Moss Landing: It’s the worlds largest battery storage facility & the 4th MAJOR fire in less than 4 years. There was a mandatory evacuation of an area of 7600 acres surrounding the facility (about 12 square miles) https://www.youtube.com/watch?v=_tyCV5RpLIY
Maybe I did. I’m too busy to recall what I did yesterday!
My dream was I was a submarine commander focused on the instruments when the deputy commander tapped me on the shoulder and recommended I surface to get some air.
Pat probably was telling me we needed to get out for a walk even though it was wet and cold outside because I had been working non-stop the past two weeks.
jimg
January 20, 2025 4:06 pm
#44207
New US Rule Aims to Block China’s Access to AI Chips and Models by Restricting the World The US government has announced a radical plan to control exports of cutting-edge AI technology to most nations.
Projecting a market drop very similar to the summer of 1998 when the market dropped 19.5 percent
“S&P 500 every single time we’ve had a significant draw down the S&P 500 since the start of the global financial crisis it’s come either in a global refinancing air pocket or a draw down in global liquidity or both”
Some comments about Treasury nominee Scott Bessent who was a client of his until recently. Since Dale speaks at such a rapid pace, I went to settings and reduced the playback speed to .75. I also utilized the CC and the transcript.
Two serious responses to Trump’s threats against Canada that Americans should consider.
I’ll say that I don’t think most Americans comprehend the economic and financial disaster that lies ahead for the country should Trump back his threats with action this week as he promises to do.
The former Prime Minister of Canada, Jean Chretien, speaks on his 91st birthday on National TV re Trump’s Economic War Against Canada https://www.youtube.com/watch?v=cq5dB2CPOvs
I have never voted for the political parties behind Jean Chretien (Liberal) and Charlie Angus (New Democrat). However, I agree with them and can say that more than 95% of Canadians support almost every word they say in these videos.
Should Trump apply the tariffs against Canada, as he says he will, there will be immediate retaliation. This was already approved in a meeting this week by every important federal and provincial politician of all political stripes. Much of America will shut down immediately.
I laughed when Chretien said that for Trump to visit his residence and offices at Trump Tower, he will have to walk up the stairs by candlelight. If his MAGA cult followers find that ridiculous, then consider this.
The following US states rely on electric power imported from Canada:
New York
Vermont
Massachusetts
Connecticut
Rhode Island
New Hampshire
Maine
Michigan
Ohio
Illinois
Montana
North Dakota
Canada is a significant electricity supplier to these states, helping to balance the grid and provide reliable power. Yes, the lights will go out.
Charlie Angus does get into the nitty-gritty of a trade war, but he missed this point:
American production of automobiles and airplanes will soon stop because the supply chain will have broken. Before these products are produced, some parts require crossing the US-Canada border seven times, which will immediately stop.
When Trump rants, too few listeners understand the gravitas of his remarks. Should he try to put these words into action, Americans will wake up to a new reality.
Launch of Melania coin is causing Trump coin to crash. Elon was right, we are living in a simulation. Which one of the kids coins will perform best? The day before inauguration as leader of free world and this is what Trump is focused on. Tells you everything you need to know.
jimg
January 18, 2025 10:54 am
#44174
Why now? Claiming they were duped? How Biden’s Inner Circle Protected a Faltering President
“Your biggest issue is the perception of age,” Mike Donilon, the president’s longtime strategist, told him in 2022, according to people who heard him.
It has reached the point of absurdity….how can they even prove it was “Chinese” hackers
Chinese Hackers Accessed Yellen’s Computer in US Treasury Breach
The Chinese operatives breached the top Treasury officials’ computers along with more than 400 laptop and desktop machines, accessing employee usernames and passwords as well as more than 3,000 files on unclassified personal devices, the report states. The intruders also accessed “law enforcement sensitive” data and material on investigations run by the Committee on Foreign Investment in the US, which reviews the national security implications of some foreign financing, according to the Treasury report.
