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 | James Howard Kunstler |
| Fishtailing into the Future |
| The opening chapters of Michael Lewis’s new book, The Fifth Risk, detail the carelessness of the Trump transition team in the months leading up to his swearing-in as president. Former New Jersey governor Chris Christie led the team, with its binders full of possible agency chiefs, before he was summarily canned by Steve Bannon, who would be dumped soon himself by the ascending Golden Golem of Greatness. There was, in fact, a set of rigorous protocols for managing the transition of power based onFriday, October 5, 2018 |
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 | Steve St Angelo - SRSRocco Report |
| Dow Jones Tanks As Silver Market Price Bottoming |
| During the last 90 minutes of trading on Wednesday, the Dow Jones Index tanked by 400 points. Supposedly, the steep selloff had something to do with the release of the Fed minutes. However, today, the market has reversed once again and is up by 200 points. Unfortunately for mainstream investors, it doesn’t matter what the Fed or Wall Street have to say; the broader markets will continue to fall precipitously over the next few years.Interestingly, as the indicators point to extreme leverage inFriday, February 23, 2018 |
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| SRSrocco - SRSRocco Report |
| Dow Jones Tanks As Silver Market Price Bottoming |
| During the last 90 minutes of trading on Wednesday, the Dow Jones Index tanked by 400 points. Supposedly, the steep selloff had something to do with the release of the Fed minutes. However, today, the market has reversed once again and is up by 200 points. Unfortunately for mainstream investors, it doesn’t matter what the Fed or Wall Street have to say; the broader markets will continue to fall precipitously over the next few years.Interestingly, as the indicators point to extreme leverage inFriday, February 23, 2018 |
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| SRSrocco - SRSRocco Report |
| Top Gold Producers Mine Supply To Fall Right When Potential Investment Demand To Surge |
| The gold market is setting up for a perfect storm as the top mining producers’ supply is forecasted to decline right when demand is likely to surge. The surge in gold demand will occur as the broader stock markets roll over and begin their inevitable massive correction. Due to the tremendous amount of leverage in the system, the coming market correction will be quite violent at times. If investors believe the correction is over, and high times are here again, then they haven’t learned anythinTuesday, February 20, 2018 |
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| James Howard Kunstler |
Party On, Dudes  |
| As of this week, the shale oil miracle launched US oil production above the 1970 previous-all-time record at just over ten million barrels a day. Techno-rapturists are celebrating what seems to be a blindingly bright new golden age of energy greatness. Independent oil analyst Art Berman, who made the podcast rounds the last two weeks, put it in more reality-accessible terms: “Shale is a retirement party for the oil industry.”
It was an impressive stunt and it had everything to do with the realitSunday, February 11, 2018 |
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| SRSrocco - SRSRocco Report |
| Future U.S. Oil Production Will Collapse Just As Quickly As It Increased |
| While U.S. oil production reached a new peak of 10.25 million barrels per day, the higher it goes, the more breathtaking will be the inevitable collapse. Thus, as the mainstream media touts the glorious new record in U.S. production that has both surpassed its previous peak in 1970 and Saudi Arabia’s current oil production, it’s a bittersweet victory.Why? There are two critical reasons the current record level of U.S. oil production won’t last and is also, a house of cards. First of all, oilThursday, February 8, 2018 |
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| Steve St Angelo - SRSRocco Report |
| WORLD’S LARGEST SILVER MINES: Suffer Falling Ore Grades Rising Costs |
| The world’s two largest silver mines have seen their productivity decline substantially due to falling ore grades and rising costs. Gone are the days when silver mines could produce silver at 15-20 ounces per ton. Today, the Primary Silver Mining Industry is likely producing silver at an average yield of 4-5 ounces per ton.In my newest video, I discuss the changes that have taken place in the world’s two largest silver mines, the Cannington Mine in Australia and the Fresnillo Mine in Mexico. Wednesday, January 31, 2018 |
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| SRSrocco - SRSRocco Report |
| WORLDS LARGEST SILVER MINES: Suffer Falling Ore Grades And Rising Costs |
| The world’s two largest silver mines have seen their productivity decline substantially due to falling ore grades and rising costs. Gone are the days when silver mines could produce silver at 15-20 ounces per ton. Today, the Primary Silver Mining Industry is likely producing silver at an average yield of 4-5 ounces per ton.In my newest video, I discuss the changes that have taken place in the world’s two largest silver mines, the Cannington Mine in Australia and the Fresnillo Mine in Mexico. Wednesday, January 31, 2018 |
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 | Richard Mills - Ahead of the Herd |
| Resurgent US oil industry priming the economic pump |
| Crude oil prices dropped from $110 a barrel in the summer of 2014 to about $30 in January 2016. The effect on oil producers and oil-producing countries was dramatic. The Russian ruble plunged, and the Canadian dollar slipped to below 70 cents US for the first time since 2003, kicking the country into recession and snuffing out the oil boom in Alberta. Many foreign companies operating in the high-cost Canadian oil sands pulled up stakes.
