Wednesday, October 8, 2025

GOLD 4,000 - October 2025

  Since I left Japan in early September, gold has gone up more than 25% to above 4,000 dollars per once. What is this telling us? 

  The IMF is saying that there is no exit from the dollar in international transactions but could they be wrong? If their statistics only cover what they are aware of, they could be missing large and significant transactions contracted in other currencies or in non official channels. 

  Likewise, it has become noticeable that significant jumps in the price of gold are taking place during the night in London and New York. Is this only indicating increased demand in Asia or more ominously a shift of gold trading from West to East? 

  Finally, as tensions rise in Eastern Europe, the Middle East and South America, more specifically Ukraine, Iran and Venezuela, it makes sense that more investors and countries could be reappraising the share of gold in their portfolios. 

  A long, long time ago, during the Summer, Trump was aiming for a Peace Nobel Price. Arming Ukraine was a footnote since this was the responsibility of Europe which anyway was going to foot the bill. Are they also supposed to pay for American technical experts and satellites necessary for cruise missiles such as the Tomahawk? 

 Bombing Iran was presented as a punctual military intervention necessary to prevent a larger war with Israel. Great success we were told! But not so great that more bombing has now become necessary? 

  As for Venezuela, the justification simply eat the cake. Attacking a sovereign nation in order to disrupt drug smuggling?  Even for those who believe that drug smuggling from South America is indeed a problem, maybe a war with a country should be the very last option? 

  But let suppose that the US, Europe and Japan somehow can find a solution to their exploding deficits and sinking currencies and that somehow war on multiple fronts does not spill over into a third World War, what should other countries, BRICS, ASEAN, Mercosur and the likes think about these developments? 

  Isn't it obvious that while Trump is 100% focused on his domestic fight against the deep state, he has completely outsourced his foreign policy to the Neo-cons and their previous long term international meddling?  

  Add to this a complete disruption of international trade and the global supply chain with tariffs and the America first policy for which we haven't yet seen the consequences, and it is clear that the omen are rather bleak.   

  Will everything turn from bad to worse? Probably not but with so many black swans over the horizon, having fewer dollars and more gold may be a very wise decision indeed. Will dollar assets be confiscated as for Russia and other countries, debased with inflation or cancelled with re-denomination? Sooner that later something is bound to happen.  This is what stocks and gold at record levels are telling us. 

  The only thing we do not know yet is the deadline but the vertical rise we are seeing right now is telling us that it cannot be long before either valuations are proved absurd and the bubble bursts or the markets are proved right and the world explodes militarily and financially. Let's pray for the former and prepare for the later. We may not have very long to wait to know the answer. 

Monday, September 1, 2025

"Should Putin NUKE Ukraine?" by Martin Armstrong (Video - 1h15mn)

   A dose of Martin Armstrong on the Burning Platform below as a departure gift.

   The Burning Platform has good stuff and a lot of junk too. You have to chose carefully. Same for Martin Armstrong. Great ideas with depth and knowledge but some wild applications of his mostly free market ideology. ["Should Putin NUKE Ukraine?" - No, he should not and most certainly will not!] He still tend to be mostly right in the long term though. (The mitigating factor being "long term") This said, I agree 95% with him so worth listening to then? If you'd Like to give it a try, follow the link:

https://www.theburningplatform.com/2025/08/31/should-putin-nuke-ukraine/

 

 

The Harsh Truth About Life In Canada Today

   The decline is not just about Europe. Same policies, same results in Canada too so it is not about the people.

   And all this while the world moves on in Tianjin and Beijing. Is it even worth talking about it at this stage? 

   Unfortunately, unlike the InternationalMan, I am just rich enough to move around witnessing the damage but not to immigrate out of the sinking boats. And likewise too old anyway to do much about it. 

   From this week, I will be on the road and will therefore put this blog on hold for a while. 

   When I am back, we will see. The choice will be between vindictive and mostly useless "Told you so!" and exploring new ideas. I will probably go down this more exploratory road.  

Authored by Mikkel Thorup via InternationalMan.com,

Canada is often portrayed as a land of freedom, opportunity, and prosperity. Reality, however, tells a different story...