In June 2015, the Office of Personnel Management (OPM) announced that hackers had stolen the personal information of millions of federal employees and contractors. This was one of the largest data breaches in U.S. history.
Insurers’ Rule Change Puts California Homeowners on the Hook for L.A. FireThe spiraling cost to rebuild could overwhelm the California Fair Plan, the decades-old, government-created insurance safety net
Mark Carney: The Ultimate Insider Masquerading as an Outsider
Alright, let’s get into it—no sugarcoating, no fluff. Mark Carney’s so-called “outsider” bid for Liberal leadership is an absolute joke. The man isn’t just tied to the establishment; he’s practically its mascot. Let’s not mince words here, folks—Mark Carney isn’t just an insider; he’s the ultimate insider. He’s been embedded in Justin Trudeau’s inner circle for the past year, working as the prime minister’s economic adviser and chairing some task force on so-called economic growth. This man is so entrenched in the Liberal Party’s machinery that he’s practically part of the furniture. Yet here he is, trying to sell himself as an “outsider,” the guy who’s going to swoop in and shake things up. It’s laughable.
But Carney’s little act doesn’t stop there. He went on The Daily Show—yes, The Daily Show, the safe space for liberal elites who want to avoid real scrutiny—and had the audacity to pitch himself as a champion for the average Canadian. This, from a guy who spent years rubbing elbows with global financiers and jetting off to Davos to discuss how to further enrich the world’s elites. He’s been pushing these destructive “Net-Zero” policies that are killing Canada’s energy sector while simultaneously investing in industries abroad that don’t even follow those same rules. Hypocrisy? Thy name is Mark Carney.
Think about this: Carney has been touted as Justin Trudeau’s go-to economic guru since 2024. That’s right—while Trudeau’s Liberals were tanking the economy, crushing the middle class with soaring costs and carbon taxes, Carney was right there in the room, helping to steer the ship straight into the iceberg. He’s not an outsider. He’s the architect of the very policies that have made life unaffordable for millions of Canadians. And now he wants you to believe he’s some kind of reformer? Please.
But it gets better—or worse, depending on how much stomach you have for hypocrisy. Carney’s campaign is being orchestrated by none other than Gerald Butts and Katie Telford, Trudeau’s top lieutenants. Yes, you heard me right. These aren’t just Trudeau’s closest allies; they’re the architects of the Trudeau era—every failed policy, every embarrassing scandal, every tax and restriction that’s crippled Canadian families and businesses. And now they’re propping up Mark Carney like he’s the second coming.
Let’s start with Gerald Butts. This is the guy who was Trudeau’s right-hand man, the brains behind the Liberal government’s disastrous energy and environmental policies. Remember the SNC-Lavalin scandal? That was Butts, front and center, accused of orchestrating the pressure campaign to shield a corrupt corporation from prosecution. He was forced to resign in disgrace, but like all good swamp creatures, he didn’t go far. Now, he’s back in the shadows, running Carney’s campaign, because of course he is. This is what these people do—they fail upwards.
Then there’s Katie Telford, Trudeau’s chief of staff and one of the most powerful unelected figures in Canadian politics. Telford’s name has been tied to some of the most damaging controversies of Trudeau’s tenure. From the WE Charity scandal to the mishandling of sexual misconduct allegations in the military, her fingerprints are all over this government’s failures. And now, she’s reportedly making calls to rally support for Carney, all while the Liberal spin machine denies her involvement. Right. Because nothing says “outsider” like having Trudeau’s closest ally work the phones on your behalf.
But let’s not stop there. These two aren’t just loyal to Trudeau—they’re loyal to an ideology, a worldview that prioritizes global elites over everyday Canadians. Gerald Butts? He’s a regular at the World Economic Forum, the globalist playground where unelected bureaucrats and billionaires dream up schemes like “Net-Zero” that gut Canada’s energy industry while letting countries like China pollute unchecked. Katie Telford? She’s the gatekeeper for Trudeau’s “post-national” agenda, the one that views Canada not as a proud, sovereign country but as a blank slate for woke experiments and international virtue signaling.
