Distinction Matter - Subscribed Feeds

Authored by Justin Smith via The Burning Platform blog,

It never ceases to amaze me at how little so many people in this country have done to train their minds to critically analyze information. They have eyes to see and ears to see, and yet, somehow the truth of any major issue still seems to evade them, or they simply refuse to recognize the truth with it standing right in front of them, slapping them in the face.

So many things are currently plumb damned fouled up by this Biden regime and going awry on their own through the dynamics set in motion by this anti-American, lawless regime, that it’s nearly impossible to properly address them all in a single commentary. But I’ve tried to give the Reader as comprehensive an assessment as I possibly can with this piece.

Michael Savage, a longtime renown radio host, was fond of noting that “liberalism is a mental disorder” and we’re witnessing the result of its heavy utilization for far too many years without being grounded in common sense and a certain amount of pragmatic realism. And so here we are, on the cusp of the final fall of America, short of a miracle from God or true patriots taking a firm stand with rifles in hand and refusing to give an inch of ground and any further movement towards the new world order desired by our amerikkan commies.

It might sound quaint and out of touch with what some have now accepted as “the new normal”, but I say we should all wrap ourselves in the American Flag and send out the clarion call for a rush of strong, capable men to come to the aid of their country, in a manner as never before.

~ J.O.S.

“I may be crazy. But it’s no measure of health to be well-adjusted to a profoundly sick society.” ~ Ivor Browne, Professor Emeritus of Psychiatry at the University College Dublin [2017]

In an ideal and perfect world, all Americans would be following a righteously guided conscience and their better angels, and they could trust that their elected leaders were doing likewise; but, we live in a far from perfect world or society, and the fools of the country have abandoned Christian kindness, the Golden Rule and humanity for the evil of trans-humanism. Heartwarming words advocating for true freedom and liberty are far and few between in today’s society and political arenas, in a manner not too unlike the years between 1850 and 1860 that led to the Civil War; and tho’ some on both side of the political aisle still exude goodness in a way that makes each day seem a bit brighter, by and large, the Democratic Party has been completely infiltrated by Marxist-Maoist Communists, who are driving the nation towards the darkest tyranny and bloodiest days ever witnessed in America, as they attempt to stamp out the tenderness and beauty in each person’s soul and reduce us all to mere mindless cogs in their authoritarian machine.

Look around. Half or more of America’s citizenry have lost their minds and are six steps or more removed from reality, either due to the mind-numbing communist indoctrination they have absorbed from their “education” in the public school system, something genetic or a trauma from their life, some new maniacal drug that has them hooked and out of their minds, or a combination of all three.

Some would suggest that we set about immediately reforming public education to promote and defend the ideas that originally built America, but we don’t have time to change hearts and minds to counter a movement that started over a hundred years ago and now sits on the cusp of being able to solidify its current stranglehold on America, if the tide swings its way in the 2024 Election or they are able to steal the election through current fraud facilitating mechanisms. Although we can still move to properly educate the next generation in a newly reformed education system or through homeschool, now is the time to organize and assemble those within the country who already know and hold to the truth of American principles and all the freedom and liberty that follow — time to gather our like-minded American patriots and those Lions of Liberty who have had enough of witnessing this America we love so well so sorely abused, put upon and assaulted.

It doesn’t help when we have self-serving, corrupt people in high office promising to save the gullible and ill-informed from their hell and the misery it brings, if only they will support more madness to be placed in U.S. code. Vote for more economy killing “climate change” change regulations and initiatives and “we’ll put more money on your EBT cards, courtesy of Uncle Sam and the American taxpayer”. “Help us make sure the government has the final say over everybody’s children and can kill babies as they exit the birthing canal, and we’ll make certain you get privilege over all other Americans”, one can almost hear Traitor Joe whispering in some dimly lit concert hall. “You can be a champion among champions”, they say — “Let us help you change your gender”.

And if anyone stands in your way in the pursuit of any evil, it is they who will be called evil and fallen upon by the full weight of the U.S. Federal Government.

Oh yea. And as if that isn’t bad enough, Biden is now moving as fast as he can to forgive $144 billion more in student loans. He plans to announce this on Monday, April 8th 2024, and for anyone with eyes to see, this is simply corruption at its worst and Biden buying votes in the upcoming presidential election. What a slap in the face of Americans who couldn’t afford to go to college but now will be forced to bear the tax burden this move will bring.

