The government keeps telling people the economy is strong because the stock market keeps making new highs. That is the great deception behind every bubble throughout history. Wall Street is not Main Street. You can have record highs in financial assets while society underneath is quietly rotting in real time. The New York Federal Reserve […]

April existing home sales in the U.S. came in at an annualized pace of just 4.02 million units, barely rising 0.2% from March and missing expectations yet again. We are now looking at one of the weakest spring housing seasons in decades, despite population growth and years of underbuilding. Real estate has always been driven […]

US President Donald Trump reversed himself again as he continues to look for a way out of this quagmire, which has become a deeply unpopular conflict that’s driven up gas prices and threatens to plunge Europe into its own Great Depression.  The Iranian government appears divided, and the military seems to be assuming power, declining […]

Mark Carney has now openly declared that Canada can no longer rely on the United States, stating that the relationship has become a “weakness” rather than a strength. Roughly three-quarters of Canada’s exports go to the United States, tying the two economies together in a way that cannot simply be undone by political rhetoric. Yet […]

Governments always begin with taxation because it is the most straightforward and politically acceptable means of raising revenue, yet history has shown repeatedly that when deficits expand beyond control, taxation alone is never sufficient and the system begins to evolve into something far more intrusive. The United States is now running persistent deficits exceeding $1 […]

What we are witnessing across the United States is not just people relocating. It is the migration of income itself, and the numbers now confirm the scale. According to the latest IRS data, California lost $11.9 billion in adjusted gross income in a single year, while New York lost $9.9 billion. At the same time, […]

The War Powers Act of 1973, also known as the War Powers Resolution, was passed by Congress to reassert its constitutional authority over matters of war. Lawmakers were driven to action by a growing frustration with presidential power that had come to a head during the Vietnam War and the secret bombings of Cambodia. The […]

The Bank of France has just completed a major restructuring of its gold reserves, selling 129 tonnes of gold previously stored at the Federal Reserve Bank of New York and replacing it with newly refined, internationally compliant bullion now held entirely within its vaults in Paris. This operation represented roughly 5% of France’s total gold […]

The data coming out of Massachusetts confirms exactly what I have been warning about for years. You cannot raise taxes on a shrinking base and expect the system to hold together. According to new IRS migration data, the state lost roughly $4.18 billion in adjusted gross income to other states in 2023, a dramatic increase […]

Perhaps the greatest misunderstood reality of war is that people may focus on the tactical victory of eliminating a target, but there is far more to war than merely blowing up buildings or defeating an army on the battlefield. War always results in political change in both the victor and the vanquished. What is taking […]