Let me spell it out for you: Mark Carney isn’t an outsider. He’s a Trojan horse for the same deep-state operators who’ve been running Canada into the ground for years. Butts and Telford are the Canadian equivalent of the deep state—unelected, unaccountable, and completely entrenched in the halls of power. Their job isn’t to serve Canadians; it’s to protect their own interests and the interests of the global elite. And now they want to hand the keys to Mark Carney, a man who spent years rubbing shoulders with those same elites while Canada’s middle class struggled under the weight of Liberal policies.
And here’s the kicker: they think you’re too stupid to notice. They think they can slap a fresh face on the same old agenda and you’ll fall for it. But the truth is obvious. Carney’s campaign is being orchestrated by Trudeau’s insiders because he’s not here to fix the system—he’s here to preserve it. He’s here to make sure the same people stay in charge, the same policies stay in place, and the same Canadians get left behind.
So when Carney calls himself an outsider, remember who’s standing behind him. Gerald Butts, the scandal-plagued strategist who’s never met a pipeline he didn’t want to kill. Katie Telford, the power broker who’s been the gatekeeper for Trudeau’s worst decisions. These aren’t outsiders—they’re the deep state. And they’re betting you won’t see through their little game. But here’s the thing: Canadians are smarter than that. They’re tired of being lied to. They’re tired of being used. And they’re ready to say enough is enough.
Pete Hegseth is unquestionably the least qualified candidate for Secretary of Defense in the history of the United States.
Bar none.
If ratified, and if President Trump orders him to invade Canada, Greenland, or Panama, the only discussion will be “When?”
More people ought to be concerned about this. If some of Trump’s 3 am Twitter rants are not enough to frighten the world, think about this: The most powerful mafia leaders only had an army of a few thousand people, sufficient to back their threats. With Hegseth as Underboss, Trump will directly control 1.4 active military personnel.
The fact that the Senate possibly considers Hegseth capable of the job is downright scary. Corporate media should not cover this Hegseth hearing as they are. They should be broadcasting an emergency alert on the National Public Alerting System!
He’s a foot soldier, an O4, a Major. Not to demean anyone’s rank but this guy will have senior 4-star generals reporting to him. It’s like taking any random SGT and making the person Chief of Staff of the Army.
Just watched the Pete Hegseth confirmation hearing with the Senate. Very evasive and clings to his “smear campaign” defense. Chose to not give direct answers on some important questions. I don’t see how they can confirm this guy for SecDef.
Apparently Hegseth has the votes to be confirmed. The world finds this unbelievable but it’s a sign of the chaos to come. That Senators believe Hegseth is qualified to oversee the US military is proof they are not independent thinkers, but blind disciples of Donald Trump. That’s not democracy.
jimg
January 14, 2025 9:50 am
#44118
China starving commodity firms of capital
9 year backlog of military orders from the U.S. due to lack of production capacity
Leland Miller joins Michael Green and Harley Bassman to discuss what the China Beige Book reveals about the investment universe.
“I have met a lot of entrepreneurs in my life, I mean a lot. I have been to more factories than you can care to think about. And none of these people are concerned with financial markets. None.”
Every capital raise CEO I have met in my investing career spanning 45 years has been concerned about financial markets. Every one. I’ll even bet I have had more face-to-face meetings with more CEOs than ‘master value investor’ Tony Deden.
As a chartered accounting student long before I joined the investment industry, the partner-in-charge called me to his office one day to advise me not to refer to our client in the working paper files as a junior industrial because that was “stock market talk.” LOL. I told him that the management and board of directors needed to get that message because they spent hours every day in the boardroom monitoring the trades in the stock market.
Last edited 13 hours ago by Bill Cara
jimg
January 13, 2025 5:48 pm
#44099
December MBS mortgage delinquencies continue their K shape “Unemployment as the stated reason for delinquency is approaching double the pre-covid norms. This stands in contrast to the recent jobs numbers and steady growth in social security directed payroll tax receipts.”