I see the immorality growing every day, the people who revel in its evil, freaks from some futuristic sideshow that bodes ill and speaks to the destruction of humanity. and with each passing day, I find myself moving farther and farther away from those with whom I have little or nothing in common with, adrift from most of humanity too. Not in any manner that lends itself to any sadness over my situation, but rather as if to say “whew” in a realization of the relief that has come by way of my separation from those I despise most.

It’s sort of like I’m standing on the river bank watching the “ship of fools” sailing over the river falls in denial of their own mortality, thinking their crazy ideas will save them and hold them invincible, or worse, knowing they are going to die and not caring who they drag to Hell along with them. They think we’re crazy for defending America’s righteous and true founding principles and virtues and the liberty associated with them, and we think them mad for denying God, reality and the best mankind has to offer in exchange for an evil, unrestrained, immoral freedom that is no freedom at all, a bringer of Death.

Since 1965, the communists within the federal government, Congress and many state and local governments have essentially separated us and pitted us against one another as one aggrieved group or another, some special interest and through identity politics and racial hatred. They broke us into tribes and acted as if the represented each, all the while setting in place mechanisms that made us serfs to the government, The Leviathan, and reducing us all to poverty as they have gradually destroyed the bulk of the middle class in our country. The Constitution is so degraded and eroded now that any tyrant can impose his will by way of one flourish of a pen, which Traitor Joe has done through 118 executive orders, bypassing Congress and the U.S. Supreme Court.

We have a national debt that’s rapidly approaching $35 trillion and counting, that to be sure rests on the shoulders of both parties, but it couldn’t have arrived to this abysmal point without both Marxist-Maoists and RINOs accepting the tenets of the Marxist-Keynesian Modern Monetary Theory and the notion that any one nation could print and borrow an endless supply of money forever without any terrible consequence, which is currently being proven wrong. Our people struggle to pay for food and rent and new high mortgage rates have put home ownership out of reach for this new Generation Z that is coming up and expecting a successful way of life to be attainable in some form or fashion, even tho’ many of them are a great part of the problem, some thirty percent claiming to be either queer themselves or supportive of the LGBTQ sickness running rampant through American society, advocating for every known sexual perversion and deviancy one might care to mention.

Several decades ago, I realized every government in the world was using a Keynesian debt-based system, printing money as if there was no end to real assets or backing for it. Basically, the world had gone mad, as the greed of its so-called “leaders” knew no bounds, and the various governments of the world basically accepted the use of monopoly money. The charade is ongoing and the casino open, that is, ’til those at the very top decide to call in their markers and usher in the final forced phase of The Great Reset.

In 2008, as I watched the near total collapse of our economic system and heard George [Bush] say that we had to temporarily abandon the free market capitalist system in order to save it, I received a strong sense that America may have peaked and was as good as it was going to get from there on out. I had a feeling that things were only going to continue to decline, especially as one major corporation after the next receive a taxpayer funded bailout after being deemed “too big to fail”.

In unbelievable fashion, when the largest economic collapse in U.S. history hit in March 2020, to be followed by the Covid Lockdowns, pushed and kept going for years by traitors to America, such as Dr Anthony Fauci and Dr Deborah Birx, many of us saw it for the fraud it was. Still, whole swaths of our cultural freedoms and norms were very nearly destroyed, as a timid American people complied, by and large, because they couldn’t simply stand on their hind feet and tell the government despots “NO”. Even now, as many careers no longer exist and jobs are disappearing like cotton-candy on a rainy day, far too many, especially the communists among us, hold to the delusion that all is well and deny that out-of-control spending and massive national debt really do matter for the health of the nation’s economy.

Who could have possibly known at the time — other than those Deep State bad actors behind the curtain — that this was a dire harbinger of things to come and but one of the first precursors to a validation of this current system of economic fascism as the preeminent and defining feature of what everyone still mistakenly calls our “free market capitalist system”. Who knew that — if one believes Obama and now Biden — the cure for debt was more debt; the cure for greed was more greed, and that envy of the neighbors’ possessions was perfectly acceptable, even if one easily walked on over to take them by force, through armed robbery. And who could have foreseen that every Marxist-Maoist of the Democratic Party would become modern day Jezebels, condemning the innocent by way of one false accusation after another, paving the way for a vile new phenomena and way of life for the misguided youth of America.

