I'd like to see a big crash and valuation come down to a reasonable level before the helicopter money !
The economy is cratering and yet buffet indicator/shiller p/e through the roof, this is insane !
Peter schiff is right to be invested outside the usa where you get 10ish p/e and in metals, even buffet who is normally bullish on usa, can't find anything of value right now domestically, hes bullish japan.
A Canadian was having a coffee and croissants with butter and jam in a cafe when an American tourist, chewing gum, sat down next to him.
The Canadian politely ignored the American, who, nevertheless started up a conversation.
The American snapped his gum and said, "You Canadian folk eat the whole bread?"
The Canadian frowned, annoyed with being bothered during his breakfast, and replied, "Of course".
The American blew a huge bubble. "We don't. In the States, we only eat what's inside.
The crusts we collect in a container, recycle them, transform them into croissants and sell them to Canada."
The American had a smirk on his face. The Canadian listened in silence.
The American persisted, "D'ya eat jam with your bread?"
Sighing, the Canadian replied, "Of course."
Cracking his gum between his teeth, the American said, "we don't. In the States, we eat fresh fruit for breakfast, then we put all the peels, seeds and the leftovers in containers, recycle them, transform them into jam and sell it to Canada."
The Canadian then asked, "Do you have sex in the States?"
The American smiled and said, "Why of course we do."
The Canadian leaned closer to him and asked, "And what do you do with the condoms once you've used them?"
"We throw them away, of course!"
Now it was the Canadian's turn to smile.
"We don't. In Canada, we put them in a container, recycle them, melt them down into chewing gum and sell them to the United States. Why do you think it's called Wrigley's?
I have not voted in over 30 years cuz most all politicians are corrupt lying scumbags and your Trump is #1...
Trump the Big Liar!
@PeterSchiff
Trump claims our economy is "roaring like never before," that "companies are coming from all over the world and opening up plants at levels we've never seen," and his first 100 days were "the most successful of any administration in history," the day Q1 GDP was reported at -0.3%.
A Canadian was having a coffee and croissants with butter and jam in a cafe when an American tourist, chewing gum, sat down next to him.
The Canadian politely ignored the American, who, nevertheless started up a conversation.
The American snapped his gum and said, "You Canadian folk eat the whole bread?"
The Canadian frowned, annoyed with being bothered during his breakfast, and replied, "Of course".
The American blew a huge bubble. "We don't. In the States, we only eat what's inside.
The crusts we collect in a container, recycle them, transform them into croissants and sell them to Canada."
The American had a smirk on his face. The Canadian listened in silence.
The American persisted, "D'ya eat jam with your bread?"
Sighing, the Canadian replied, "Of course."
Cracking his gum between his teeth, the American said, "we don't. In the States, we eat fresh fruit for breakfast, then we put all the peels, seeds and the leftovers in containers, recycle them, transform them into jam and sell it to Canada."
The Canadian then asked, "Do you have sex in the States?"
The American smiled and said, "Why of course we do."
The Canadian leaned closer to him and asked, "And what do you do with the condoms once you've used them?"
"We throw them away, of course!"
Now it was the Canadian's turn to smile.
"We don't. In Canada, we put them in a container, recycle them, melt them down into chewing gum and sell them to the United States. Why do you think it's called Wrigley's?
Trump claims our economy is "roaring like never before," that "companies are coming from all over the world and opening up plants at levels we've never seen," and his first 100 days were "the most successful of any administration in history," the day Q1 GDP was reported at -0.3%.
It’s way, way too early to start the critiques of DJT. Our country is in a lot of trouble, but another four of BJ or KH would only be lubricating the slide.
I think where we are now is a controlled, negotiated, GLOBAL default. No other way out of the massive multi trillion doller deficit(s).
I agree often with Greg, but I notice he doesn’t put forth a plan regarding the debt other than get rid of the Fed, buy gold (& other hard assets) and something or other with crypto. This probably because THERE ISN’T AN ANSWER. Just a negotiated global default and start over.
I’d prefer DJT on our side of this default negotiation rather than the Dems who have spearheaded our debt driven demise since they gained control after 1929’s debacle.
“Every empire suffers from hubris, arrogance and condescension, and therefore a moral blindness. That's true of the American empire, it was true of the British Empire earlier, and it will certainly be true of the Chinese Empire in the future.”