Statist policies, crushing taxes, bloated bureaucracy, and a society overtaken by woke ideology have shattered Canada. This is a cautionary tale for those looking at Canada as an ideal living space. If you are asking yourself what living in Canada is like, let me explain: Canada is not a land of fulfilled dreams but of enduring harsh conditions and barely getting by.

As if economic hardships aren’t enough, Canadians are also oppressed by the Orwellian newspeak that woke culture is creating. If you speak your mind, you’re labeled a fascist. If you question social policies, you’re accused of microaggressions.

There are no best places to live in Canada anymore. As a Canadian, I see little chance of Canada becoming livable again. Since I founded Expat Money in 2017, I have been helping expats build their Plan-Bs to protect their wealth and freedom and leave countries like this one.

Let’s look at the unfortunate condition that Canada has fallen into.

The Restrictions Imposed During Covid

The strict quarantine measures and harsh government interventions implemented in Canada during the COVID-19 hysteria were shameful. The government expanded police and administrative powers to smash public backlash against its COVID policies.

A significant protest movement called The Freedom Convoy began in early 2022. Truckers and citizens held large demonstrations in Ottawa against vaccination mandates, harsh pandemic restrictions, and the government’s authoritarian tendencies.

Former Prime Minister Trudeau used extraordinary powers to freeze the bank accounts of protesters and crack down on activists. Individual and property rights were arbitrarily violated.

The Canadian government imposed mandatory vaccinations on federal employees, healthcare workers, and those in the transportation sector, turning personal health decisions into state mandates. Those who were not vaccinated were suspended from their jobs, their travel rights were restricted, and they were ostracized from society. Even the private sector was coerced to impose vaccinations under government pressure.

Moreover, harsh lockdowns and restricted entry into the country forced businesses into bankruptcy. Massive numbers of people lost their jobs, and the government’s financial structure was severely damaged.

Woke Culture And The End Of Free Speech

The problems aren’t limited to elections. In recent years, woke ideology has overtaken Canada’s politics, education system, and workplace. This “progressive” ideology has replaced individual freedoms and meritocracy with the so-called principle of inclusivity and equity. As a result, freedom of speech has been destroyed, social engineering has increased, and social polarization has deepened.

In Canada, laws enacted under the guise of “combatting hate speech” have imposed mandatory language use by the government, determining how individuals should speak.

Now, we have another Bill C-11 to update the Broadcasting Act. The government’s media watchdog, the CRTC, will now be able to monitor online platforms such as YouTube, TikTok, and Spotify. Bill C-11 is a censorship tool to kill free speech in Canada. The government may have sugar-coated the law by saying, “We support Canadian content,” but at its core, it’s an attempt to take control of the internet. The government deciding what content is “sufficiently Canadian” will soon become a matter of deciding what content is appropriate, approved, and safe.

What about Bill C-18? This is another example of an intervention that legislates internet censorship under the pretext of “protecting the independent press.” Bill C-18 requires internet platforms (especially companies like Google and Meta) to pay media outlets for news content. The government is turning content sharing into an economic penalty to extract money from big tech companies.

Because of this law, platforms like Google and Meta have decided to remove news content completely. In other words, the government’s move to “access information” has actually restricted access to information.

Similarly, due to cancel culture, academics, business people, and members of the media are censored, fired, and subject to social lynching when they voice different views. Diversity, equity, and inclusion (DEI) policies, especially in business and academic institutions, cause decisions to be made based on identity rather than merit. Canadian universities have been degraded from institutions that encourage intellectual freedom into ideological centres where a singular type of thinking is imposed. Companies must prioritize political correctness over efficiency and productivity in business life. Canada has shifted from a society based on individual freedom and voluntary cooperation to a system governed by the ideological impositions of the government.

Assisted Suicide And Moral Decline

Indicators of Canada’s political and economic collapse can also be traced to the individual level. The rapid increase in Medical Assistance in Dying (MAiD) applications in Canada has led to deep debate on personal freedoms, ethical values, ​​and the role of the state in the country.

Canada has the fastest-growing assisted suicide program in the world. When MAiD was legalized in 2016, it only included individuals with terminal illnesses. However, over time, the criteria were relaxed and expanded to include psychological disorders or illnesses that do not have a natural death period. In 2021, approximately 10,000 people ended their lives under MAiD. This number constitutes 3.3% of all deaths. Even people who were experiencing financial difficulties or housing problems resorted to euthanasia, causing heated arguments in the public domain.