But never in my wildest imagination did I expect to see every single government institution corrupted to its very core and heavily infiltrated by men and women seeking to destroy traditional America — to “transform America” — and bring great harm to all Americans in the process, as evil was called “good” and good was called “evil”, turning the world upside down as foretold in Isaiah 5:20, as we all witnessed in 2020, driven by the Democratic Party Communists and fascists and globalists of the country, for the most part. Never did I expect to see U.S. science so corrupted and in denial of real science, reality itself, as supposedly “educated” people were soon trying to convince the entire nation that men could really become women and women could become men — that men actually have periods and can have babies.

And as the American people continue to fail to mount a strong and passionate rejection or effective defense against the current climate change directives from the Biden regime, the Biden regime has just recently [January 26th] ordered our international export of natural gas and natural gas extraction to be placed on hold; and it’s still on hold as of this writing [April 5th], while its impact on the environment is further scrutinized. And in the meantime, the movement towards greater control over our society by way of a digital currency is gaining momentum.

I don’t think the Biden regime is going to be able to control much of anything once they completely destroy America’s energy infrastructure and our efficacy as an worldwide energy powerhouse, as we were under the Trump administration. It’s going to be damned difficult to control anything without electricity, fossil fuels or heat, and all hell will be unleashed once Americans start being forced to sit in the dark, shivering in the cold or sweltering in the heat.

When I hear Rachel “Mad-Cow” Maddow and Chris “Cry-baby” Matthews talking about Republicans who support Trump being members of a cult with “crazy ideas”, I think how ironic, that they are perfectly describing themselves and their ilk. They are so insane that they don’t even recognize themselves in that description or what it is that they don’t know; they call themselves “the normal people” as their despot leader, Traitor Joe, dismantles and tears the American republic down around the shoulders of all Americans.

In listening to many proponents of the Democratic Party Communist platform and agenda — Representative Alexandria Ocasio-Cortez, Senator Nancy Pelosi and Senator Chuck Schumer for three in particular — I cannot help but wonder when did the wards for the mentally ill release all the inmates. And so here we are in America, where the inmates of mental institutions, federal prisons, Illegal Aliens, drug dealers and sexual deviants and child predators are running the country and the Oval Office today.

I have noted in several past articles, I do believe the “united States” is currently hurling down a path on a fast track to a full blown, hot civil war. What will emerge will either be a nation squashed under an iron-fisted communist government or a people united in freedom and liberty under a limited government, restrained from ever growing or overreaching as the current Federal System has allowed and the Biden regime has done, trampling on the entire Constitution and our Inalienable God-given Rights in the process.

Although I refuse to accept any excuse for the far-reaching, incredible and massive ignorance of so many of my countrymen in this day of the internet and information, with books aplenty in every public library too, there are an unbelievable number who accumulate scores, even hundreds, of bits and pieces of the bigger picture without the ability or the will to put them together to reach any worthwhile conclusion aimed at formulating a proper course of action to resist this current totalitarian-minded movement and save themselves, their families and communities and America herself. They do not currently seem to have any real sense of urgency, unless one looks at leadership in Texas and Florida and the current manufactured border crisis.

Twenty-five state governors stood alongside Governor Abbot of Texas in the border dispute with the Biden regime, and the Governor of South Carolina sent his own National Guardsmen to the border to assist the Texas National Guard and Texas’s various law enforcement agencies who are in this struggle for America’s survival. So although I was speaking of the average citizen in the preceding paragraph, there are some holding key positions who see the rapidly approaching existential threats to all America and are reacting with a high level of urgency and accordingly, using everything within their power to stop this one segment of the madness emanating from the Biden regime.

America has been cleaved into two separate and antithetical ideologies — two opposing worldviews — with the communists and radical takers of the country supporting a dark vision of tyranny and the conservatives and independent producers supporting the light of truth and a vision of freedom and liberty. They are both hanging in the balance and waiting for gravity or some monumental event to throw the lever that moves them to act and take the country by storm, with the Democrats willing to use every illegal means imaginable.

