CR Dean (@CRDean5) profile picture

#Gold #Silver #Copper #Uranium #NatGas #Oil Own physical assets & commodities My thoughts are mine alone. DYODD

Canada
Joined February 2020
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CR Dean retweeted
#Gold New tax laws will be implemented in #Canada making it one of the most compelling jurisdictions for Majors to build new mines . Capital flows where it is treated best . And Canada is putting up the neon sign "Open For Business" when it comes to natural resource investing
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CR Dean retweeted
“They’re going to want territory they haven’t even conquered yet because, frankly, they suck,” says @RepDanCrenshaw about Russia’s demands for ending its war with Ukraine. Rep. Crenshaw just returned from a trip to Kyiv and took issue with Elon Musk’s comments on Ukraine’s use of Starlink satellites on the battlefield.
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2/ Russian forces have made effectively zero net gains in 2026 at the cost of over 40,000 casualties per month since July and around 458 casualties for every square kilometer of territory that Russian forces lost.
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Copper needs $332 billion in new mines to avoid a deficit, BloombergNEF says. The gap starts in 2028 and could reach 20 million tons by 2050, 44% of demand, risking slower EV, battery and grid rollout. #Copper #Mining #Metals #EnergyTransition oilprice.com/Latest-Energy-N…
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US and China's combined money supply is approaching COVID levels... Anyone remember what happened to inflation after COVID? It peaked at 9%. But...what was bad for citizens was good for the government. US debt to GDP plunged from 132% to 115%. As Trump said, you can reduce the debt rapidly through inflation. We don't own enough hard assets for what's coming.
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Ray Dalio's family office sticks to what he believes and says in interviews - the decline of fiat currencies. Hence, he holds 87% in Gold ETFs.
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CR Dean retweeted
Ukraine is moving Russian data to the cloud.
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CR Dean retweeted
“The situation has never been so serious; the Fifth Republic is on the verge of collapse. My family has served France for centuries, and if France calls upon me, I will be at its service. The indispensable condition is that France desires the return of the monarchy - a monarchy above parties, unifying.” - Luís de Bourbon, direct descendant of Saint Louis IX
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On my way to the office this morning, I passed a group of young people protesting, a Palestinian flag draped over their shoulders. And I asked myself a question I can't shake: why does this generation always fall into the same trap? No matter the history. No matter the context. Even the ones from wealthy families, who went to the best schools, who were dealt every good card. Always the same trap. I don't think it's stupidity. I think it's a mechanism. And a mechanism can be taken apart, piece by piece. A. The observation: everything the state touches becomes unaffordable. Look at economist Mark Perry's famous chart, the one people call "the chart of the century." It tracks US prices since 2000. At the top, what explodes: hospital services, college tuition, textbooks, childcare, housing. Increases of +100%, +150%, up to +250%, far above general inflation. At the bottom, what collapses: TVs, software, phones, toys, clothing. A TV today costs a fraction of what it did in 2000, for an infinitely better product. Look at what separates the two groups. It isn't technology. It isn't complexity. It's one variable: how much the state is involved. At the top, sectors that are subsidized, regulated, shielded from competition, where the state funds demand and blocks supply. At the bottom, sectors where companies fight every single morning to serve you better and cheaper. B. The mechanism: why it's systematic. When the state subsidizes demand without freeing supply, prices rise. Every time. Guaranteed student loans, and universities raise tuition. Housing aid plus blocked building permits, and rents skyrocket. Administered healthcare, and bureaucracy eats the budget before it ever reaches the patient. In France it's even more vicious, because the price doesn't disappear: it hides. You never see the hospital bill, you pay it through payroll contributions. You never see the cost of school, you pay it through taxes. Public spending at 57% of GDP, one of the heaviest tax burdens in the world, more than €3.4 trillion in debt. And the result? Overflowing ERs, falling PISA scores, young people who can't afford to live in the city where they work. The market didn't fail in these sectors. It was never allowed in. C. Suffering demands a culprit. A 22-year-old lives all of this in their bones. They can't find a place to live. Their degree either buries them in debt or opens