Are You FREAKING Serious? It's ALWAYS About Money

After 50 years on Wall Street and 35 years in radio ,television and the internet it's time to bid adieu. Mahalo to all my faithful listeners through the years and ALOHA! 

President Biden gave the State of the Union address Tuesday evening. I was riveted especially when he said "let's finish the job." That of course is code for "4 more years." Soooooo, I thought I'd fact check the core of his speech which was that "the U.S. economy is in great shape and much better times are just around the corner." This show is the result of what I found. HEY JOE, Are You Freaking Serious?! 

During the pandemic people were buying and companies were shipping.......in CARDBOARD. Prices rose 55%. New production facilities were built and supply ramped up to meet demand. Even the NASDAQ said it would last forever, up !0% in January. That hasn't been done since Jan 2001. What happened next wasn't pretty, a 50% drop. Could this be Deja Vu, all over again?

In 2008 securitization spelled doom for the Homebuilders. Now it's Deja Vu, all over again, but this time it's mortgage rates. Homebuilder stocks didn't see it then and they don't see it now,
AND that spells opportunity on the SHORT side.

Retail is leveraging and buying like there's no tomorrow. Insiders are still selling. Some one is right and someone is wrong. Perhaps we'll find the answer in the most recent CPI report? Stay tuned it should be fun.

We start the year with a new title and a new focus. 2022 has made me realize, that no matter how you describe the BS in the world, at the end of the day, "It's Always About Money."

From Madoff to Bankman-Fried  and Housing to Cryptos, the bubbles are bursting right in front of our eyes. 

So we can't say Merry Christmas any more it must be Happy Holidays and all that that means.

Since the inception of the Fed in 1913 they have made mistake after mistake. But nothing can hold a candle to the most recent decisions that are putting us on the path to financial ruin.

Today we explore a little  in the world of technical analysis to tell us what is setting up. Do I have a crystal ball? Of course not. But I can read charts and they say things don't look pretty. 

When people are floundering around looking for the answers I am so thankful that at least one person can see clearly........... ME!!!!!!!

From inflation to bugs and cattle to CO2. The World Economic Forum's game plan is climate change forevermore.

The 2022 midterm election was decided by all the people who are only interested in the free stuff. And those who are looking for a new tomorrow with crypto were stunned to realize that, after losing millions, the more things change the more things stay the same. 

It's election day 2022. Most see a big Red wave. But if you believe that then you also believe the Dems will go quietly into the night and if you believe that then let me know the next time the UNICORN make a visit. The Dems will pull every conceivable trick in the book to disrupt this election and then will lawyer up to keep us in the dark for days, weeks and maybe months.  Yes the results will eventually come but what other trick will the left pull till then?  Stay tuned as  Ayn Rand said "the truth is sometimes difficult to find." And Brazil was able to count all their millions of ballots in 24 hours.   

Biden will have the veto and Schumer will have the filibuster and many on both sides of the aisle love fiat money and war. So are we just kidding ourselves in hoping for a RED wave? Only time will tell.

Math and Reading scores are in the can. Students can't read, write or do arithmetic but boy are they one with their phone.

From the left to the right they all talk about the approaching recession. The reality and Economic Definition is that two quarters of GDP, which we just had, IS a RECESSION. Of course do defintions really matter any more when we can't define a woman. 

Food inflation is the highest in 40 years. But Pepsico is riding high and Charlie Evans Chicago Fed President says "Oh well."

Opec+ cuts production by 2MBD. The DOE revises U.S. gasoline demand dramatically upward. Including SPR the energy reserves of this country are at the lowest since 2004. China is coming out of Covid. Biden is negotiating (begging) Venezuelan dictator Maduro to let Chevron pump more oil but refuses to open up domestic production. Hmmmm. I've never seen a better poster child for an example of supply and demand and its end result. You will pay a lot more to fill your tank.

So will it be inflation or deflation? Perhaps both. Really???
The actions of two diverse entities give us our best clues as two what will happen on the monetary front in the months ahead. Presenting the Bank of England and Nike.

Joe thinks inflation is just up an inch and he thinks the US has a through line of hate. Who says you can't be stupid and get to the top of your profession? 

Now it can be told that all the great job increases announced by the Biden Administration are a result of double accounting. Yes the White House did say "what are the job numbers" and the BLS did reply, "what do you need them to be."

The CPI number looks to come in lower, month over month. But it took depleting our Strategic Oil Reserve, to an HISTORIC LOW, to do it. 

The sanctions imposed against Putin and Russia seem to be working directly opposite to what the intended purpose was. No one is talking about a cold winter in Moscow but they certainly are in London.  

Is it really just coincidence that the leaders of the West like Biden , Trudeau, Johnson and Merkel have made so many bad decisions about energy, money, immigration, and so much more, all at the same time? Or could it all be by design?

The June stock market upside was a simple Bear Market Rally. Powell's Jackson Hole commentary was the match that lit the fire. That, coupled with both fundamental and technical deterioration, spells turmoil DEAD AHEAD for investors and their money.

Eisenhower warned about the Military Industrial Complex. But could he have imagined that our military spends more than the next nine countries, including China and Russia, COMBINED?