The heavy infiltration of Illegal Aliens from many foreign countries that are unfriendly or outright enemies of America is one more dynamic and issue of concern for all who love America, since they will certainly come down on the side which is trying to destroy America. No one should be oblivious to the fact that various “sleeper cells” of Hamas and Hezbollah have been in America for several decades now. Taken in conjunction with thousands of military aged Chinese men entering the country illegally the coming chaos will be Biblical in proportion to anything we have witnessed in all American history.

Nineteenth century French economist and writer, Frederic Bastiat could have been speaking of America today and the situation She currently finds Herself, as he once stated:

“When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe.”

Americans from all across the country have either been complicit in this current treason to “fundamentally transform America”, into something strange and foreign to the Founding, or they have simply been so complacent as to allow the country to fall to her enemies-from-within, in a manner that’s proving fairly damned tough to counter for the moment due to a litany of reasons, from lawfare against conservative and independent patriots to the outright targeting of American patriots by the FBI and the DOJ. But basically, the nation is just about to reap the full, terrible consequences of what was sown so many decades ago, and everyone had better prepare as best as they can.

We can’t stop what is headed down the road towards us, no matter if we stopped all unnecessary spending or the invasion at the border today — not if we outlawed all deviancy, abuse of children through gender assignment and men competing in women’s sports, or started drilling for oil and gas like crazy overnight. The die has been cast, and no one single man or woman, sitting in the Oval Office, can change what is coming, not Trump or RFK, JR or anyone else who wants to give it a try.

All good and decent Americans, who can still remember what America used to be or who have been well taught from childhood and know what a great nation — an exceptional nation — She has been in years gone by, will soon be forced to fight against enemies-from-within and foreign enemies supported by the World Economic Forum and the United Nations, so that our friends, families and communities can survive this period and freedom and liberty shall not perish in our land. And as we fight, we must pray and hope that our side emerges victoriously from the din and cacophony of the conflagration and chaos, in order that we may purge the land of those who hate America and restore Her to a land that truly understands what “equality under the law” actually means, to be governed in a manner that actually defends and protects the Inalienable God-given Rights for all, restoring America as something better than She has been in a long, long time.

This is the war that lays ahead of us, looming just over the horizon, and our very lives and the lives of our loved ones depend on our success. The death of America as She has stood is guaranteed, unless liberty-minded patriots rise from the ashes of the next civil war. That is the reality and the future we now must face.

Keep ringing the bell … the Liberty Bell and the sound of Freedom from sea to shining sea.

"Smoking kills" is but one of the slogans connected to anti-tobacco advocacy groups - and it's quite true.

When looking at behavioral risks, meaning types of risk that can largely be avoided, especially in highly industrialized nations, smoking cigarettes, cigars and other tobacco products is connected to a variety of diseases responsible for 7.7 million deaths worldwide.

As Statista's Florian Zandt shows in the chart below, based on data from the 2019 Global Burden of Disease study by the Institute for Health Metrics and Evaluation at the University of Washington shows, no other behavioral risk factor comes close to the disease burden of smoking.

You will find more infographics at Statista

Coming in second on a global level as well as in terms of risk-factor-associated deaths in the United States in 2019 is alcohol use with an estimated 2.4 million global and 137,000 U.S. deaths in 2019.

Roughly 57 and 30 percent of global deaths associated with risk factors and connected to substance abuse and digestive diseases, respectively, can be traced back to alcohol use.

While a high-sodium diet is connected to almost two million deaths on a global scale and therefore ranks third worldwide, the United States have a different problem: drug abuse.

In 2019, around 105,000 people were estimated to have died from diseases connected to drug use, which constitutes a four-percent share of the overall deaths connected to behavioral risks in the country.

This is especially striking compared to the same metric globally, where the share of deaths barely reaches one percent.

The total number of deaths from risk factors in the United States amounted to 1.8 million, while the global number stood at 35 million.

While the consumption of most drugs is illegal and often carries a social stigma, alcohol and tobacco are legal drugs permeating all levels of society. The risks of both are well-known and well-documented, with the International Agency for Research on Cancer classifying both as a group 1 carcinogen, which includes agents with "sufficient evidence of carcinogenicity in humans [and] both strong evidence in exposed humans that the agent exhibits key characteristics of carcinogens and sufficient evidence of carcinogenicity in experimental animals."

Authored by Tom Ozimek via The Epoch Times (emphasis ours),

Former President Donald Trump has criticized President Joe Biden and the Justice Department for “unfairly” targeting a 71-year-old woman dubbed the “J6 Praying Grandma” who entered the U.S. Capitol for around 10 minutes on Jan. 6, 2021.