no doors. The future feels blocked. That suffering is real, and I don't deny it for a second. But human beings can't stand suffering without a culprit. They need a face. A scapegoat. And this is where everything is decided: who taught them how to read the world? D. Whoever tells the story picks the villain. Schools are public. Universities are public. Culture runs on grants. Film goes through funding committees. Public broadcasting shapes the narratives. The people handing down the interpretive framework are, overwhelmingly, paid by the very system that creates the problem. Do you really think that system is going to name itself as the culprit? No. It names the capitalist. The boss. The landlord. "The rich." The multinational. The commercial West. Same role, same casting, every time. E. One lens, a thousand causes. And this brings me back to that flag. A generation taught to read every situation through a single lens, oppressor on one side, rich, Western, capitalist, oppressed on the other, will apply that lens everywhere. To housing. To climate. To conflicts on the other side of the world. The cause changes, the lens stays. That's why the trap is always the same: it's not the cause that draws them in, it's the way of thinking that was installed in them. F. The perfect inversion. Here's the irony. Capitalism is the force that drove down the price of almost everything it touched. The state is the force that blew up the price of almost everything it captured. And young people blame the first for the crimes of the second. It's like blaming the firefighter for the fire because you saw him at the scene. G. The ballot box confirms it. In the US, a few weeks out from the midterms, a large share of urban young voters is getting ready to vote Democrat for more state, more spending, more regulation. New York elected a self-described socialist mayor, carried by young voters, on promises of rent freezes and city-run grocery stores. Rent freezes, the policy that has made housing scarcer everywhere it's been tried. The cure that worsens the disease. In France, it's the same play in two acts. Part of the youth votes for the radical left, which promises more state. Another part votes for the center, which promises to "manage" the state well, and has dug the debt deeper than ever. Two different ballots, one shared assumption: the problem is the market, the solution is the state. H. The way out. These young people aren't stupid. They're right to be angry. They're just aiming at the wrong target. The day they understand that their rent, their tuition and their hospital are expensive precisely because the state runs them, their anger will change direction. They'll stop protesting against those who create. They'll start protesting against those who capture. That day, the greatest intellectual scam of our time will be over.
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It's the Republicans' fault that the Democrats will win Congress in the midterms and the White House in 2028. By pursuing the same failed policies of the past, but lying about having done something different to solve the problems those policies created, they opened the door for the Democrats to falsely claim that they are better qualified to solve them. Of course, once elected, they will compound the problems even more than Republicans. That's why I am even more frustrated with the Republicans than the Democrats. The Republicans are the ones who are supposed to know better. Worse than elected Republicans are those who work in the media. By portraying failed Republican policies as successful, they play right into the hands of Democrats who exploit the resulting frustration to win the votes of independents who might have otherwise voted Republican.
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The US will inflate its debt away. Since 1800, 51 out of 52 countries with gross government debt above 130% of GDP have defaulted, either through some form of default or inflation. The only exception is today's Japan... and they're in the midst of inflating their debt away. Today, US debt-to-GDP stands at 121% and will reach the 130% threshold in no time. And no, having the world's reserve currency won't save the US... It didn't save the UK either. Just as the UK inflated its debt away after WWI and WWII, the US will follow suit. We don't own enough gold and hard assets for when that happens.
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CR Dean retweeted
Chris Rock just nailed one of the biggest problems with wokeness. Helping people who feel marginalized is good. He says so himself. The trouble starts when a good cause becomes an institution. The first few witches were real. Then you open a witch office. Now there are salaries, budgets and pensions to justify, and the office needs a steady supply of witches to keep existing. That’s the trap. Once a cause becomes a career, solving the problem means losing your job. So the problem never gets solved. It just keeps getting redefined. A system built to find wrongdoing will keep finding it, whether it’s there or not.
