially impacting gold negatively in the short term.
Misaligned incentives in systems like fascism, where government and corporations have different incentives than the people, lead to inequality and monopoly power, with entities like BlackRock, Vanguard, State Street, Amazon, and the Fed wielding immense influence.
Wealth inequality and consolidated power in government and corporations have created a feudalistic system where the top 10% are lords and masters over a slave population of the working poor, necessitating a reevaluation of anti-trust laws to combat monopolies in various sectors.
Despite initial media portrayal as a “far-right freak“, JD Vance’s affable, articulate, and kind personality in debates has made him a likable candidate.
The Babylon Bee is suing California over a new law banning AI-generated deepfake content, arguing it stifles their ability to create satire and parody.
Vance advocates for a pragmatic approach to foreign policy, focusing on American interests and security rather than intervening in other countries’ conflicts.
Israel’s response to Iran’s 181 missiles on civilian targets may include nuclear strikes on military installations and energy infrastructure.
In the 2020 US Vice Presidential debate, Vance skillfully pivoted on climate change, arguing that American manufacturing leads to cleaner air, water, and less carbon compared to countries like China and India.
During a debate, Vance’s pink tie was perceived as more normal and respectful, while his opponent’s blue tie was seen as more intense and passionate.
Vance’s Christian faith guides his political approach, emphasizing evangelism and ministry over engaging in culture wars, which he views as unbiblical and divisive.
The Babylon Bee actively fights for free speech and the right to tell jokes, filing lawsuits, submitting amicus briefs, and even testifying before Congress.
Despite strong job growth in the US, wage growth is slowing and consumer debt is rising, particularly credit card debt at record highs, indicating underlying economic issues masked by headline figures.
Core inflation remains stubbornly high in the US, while headline inflation has fallen below 2% for the first time in 3 years, suggesting citizens are not feeling economic relief despite lower inflation figures.
China’s economic challenges, including stimulus and real estate market issues, will have global repercussions, such as decreased commodity imports and impact on economies like Germany, which has lost momentum as a major exporting market.
The European Central Bank’s likely rate cuts in October, despite high core inflation in some sectors, could lead to stagflation in several Eurozone countries, as inflation rates vary significantly across the region.
The commodity super cycle is driven by underinvestment in energy due to policy uncertainties and climate change, but is unlikely to continue indefinitely, necessitating a focus on long-term structural elements rather than short-term price appreciation.
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