From Mar-A-Lago to Hunter Biden I have had it. I'm fed up with the corruption, the stupidity, and the total disregard for me as an American citizen. I didn't think I would say this but President Trump please run in 24. I am behind you 100% and hope to see PAY BACK.

The Consumer, 70% of GDP, is broke and the INSIDERS are selling. Could it all portend danger ahead for the markets? Hmmmmmm!

The Atlanta Fed says growth is plummeting at such a rate that another quarter of negative growth could be in the cards. So what do we call it then Pres. Biden?

Economist's like Volker, Bernanke, Yellen and Deese have discovered that if the definition doesn't fit your scenario then just change it. First it was inflation in the 1980's, then securitization in 2008 and now recession. Should we be surprised since the newest Supreme Court justice can't define a woman. 

Putin has been several steps ahead of the West for quite sometime. What if, THINKING OUT LOUD, the recent announcement to start the flow of gas again, through Nord Stream 1, was just a ruse to hype the markets in the U.S. and Europe? He goes long before the announcement and then goes short before he says "Sorry, just kidding.!" Think about it.

The June payrolls establishment report and the household report are at such odds there must be some chicanery present. We pull back the covers and peal the onion skins to get at the truth.

From politicians to celebrities, athletes to CEO's, because of Roe v. Wade, the 4th of July has come under attack. The lack of knowledge of what actually we are celebrating is almost laughable if it wasn't so frightening. HOW DARE! anyone attack the founding fathers and the sacrifices they made to give us "life, liberty, and the pursuit of happiness.

The first half of 22 is over, thank God. Now what? More of the same? There is one group of investors who hold the key. 

A tradition in American politics is the No-business meeting. Herbert Hoover pioneered the meeting in 1929. Now the G-7 has taken it to a whole new level. 

The collapse of Crypto Currencies is very reminiscent of the Investment Trusts of 1929. Just another example of Mark Twains, "history doesn't repeat but it does rhyme."

Sorry to say I got hit with a summertime cold, not COVID, unlike Fauci. So, it's time to play catch up. We start by clarifying the impact of the Fed's 75 basis point increase. It will definitely put a chill on home buying but will do nothing for food and gas. You know, the stuff they call headline.

Restaurants are not just raising prices to offset inflation they've also  introduced kitchen appreciation, supply chain, transaction and even wellness fees. So scan your bill carefully.

Demand destruction is taking its toll on Corporate profitability. So what  is the next step for Companies to maintain their margins? It would appear pink slips are on the horizon.

The Democrats in the House have decided to solve our high gas prices by attacking oil companies for price gouging. Unfortunately if they only knew the facts they may have put another industry in their crosshairs, the potato chip folk. 

The way to attack inflation, "too much money chasing too few goods," is to either reduce money supply to meet the quantity of goods or increase the quantity of goods to meet the supply of money.  Unfortunately Gov. Newsome, of California, heard God say BRAINS and thought he said RAINS and headed for the shelter. He is increasing money with decreasing goods. A sure recipe for higher prices. It must be the Cali way.

First it was Nixon in '71 and now Biden in '22, PRICE CONTROLS. I am convinced that when GOD said "Brains" these jokers thought he said "Rains" and headed for the shelter. If price controls are implemented, the inflation disaster, on the horizon, will make the 70's inflation blood bath look like a tune up.

If you think you're confused how about the Fed. They have no clue. Inflation has escaped the box and it will be a long time before the Fed is able to put it back in. To me the only stable money is gold. RIGHT HERE! RIGHT NOW!

What would would happen if all the commodity producers went on strike and decided NOT to sell anything to the world's customers, unless they agreed to their terms, like HOW to pay. An interesting question beginning to play out on the world's stage. We are starting to come to grips with where the real power lies. Its not in dollars or in guns.

Three listeners called me out on the definition of GLOBALISM when I should have said GLOBALIZATION in the last show. Apologies go out to all listeners and to the Ian, Joan and Neil I have only one thing to say, "Are You FREAKING Serious?!" 

Punctuated equilibrium, from dinosaurs to the fall of the Berlin Wall, has raised its ugly head again. The victim this time will be Globalism. What will replace it will be two camps made up of the West and the Brics. The ultimate winner? Only time will tell.

The idea that the Fed will stop inflation by raising interest rates is ludicrous. The politicians will keep on spending but more important the POITICAL GENIUSES have created unprecedented shortages.

JFK attacked inflation by aggressively cutting taxes and reducing spending, specifically for the military industrial complex. Biden's strategy is to increase taxes and crank up the printing presses. Until a bullet stopped him Kennedy's strategy showed brilliant growth enhancement, a stable dollar, and controlled prices. Unfortunately the current Democrat's strategy seems to be an attack on everything and everyone JFK was trying to help with no growth, an unstable dollar and out of control inflation. Oh for the days of Camelot.

Putin has demanded that all oil and gas purchases be paid for in rubles. SILLY the US media said. But then they noticed the fact that Russia has tied its currency to gold which trades in dollars. Oooops!! Putin has brilliantly set a floor for rubles to the dollar and in so doing strengthened his currency. I'd say Mr. Putin just said "CHECK" to Mr. Biden.