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The Europeans built large welfare states after WW2 while protected by the US security umbrella (so they did not have to invest a lot in defense) and when they did not have ageing populations. But as the number of workers declined relative to the claimants on the state, they began to import foreigners to make up the deficit. They created the immigration problem Europe is now facing, not globalization or neoliberalism, or some other boogieman of an explanation. Their own governments tried to cope with a very real problem in the typically shortsighted way elected politicians do: the Gastarbeiter band-aid turned out into a long-term problem as these people settled and then, inevitably, aged themselves. That's why even conservative and nominally anti-immigration governments can't solve the immigration problem today either: doing so in the ways that they promise voters would collapse the welfare state on which so many of these voters depend.
The biggest, and stupidest, myth in European politics, particularly popular in France, is that Europe suffers the consequences of "austerity" and "neoliberalism". In the biggest 5 countries in Europe, more than half of the population makes its income from the state, less than half from the private sector. This is what makes the problem of reducing the welfare state so impossible: more than half of the voters are net recipients. No surprise that Italy's budget has not been balanced in 100 years, France's in 50 years (ooh la la, l'austérité!!): -France: 30 million from the state versus 21m private sector workers. State spending is 57% of GDP, taxes more than half the economy. The budget hasn't been balanced in the lifetime of most French (since 1974). - Germany: 35 million adults from the state, versus 34 million from the private sector. 10% of the population is registered as severely disabled. Public spending is over half of GDP. Germany has had a continuous budget deficit since 2019. -Italy: 23 million from the state, versus 20.5 million private-sector workers. Public spending is 51% of GDP. Italy has had a budget deficit every year since 1925, for 100 years. - Spain more people get their income from the state since 2024: 18.21 million from the public sector versus 17.9 million people working in the private sector. Since 2025, Spain also had more government employees than self-employed workers (autónomos) for the first time in history. State spending is at 45%, budget has not been balanced since 2007. - UK: 54% of households now receive more in state benefits than they pay in taxes. State spending is 44.5% of GDP, taxes (40%) are at their highest since 1950, the budget hasn't been balanced since 2001, and 1 in 5 new cars is paid by the government through a bizarre state disability scheme (Motability).
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What would you say if someone told you that just 15 years ago Europe produced more gas than Russia exported? Shutting down perfectly fine working nuclear plants while keeping coal was not Europe’s first energy-policy absurdity. Europe has gas reserves. Isn’t it really mind-blowing that it sacrificed energy security, industrial base and geopolitical relevance for the green agenda? It takes deep intellectual flexibility to claim that not producing your own gas but importing it somehow magically helps the climate, especially with the energy- and emissions-intensive liquefaction needed for LNG to be shipped to Europe. In which parallel mental universe do European greens live?
The left prefers feelings and beliefs, but facts and data are sometimes worth examining. Shall we? 1. Germany has spent about €400 billion on its “green” energy transition, an unbelievable amount. 2. Higher energy prices have imploded energy-intensive industrial production, costing countless well-paid jobs. 3. By shutting clean nuclear plants while keeping coal and gas, German energy production generates 10 times more emissions than France’s. Yep, 10 times more. 4. Production moved to Asia, where the same products generate far more emissions in manufacturing and shipping. A Chinese-built car shipped to Europe causes 70% more emissions than one built in Germany, cement production causes twice as many. In short, €400bn spent to ruin German industry, destroy jobs, and harm the climate badly. Why do the Germans do this to themselves and the planet?
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Oil is above $100. The main reason it's not closer to $150 is all the oil being released from the Strategic Petroleum Reserve. That will stop after the midterms. When it becomes obvious that inflation will outpace Fed rate hikes, the dollar will fall, sending oil prices soaring.
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Kevin Hassett claims the U.S. economy is very strong because consumers are saving less and spending more. He attributes that to high confidence. But confidence is at a record low. Consumers are spending more because stuff costs more, and they're borrowing because they're broke.
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Global money supply is rising again after a short period of stabilizations, indicating that the currency purchasing power erosion will continue, persistent inflation is the norm, and governments printing is the cause. via Bloomberg
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Producer Prices in the US rose 6.3% over the last year and 4.2% per year over the last 5 years. 2% inflation is a myth. The Fed has lost all credibility when it comes to fighting inflation.
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