“Whatever your macro take might be if it isnt accounting for the growing distress in FHA and to a lesser degree VA mortgages right now (but barely if really at all happening to GSE mortgages), then it probably ought to be.” https://johncomiskey.substack.com/p/december-mbs-mortgage-delinquencies
jimg
January 11, 2025 9:00 am
#44047
CES: 6th Gen WAYMO DRIVER on Zeekr and Hyundai EVs
U.S. government to Zuckerberg: ‘said anything that says vaccines have side effects, you need to take down.’
In Friday’s episode, Zuckerberg said a turning point for his approach to censorship under Biden came when the president publicly said social media memes combatting his pandemic narrative were ‘killing people.’ ‘All these different agencies and branches of government just started investigating and coming after our company,’ he said. ‘It was brutal, brutal.’
What better way to fight disease…who will need big pharma? Heritable polygenic editing: the next frontier in genomic medicine?
“For example, editing a relatively small number of genomic variants could make a substantial difference to an individual’s risk of developing coronary artery disease, Alzheimer’s disease, major depressive disorder, diabetes and schizophrenia. Similarly, large changes in risk factors, such as low-density lipoprotein cholesterol and blood pressure, could, in theory, be achieved by polygenic editing.”
Banks face growing risk as double defaults on commercial loans mount A bank practice known as ‘extend and pretend’ has delayed a write-off reckoning but may hide a growing systemic risk
For me Gold is a protective asset right now and an inflation hedge. As to the bounces, Bill is a much better guide. I’m terrible at trading 😿
Last edited 11 days ago by jimg
jimg
January 10, 2025 10:22 am
#44025
Project Agora:
More than 40 private sector financial firms, convened by the Institute of International Finance, will join the Bank for International Settlements and a group of leading central banks in Project Agorá to explore how tokenisation can enhance wholesale cross-border payments.
I am saddened by all the stories I am hearing from my friends who are impacted by the fires. My heart breaks for them. Just devastation. Friends have lost their primary residence and or their investment properties.
Now I am hearing about looters during this desperate time. I cannot understand how society tolerates this. LA DA is simply saying we will arrest you and it will be a felony. That is it? Wake up. Consequences must be high enough to prevent the crime in the 1st place. Not entice crime by some idiot doing an ROI analysis and saying duh ok let me go loot.
PS Check out this mansion that rents for $25k per month. Burned down.
The best example of ‘carpe diem’ I have ever witnessed.
A religious leader did something to Trump that no business person, politician, trial witness, or judge has ever done: Stuck a pin in his ego.
Please watch this video. It’s proof that there are ways to stand up to this president.
https://www.youtube.com/watch?v=5ESheItSWy4
Well done.
Moss Landing:
It’s the worlds largest battery storage facility & the 4th MAJOR fire in less than 4 years.
There was a mandatory evacuation of an area of 7600 acres surrounding the facility (about 12 square miles)
https://www.youtube.com/watch?v=_tyCV5RpLIY
https://www.nbcnews.com/news/us-news/hundreds-ordered-evacuate-fire-erupts-huge-california-battery-storage-rcna188101
Prior battery storage fires in California:
https://www.latimes.com/business/story/2023-10-12/battery-storage-is-a-key-piece-of-californias-clean-energy-transition-but-theres-a-problem-with-fires
Between May and July 2023, New York had had three large fires at the grid battery storage facilities built up to that time:
https://www.canarymedia.com/articles/batteries/new-york-is-reeling-from-its-hot-battery-summer
A large grid-scale battery storage facility is moving toward construction on the East bank of the East River right across from Midtown Manhattan
What would a 12 square mile evacuation look like?
https://edc.nyc/press-release/nycedc-supports-major-battery-energy-storage
Did I tell you I had a dream the other night?
Maybe I did. I’m too busy to recall what I did yesterday!
My dream was I was a submarine commander focused on the instruments when the deputy commander tapped me on the shoulder and recommended I surface to get some air.
