Washington Is About to Send the Nuclear Energy Revival Into Overdrive

By Nomi Prins

When the Soviet Union launched Sputnik in 1957, it was a blow to Dwight D. “Ike” Eisenhower’s ego.

President Eisenhower couldn’t just stand by as the Soviets beat America into the new frontier of outer space.

So, he asked Congress to create a civilian space agency in the U.S. And he got his wish in 1958 when Congress voted to establish NASA.

The Space Race was on.

Next came Project Mercury, which sent America’s first astronaut into space in 1961 – and returned him safely home. And in 1969, Apollo 11 landed humans on the Moon for the first time.

Since then, the U.S. Space program has grown into a pillar of U.S. defense and scientific prowess. Today, the worldwide space industry is worth over $420 billion.

I’m telling you this because we stand at a similar inflection point today.

SEC delays decision on Grayscale, BlackRock spot Ethereum ETFs: Law Decoded

By David Attlee

On Jan. 24, the United States Securities and Exchange Commission (SEC) pushed back its decision on BlackRock’s proposed spot Ethereum exchange-traded fund application (ETF) a day before the deadline, citing the need for more time to review the proposed rule change. While the SEC must make a final decision on BlackRock’s spot Ether ETF decision by Aug. 7, Bloomberg ETF analyst Eric Balchunas has predicted a final decision will be made on all pending spot Ether ETFs in May — similar to the way the SEC decided on 10 pending spot Bitcoin

The next day, the SEC also delayed its decision on whether to approve a spot Ether ETF from Grayscale Investments, opening the application to public comments. The SEC said it would institute proceedings to determine whether to approve or disapprove a proposed rule change allowing NYSE Arca to list and trade Grayscale Ethereum Trust shares. Opening the proposed investment vehicle to public comment will push the deadline for a decision by an additional 35 days upon publication in the Federal Register.

Landslide Trump Victory in 2024 – Martin Armstrong

By Greg Hunter

Legendary financial and geopolitical cycle analyst Martin Armstrong has correctly predicted every presidential race since the 1980’s with his “Socrates” data mining program. The 2024 race, featuring Donald J. Trump, is shaping up to be the most lopsided race for the White House in history. Armstrong explains, “Trump should win. This data has even shocked me, and it’s been right on every election and even Brexit. It’s basically showing, out of 6 models, it is showing four basically all for Trump, but two of them are showing absolute unbelievable landslides. It’s showing 61% for Trump. . . . The computer has never come up before with this complete gap . . . . In 2016, it showed Trump would win, but not overwhelming, but this one is absolutely stunning.”

Many say that they can stop Trump by cheating more than in 2020. Armstrong is seeing that the margins are so big they cannot cheat enough to fill the gap. Armstrong contends, “That’s the way it is shaping up. If you look at the polls on confidence in government, even Europe is down to only 30% of the people trust government anymore. We are looking at a serious collapse in the confidence of government on every level you want to look at. Our computer also shows that this election is not going to be accepted by the other side. . . . Honestly, I have never seen our computer project such a landslide. . . . The Biden Administration, in all honesty, is a complete disaster.”

Everything that’s Dangerous about U.S. Banks Today in One Highly Readable Book

By Pam Martens

Anat Admati, Professor of Finance and Economics at Stanford Graduate School of Business, and German economist Martin Hellwig, have performed a public service to all Americans with their newly released, updated and expanded book The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It. It puts the interlocking web of corruption that is mistakenly referred to as the U.S. banking system into a pristinely documented and highly readable book.

Let us first explain those men without pants on the book jacket. That provocative graphic comes from the storyline in the Hans Christian Andersen tale “The Emperor’s New Clothes.” Tailors offer to make the emperor magical clothes that will be visible only to smart people and invisible to the stupid and unfit.

Why Stocks Could Rally 20% – Again – in 2024

By Brett Eversole

Most investors never saw it coming...

2022 had inflicted an incredible amount of pain. Stocks and bonds fell in tandem. Nearly everyone expected the pain to continue in 2023.

The market tends to do the opposite of what everyone expects, though. And instead of falling further, stocks soared.

The market finished the year up 26%. A good chunk of those gains came in November and December. And the broad rally since late October points to more gains this year.

In fact, history shows the market could rally 20%-plus in 2024.

Let me explain...

A year of 20%-plus market gains might seem like an outlier. But it's more common than you'd think.

Used-Car Wholesale Prices Have Given Up 53% of their Crazy Pandemic Price Spike: Historic Plunge Continued in December

Used-Car Retail Prices have given up only 36% of their price spike so far.

By Wolf Richter for WOLF STREET.

Used vehicle prices at auctions fell another 0.5% in December from November, seasonally adjusted; and by 2.0%, not seasonally adjusted, according to the Manheim Used Vehicle Value Index today. Manheim is the largest auto auction house in the US and a unit of Cox Automotive. Its auction venues sell about 5 million vehicles a year. The index is adjusted for changes in mix and mileage.

The index price, at $18,110, has dropped by $4,792, or by 20.9%, from the peak in May 2022. During the incomprehensibly crazy run-up of prices from February 2020 through May 2022, the index had soared by $8,842, or by 63%, to $22,902.

As of December, $4,792 or 53% of the $8,842 price spike has now vanished – a historic plunge, after a historically insane price spike.

Crypto Is About to Have a “Moneymaker Effect”

By Houston Molnar

In 2003, Chris Moneymaker entered the 2003 World Series of Poker. He’d won a ticket to the event at an online tournament with a buy-in of $650.

At the time, Moneymaker was an unknown. Few people thought the accountant from Spring Hill, Tennessee, could win against legends like Robert Varkonyi, Dan Harrington, and Phil Ivey.

But to the surprise of everyone, Moneymaker took home the $2.5 million grand prize.

It’s considered one of the greatest upsets in gaming history – akin to Buster Douglas’ epic knockout of Mike Tyson in February 1990.

At the time, “Iron Mike” was the undisputed heavyweight champion. With 33 knockouts under his belt, he entered the match a 42-1 favorite against Douglas.

According to the defunct website Poker Listings, Moneymaker was the first person to win the World Series after qualifying online.