–Cornel West
Turn Your Images On
The President’s aggressive agenda may be too much, took quickly…
April 30, 2025 — Don Edgar considered himself extremely lucky.
It was early in the morning on November 6, 1956, and the World War II veteran turned journalist for Britain’s Daily Express was one of just two reporters invited to witness Britain’s invasion of Egypt.
Standing on the bridge of a British warship, Edgar wrote that it was “the most impressive military operation the British had put on for many a year, with parachutists, marine commandos, tanks, aircraft, and a naval bombardment.”
Naturally he would say so. Edgar was British.
The rest of the world, however, was not terribly impressed. And the United Nations — along with the US, Canada, Australia, and more — raced to condemn Great Britain for its aggression.
Britain naturally felt justified. Egypt had recently seized the Suez Canal-- one of the most important waterways in the world linking the Mediterranean and the Red Sea.
For Britain, the Suez Canal was a critical transport route for Saudi oil, not to mention a major asset; the British government had purchased a 44% stake in the canal back in the 1870s for a mere 4 million pounds, and the annual dividend soon exceeded their entire purchase price.
So, when Egyptian President Gamal Nasser nationalized the canal in July 1956, the British weren’t willing to take that lying down. To them it felt like theft.
Prime Minister Anthony Eden called it “piracy”, and he was willing to go to war to take the canal back.
Unfortunately for Eden, he underestimated the Egyptians’ resolve to fight.
Nasser responded by blowing up dozens of transport and cargo ships, effectively clogging up the canal and rendering it useless.
Eden also didn’t count on the immense global backlash … and not just diplomatically.
It was bad enough that pretty much every country on earth, from the United States to the Soviet Union, joined together in denouncing the invasion.
Britain was also severely punished by financial markets. Foreign capital fled the country. The British pound plummeted. Both the stock market and the bond market crashed.
It was absolutely brutal. Britain’s main stock index fell 170 points, roughly 8% in the span of ten days. Bond prices fell by 15% and bond yields surged as a result.
And the British government had to burn through roughly 15% of its total foreign reserves ($279 million at the time) just to keep its economy afloat.
Britain simply didn’t have the economic resources to withstand such intense financial pressure — much of which was inflicted by the United States. So, the Brits quickly backed down and accepted the ceasefire terms dictated by the UN.
What started as an almost patriotic mission to reclaim British patrimony ended in a humiliating withdrawal … and one that left no doubt in anyone’s mind that Britain was no longer a major superpower.
Continued Below...
Trump Unleashes Alarming
Divide on Wall Street
Turn On Your Images.
The new rules are transforming the market. 1,878 high-risk stocks that could crumble (and 7 that could soar 1,000% in the next five years). Is your portfolio on the right side of this historic divide? Find out before August 22nd. See Details.
Financial markets do crash from time to time, often in reaction to government policy or some exogenous event. But it’s extremely unusual to have the trifecta, i.e. a major decline in the stock, bond, AND currency markets, simultaneously.
For example, if a government announces a major tax increase, then most likely the stock market will suffer a sudden decline. Higher taxes are bad for business, and valuations will take a hit.
But higher taxes would make bonds a more attractive investment (since the additional tax revenue makes the government more creditworthy).
So, stocks would fall, yet bonds would benefit.
As another example, slashing interest rates would typically be perceived as good for business… so stocks would rise. But the reduced rates (which may invite higher inflation) could be perceived as bad for the currency… so the dollar might drop as a result.
There are always trade-offs, and capital tends to move in/out of various asset classes.
But again, it’s extremely unusual for all of these assets to decline, so dramatically, at the same time. And it’s usually a pretty clear sign that capital is fleeing your country, i.e. foreign investors are pulling a lot of money out, quickly.
Usually if this freak occurrence does take place, it happens to some little banana republic. Zimbabwe and Venezuela come to mind.
But for a wealthy, developed country to suffer such financial humiliation is extremely rare … and signals that something has gone terribly wrong.
Again, this happened to Britain during the Suez Crisis. It also happened to Japan after their big crash in the 1980s.