Pat probably was telling me we needed to get out for a walk even though it was wet and cold outside because I had been working non-stop the past two weeks.
New US Rule Aims to Block China’s Access to AI Chips and Models by Restricting the World
The US government has announced a radical plan to control exports of cutting-edge AI technology to most nations.
https://www.wired.com/story/new-us-rule-aims-to-block-chinas-access-to-ai-chips-and-models-by-restricting-the-world/
Darius Dale, founder & CEO of 42 Macro:
Projecting a market drop very similar to the summer of 1998 when the market dropped 19.5 percent
“S&P 500 every single time we’ve had a significant draw down the S&P 500 since the start of the global financial crisis it’s come either in a global refinancing air pocket or a draw down in global liquidity or both”
Some comments about Treasury nominee Scott Bessent who was a client of his until recently.
Since Dale speaks at such a rapid pace, I went to settings and reduced the playback speed to .75. I also utilized the CC and the transcript.
https://www.youtube.com/watch?v=KoTgT5_3_Ng
Anecdotally a cause for concern:
Bari Weiss in conversation with Speaker Mike Johnson regarding President Biden:
https://www.youtube.com/watch?v=wVTb-9xnAN0&t=1764s
Two serious responses to Trump’s threats against Canada that Americans should consider.
I’ll say that I don’t think most Americans comprehend the economic and financial disaster that lies ahead for the country should Trump back his threats with action this week as he promises to do.
The former Prime Minister of Canada, Jean Chretien, speaks on his 91st birthday on National TV re Trump’s Economic War Against Canada
https://www.youtube.com/watch?v=cq5dB2CPOvs
Canada MP (Charlie Angus) Goes Scorched Earth on Trump (Jan 18)
https://www.youtube.com/watch?v=pB3h8JU2Fms,
I have never voted for the political parties behind Jean Chretien (Liberal) and Charlie Angus (New Democrat). However, I agree with them and can say that more than 95% of Canadians support almost every word they say in these videos.
Should Trump apply the tariffs against Canada, as he says he will, there will be immediate retaliation. This was already approved in a meeting this week by every important federal and provincial politician of all political stripes. Much of America will shut down immediately.
I laughed when Chretien said that for Trump to visit his residence and offices at Trump Tower, he will have to walk up the stairs by candlelight. If his MAGA cult followers find that ridiculous, then consider this.
The following US states rely on electric power imported from Canada:
Canada is a significant electricity supplier to these states, helping to balance the grid and provide reliable power. Yes, the lights will go out.
Charlie Angus does get into the nitty-gritty of a trade war, but he missed this point:
American production of automobiles and airplanes will soon stop because the supply chain will have broken. Before these products are produced, some parts require crossing the US-Canada border seven times, which will immediately stop.
When Trump rants, too few listeners understand the gravitas of his remarks. Should he try to put these words into action, Americans will wake up to a new reality.
I’m just an old gun now and I don’t expect to survive what’s coming. Not talking about electricity either.
@Scaramucci
Why now?
Claiming they were duped?
How Biden’s Inner Circle Protected a Faltering President
“Your biggest issue is the perception of age,” Mike Donilon, the president’s longtime strategist, told him in 2022, according to people who heard him.
NYT: No paywall
https://www-nytimes-com.translate.goog/2025/01/17/us/politics/biden-age.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US
HHS Suspends Funding and Proposes Formal Debarment of EcoHealth Alliance, Cites Evidence from COVID Select Report
https://oversight.house.gov/release/breaking-hhs-suspends-funding-and-proposes-formal-debarment-of-ecohealth-alliance-cites-evidence-from-covid-select-report/
It has reached the point of absurdity….how can they even prove it was “Chinese” hackers
Chinese Hackers Accessed Yellen’s Computer in US Treasury Breach
The Chinese operatives breached the top Treasury officials’ computers along with more than 400 laptop and desktop machines, accessing employee usernames and passwords as well as more than 3,000 files on unclassified personal devices, the report states. The intruders also accessed “law enforcement sensitive” data and material on investigations run by the Committee on Foreign Investment in the US, which reviews the national security implications of some foreign financing, according to the Treasury report.
