“Failing to learn from our prior experiences, we seem doomed to repeat them. We only have ourselves to blame…”

“…a large portion of the story that we usually hear about how the world economy operates and the role energy plays is not really correct… in fact the world’s economic condition is more fragile…

Asian stocks slumped for the 10th consecutive day, the longest losing streak since 2002, although European and US stocks have so far reversed Asian losses, as the world’s biggest decoupling between the US and everyone else continues.

“The point is, when everyone goes broke and the economy slows to a standstill, the people and the politicians will squawk and shriek in unison.  They will demand for the government to ‘do something’, up until the moment the fake money system finally dies… After that, things will become especially unpleasant…”

After tumbling last night as headlines hit that the SEC rejected another nine Bitcoin ETF applications, cryptocurrencies have stabilized (for now). Additionally, a broad crackdown on crypto in China has not triggered wholesale selling.