Rebecca Lavrenz was convicted on April 4 on four federal misdemeanor charges, including entering and remaining in a restricted building, and disorderly and disruptive conduct. She faces up to a year in prison and $200,000 in fines, with her sentencing scheduled for Aug. 12.

Republican presidential candidate and former President Donald J. Trump speaks at a rally in Laconia, N.H., on Jan. 22, 2024. (Madalina Vasiliu/The Epoch Times)

President Trump took to social media on Friday to denounce the conviction.

“Rebecca Lavrez, also known as the ‘J6 Praying Grandma,’ has been unfairly targeted by Crooked Joe Biden’s DOJ, and now faces up to 1 YEAR in prison for peacefully walking around the Capitol, and praying for our Failing Nation on January 6th!” he wrote in a post on Truth Social.

President Trump said that Ms. Lavrez, a 71-year-old grandmother and small business owner from Colorado, has now become “one of Joe Biden’s J6 HOSTAGES!!!”

President Trump has made the alleged mistreatment of Jan. 6 defendants a cornerstone of his reelection campaign, vowing to use executive power to issue pardons and free Jan. 6 “hostages” soon after taking office, if elected.

“Crooked Joe Biden spends more time prosecuting Patriots like Rebecca, AND ME, than Violent Criminals, Thugs, Murderers, and ILLEGAL IMMIGRANTS who are destroying our Country. THIS IS WHAT WE ARE UP AGAINST,” President Trump added in his post.

President Biden has been sharply critical of President Trump’s statements about the Jan. 6 defendants, while Attorney General Merrick Garland has promised to press ahead with more Jan. 6 prosecutions—and to cast the Justice Department’s dragnet even more widely to include people who weren’t even present at the Capitol that day.

“As I said before, the Justice Department will hold all January 6 perpetrators, at any level, accountable under the law—whether they were present that day or were otherwise criminally responsible for the assault on our democracy,” Mr. Garland said in a speech on Jan. 5.

More than 1,350 people have been charged with various crimes in relation to the Jan. 6 Capitol breach, ranging from misdemeanor offenses such as trespassing to felonies such as seditious conspiracy and assaulting police officers.

Of these, roughly 800 have been sentenced, with nearly two-thirds receiving some time in prison.

‘I Went There To Pray’

Ms. Lavrenz, who calls herself the “J6 Praying Great-Grandma” in her X account bio, was convicted by a federal jury on April 4 on four criminal counts.

After nearly 26 hours of deliberation, a jury found her guilty of entering and remaining in a restricted building or grounds, disorderly and disruptive conduct in a restricted building or grounds, disorderly conduct in a Capitol building, and parading, demonstrating, or picketing in a Capitol building.

In an April 5 appearance on Steve Bannon’s “War Room” program, Ms. Lavrenz said she only spent 10 minutes inside the Capitol and that she traveled to Washington on Jan. 6 to pray for America’s future.

“I went there to pray,” Ms. Lavrenz told Mr. Bannon. She explained that she was in Washington on Jan. 6, 2021 “because I love God, my country, and my family, and I knew that something wasn’t right in that 2020 election.”

Ms. Lavrenz was captured on video surveillance entering the Capitol building through the East Rotunda doors, walking around the building, and speaking briefly with a police officer before exiting the building, according to charging documents.

The Department of Justice (DOJ) alleged in the complaint against her that Ms. Lavrenz volunteered photos of herself at the Capitol on the day of the breach to FBI agents. The complaint says the Falcon, Colorado, resident “admitted traveling to Washington, D.C. on Jan. 6, 2021 to attend the ‘Stop the Steal’ rally on the mall and ‘following the crowd to the U.S. Capitol building.’”

In its statement of facts against Ms. Lavrenz, the DOJ said the grandmother of seven entered the building despite seeing physical barriers “indicating the U.S. Capitol building grounds were a restricted area.”

The filing also states that she “observed people getting into physical confrontations with police” and that she “saw a woman get injured in the exchange.” Video evidence confirmed Ms. Lavrenz’s statement that she was inside the building for only 10 minutes, per the court filings.

