Healthcare
CapEx Team

FOLLOWING THE MONEY

Covid fraud again. I know, I know. We’re sick to death of it (no pun intended), but deal with it we must. The impact going forward of the now increasingly irrefutable and hard to hide damage being done by these “vaccines” as we’ve come to hear of them, even though they’re not vaccines, is potentially profound. What probabilities lie ahead? What second and third order consequences should we consider? These are some of the questions that we must ask ourselves.

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Capitalist Viewpoints
CapEx Team

TRIBALISM

Human beings are wired for connection. Having strong communities in which members looked out for each other is what kept our ancestors alive, and connection is still key to our well-being. We want to feel a sense of belonging within a group of people who share our values — whether that’s sports fans, a farming community, political party, or Swifties (Taylor Swift fans, if you haven’t heard). Unfortunately, however, we are also wired to defend our own groups and demean

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contagion, economy
Current Affairs/Politics
CapEx Team

Contagion

Everything is too interconnected. We showed you neon last week. Without it we can’t make semiconductors. Without semiconductors we don’t get much of anything these days. Then we have energy. Whoo boy! I won’t rehash what you already know well by now. Going into this fiasco we had a massive issue with respect to decades of falling capex in the energy space. Then we had Covid lockdowns which continue to impact both supply and especially supply chains, and now… we

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bank assets, currency, central bank
Currency
CapEx Team

Can’t Access It? Don’t Own It

In a stunning move, the Sleepy Joe administration woke up, stumbled out of bed, and in what is unfortunately now characteristic they promptly froze the central bank’s assets of one of the world’s foremost military and nuclear-armed powers. This is how it was described in the WSJ article: Many economists have long equated this money to savings in a piggy bank, which in turn correspond to investments made abroad in the real economy. Recent events highlight the error in this

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OWTW
CapEx Team

Brace for a food crisis – OWTW

  MEET HUGO The 1921-1923 hyperinflation in Germany and Austria was blamed on the 1918 Spanish Flu. The 202X hyperinflation will be blamed on Covid-19. History is repeating itself. For some inspiration, it’s worth revisiting one Hugo Stinnes. Hugo was a cunning bugger who became Germany’s richest man during the 1920s. Now, how is this relevant today? Well, the US has announced another stimulus package in the amount of $1.9 trillion. Put another way, this is ONE THOUSAND billion dollars! This comes

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Banking
CapEx Team

ONLY ONCE

Can you do this: removing Russia’s central bank and a number of other commercial banks from the SWIFT payment messaging system. That’s what just happened. This is the weaponisation of money on this scale we’ve never seen before. Why do I say this? Because the second-order effects are that the whole world sees this. Pray tell, what China thinks of this now? I’ll tell you what. They will make it a priority to NOT need the US dollar going forward.

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russia, ukraine
Current Affairs/Politics
CapEx Team

WHAT ISN’T BEING TALKED ABOUT

This edition is probably the beastiest we’ve produced. Late nights, phone calls, research into the wee hours, you name it. It is hard not to feel overwhelmed. We feel fortunate we’ve been watching much of this for decades now, so the ability to parse information and understand it within context is hopefully better than if we’d only picked up the sport recently. Finding the time to get even a fraction of it all down here for you is challenging, and

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Insider
CapEx Team

LONG DEATH

While correlation doesn’t always equal causation… It’s morbid AF to have a “long death” portfolio, but if people are dying, people are dying. And we’d wish for them and their loved ones to have as dignified an experience as one can get in such shitty conditions. Funeral homes — a picture is worth a thousand words. From Service Corporation International’s (a funeral business) 10K. Notice the acceleration in stock returns starting in 2021 (vax rollout began). Both Service Corporation and

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