Bloomberg:
https://archive.is/PF02b#selection-1721.0-1721.508
They were not aware or prepared?
In June 2015, the Office of Personnel Management (OPM) announced that hackers had stolen the personal information of millions of federal employees and contractors. This was one of the largest data breaches in U.S. history.
https://oversight.house.gov/report/opm-data-breach-government-jeopardized-national-security-generation/
We will all pay….
Insurers’ Rule Change Puts California Homeowners on the Hook for L.A. FireThe spiraling cost to rebuild could overwhelm the California Fair Plan, the decades-old, government-created insurance safety net
WSJ:
https://archive.is/pRq8l#selection-2333.0-2341.128
Jim Haslam: Covid Origins and Coronavirus Genetic Engineering
https://www.youtube.com/watch?v=5d-eqdRSx7Y
Ditto for what Bill said about this snake.
Mark Carney: The Ultimate Insider Masquerading as an Outsider
Alright, let’s get into it—no sugarcoating, no fluff. Mark Carney’s so-called “outsider” bid for Liberal leadership is an absolute joke. The man isn’t just tied to the establishment; he’s practically its mascot. Let’s not mince words here, folks—Mark Carney isn’t just an insider; he’s the ultimate insider. He’s been embedded in Justin Trudeau’s inner circle for the past year, working as the prime minister’s economic adviser and chairing some task force on so-called economic growth. This man is so entrenched in the Liberal Party’s machinery that he’s practically part of the furniture. Yet here he is, trying to sell himself as an “outsider,” the guy who’s going to swoop in and shake things up. It’s laughable.
But Carney’s little act doesn’t stop there. He went on The Daily Show—yes, The Daily Show, the safe space for liberal elites who want to avoid real scrutiny—and had the audacity to pitch himself as a champion for the average Canadian. This, from a guy who spent years rubbing elbows with global financiers and jetting off to Davos to discuss how to further enrich the world’s elites. He’s been pushing these destructive “Net-Zero” policies that are killing Canada’s energy sector while simultaneously investing in industries abroad that don’t even follow those same rules. Hypocrisy? Thy name is Mark Carney.
Think about this: Carney has been touted as Justin Trudeau’s go-to economic guru since 2024. That’s right—while Trudeau’s Liberals were tanking the economy, crushing the middle class with soaring costs and carbon taxes, Carney was right there in the room, helping to steer the ship straight into the iceberg. He’s not an outsider. He’s the architect of the very policies that have made life unaffordable for millions of Canadians. And now he wants you to believe he’s some kind of reformer? Please.
But it gets better—or worse, depending on how much stomach you have for hypocrisy. Carney’s campaign is being orchestrated by none other than Gerald Butts and Katie Telford, Trudeau’s top lieutenants. Yes, you heard me right. These aren’t just Trudeau’s closest allies; they’re the architects of the Trudeau era—every failed policy, every embarrassing scandal, every tax and restriction that’s crippled Canadian families and businesses. And now they’re propping up Mark Carney like he’s the second coming.
Let’s start with Gerald Butts. This is the guy who was Trudeau’s right-hand man, the brains behind the Liberal government’s disastrous energy and environmental policies. Remember the SNC-Lavalin scandal? That was Butts, front and center, accused of orchestrating the pressure campaign to shield a corrupt corporation from prosecution. He was forced to resign in disgrace, but like all good swamp creatures, he didn’t go far. Now, he’s back in the shadows, running Carney’s campaign, because of course he is. This is what these people do—they fail upwards.
Then there’s Katie Telford, Trudeau’s chief of staff and one of the most powerful unelected figures in Canadian politics. Telford’s name has been tied to some of the most damaging controversies of Trudeau’s tenure. From the WE Charity scandal to the mishandling of sexual misconduct allegations in the military, her fingerprints are all over this government’s failures. And now, she’s reportedly making calls to rally support for Carney, all while the Liberal spin machine denies her involvement. Right. Because nothing says “outsider” like having Trudeau’s closest ally work the phones on your behalf.