Demonstrators are seen at the U.S. Capitol in Washington on Jan. 6, 2021. (John Minchillo/AP Photo)

Several days before the start of her trial, Ms. Lavrenz posted a video of herself online as she entered the Capitol grounds for the first time since Jan. 6, 2021.

“My own country is treating me like a criminal just because I believe that my—they stole my rightful president, and just standing up for my country makes me a criminal,” she said in the video. “It’s not right. It feels so weird to be here.”

A retired register nurse, Ms. Lavrenz also owns and operates a bed and breakfast near the Rocky Mountains in Falcon, Colorado.

She has set up a GiveSendGo crowdfunding page to help pay for her legal bills and as of Saturday had received over $82,000 in donations.

Alice Giordano contributed to this report.

Authored by Elliott Middleton via 'End Times Meditation' Substack,

The BLS is reporting the March unemployment rate down slightly to 3.8 percent, nowhere near the 4.5 percent that it will take to trigger a collapse of confidence. 

ZeroHedge has detailed how fake the BLS’s numbers have become in a series of recent posts (yesterday’s highlights are here and here).

When I was in academics, my research program was on the application of psychology to economics, especially the fundamental psychological law of sensitivity to adaptation level.

Back in the 1990s, I was featured in a front-page article in the Wall Street Journal on “animal spirits” or confidence levels.

I discovered that when the unemployment level rises above a 4-year exponential moving average of the unemployment rate (in which more recent observations are weighted more heavily), confidence collapses, the unemployment rate skyrockets upward, and economic activity contracts sharply.

This event marks the end of the business cycle.

While the economy has been stagnating for most people recently, we have not experienced this signal event, the collapse of confidence that occurs when the recession begins.

The post below describes my intellectual journey and was published in ZeroHedge on June 21, 2022, and is highly recommended if you haven’t read it already.

Read full story...

We can expect laughable unemployment reports for the rest of the year. Meanwhile, private industry sources keep track of announced layoffs.

Via intellizence.com:

Leading Companies Announcing Layoffs And Hiring Freezes in 2024

Since January 1st, 2024, 151,943+ companies have announced mass layoffs.

[Last update: April 01, 2024]. [emphasis added]

The Biden administration is aware of my work and apparently will do anything to prevent the reported unemployment number from climbing to 4.5 percent before the election, which would trigger a collapse of confidence.

The adaptation level is currently at 4.53 percent. Look at the graph below.

There is still a gap of 4.53 - 3.8 = 0.73 unemployment percentage points, too wide for people to feel that “things are getting worse than what we’re used to.”

The difference between the unemployment rate and the adaptation level can be flipped to be presented as a confidence level. By this metric, confidence is still quite high (though trending lower).

Real per capita personal income is almost exactly on trend for the past 30 years.

Consumers may have a lingering COVID-bubble-stimmy-checks-induced feeling of wealth as well, having recovered from a dip in 2022.

The recent experience has been nothing like the years following the Great Financial Crisis.

Unfortunately, more fake data from the BLS coming on top of all the fake data from the FDA and CDC over the past four years will only further extinguish any confidence the American people have in their government’s statistical releases. Or in their government in general.

Perhaps the BLS will simply stop reporting an unemployment number. This is what the Chinese did with their youth unemployment series.

Or perhaps they’ll issue a report with all the data redacted like the FDA did with their myocarditis analysis. Every page was redacted.

The “strong” report this morning suggests that rates will stay higher for longer than many expect. Note in the chart below, showing the inflation rate and the 3-month T-bill rate, that the peak in short-term interest rates came a year after the peak in inflation, the last time the Fed was battling with inflation during the 1980-1982 recessions.

With the WEF Cabal pursuing their goal of global famine by destabilizing oil production in the Middle East, thereby especially starving China of the means to run its economy and feed its population, a global oil shock appears to be in the making.

Crunch coming. Will there even be an election?

We are approaching maximum uncertainty.

Abandoning petrol-burning vehicles and adopting low-­carbon technologies to power tomorrow's economy are trends accelerating across the nation. To do this, access to rare earth metals, key ingredients in many of these 'green' technologies, must be sourced domestically - not from China, an emerging national security threat to the US. As the world fractures into a multipolar state, there is a big push domestically to revive America's metals and mining industry and reduce reliance on Asia. 

Morgan Stanley analyst Carlos De Alba recently conveyed his optimistic outlook for the US metals and mining sector to clients. He highlighted that investment levels in the industry have reached their lowest level in decades. He believes the sector is poised for massive investments and outlines the companies that will benefit. 