Even the US was humbled in 1971 when the dollar was taken off the gold standard; the Dow Jones Industrial Average fell 7% that August, the bond market fell (i.e. bond yields rose by more than 100 basis points), and the dollar lost 15% against other major currencies.
The US was able to recover back in the 70s, however, because it managed to maintain its position as the global reserve currency — and even still, it took a decade of stagflation before they managed to right the ship.
This month we witnessed the same pattern. After the Liberation Day nonsense, the US stock, bond, and currency markets all crashed (and gold surged to $3500 as a result). Substantial foreign pressure mounted.
And, at least for the moment, it appears that the US government is capitulating; just like Britain in 1956, the US government lacks the financial sturdiness to withstand the pressure.
Also, just like Britain in 1956, this may be the moment that future historians mark as the end to US global primacy.
It seems naive to think that the rest of the world will simply move on and forget about Liberation Day. Most likely this fiasco will accelerate the US dollar being displaced as the world’s dominant reserve currency.
No one knows yet what that new system will look like. And it’s because of the “I don’t knows” that gold surged to a peak of $3500.
Central banks have been the key driver of that trend, because, while they don’t know what the next reserve currency will be, they do know that they’ll be able to trade for it with gold.
I still believe this long-term trend will hold, i.e. central banks will continue to trade their US dollar reserves for gold.
But at the moment, gold is looking a bit overbought; its surge in price has been nearly a one-way street, and I wouldn’t be surprised if there were a short-term correction.
On that note, it’s very difficult to find anyone today who is bearish on gold … and when everyone has jumped on the same bandwagon, I start getting a bit nervous.
Fortunately, there are still a number of absurdly cheap gold companies, like mining, service, and streaming businesses, that are trading at ridiculously low multiples.
How can you say DOGE was a complete failure when it exposed that USAID was the primary money laundering mechanism of the radical leftist Democrat Party? That alone was a major reveal and worth the price of admission to the Kabuki Theater. Do you actually believe that US taxpayer spent $32K to create a Transvestite comic book in Peru? The list of fraudulent money laundering projects was extensive.
Whether you like Trump or don’t like Trump, you have to appreciate the fact that he proved the “Deep State” is real and they have created a government within the government that is only accountable to the WEF NWO Globalist Oligarch agenda.
Trump claims our economy is "roaring like never before," that "companies are coming from all over the world and opening up plants at levels we've never seen," and his first 100 days were "the most successful of any administration in history," the day Q1 GDP was reported at -0.3%.
Helicopter money is coming,buy Gold and Silver period end of story! Nothing else to say
100%.
I'd like to see a big crash and valuation come down to a reasonable level before the helicopter money !
The economy is cratering and yet buffet indicator/shiller p/e through the roof, this is insane !
Peter schiff is right to be invested outside the usa where you get 10ish p/e and in metals, even buffet who is normally bullish on usa, can't find anything of value right now domestically, hes bullish japan.
Greg, we all lost it a long time ago. Your behavior is completely normal, if it wasn’t for us being
here together we would all be in straight jackets.
Yep. Love you man.
Greg, love your stuff but its starting to get spammy.
I can deal with 2 posts a day, 4 is pushing it 9, is well over the top.
GREG YOU ARE FULL OF SHIT !!!!!!!!! DOGE SHOULD HAVE HAPPENED 20 YEARS AGO !!! EION IS NOT RESPONSIBLE TO BRING BACK THE DOLLARS
HE IS NOT RESPONSIBLE FOR THE CUTS !!! HE HAS SHOWN WHERE THE WASTE IS AND ITS OTHERS WHO HAVE THE RESPONSIBILITY TO STOP THIS
Donny, I like you. I gave you the numbers in the video... they do not lie. Moreover, No claw backs, no arrests, no parade of the guilty.
WHAT YOU ARE FORGETTING IS HE IS NOT A GOV'T PAID EMPLOYEE - HE HAS NO REAL AUTHORITY TO BRING BACK THE MONEY OR FIRE ANYONE OR ARREST ANYONE
TRUMP HAS OTHERS WHO DO THAT !!!!!
What's the source of your numbers? MSNBC ? Ha Ha
Why are you here there donny boy?
Please do yourself a favor, Get lost...
COME TO USA AND I'LL SHOW YOU WHO WILL GET LOST ASSHOLE
GO KISS CARNYS DICK
From a ZeroHedge Poster!