But let’s not stop there. These two aren’t just loyal to Trudeau—they’re loyal to an ideology, a worldview that prioritizes global elites over everyday Canadians. Gerald Butts? He’s a regular at the World Economic Forum, the globalist playground where unelected bureaucrats and billionaires dream up schemes like “Net-Zero” that gut Canada’s energy industry while letting countries like China pollute unchecked. Katie Telford? She’s the gatekeeper for Trudeau’s “post-national” agenda, the one that views Canada not as a proud, sovereign country but as a blank slate for woke experiments and international virtue signaling.
Let me spell it out for you: Mark Carney isn’t an outsider. He’s a Trojan horse for the same deep-state operators who’ve been running Canada into the ground for years. Butts and Telford are the Canadian equivalent of the deep state—unelected, unaccountable, and completely entrenched in the halls of power. Their job isn’t to serve Canadians; it’s to protect their own interests and the interests of the global elite. And now they want to hand the keys to Mark Carney, a man who spent years rubbing shoulders with those same elites while Canada’s middle class struggled under the weight of Liberal policies.
And here’s the kicker: they think you’re too stupid to notice. They think they can slap a fresh face on the same old agenda and you’ll fall for it. But the truth is obvious. Carney’s campaign is being orchestrated by Trudeau’s insiders because he’s not here to fix the system—he’s here to preserve it. He’s here to make sure the same people stay in charge, the same policies stay in place, and the same Canadians get left behind.
So when Carney calls himself an outsider, remember who’s standing behind him. Gerald Butts, the scandal-plagued strategist who’s never met a pipeline he didn’t want to kill. Katie Telford, the power broker who’s been the gatekeeper for Trudeau’s worst decisions. These aren’t outsiders—they’re the deep state. And they’re betting you won’t see through their little game. But here’s the thing: Canadians are smarter than that. They’re tired of being lied to. They’re tired of being used. And they’re ready to say enough is enough.
https://x.com/DanKnightMMA/status/1879278107330494760
Pete Hegseth is unquestionably the least qualified candidate for Secretary of Defense in the history of the United States.
Bar none.
If ratified, and if President Trump orders him to invade Canada, Greenland, or Panama, the only discussion will be “When?”
More people ought to be concerned about this. If some of Trump’s 3 am Twitter rants are not enough to frighten the world, think about this: The most powerful mafia leaders only had an army of a few thousand people, sufficient to back their threats. With Hegseth as Underboss, Trump will directly control 1.4 active military personnel.
The fact that the Senate possibly considers Hegseth capable of the job is downright scary. Corporate media should not cover this Hegseth hearing as they are. They should be broadcasting an emergency alert on the National Public Alerting System!
He’s a foot soldier, an O4, a Major. Not to demean anyone’s rank but this guy will have senior 4-star generals reporting to him. It’s like taking any random SGT and making the person Chief of Staff of the Army.
Just watched the Pete Hegseth confirmation hearing with the Senate. Very evasive and clings to his “smear campaign” defense. Chose to not give direct answers on some important questions. I don’t see how they can confirm this guy for SecDef.
Apparently Hegseth has the votes to be confirmed. The world finds this unbelievable but it’s a sign of the chaos to come. That Senators believe Hegseth is qualified to oversee the US military is proof they are not independent thinkers, but blind disciples of Donald Trump. That’s not democracy.
China starving commodity firms of capital
9 year backlog of military orders from the U.S. due to lack of production capacity
Leland Miller joins Michael Green and Harley Bassman to discuss what the China Beige Book reveals about the investment universe.
https://podcasts.apple.com/us/podcast/keeping-it-simple-ep-44-cosmic-latte/id1528197006?i=1000683826587
“I have met a lot of entrepreneurs in my life, I mean a lot. I have been to more factories than you can care to think about. And none of these people are concerned with financial markets. None.”