In the face of all the challenges, assuming Canada has a functioning social welfare state would be unwise. Canada’s health system is seriously unreliable because of long waiting times, overburdened hospitals, and staff shortages.

Before moving to Canada, be mindful that you can wait months to years for doctor’s appointments and surgeries. The shortage of doctors and nurses severely disrupts health services. Excessive bureaucracy and limited private health services make the health system even more inefficient.

Federal Government Overreach

The federal government’s drama is not Canada’s only political issue. The political conflict between the federal and provincial governments is becoming a serious problem.

There are several main disagreements between the federal and provincial governments:

  • First, the federal government’s carbon tax has drawn fierce criticism from energy-independent provinces such as Alberta, Saskatchewan, and Ontario.

  • Second, the federal government demands that the provinces spend more on healthcare financing, while the provinces say they are underfunded and subject to excessive federal intervention.

  • Third, immigration has exacerbated the housing crisis and the burden on public services in large provinces such as Ontario, Quebec, and British Columbia. The provinces demand more funding, saying they shoulder much of the cost burden, but funding is unavailable.

  • Fourth, the federal government’s policies restricting fossil fuel use continue to economically harm provinces such as Alberta and Saskatchewan, which depend on oil and gas.

It’s no surprise that many people in Alberta and the Prairie provinces responded positively to Trump’s annexation proposal. It reflects a deep and long-standing frustration with federal control over energy policy. At the same time, a grassroots “Make Alberta Great Again” movement is gaining real traction. Pro-separation initiatives are picking up momentum, with growing calls for a referendum on Alberta’s independence.

Even Bill 54, passed in May 2025, lowered the threshold required to trigger a referendum on the province’s sovereignty. Now it’s easier for separatist groups to push for a vote.

I was in Alberta last year and met with several people involved in the movement in person. We spoke at length about the political landscape, their frustrations, and their hopes for Alberta’s future. Many of them told me that, while they believe strongly in the cause, they also know how easily their involvement could make them political targets. That’s why they’re working on their Plan-B strategies to protect themselves and their families if things take a turn for the worse.

Over-Regulation And High Taxes

Strict government regulations and high tax rates in Canada negatively impact economic growth and entrepreneurship by increasing the financial burden on individuals and businesses.

Let me give you an example. Ontario’s total income tax payment can be as high as 53.5%. These high tax rates reduce the disposable income of individuals and businesses and restrict economic mobility. Under the guise of “Tax the rich” and “Pay your fair share,” the Canadian government began taxing capital gains over $250,000 CAD at up to 66.6% starting in 2024. Being an entrepreneur or creating economic productivity in Canada is one of the government’s favourite activities to punish.

High Cost Of Living

Rising real estate prices, the cost of essential consumer goods, and transportation have greatly increased the economic burden on individuals. Real estate prices have reached astronomical levels in cities like Vancouver and Toronto. This fact makes home ownership nearly impossible for the middle class. The lack of affordable housing options is threatening life in Canada.

With average home prices pushing $730,000 CAD ($536,000 USD), double-digit inflation on food and energy, and yet another round of carbon taxes, everyday life in Canada has become flat-out unaffordable. More and more people are waking up to the reality that they can live better, in places like Latin America, for a fraction of the cost and without being punished for simply trying to get ahead.

Most people seeking to migrate to Canada think about living in Toronto. The average rent for a one-bedroom apartment in Toronto is around $ 2,500 CAD ($1,700 USD). If your job is in Vancouver, the average rent for a one-bedroom apartment is around $2,700 CAD ($1,900 USD).

Living expenses in Toronto and Vancouver are sky-high, and if you’re hoping Montreal offers a more affordable alternative, you’ll be disappointed—it’s just as costly. Factor in additional expenses for your family, and Canada quickly becomes an impractical place to invest in or build your future. It is difficult to see the benefits of living there.

The rapid growth of Canada’s immigrant population has also become another socio-economic issue. Canada does not have a dynamic market economy that can absorb all immigrants without lowering the standard of living of other citizens. Therefore, economic difficulties have not only caused immigrants to become targets but also a threat to social peace.

Elections In Canada

Do you recall the political debate that flared up after Trudeau’s resignation, revealing Canada’s polarized politics? Canadian politics was left in confusion about which way to turn after U.S. President Donald Trump hinted at annexing Canada as the 51st state.