A Canadian was having a coffee and croissants with butter and jam in a cafe when an American tourist, chewing gum, sat down next to him.
The Canadian politely ignored the American, who, nevertheless started up a conversation.
The American snapped his gum and said, "You Canadian folk eat the whole bread?"
The Canadian frowned, annoyed with being bothered during his breakfast, and replied, "Of course".
The American blew a huge bubble. "We don't. In the States, we only eat what's inside.
The crusts we collect in a container, recycle them, transform them into croissants and sell them to Canada."
The American had a smirk on his face. The Canadian listened in silence.
The American persisted, "D'ya eat jam with your bread?"
Sighing, the Canadian replied, "Of course."
Cracking his gum between his teeth, the American said, "we don't. In the States, we eat fresh fruit for breakfast, then we put all the peels, seeds and the leftovers in containers, recycle them, transform them into jam and sell it to Canada."
The Canadian then asked, "Do you have sex in the States?"
The American smiled and said, "Why of course we do."
The Canadian leaned closer to him and asked, "And what do you do with the condoms once you've used them?"
"We throw them away, of course!"
Now it was the Canadian's turn to smile.
"We don't. In Canada, we put them in a container, recycle them, melt them down into chewing gum and sell them to the United States. Why do you think it's called Wrigley's?
Triggered!...LMFAO at you dumbed down brainwashed American...LOL
And Yes! Elon Musk is a Canadian who is your President and is your hero.....LOL
BIG MOUTH WHEN YOUR ON A COMPUTER -I WOULD KICK YOUR ASS IN PERSON AND TRUMP IS BETTER THAN YOUR PEDOPHILE CARNY
GO SUCK HIS DICK
https://www.youtube.com/watch?v=cUhQTEMByaM
I have not voted in over 30 years cuz most all politicians are corrupt lying scumbags and your Trump is #1...
Trump the Big Liar!
@PeterSchiff
Trump claims our economy is "roaring like never before," that "companies are coming from all over the world and opening up plants at levels we've never seen," and his first 100 days were "the most successful of any administration in history," the day Q1 GDP was reported at -0.3%.
https://www.michigandaily.com/arts/books/the-kids-cant-read/
https://www.apmresearchlab.org/10x-adult-literacy
From a ZeroHedge Poster!
A Canadian was having a coffee and croissants with butter and jam in a cafe when an American tourist, chewing gum, sat down next to him.
The Canadian politely ignored the American, who, nevertheless started up a conversation.
The American snapped his gum and said, "You Canadian folk eat the whole bread?"
The Canadian frowned, annoyed with being bothered during his breakfast, and replied, "Of course".
The American blew a huge bubble. "We don't. In the States, we only eat what's inside.
The crusts we collect in a container, recycle them, transform them into croissants and sell them to Canada."
The American had a smirk on his face. The Canadian listened in silence.
The American persisted, "D'ya eat jam with your bread?"
Sighing, the Canadian replied, "Of course."
Cracking his gum between his teeth, the American said, "we don't. In the States, we eat fresh fruit for breakfast, then we put all the peels, seeds and the leftovers in containers, recycle them, transform them into jam and sell it to Canada."
The Canadian then asked, "Do you have sex in the States?"
The American smiled and said, "Why of course we do."
The Canadian leaned closer to him and asked, "And what do you do with the condoms once you've used them?"
"We throw them away, of course!"
Now it was the Canadian's turn to smile.
"We don't. In Canada, we put them in a container, recycle them, melt them down into chewing gum and sell them to the United States. Why do you think it's called Wrigley's?
Trump the Big Liar!
@PeterSchiff
Trump claims our economy is "roaring like never before," that "companies are coming from all over the world and opening up plants at levels we've never seen," and his first 100 days were "the most successful of any administration in history," the day Q1 GDP was reported at -0.3%.
Trump is making himself . his family, and billionaire friends richer at our expense.
It’s way, way too early to start the critiques of DJT. Our country is in a lot of trouble, but another four of BJ or KH would only be lubricating the slide.
I think where we are now is a controlled, negotiated, GLOBAL default. No other way out of the massive multi trillion doller deficit(s).