"US reliance on import critical minerals has reached a 30-year high, and investment in the industry is near its lowest point in decades," the analyst said, pointing out America's heavy reliance on imported minerals from China:

"The US government has identified 50 minerals it deems critical to the US economy and to national security; for 43 of those critical minerals, more than 50% of domestic consumption depends on imports. 

Since 1990, the US has seen a significant increase in both the variety of imported minerals and the level of dependence on these imports. In 1990, the US was fully reliant on imports for the supply of 9 minerals, and imports exceeded 50% of consumption for 27 minerals (including all minerals, not only critical ones).

 These figures have risen to 15 and 51, respectively, as of 2022. China currently dominates the global mineral processing/refining industry, and the US is heavily reliant on China (>50% of net import reliance) for imports of 26 minerals." 

China's global dominance in rare earth metals is a national security threat. Were Western leaders asleep at the wheel over the last three-plus decades to allow this to happen? 

The analyst detailed how China dominates the global supply of rare earth minerals and cautioned against rising vulnerabilities in US mineral supply chains, especially given the ongoing tensions in Sino-US relations:

"China is in a powerful position to influence the global mineral markets and has already started to flex its strength through mineral export restrictions. For US policymakers, the US's mineral dependence on imports highlights the growing vulnerability of the US mineral supply chain and the urgent need to strengthen domestic supply chains. In addition, the US faces a multi-decade decline in investment in the domestic mining and exploration industry, which has fallen from ~2.0% of GDP in 1960 (and a peak of ~3.1% in 1981) to just ~0.5% today."

After being asleep at the wheel for decades, the bloated US government, thank former President Trump - has awakened from its slumber and realized that it must play a serious "catch-up" game with policy reform and incentives for private industry to rebuild America's domestic mining and separation sector. 

"US permitting reform and other government incentives will likely act as a tailwind for the domestic mining industry through encouraging the development and helping mitigate the associated risks of building new mine supply," the analyst said.

He said the big winner of "permitting reform" that is "geared toward promoting the development of mining projects" will be the "Junior Mining and Exploration industry." 

One company that stands to benefit is MP Materials, the largest US-based miner of rare earths. The analyst said this company is a "play on accelerating adoption of electric vehicles and electrification trends in wind turbines." 

He continued:

"The company's mission is to restore the full US rare earth supply chain. MP has executed on its plan of restarting the Mountain Pass mine in California and it is currently ramping a refining facility to produce rare earth oxides. The company will get into the production of NdFeB alloy flake and permanent mag-nets (critical components for electric vehicles and wind turbines) with a plant that is under construction in Texas." 

Shares of MP Materials have roundtripped Covid lows. 

He said Cleveland-Cliffs Inc and United States Steel Corporation are "key beneficiaries to building ex-China supply chains given CLF is currently the only producer of electrical steel in the US and X is ramping up a greenfield electrical steel facility this year." 

He added: "All steel names under our coverage (NUE, STLD, CLF and X) will broadly benefit from re-shoring trends given manufacturing facilities, and the equipment to outfit them is often steel intensive." 

And the analyst listed a few junior miners with assets in the US that should interest investors:

• American Rare Earths Ltd (ARR.AX | Market Cap ~A$138 million): ARR is a rare earth exploration & development company. Their 100% owned flagship project, Halleck Creek deposit, is located in Wyoming and has extensive rare earth mineralization. According to the company, the project has the potential to be amongst the largest rare earth deposits in the US

• USA Rare Earth (Private): According to USA Rare Earth, the company owns the only scalable, sintered neo-magnet manufacturing system in the Western Hemisphere (located in Oklahoma). The company is targeting magnet production in 2024 and is aiming to supply the plant with rare earth feed stock mined from the Round Top property in Texas in late 2025 or early 2026. USA Rare Earth owns an 80% stake in the Round Top property, Texas Mineral Resources (OTCBQ: TMRC) owns the remaining 20% stake.

• Perpetua Resources (PPTA.TO | Market Cap ~C$360 million): Perpetua's flagship development project is the Stibnite Gold Project located in Idaho, which according to the company has one of the largest economic reserves of antimony and could supply ~35% of US demand in the first six years of production. Antimony is considered a critical mineral and is used in batteries, munitions and semiconductors. The company was recently awarded up to $15.5 million in funding for the Department of Defense to help demonstrate a fully domestic antimony trisulfide supply chain.