One of the hardest hit countries was Venezuela, whose petrFriday, January 26, 2018 |
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| SRSrocco - SRSRocco Report |
| WARNING: Markets Reaching Extreme Leverage |
| As investors’ bullish sentiment moves up to euphoric levels, the markets are reaching extreme leverage. This is terrible news because a lot of people are going to lose one heck of a lot of money. According to CNN Money’s Fear & Greed Index, the market is now at the “extreme greed” level and if we go by Yardeni Research on “Investor Intelligence Bull-Bear Ratio,” it’s also at the highest ratio in 30 years.But, of course… this time is different. Or is it? I continue to receive emails and commeSunday, January 21, 2018 |
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| SRSrocco - SRSRocco Report |
| The Leveraged Economy BLOWS UP In 2018 |
| Enjoy the good times while you can because when the economy BLOWS UP this next time, there is no plan B. Sure, we could see massive monetary printing by Central Banks to continue the madness a bit longer after the market crashes, but this won’t be a long-term solution. Rather, the U.S. and global economies will contract to a level we have never experienced before. We are most certainly in unchartered territory.Before I get into my analysis and the reasons we are heading towards the Seneca CliFriday, January 5, 2018 |
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 | Mish - Global Economic Analysis |
| Economists Think Inflation Will Rise Sharply in 2018: They're Wrong |
| Let's investigate six reasons economists think inflation is about to pick in 2018 and why I think they are dreaming.Reason Number One - Wage Hikes
Minimum wages rise in 18 states starting in 2018.
Former Fed Vice-Chairman Stanley Fischer told Bloomberg TV on October 4, “I still believe we will have higher inflation. The basic mechanism here is unemployment is declining all the time, wages will start going up at some stage.”
Wage Hike Rebuttal
The National Bureau of Economic Research paper: MiThursday, January 4, 2018 |
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| James Howard Kunstler |
Forecast 2018 — What Could Go Wrong  |
| Markets
If you take your cues from Consensus Trance Central — the cable news networks, The New York Times, WashPost, and HuffPo — Trump is all that ails this foundering empire. Well, Trump and Russia, since the Golden Golem of Greatness is in league with Vladimir Putin to loot the world, or something like that.
Since I believe that the financial system is at the heart of today’s meta-question (What Could Go Wrong?), it would be perhaps more to the point to ask: what has held this matrix of rackeMonday, January 1, 2018 |
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 | Chris Martenson |
The Great Oil Swindle  |
| When it comes to the story we're being told about America's rosy oil prospects, we're being swindled.
At its core, the swindle is this: The shale industry's oil production forecasts are vastly overstated.
Swindle: Noun - A fraudulent scheme or action.
And the swindle is not just affecting the US. It's badly distorted everything from current geopolitics to future oil forecasts.
The false conclusions the world is drawing as a result of the self-deception and outright lies we're being told is Saturday, December 16, 2017 |
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 | Andy Hoffman - Miles Franklin |
| BHP Billiton: World’s Largest Mining Company To Exit Its $50 Billion Shale Oil Blunder |
| BHP Billiton, the world’s largest mining company, has finally decided to exit the shale energy industry entirely. In a recent statement, BHP Billiton has asked four investment banks to assist in either selling or spinning off its underperforming U.S. shale oil and gas assets. Unfortunately, for BHP, the company sunk nearly $50 billion on its shale assets and will be lucky to receive $10 billion.
Something must have changed at corporate headquarters because the company stated last month that thThursday, December 14, 2017 |
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 | Rory Hall - Sprott Money |
| If You THINK About Taking Someone’s Golden “Pet Rock” It Would Be a “Declaration Of Financial War” - Rory Hall |
| Russia is not Venezuela.
I have long argued that most of Venezuela’s monetary issues are due
to their unwillingness to return the gold they received from the Federal
Reserve. Goldman Sachs had offered to acquire Venezuela’s gold, when
the oil market began it’s slide and
OPEC decided to flood the market with oil.
The story line was OPEC was attacking the US shale oil market when this
move actually crushed Russia and Venezuela’s oil market. Venezuela,
eventually, accepted
Goldman’s offerFriday, December 1, 2017 |
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| Chris Martenson |
| If The Saudi Arabia Situation Doesn't Worry You, You're Not Paying Attention |
| While turbulent during the best of times, gigantic waves of change are now sweeping across the Middle East. The magnitude is such that the impact on the global price of oil, as well as world markets, is likely to be enormous.
A dramatic geo-political realignment by Saudi Arabia is in full swing this month. It’s upending many decades of established strategic relationships among the world's superpowers and, in particular, is throwing the Middle East into turmoil.
So much is currently in flux, espeSaturday, November 11, 2017 |
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| Chris Martenson |
| Running Out Of Room |
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The idea of an 'industrial economy' is an extremely recent human invention. And we’ve staked quite a lot on its continuation.
But it faces a massive predicament: It’s running out of resources.
When talkingSaturday, November 4, 2017 |
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| Steve St Angelo - SRSRocco Report |
| THE U.S. PETRO DOLLAR BREAKDOWN CONTINUES: Big Moves In Gold And Silver Ahead |
| By Steve St. AngeloThe four-decade long monopoly of the U.S. Petro-Dollar as the world’s reserve currency is coming to an end. Unfortunately, most Americans have no clue that when the Dollar loses its reserve currency status, life will get a lot tougher living in the U.S. of A. Let’s say, Americans will finally receive “Precious metals religion.”The U.S. Dollar Index fell considerably yesterday and is now down below a key support level. In early morning trading yesterday, the U.S. Dollar IndeThursday, September 14, 2017 |
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| Steve St Angelo - SRSRocco Report |
| YOU HAVE BEEN WARNED: The Situation In The Markets Is Much Worse Than You Realize |
| By Steve St. AngeloIt’s about time that I share with you all a little secret. The situation in the markets is much worse than you realize. While that may sound like someone who has been crying “wolf” for the past several years, in all honesty, the public has no idea just how dire our present situation has become.The amount of debt, leverage, deceit, corruption, and fraud in the economic markets, financial system, and in the energy industry are off the charts. Unfortunately, the present conditThursday, September 14, 2017 |
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