from Kerry Lutz's Financial Survival Network
John Rubino returns… The markets are stabilizing. Is this the eye of the storm? Are SPACs and NFTs completely over? What about stablecoins? Inflation seems to be accelerating: Gas prices hit record. Baby formula is in shortage. Bird flu spikes egg prices. Diesel shortage spreading. Hilarious Fed news: Bernanke criticizes current FMOC officials for being too dovish. Europeans fold, agree to start paying for gas in rubles. Is this the first step on the way to commodity-backed currencies? Or is it one more sign that the dollar is losing its central place in the global monetary system? European Natural Gas Prices To Triple In “Perfect Storm.” Musk puts Twitter purchase on hold because so many accounts are turning out be bots.
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The decline phase of S-Curves can be gradual or a cliff-dive. 
Open any news source, and violence is almost always front and center. It’s not just because editors sadly and rightly believe the concept of “if it bleeds it leads” will attract more eyeballs, it’s because violence is and always has been prevalent in human society. And it’s getting worse.
In the latest Reason Roundtable, editors Matt Welch, Peter Suderman, Katherine Mangu-Ward, and Nick Gillespie debunk the “great replacement theory” and highlight some particularly awful responses to recent economic woes.
Crypto was in full-blown crash mode last week, wiping out more than $300 billion in market value. TerraUSD, a so-called stablecoin that is supposed to trade at a “stable” $1 value, crashed to a few cents on the dollar. Its sister cryptocurrency, Luna, likewise imploded.
Gold’s traditionally positive performance in an inflationary and rising rates environment is hindered by the strength of the U.S. dollar.
Commercial Real Estate hit by construction boom, oil bust, pandemic, working from home, now hiring freezes and layoffs. Older office towers dish out huge losses.
Most Americans didn’t understand that the exceedingly foolish decisions of our leaders would eventually have a major impact on how they live their lives every single day. But there are some of us that did. Many of us literally begged our politicians to stop borrowing and spending trillions upon trillions of dollars that we did not have. But they refused to listen. And many of us literally begged the officials at the Federal Reserve to stop pumping trillions upon trillions of fresh dollars into the financial system. Of course they wouldn’t listen to us either. Now our standard of living is steadily being eviscerated, and most of the population seems quite surprised that this is happening.
Frank Giustra is a successful company financier with a track record of building natural resource companies. Mr. Giustra has had an active role in the launch and growth of several major natural resource companies, many with operations in Latin America. Mr. Giustra is CEO of Fiore Financial, a private firm managing a broad portfolio of equity investments. He was a founder and director of Wheaton River, which became Goldcorp, as well as a director of Endeavour Mining from 2013 to 2016, Chairman of Endeavour Financial from 2001 to 2007, Chairman of Leagold Mining from 2016 to 2020, and former CEO of Yorkton Securities.
Four Key Economic Reports This Week
Inflation, over the past year, has gone from conspiracy theory to transient, to no big deal, to ignored, and now finally reluctantly acknowledged by the ruling class. Yet to consumers paying more for groceries, restaurant meals, airline tickets, and gasoline, it is painfully real.
We’ve had four months to observe and analyze the bear market that began a single tick off January 4’s record high. What might be said about it so far? Mainly that it has been far kinder and gentler than we should expect. Realize that the biggest financial bubble in U.S. history has popped. Although this is becoming increasingly obvious, you can be certain investors are waiting to jump back in at the subtlest sign of a bottom. Their brokers and financial advisors will be the first to spot this bottom, along with a dozen more as the broad averages work their way toward the deepest bottom imaginable
“Bad Moon Rising” is a song written by John Fogerty and performed by Creedence Clearwater Revival in 1969. Fogerty reportedly wrote it after watching The Devil and Daniel Webster and has claimed that the song is about “the apocalypse that was going to be visited upon us”.
Duff Cooper, Viscount Norwich, was the only British minister who resigned over the Munich Agreement of 1938. His autobiography was titled Old Men Forget.
It’s caution time for the bears as the public is now betting heavily on a stock market crash which in the past has led to many big rallies.