Notes in the Margin

Elections suspended again. After abolishing the freedom of religion and the freedom of speech. To save "democracy."

CIA pal Thiel's "entrepreneurship" mostly involves lobbying for gov't contracts. And then using that money to build the surveillance state. 

Federal bureaucratic parasite Anthony Fauci said covid came from people eating bats. He was lying. New report shows covid origins in US-funded lab.

The U.S. gov has approved $17.9 bln for Israeli military operations in Gaza and elsewhere since Oct 7, substantially more than in any other year since the U.S. began granting military aid to Israel in 1959.

ECB cuts rates on weak growth, markets bet on more easing: The Fed is addicted to easy money, but the European central bank is even more addicted. 

Zillow, which is famously bullish on housing prices, is now projecting that U.S. home prices will fall 1.7% between March 2025 and March 2026. 

April 2025 Manufacturing Business Outlook Survey: "The index for new orders also fell sharply, from 8.7 in March to -34.2 this month, its lowest reading since April 2020." 

Trump demands more easy money and lower interest rates. Powell isn't dovish enough for Trump. 

Steve Hanke joins Kitco News to explain why M2 money supply is shrinking, how sanctions are eroding trust in the U.S. dollar, and why gold remains the real reserve asset in 2025.

On CNN India, Dr. Steve Hanke breaks down the consequences of Trump’s trade policy on consumers.