Deficit tops TWO TRILLION in 12 months

The deficit is increasing – and at a blistering pace.

It grew by $2.1 TRILLION – yes, that’s trillion with a T, a capital T – over just the last year.

(Aren’t you glad they cut that budget deal?)

Obviously a default would have been a disaster… but how much longer can things go on like this?

The disturbing answer is that it can go on for a very long time.

The bottom line is that the American economy is still setting the pace for the rest of the world.

While some countries are trying to move away from the dollar, others are moving towards it.

For example, Argentina may be moving to adopt the dollar as an official currency – at least if one presidential candidate gets his away.

(Don’t miss Mr. X on the global inflation situation below).

And there is always the wildcard of global energy prices – something that will be massively affected by the fate of the ongoing Ukrainian counteroffensive.

(In this presentation, I lay out some of the critical factors that you should be looking out for).

There may be a “collapse” under way… but these things can take centuries.

It generally doesn’t happen all at once.

Like a spiral, each downturn can be preceded by an upswing or another false start.

And no matter what circumstances exist – the opportunities for individual profit, conquest, and victory are always, always, always there.

Victory to the strong.

Let’s hit this week hard.

Keep Moving,

WORD ON THE STREET

I-95 COLLAPSE, DISNEY’S JET TOUR, UNABOMBER DEAD

Multiple Lanes Destroyed On I-95 – A tanker truck fire underneath an overpass has destroyed multiple lanes on I-95 North. Some southbound lanes have also been damaged. Officials say the damage could take months to repair.
Ted Kaczynski Dead – The “Unabomber,” who murdered three people and injured 23 others in a bombing campaign, is dead at age 81. He reportedly killed himself and was suffering from late-stage cancer. He blackmailed The Washington Post and New York Times into publishing his manifesto in 1995, which led to his brother recognizing the prose style and contacting the FBI.

Ted Kaczynski’s Industrial Society and Its Future has (ironically) won a following on the Internet among extremists

Just $115,000 Per Person – I thought they had learned their lesson after closing the ridiculously expensive Star Wars hotel, but no dice. The “Disney Parks Around The World” tour is being relaunched and will take guests to six countries to Disney attractions on a private jet for a 24 day tour. The price is just $115K. Per person.
Bill Barr Calls Trump “Toast” – Former Trump Administration Attorney General Bill Barr said former president Donald Trump is “toast” after his recent arrest. “He was totally wrong that he had the right to have those documents,” he said. However, President Trump continues to build his lead over his challengers in the GOP primary.

HOT SPOTS: What’s Going on in Geopolitics

Ukraine Claims It Liberated Villages – Ukraine claims it has liberated three villages in its southeast as its counteroffensive gains steam. President Volodymyr Zelenskyy has confirmed that the attack has in fact begun. Moscow claims it is repelling attacks.
Protests In Iran Over Inflation – Despite government bans, protests are taking place in Iran against rising prices and inflation. Poverty is reportedly increasing as food prices have risen by 80% in one year.
BoJo Out In Britain – Former Prime Minister Boris Johnson has resigned from Parliament in protest of an investigation into his conduct during COVID-19. Stunned Conservatives are blasting the current Prime Minister, Rishi Sunak, for allegedly creating the crisis, which would hurt the Tories going into upcoming by-elections.

CUTTING EDGE: What‘s Happening In Tech

Activist Investor Forces Out Illumina CEO – Francis deSouza, former CEO and director, has been pushed out by activist investor Carl Icahn. It is the second casualty at the company, which forced out director John Thompson at Icahn’s behest in May.
Better.com Is Out Of Real Estate – The company has fired its staff in the real estate business, just a few months after asking them to take a pay cut to save their jobs. The report comes from TechCrunch, which allegedly received a report from multiple sources that the company is trying to change its entire model to ensure survival.
“Yes” – A highly memeable response. Jack Dorsey of Block Inc. said to a user on Twitter that ETH is a security – implying it is not a currency. That would imply the SEC has the advantage in its critical legal battles against some in the crypto sphere. It would also mean investors should focus on BTC – which has a commanding lead in crypto.

“The most dangerous times for investors are when the experts have formed a consensus that is about to have a head-on collision with reality.”

“We may be heading for such a situation this week.”

Hey, it could always be worse. In fact, in many areas of the world, it is worse. The Federal Reserve has a big decision to make on inflation this week, but the scary part is that America’s situation is quite good. The danger is that experts and the Fed may not be on the same page.

And if one or both sides screw it up, the rest of the world could pay an even higher price than Americans.

INFLATION IS A (LOSING) GLOBAL BATTLE

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Deficit tops TWO TRILLION in 12 months

WORD ON THE STREET

I-95 COLLAPSE, DISNEY’S JET TOUR, UNABOMBER DEAD

HOT SPOTS: What’s Going on in Geopolitics

Protests In Iran Over Inflation – Despite government bans, protests are taking place in Iran against rising prices and inflation. Poverty is reportedly increasing as food prices have risen by 80% in one year.

CUTTING EDGE: What‘s Happening In Tech

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