Gavin Goodwin

@TheChiefNerd @ThomasEWoods Unfortunate truth. We haven’t even yet felt most of the consequences of this war but, that train has left the station and will arrive with its pain payload.

🚨 DAVE SMITH: “Donald Trump for the first time ever wins the popular vote, wins every single swing state, and … won the youth and the culture … That whole coalition has been destroyed over this war. And now he's going to hand the country right back over to these Democrats…”

@ttmygh Thanks for sharing. Insightful read and solid follow!

My recommendation would be to read this (and anything else Louis writes)…

@jbleck @badcharts1 That’s my best guess as to where we are soon headed!

@badcharts1 Crash the market to save bonds.

WOW. Would you look at that... 30 year yields are close to breaking out. Enjoy!

He also doesn’t understand that evil Will never overcome good! Christ is the source of all good and will not be overcome and doesn’t need Netanyahu’s, not mine, or anyone else’s efforts to do so! No good is fully good outside of Christ. Genghis Khan is dead and facing the eternal judgement of Christ, his eternal King.

Genghis Khan was just a man. Jesus Christ is the Son of God.

Not that you’d respect my view, but I’ll comment on this. I think hibernating is likely mean range bound volitility, not simply flat. There could be big moves in that process, just a lower likelyhood of new highs, and some moderate likelihood of revisiting some much lower prices, before some consolidation ques up and indicates more confidence in a sustained move into into new highs and much higher highs. I think demand for dollars, at higher (especially if sustained) energy prices, is currently a real headwind for PM prices. What I am trying to understand is how the relationship between PM’s and equities plays out. Are we thinking both crash? With PM’s crashing harder? Are we thinking PM’s more flat with equities rebounding and revisiting highs or moving into new highs again. Thats what I am grappling with. I don’t like the economic outlook from here so leaning towards the downside thesis.

@badcharts1 Patrick ,what does that mean in layman's terms... hibernate, when you're talking about silver? Do you mean it stays the same for a long period ,as it's just bounced from 66 to 72 which is a heck of a jump back.

This chart is possibly a good clue that silver will hibernate for some time.

When Ron Paul said on a presidential debate stage in 2011 that our national debt is the greatest threat to our national security, it was widely disregarded. But Ron Paul understood the economics at play. Fast forward 15 years, and we have seen the national debt increase by 150% and rapidly growing. We are going understand the national security risks of unlimited debt expansion and currency debasement sooner than later.

When Ron Paul said on a presidential debate stage in 2011 that our national debt is the greatest threat to our national security, it was widely disregarded. But Ron Paul understood the economics at play. Fast forward 15 years, and we have seen the national debt increase by 150% and rapidly growing. We are going understand the national security risks of unlimited debt expansion and currency debasement sooner than later.

The US national debt just hit $39 trillion Trump has presided over 27% of that The last 4 presidents alone are responsible for $33 trillion - which is 85% of the debt But the percentage winners are still FDR and Woodrow Wilson - nobody is coming close to their numbers (hopefully)

@MMAJunkie I’m watching that.

Nate Diaz and Mike Perry are back in MMA – AGAINST EACH OTHER! They'll meet in a five-round welterweight bout on the #RouseyCarano card! 👀

@RandyGoat Fast Eddy started speaking publicly.

Why did Massie's chance of winning his primary go up over 15% overnight?

It requires the acknowledgment that we aren’t done with inflation. That’s a tough thing for most average people to willingly accept. They are used to inflation being confined to financial assets and real estate, and would just as soon pretend 2021/2022 never happened. Next to nobody understands that oil hasn’t yet properly reflected past inflation, let alone the inflation that will come by way of coming economic turmoil, responsive stimulus in various forms, and—not to mention—war. Really, what doesn’t yet exist in the mind of the silent majority is that a core feature of our monetary system requires ongoing reduction in purchasing power. Additionally, due to the Cantillon effect, that already-eroding currency is widely misallocated away from productive ends toward the misallocations and malinvestments associated with those most connected to the source of the inflationary expansion. All that to say, commodities are often the last to be affected by inflation, but they are also the most inflation-resistant assets. Thus, as bubbles peak, malinvestments begin to show cracks, and with the realization that these commodities have been undercapitalized (and are therefore undersupplied), a rush of (inflated) capital flows into these assets—first making up for past inflation, then catching a tailwind from current inflationary activity—sending prices higher than most realize is possible. Oil won’t be an exception. And we are still early in the process for the whole commodities sector.

There's a strange reluctance by so many investors to acknowledge the near inevitability of $200, $300 even $400+ oil in the next 5-10 years. Odd.

That very well may be true. That doesn’t mean, however, that it is invincible or that it can achieve any conceivable aim of those who wield it. Wisdom, Strategy, stewardship, and constraint are the foundations that will successfullly leverage a great military. There is great cost, both monetarily and culturally, to building a great military, and much like trust, it can be lost quite quickly in frivolous use.