• IperionX Ltd. (IPX.AX, IPX.O | Market Cap ~A$525 million): IperionX goal is to re-shore a fully integrated titanium metal supply chain to the US. The company plans on extracting titanium minerals from its Titan Project in Tennessee, in addition to producing rare earths and zirconium as co-products. The company plans on producing high-performance titanium alloys, from titanium minerals or scrap titanium

In addition to profiting from what could soon be an explosion of investment in the mining sector, we outlined to readers days ago another big trade theme in a note titled "The Next AI Trade."

Authored by Daniel Lacalle via The Mises Institute,

Thirty major central banks are expected to cut rates in the second half of 2024, a year when more than seventy nations will have elections, which often means massive increases in government spending. Additionally, the latest inflation figures show stubbornly persistent consumer price annualized growth.

In the United States, headline PCE inflation in February will likely grow by 0.4%, compared with a 0.3% rise in January, and consensus expects a 2.5% annualized rate, up from 2.4% in January. This is on top of the already 20% accumulated inflation of the past four years. Core inflation will likely show a 0.3% gain, according to Bloomberg Economics, which means an annualized 2.8%, building on top of the price increases of the past years.

Thirty central banks easing and seventy national governments increasing spending in an election year means more fuel for the inflation fire in a year in which money supply growth has bounced significantly from its 2023 lows.

Central banks ignored monetary aggregates when they shrugged off the risk of inflation in 2020, and now they are, again, easing way too fast when the battle against inflation has not finished.

Furthermore, the only real tool that central banks have used is hiking rates, because different parallel measures of money growth, including reverse repo liquidity injections, have kept money supply growth at an elevated rate even when the balance of the G7 central banks was moderating, albeit at a slower pace than announced.

Cutting rates may come too late because, by the time it is implemented, it will cause a double negative.

Government deficits will be cheaper to refinance, bloating an already record-high public debt yet again, but those cuts may have little impact on small and medium enterprises and families because they suffer significantly more from the accumulated effects of inflation, which means weaker margins, more difficulties to make ends meet, and impoverishment.

We must also remember that these persistent levels of official inflation come after relevant tweaks in the calculation of the consumer price index. We certainly know one thing: consumers do not pay attention to the annualized rate of growth in prices, but to the accumulated level of destruction of their purchasing power, and everyone, from Europeans to Americans, knows that they have become artificially poorer by the insane fiscal and monetary policies implemented in 2020.

Nobody who takes inflation seriously would even consider easing in an election year, adding trillions of dollars of deficit spending to the fire of inflation. Furthermore, the history of inflation warns us about giving up easily and too fast.

The Fed is making a big mistake by cheering the headline economic figures that come from disguising a private sector recession with a massive increase in public debt and weakening employment figures embellished by temporary jobs and public sector hiring. Additionally, it is making a mistake by giving dovish signals that make market participants take more risk. There has been no relevant reduction in the money supply if we include the different layers of liquidity injections. Announcing forthcoming rate cuts will certainly make speculative debt rise but will hardly change the credit demand from the backbone of the economy, small businesses, and families. Since the US government has rejected any calls for normalization and instead added more deficits and debt as if rising bond yields were not a problem, citizens and businesses have already suffered greatly from ongoing inflation and rate increases. As such, the rate cuts will help an already bloated government spending and the zombie corporations that keep access to capital markets. Everyone else will be hurt both ways, with inflation and lower access to credit.

You may think all the above problems are policy mistakes, but they are not. This is a slow process of nationalizing resources. Inflation and artificial money creation through deficits and monetization are a gradual transfer of wealth from real salaries and deposit savings to the government. You are basically becoming poorer to sustain an ever-increasing government size. The next time you read that massive deficits and monetary easing are good policies for the middle class, ask yourself why you find it harder each year to pay for goods and services. The mistakes made in 2020–2024 will cost the middle class many more taxes, even if the government promises it will only be “taxes on the rich,” the oldest gimmick to raise your taxes.

More taxes, persistent inflation, the hidden tax, and the loss of value of your wages. That is “easing” for you. A private sector recession with headline economic figures bloated by government debt. The recipe for stagflation.