Reports

Fremdschämen. Fremdschämen is a noun of the German language. It translates this way: Embarrassment for those incapable of feeling embarrassment. Today we suffer embarrassment for Mr. Jerome Powell and his fellows of the Federal Reserve… For no action they take lowers their heads in shame… or blushes their cheeks with ...

How crazy have markets become lately? One new investor has said, “Stocks only go up,” while unemployed people are using their stimulus check to trade stocks: “It was basically free money,” said one of them… “It’s like a gambling game.” If you want to talk about craziness, just look at ...

The war on savers rages into its second decade. And yesterday Field Marshal Powell vowed indefinite bombing, shelling, machine-gunning and bayoneting… until the white flag rises over enemy lines. It is war to the knife… and from the knife to the hilt. The only peace terms he will accept are ...

The oppressed rise to their feet. Police sink to their knees. Silence is violence. And violence is speech. From sea to glittering sea, from one continent to the next… protests yet rage. An injustice somewhere on a Minneapolis street evidently threatens justice everywhere. It certainly threatens the peace everywhere. Here ...

A curious fact of American law has revealed itself: Authorities will order the arrest of this hellcat for lounging on a beach… or that hellcat for invading a public park… or a batch of other hellcats for congregating in a church of God. A pandemic — after all — is ...

What are we to make of it? Is it real… phantom… somewhere in the murky middle? The United States Department of Labor issued its May unemployment report this morning. A Dow Jones survey of economists had projected 8.33 million job losses — and a ghastly 19.5% unemployment rate — a ...

American cities are burning, there’s a lethal pandemic and we’re in a new Great Depression. Other than that, everything’s fine. People often ask me when things will “get back to normal.” Well, the answer could be never (or at least not for a long time). Germany was not “normal” from ...

Why gold? That’s a question I’m asked frequently. It’s usually followed by a comment along the lines of, “I don’t get it. It’s just a shiny rock. People dig it out of the ground and then put it back in the ground. What’s the point?” I usually begin my reply ...

America may be down with disease and disorder. But the stock market is up on faith and the Federal Reserve. Thus America gets pulled this way… while the stock market gets pushed that way. As a certain Marshall Gittler styles it, he who directs inves‌tment research at BDSwiss: The disconnect ...

Today we hoist the black flag of anarchy… and plot illicit acts. For the spirit of sedition steals over us. And passion overmasters our typical Olympian serenity. We may be declared infamous and set down as an insurrectionist. We may be sent to the gallows. Yet the time for meek ...