THERE IS NO BETTER MILITARY THAN THE UNITED STATES OF AMERICA. 🦅

Protectionism has real world consequences. Chasing economicly declining industries with government subsidies erodes potential productivity from other valuable and growing industries. Just because other nations are to economically illiterate to understand the economic damage, doesn’t mean we have to engage in it alongside them. Let other nations subsidize industries to thier hearts desire, we can simply benefit but not damaging ourselves in the same way and allowing the free market to allocate capital to productive ends! Every dollar spent in the free market is inherently more productive than the same dollar spent by government.

@glgoodwin22 @PeterSchiff free markets only work when both sides play by the same rules. China, South Korea and Japan subsidize their shipbuilders with government money. so it's not free markets vs protectionism, it's American workers competing against foreign government checkbooks. not the same thing

To lower gas prices, Trump will issue 30-day waivers for the Jones Act, allowing foreign tankers to supply refiners on the East Coast with fuel from the Gulf Coast & other U.S. locations. Since this is an admission that the Jones Act raises gas prices, why not repeal it entirely?

Free Markets benefit American workers! Free markets allocate resources, capital, and labor to its most productivity end. Improving wealth for the American worker requires free markets while protectionism always subsidizes fading industries at the expense of the American worker and their future wealth. In the near future ships will drive themselves, and be loaded with freight auntonomously. A policy of protectionism will ensure some shipping and freight jobs are protected, rather than allowing resource to be allocated to new productive industries. Protectionist arguments have routinely been used since the start of the technological age. Arguing that tractors would take farm jobs, cars would take the jobs of blacksmiths and farriers. Airplanes would kill rail travel. Computers, internet, AI. There is always the next boogie man that needs protected against through lobbying the government for protection. Protectionism fails! subsidizing failed, dying, or stagnating industries while robbing resource that could be allocated to more productive and wealth creating endeavors.

@PeterSchiff the Jones Act protects American maritime jobs. repeal it and foreign carriers take over overnight. Peter Schiff wants free markets, not American workers 🙄

In freight, the cartelization of the industry is heavily lobbied for. Allowing for free market processes to work in the industry will be lobbied against with the vigor of preventing Armageddon. The Armageddon they fear is lower rates due to competition. You all down in Puerto Rico will really stand to benefit from this pause!

@feeonline Bastiat is a major influence in my worldview. Reading his works, as a young man, instilled a deep belief in me that most government is bad Government and the legitimate purposes of government are quite limited. He made the case simply and profoundly.

"Two hundred and fifty years ago this month, the Scottish philosopher and economist Adam Smith’s monumental work, An Inquiry Into the Nature and Causes of the Wealth of Nations, was published. Its lasting impact means that it belongs on any list of the 100 most influential books ever written. Great teachers produce great students. Smith produced too many to count, but one in particular stands out as extraordinary for his eloquence, his storytelling, and his passion for freedom and free markets." - @LawrenceWReed1

@jeffreytucker Don’t try, it’s a fools errand.

Now we favor higher prices? Hard to keep up. x.com/RapidResponse4…

If that sort of mindless rhetoric motivates you to vote for this guy, I feel sorry for the state of your mind. As humans we have the power of intellect, yet our election propaganda seems to have become so deeply unintellectual. That these type of speech’s are common is a sad state of affairs for our nation. We can do a much better than this. Our nation was found by brilliant men with philosophical curiosity and courage. We can still find and support men like that. Find some deep principles and stand on them. Don’t vote based on party color, vote for ideas. And when ideas are wholly absent stay away from those men.

I’m starting to understand why I hadn’t heard this guy speak before. That was rough. Apparently he also left the Republican Party after Trump won in 2016 and didn’t re-register as a Republican until Joe Biden was elected. A lot of red flags.

@clashreport @jeffreytucker care to comment on the Florsheim as the shoe choice for a loyalty gift?

📸 Marco Rubio wearing oversized shoes that Trump ordered for him by just guessing his size. Trump has been buying $145 Florsheim dress shoes for allies, using the gifts as a lighthearted way to encourage loyalty and unity within his circle. Source: The Times

@theblaze Comments like these prove Trump is disloyal to the truth.

Trump on Thomas Massie: "We've got to get rid of this loser. This guy is bad. He is disloyal to the Republican Party, disloyal to the people of Kentucky, and most importantly, he is disloyal to the United States of America. He's gotta be voted out of office as soon as possible."

@MassieforKY @jackhunter74 Just keep doing good work congressman. Your defense on our behalf, of the constitution, at great personal expense to yourself, is truly inspiring.

I predict “President” DJT will begrudgingly sign my beautiful Epstein Files Transparency Act, causing beleaguered princes and ambassadors and prime ministers and CEOs around the world to be arrested or resign in total shame. Oh wait, that already happened. secure.thomasmassie.com/donate