What an absolutely painful circus to watch unfold. After being thoroughly humiliated by Trump and losing whatever political capital he had left, Trudeau stepped down, hoping to give the Liberals one last shot at survival in the next election.

The Liberals wasted no time in installing Mark Carney, a globalist even more elitist than Trudeau, as Prime Minister. As a career technocrat, Carney’s credentials read like a who’s who of globalist power centres—Goldman Sachs, the Bank of Canada, the Bank of England, and the World Economic Forum.

When I saw that the so-called conservative Pierre Poilievre was positioned to run against Carney in the snap elections on April 28, 2025, it became obvious that the entire contest was pure theatre. Poilievre played his part well, talking tough, staying on script, and never crossing the lines he wasn’t supposed to. In an election where the outcome was never in doubt, Carney picked up where Trudeau left off.

What’s truly hilarious is that Canadians rallied behind Carney, thinking he was the tough guy who could stand up to Trump, as if a globalist banker could salvage national pride. They saw him as the unifier for the challenges ahead, not realizing he was just the next polished face of the same worn-out agenda. They did not hesitate to choose a copy of the same man as their hope, as if they had forgotten why they had withdrawn their support for Trudeau.

Watching these painful realities from a distance, I feel compelled to speak the truth. Liberals and conservatives are inflicting irreparable wounds on social cohesion without knowing that the system itself is rigged. Political scandals, unfulfilled campaign promises, and a lack of transparency continue to fuel growing skepticism toward Canadian leaders. My only hope is that more people begin to realize there are far better places to live and truly thrive outside of Canada.

Canada is no longer worth the debate. Broken systems, high taxes, lost freedoms, there’s nothing left to fix. The smart ones aren’t waiting. They’re departing.

Conclusion

It’s time to stop calculating the pros and cons of living in Canada. There are no advantages at all. Canada is a country stuck under high taxes, failing public services, ideological impositions, and an increasingly authoritarian government. Buying a house has become a dream, healthcare a lottery, and freedom of expression a luxury.

Even worse, despite all these problems, there is no will to fix Canada’s future. Canada has become divided by ideological wars between ever-growing state control and failed economic policies. Simply put, the best place to live in Canada doesn’t exist.

The answer for those looking to secure their future is to look beyond Canada. If you don’t want to be penalized for your success, crushed by high taxes, and deprived of your fundamental rights, now is the time to explore alternative countries that genuinely value freedom and opportunity.

Sunday, August 31, 2025

Ukraine Will Be FORCED To Surrender - James Jatras interview by Kim Iversen

  An interesting take of the war in Ukraine. What is the Russian strategy? What about the US strategy? Are they compatible with a settlement? And if not, what exit can be found? Ukraine will break sooner or later. This was obvious from the beginning but by now it should be obvious even to the hard core supporters of NATO. So will NATO disband? Unthinkable? I think we're going to see quite a few unthinkable events in the coming years. Follow the link below to the YouTube interview. 

https://www.youtube.com/watch?v=EPiU9_LE51c

Every Industry Is An Airport Lounge Now

   A fun article to read until you experience it yourself and it becomes all so real:  "The decay of western society.” as Jim Carrey would put it encapsulate the essence of what's going on. Life in Pompeii was actually quite nice before the eruption. Enjoy the good times while it last.   

by QTR's Fringe Finance

I’m sure some of you saw that recent op-ed about airport lounges.

It was written by David Mack for The New York Times. He laments the decline of airport lounges, recalling a grim experience at Orlando’s Club MCO: long waits, sad buffets, and weak drinks that hardly justify the hype.

Lounges used to feel special, a perk reserved for business travelers. Now they’re overcrowded, uninspired, yet somehow more coveted than ever—thanks to social media flexes and pricey credit card perks. Access has become so common that no one feels special anymore, even as airlines and banks keep building ever-fancier spaces while quietly raising fees to thin the crowds.

Far be it from me to agree with anything in The New York Times, but honestly? That piece nailed it. Airport lounges are a disaster. But here’s the thing: it’s not just lounges. It’s not just airlines. It’s not even just travel. It’s every. single. industry.