I agree often with Greg, but I notice he doesn’t put forth a plan regarding the debt other than get rid of the Fed, buy gold (& other hard assets) and something or other with crypto. This probably because THERE ISN’T AN ANSWER. Just a negotiated global default and start over.
I’d prefer DJT on our side of this default negotiation rather than the Dems who have spearheaded our debt driven demise since they gained control after 1929’s debacle.
It's too late,
She's gone too far,
She's lost the Sun...
SHE'S COME UNNNNNDONE!!!!!
It's too late,
She's gone to far,
She's lost the Sun...
SHE'S COME UNNNNN DONE!!!!!
Interesting video
Was The Blackout In Spain A Coincidence?
https://youtu.be/CD_voLr_ujQ
??????????????????????????????????
April 30, 2025
America’s “Suez Moment”
Has Arrived
“Every empire suffers from hubris, arrogance and condescension, and therefore a moral blindness. That's true of the American empire, it was true of the British Empire earlier, and it will certainly be true of the Chinese Empire in the future.”
–Cornel West
Turn Your Images On
The President’s aggressive agenda may be too much, took quickly…
April 30, 2025 — Don Edgar considered himself extremely lucky.
It was early in the morning on November 6, 1956, and the World War II veteran turned journalist for Britain’s Daily Express was one of just two reporters invited to witness Britain’s invasion of Egypt.
Standing on the bridge of a British warship, Edgar wrote that it was “the most impressive military operation the British had put on for many a year, with parachutists, marine commandos, tanks, aircraft, and a naval bombardment.”
Naturally he would say so. Edgar was British.
The rest of the world, however, was not terribly impressed. And the United Nations — along with the US, Canada, Australia, and more — raced to condemn Great Britain for its aggression.
Britain naturally felt justified. Egypt had recently seized the Suez Canal-- one of the most important waterways in the world linking the Mediterranean and the Red Sea.
For Britain, the Suez Canal was a critical transport route for Saudi oil, not to mention a major asset; the British government had purchased a 44% stake in the canal back in the 1870s for a mere 4 million pounds, and the annual dividend soon exceeded their entire purchase price.
So, when Egyptian President Gamal Nasser nationalized the canal in July 1956, the British weren’t willing to take that lying down. To them it felt like theft.
Prime Minister Anthony Eden called it “piracy”, and he was willing to go to war to take the canal back.
Unfortunately for Eden, he underestimated the Egyptians’ resolve to fight.
Nasser responded by blowing up dozens of transport and cargo ships, effectively clogging up the canal and rendering it useless.
Eden also didn’t count on the immense global backlash … and not just diplomatically.
It was bad enough that pretty much every country on earth, from the United States to the Soviet Union, joined together in denouncing the invasion.
Britain was also severely punished by financial markets. Foreign capital fled the country. The British pound plummeted. Both the stock market and the bond market crashed.
It was absolutely brutal. Britain’s main stock index fell 170 points, roughly 8% in the span of ten days. Bond prices fell by 15% and bond yields surged as a result.
And the British government had to burn through roughly 15% of its total foreign reserves ($279 million at the time) just to keep its economy afloat.
Britain simply didn’t have the economic resources to withstand such intense financial pressure — much of which was inflicted by the United States. So, the Brits quickly backed down and accepted the ceasefire terms dictated by the UN.
What started as an almost patriotic mission to reclaim British patrimony ended in a humiliating withdrawal … and one that left no doubt in anyone’s mind that Britain was no longer a major superpower.
Continued Below...
Trump Unleashes Alarming
Divide on Wall Street
Turn On Your Images.
The new rules are transforming the market. 1,878 high-risk stocks that could crumble (and 7 that could soar 1,000% in the next five years). Is your portfolio on the right side of this historic divide? Find out before August 22nd. See Details.
Financial markets do crash from time to time, often in reaction to government policy or some exogenous event. But it’s extremely unusual to have the trifecta, i.e. a major decline in the stock, bond, AND currency markets, simultaneously.
For example, if a government announces a major tax increase, then most likely the stock market will suffer a sudden decline. Higher taxes are bad for business, and valuations will take a hit.
But higher taxes would make bonds a more attractive investment (since the additional tax revenue makes the government more creditworthy).
So, stocks would fall, yet bonds would benefit.