– Tony Deden
https://podcasts.apple.com/us/podcast/212-tony-deden-master-value-investor/id1301360737?i=1000683503357
Every capital raise CEO I have met in my investing career spanning 45 years has been concerned about financial markets. Every one. I’ll even bet I have had more face-to-face meetings with more CEOs than ‘master value investor’ Tony Deden.
As a chartered accounting student long before I joined the investment industry, the partner-in-charge called me to his office one day to advise me not to refer to our client in the working paper files as a junior industrial because that was “stock market talk.” LOL. I told him that the management and board of directors needed to get that message because they spent hours every day in the boardroom monitoring the trades in the stock market.
December MBS mortgage delinquencies continue their K shape
“Unemployment as the stated reason for delinquency is approaching double the pre-covid norms. This stands in contrast to the recent jobs numbers and steady growth in social security directed payroll tax receipts.”
“Whatever your macro take might be if it isnt accounting for the growing distress in FHA and to a lesser degree VA mortgages right now (but barely if really at all happening to GSE mortgages), then it probably ought to be.”
https://johncomiskey.substack.com/p/december-mbs-mortgage-delinquencies
CES: 6th Gen WAYMO DRIVER on Zeekr and Hyundai EVs
https://www.youtube.com/watch?v=Bg2NELoT8S0
U.S. government to Zuckerberg: ‘said anything that says vaccines have side effects, you need to take down.’
In Friday’s episode, Zuckerberg said a turning point for his approach to censorship under Biden came when the president publicly said social media memes combatting his pandemic narrative were ‘killing people.’
‘All these different agencies and branches of government just started investigating and coming after our company,’ he said.
‘It was brutal, brutal.’
https://www.dailymail.co.uk/news/article-14271935/mark-zuckerberg-joe-rogan-podcast-joe-biden-censor-memes-episode.html
What better way to fight disease…who will need big pharma?
Heritable polygenic editing: the next frontier in genomic medicine?
“For example, editing a relatively small number of genomic variants could make a substantial difference to an individual’s risk of developing coronary artery disease, Alzheimer’s disease, major depressive disorder, diabetes and schizophrenia. Similarly, large changes in risk factors, such as low-density lipoprotein cholesterol and blood pressure, could, in theory, be achieved by polygenic editing.”
https://pubmed.ncbi.nlm.nih.gov/39779842/
What will happen to the legacy automakers
BYD escalates Australia’s EV price war with $19,000 USD BYD Dolphin EV
https://www.youtube.com/watch?v=FjbnbRJTAYs
Banks face growing risk as double defaults on commercial loans mount
A bank practice known as ‘extend and pretend’ has delayed a write-off reckoning but may hide a growing systemic risk
https://archive.is/3QrWz#selection-1741.0-1745.116
An important read. Does this account for the bounce in today’s gold price?
For me Gold is a protective asset right now and an inflation hedge. As to the bounces, Bill is a much better guide. I’m terrible at trading 😿
Project Agora:
More than 40 private sector financial firms, convened by the Institute of International Finance, will join the Bank for International Settlements and a group of leading central banks in Project Agorá to explore how tokenisation can enhance wholesale cross-border payments.
https://www.bis.org/about/bisih/topics/fmis/agora.htm
I am saddened by all the stories I am hearing from my friends who are impacted by the fires. My heart breaks for them. Just devastation. Friends have lost their primary residence and or their investment properties.
Now I am hearing about looters during this desperate time. I cannot understand how society tolerates this. LA DA is simply saying we will arrest you and it will be a felony. That is it? Wake up. Consequences must be high enough to prevent the crime in the 1st place. Not entice crime by some idiot doing an ROI analysis and saying duh ok let me go loot.
PS Check out this mansion that rents for $25k per month. Burned down.
https://www.realtor.com/rentals/details/1366-Lachman-Ln_Pacific-Palisades_CA_90272_M29755-88984