I’m not being hyperbolic. Everywhere you go, everything you do, every service you pay for—it feels like customer service simply no longer exists. And even worse, most places you go actually make you feel like an asshole for daring to be a customer in the first place. I catch myself constantly asking, “Why am I putting up with this shit?” right before looking down at the Cheez-Doodles or baseball cap I’ve somehow convinced myself I can’t live without.

Because here’s the ugly truth: service is dead. The only thing still alive is the endless, humiliating upsell and self-service. The drugstore, the bank, the dentist—it doesn’t matter. On a given day I interact with supposedly “best-in-class” businesses, and nearly every time I walk away feeling bent over a barrel. And this is when I’m choosing the premium option. The premium experience is still garbage.

Which is why, when I think about the future, I don’t see the next big opportunity as another buzzy app or sleek new product. It’s customer service. Full stop. Any company, in any industry, that actually treats its customers like human beings will have me throwing money at their doorstep. Charge me a premium, I don’t care. Just don’t interrogate me for my phone number every time I buy a bar of soap. Don’t act like handing you a credit card is some bizarre ritual you’ve never seen before. Pretend, at the very least, that you want my business.

Take something as simple as buying a pair of running shoes in Philadelphia. First, I can’t make it two blocks to the store without being ambushed by clipboard warriors trying to rope me into saving the whales, curing baldness, or whatever today’s cause-of-the-day is. Like Jim Carrey in Liar Liar said: “I just want to get from my car to the office without being confronted by the decay of western society.”

“Can I ask you a question?” they always begin, standing directly in my path. No, you f*cking can’t. Now get out of my way before I plow through you like Frank Gore running over a junior high linebacker.

When I finally reach the store, it takes 15 minutes to find an employee. When I do, I tell them what I want, and their response? “Why don’t you just buy it online? We’ve got more colors there.” I don’t know, maybe because I want to go for a run in an hour and would like shoes on my feet instead of in an Amazon box next Tuesday?

The associate eventually trudges into the back, gets me the shoes, and I head to checkout. I hand the cashier my credit card. She looks at me like I’ve just asked her to barter goats for spices.

“Can I have your name?” she asks. “No,” I reply. “You can have my money.”

Then comes the phone number. Then the email. Then a stool sample and the name of my favorite childhood pet. I decline. Finally, after this interrogation,“That’s 25 cents,” she says. Excuse me? I just bought two shoeboxes the size of microwaves. What did you think I was going to do—balance them on my head down Walnut Street like I’m in a National Geographic special? Why can’t stores just build the damn bag into the price instead of insulting me at checkout? I’m not asking to be hand-fed grapes like Julius Caesar. I’m asking for a bag. Basic service. The stuff that used to be, you know, normal.

And God forbid I need to call anyone about anything. Changing an airline ticket? Calling my credit card company? Forget it. Every road leads to an automated voice system with the warmth of a Soviet switchboard. Look, I get it. It’s 2025. Most stuff can be handled online, and that’s great—I don’t want to talk to anyone if I don’t have to. But when I do need a human being—because no, chatbot Karen, you cannot solve this problem with a “help article”—there should be a way to reach one without descending into phone tree purgatory.

Then there’s the pièce de résistance: self-checkout. Bill Burr has a bit about stealing from self-checkout as payback for being conscripted into a job you never applied for. And honestly, he’s right. You’re not a customer anymore—you’re an unpaid employee scanning your own groceries while the one overworked human employee hovers like a prison guard, ready to pounce if you don’t place the cantaloupe in the “bagging area” fast enough. You’re damn right I’m stealing a bag. And I dare your lazy ass to chase me down Market Street to stop me.

So yes, customer service isn’t dying—it’s dead. Buried. Cremated. Scattered to the wind. What’s left is a charade where companies pretend to offer “premium experiences” while nickel-and-diming you, automating you into oblivion, and treating your desire for basic service like an outrageous demand.

The opportunity is there for any business bold enough to zig while everyone else zags. Charge me more, fine. But make me feel like a customer, not a nuisance. Make me feel like I’m buying something, not auditioning for an FBI background check. Because until that happens? We’re all just paying top dollar to be reminded—daily—of how little most corporations actually think of their customers.

What AI companies don't want you to know (Video - 18mn)

  The video is a hodge-podge of ideas but the key issue is that we do not know where we are going with AI because it is an emergent phenomen...