The Necessity of Bitcoin as Reserve Asset

Yes, I said necessity.  In a recent issue of the Gold Goats ‘n Guns Newsletter I described Bitcoin as “The Mutation That Saved Money.”  In that piece I argued that Bitcoin was born out of the extreme fraud of the financial system under Greenspan and Bernanke. Leverage ratcheted up post-Y2K to levels which could only … Continue reading The Necessity of Bitcoin as Reserve Asset

Gold Goats ‘n Guns Live – Italy’s Coalition Ups Pressure on EU, Halper Outed, Trade Competitiveness

The big story of the day was Mike Pompeo's insane speech on our new Iran policy.  This is not something that is at all sustainable.  And it will backfire on us in the long run.  The geopolitical upside for those affected by this policy is, at best, limited and at worst a profound negative. So, … Continue reading Gold Goats ‘n Guns Live – Italy’s Coalition Ups Pressure on EU, Halper Outed, Trade Competitiveness

Private Blog – Q&A: Playing the Dollar Rally

I answer some subscriber questions this morning about the emerging rally in the U.S. dollar and how to play certain aspects of it in my latest Private Blog.  You can sign up for the Private Blog by pledging at least $4/month at my Patreon.  You can also up that pledge to $12 to add the … Continue reading Private Blog – Q&A: Playing the Dollar Rally

Gold Goats ‘n Guns Live – The Dollar Melt-Up and Catatrophic Rate Rise Begins

With the bearish closes in the 10-Year U.S. Treasury market this week we are now facing the next leg of dollar illiquidity spilling over into larger markets.  Emerging markets such as Turkey, Malaysia and Brazil are taking it on the chin. But, now Mexico is staring at an ugly currency meltdown as the Peso flirts … Continue reading Gold Goats ‘n Guns Live – The Dollar Melt-Up and Catatrophic Rate Rise Begins

More Crypto-Idiocracy: Conflating the Extreme as the Norm

People hate change.  They also allow themselves to be swayed by the first or second thing they hear about something new that confirms their bias for or against it.  Once that happens, they simply run with that as a justification for why they don't like something and never move off that position. In libertarian circles … Continue reading More Crypto-Idiocracy: Conflating the Extreme as the Norm

Gold Goats ‘n Guns Live – Italy’s New Coalition and Merkel’s Way out of the Middle

Riffing off of my blog post from earlier today, I go over why Italy's new coalition agreement gives German Chancellor Angela Merkel the opportunity to break with the U.S. on Foreign Policy while saving face with her ever--growing domestic opposition. Also, why the Trump administration is moving down a very dangerous path with its over-the-top … Continue reading Gold Goats ‘n Guns Live – Italy’s New Coalition and Merkel’s Way out of the Middle

Italy is Forming the Epicenter of the EU’s Fateful Shift

Clarity is here in Italian coalition talks.  And the markets hate what they see.  So does Brussels. Five-year Italian debt blew out over 1%, CDS spreads have moved over 20 basis points in a week. The markets are trying to scare these outsiders now in charge in Italy to soften their stances on reform and … Continue reading Italy is Forming the Epicenter of the EU’s Fateful Shift