As another example, slashing interest rates would typically be perceived as good for business… so stocks would rise. But the reduced rates (which may invite higher inflation) could be perceived as bad for the currency… so the dollar might drop as a result.
There are always trade-offs, and capital tends to move in/out of various asset classes.
But again, it’s extremely unusual for all of these assets to decline, so dramatically, at the same time. And it’s usually a pretty clear sign that capital is fleeing your country, i.e. foreign investors are pulling a lot of money out, quickly.
Usually if this freak occurrence does take place, it happens to some little banana republic. Zimbabwe and Venezuela come to mind.
But for a wealthy, developed country to suffer such financial humiliation is extremely rare … and signals that something has gone terribly wrong.
Again, this happened to Britain during the Suez Crisis. It also happened to Japan after their big crash in the 1980s.
Even the US was humbled in 1971 when the dollar was taken off the gold standard; the Dow Jones Industrial Average fell 7% that August, the bond market fell (i.e. bond yields rose by more than 100 basis points), and the dollar lost 15% against other major currencies.
The US was able to recover back in the 70s, however, because it managed to maintain its position as the global reserve currency — and even still, it took a decade of stagflation before they managed to right the ship.
This month we witnessed the same pattern. After the Liberation Day nonsense, the US stock, bond, and currency markets all crashed (and gold surged to $3500 as a result). Substantial foreign pressure mounted.
And, at least for the moment, it appears that the US government is capitulating; just like Britain in 1956, the US government lacks the financial sturdiness to withstand the pressure.
Also, just like Britain in 1956, this may be the moment that future historians mark as the end to US global primacy.
It seems naive to think that the rest of the world will simply move on and forget about Liberation Day. Most likely this fiasco will accelerate the US dollar being displaced as the world’s dominant reserve currency.
No one knows yet what that new system will look like. And it’s because of the “I don’t knows” that gold surged to a peak of $3500.
Central banks have been the key driver of that trend, because, while they don’t know what the next reserve currency will be, they do know that they’ll be able to trade for it with gold.
I still believe this long-term trend will hold, i.e. central banks will continue to trade their US dollar reserves for gold.
But at the moment, gold is looking a bit overbought; its surge in price has been nearly a one-way street, and I wouldn’t be surprised if there were a short-term correction.
On that note, it’s very difficult to find anyone today who is bearish on gold … and when everyone has jumped on the same bandwagon, I start getting a bit nervous.
Fortunately, there are still a number of absurdly cheap gold companies, like mining, service, and streaming businesses, that are trading at ridiculously low multiples.
Regards,
James Hickma
LMAO at 'Licknut' <<< Perfect!
AND.....an accurate description; because this is, without a doubt, what he does to his Demon Globalist Masters!
Greg,
How can you say DOGE was a complete failure when it exposed that USAID was the primary money laundering mechanism of the radical leftist Democrat Party? That alone was a major reveal and worth the price of admission to the Kabuki Theater. Do you actually believe that US taxpayer spent $32K to create a Transvestite comic book in Peru? The list of fraudulent money laundering projects was extensive.
Whether you like Trump or don’t like Trump, you have to appreciate the fact that he proved the “Deep State” is real and they have created a government within the government that is only accountable to the WEF NWO Globalist Oligarch agenda.
Ukrainian adrenochrome.
Gutless Trump has not and will not jail Billionaire drug legalizer, currency speculator and NGO color revolution organizer George Soros crime family.
Agreed, Gregory
Trump the Big Liar!
@PeterSchiff
Trump claims our economy is "roaring like never before," that "companies are coming from all over the world and opening up plants at levels we've never seen," and his first 100 days were "the most successful of any administration in history," the day Q1 GDP was reported at -0.3%.
https://amg-news.com/the-digital-financial-reset-has-begun-4-7-trillion-in-untraced-payments-blocked-by-the-new-treasury-system/
THE DIGITAL FINANCIAL RESET HAS BEGUN: $4.7 TRILLION IN UNTRACED PAYMENTS, BLOCKED BY THE NEW TREASURY SYSTEM
IS IT TRUE ??? I AM NOT PART OF THE GOV'T
Why are you here there donny baby?
Lay off the Koolaid honey.
Your King Trumpet would kill you and eat you if he could make a buck. Come back to reality.