Why Governments Want More Centralization—and Less FederalismGary Galles

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Federalism, which Felix Morley called “the distinctively American contribution to political art,” arose from our founders’ desire to limit government’s ability to harm its citizens. The Constitution restricted nondelegated powers to states and individuals in their private arrangements, empowering citizens by allowing easier escape from abusive government by “voting with their feet” for jurisdictions with… Read More

The Fed’s Inconvenient Truth: Inflation Is “M.I.A.”

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The Fed’s Inconvenient Truth: Inflation Is “M.I.A.” “The amount of money in the US economy is 25% higher than it was at the start of 2020, eclipsing any pace of money growth seen since the Federal Reserve was established (1913)” RB Advisors Deputy CIO Dan Suzuki. In recent weeks we have seen a non-stop flow… Read More

Alibaba Shares Rally As Jack Ma Resurfaces After 3-Month Absence

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Alibaba’s US-traded ADRs are rising in premarket trade on Wednesday after co-founder and chairman Jack Ma, one of the richest men in China, finally resurfaced after months of radio silence that sparked speculation about whether he had been “detained” by CCP authorities. ADRs were up 7.7% to $271 at 0411ET, while Alibaba’s Hong Kong-traded shares… Read More

Steel Prices Are Exploding To Record Highs

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One of our readers writes in that a client just got a letter from US Steel: “Dear valued client, effective immediately price of “seamless steel”  has gone from $900 to $1350 per net ton.” Yes, a 33% price increase. This is what the Fed would call “inflation” if only the Fed measures rising prices correctly.… Read More

Eric Lytikainen: The Gold Bull Market Is Just Getting Started

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The Gold Bull Market Is Just Getting Started 2021 marks the 50th anniversary of President Nixon’s decision to suspend the convertibility of U.S. dollars into gold. At that time gold was just $35 per ounce. As we approach the August 13th“golden anniversary” date, a review of the past 50-years is worthwhile. Strategic View: Gold Could… Read More

Value Investing Parallels: The Late 1990s And NowJohnny Hopkins

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[embedded content] [embedded content] During his recent interview with Tobias, Eric Cinnamond of Palm Valley Capital discussed Value Investing Parallels: The Late 1990s And Now. Here’s an excerpt from the interview: Tobias: What are the parallels and the differences between the late 1990s and now? Eric: Well, I think the similarities are that value is… Read More

Boeing, Boeing, Gone… Again

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Authored by Bill Blain via MorningPorridge.com, Boeing’s stock prices continues to languish in the wake of the B-737 Max crashes in 2018 and 19. In December 2020 the jinxed plane was finally allowed to fly again after a tortuous programme to re-write and improve its control systems and regulatory oversight. The stock didn’t move much.… Read More

Round Table Segment 2, Financial Markets Outlook – Part 2

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(to skip intros, please forward to 4:00 min) DoubleLine Capital’s Jeffrey Gundlach and his special guests discuss their “Financial Markets Outlook” in this segment of the second annual edition of Round Table Prime, recorded Jan. 5, 2021. Joining Mr. Gundlach are Danielle DiMartino Booth, CEO and chief strategist of Quill Intelligence; James Bianco, president and… Read More

Spanish Cops Uncover 2 Tons Of Cocaine Hidden In Charcoal

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In Spain, law enforcement uncovered a massive drug smuggling network in the country’s south region.  On Sunday, Spanish National Police tweeted a bust video as agents detained 12 suspected drug traffickers. After the arrests, the video transitioned to the uncovering of cocaine.  🚩Desarticulada una organización dedicada al tráfico internacional de #cocaína a gran escala La… Read More

UK Authorities Could Force People To Take Selfie Every Day To “Prove” They’re Self-Isolating

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Authored by Paul Joseph Watson via Summit News, UK authorities are considering a new measure that would force people to send selfies every day to prove they’re self-isolating, photos which would then be cross-referenced using GPS data and facial-recognition software. The Sunday Times reports that COVID lockdown officials are looking to mirror policies introduced in New Zealand,… Read More

Want Slightly Positive Interest Rates? Buy 100 Year Bonds!?

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Peru, Israel, Walt Disney, Coca-Cola, all issue 100 year debt. Shorter Duration Debt is negative return – $17 trillion. Tactical Short Q4 Call – Register at mwealthm.com Thank you for listening to the McAlvany Weekly Commentary. The objective of McAlvany Weekly Commentary is to provide investors with valuable monetary, economic, geopolitical and financial information that… Read More

Doug Casey on the (Domestic) War on Terror 2.0Mona S

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International Man: Recently, Big Tech companies like Twitter, Facebook, and many others de-platformed the sitting president of the US. Apple and Google also removed the conservative social media app Parler—an alternative to Twitter—from their app stores. Amazon removed Parler from its web hosting services. Are we seeing the beginning of widespread censorship in the country?… Read More