Bubble

Trouble!

Bubbles are generated when investors drive valuations higher without simultaneously adjusting expectations for future returns lower. In other words, the defining feature of a bubble is inconsistency between expected returns based on price behavior and expected returns based on valuations. The ‘Bubble Term’ measures the gap between the two.

In order to generate the return in investors heads, the bubble has to supplement deliverable cash flows with ever-larger speculative gains. As a result, sustaining the bubble requires valuation multiples to increase forever, without any upper bound. The reason the current bubble feels so good to investors is that, up until the present moment, valuation multiples have done exactly that.

John Hussman President, Hussman Investment Trust

DYI Comments:

U.S. Stocks held or bought today - go to sleep like Rip Van Winkle - waking 10 years from now you can expect an estimated average annual return of NEGATIVE 2.59%!

For those youngsters who have a 20 year time horizon - once again for stocks held or purchased today waking 20 years from now can expect an estimated average annual return of POSITVE 1.71%!  This is nominal return before fee's, possible taxes and INFLATION (DYI estimate 4% per annum).

30 Year Time Horizon:  Estimated Average Annual Return - POSITIVE 3.19%!  And of course estimate is before fee's, possible taxes, and the biggest tax called INFLATION.

No doubt time in the market does improve returns but at these historical valuations you'll need to be a Harvard or Yale endowments who's time horizon for the long term is 100 years (estimated average annual nominal return 5.29%!).  But alas we are mere mortals who have a time horizon of 20 to 40 years to put it all together so our retirement is not needing the cookbook for 30 ways to prepare Alpo!

Click HERE  for Money Chimp and you can make your own estimates all depending on valuations.   

Never Forget!

Carrying Credit Card Balances from Month to Month is a Fast Way to the Poorhouse!

 Credit

Card

Mayhem!

The average interest rate on a credit card is around 22.25% to 22.80%, according to recent data from May and November 2024 from the Federal Reserve and Federal Reserve Board.

Highest Household Credit Card Debt

If you're feeling the weight of credit card debt, you're not alone. In August, US household credit card debt reached an all-time high of $1.33 trillion. The average American household is now carrying $10,668 in credit card balances, a number that keeps climbing higher. This isn't just a statistic; it's a real burden affecting millions of families trying to make ends meet.

Where you live can make a big difference in how much debt you're likely carrying. If you're in Hawaii, you might be facing the highest average  debt at $15,100 per household. California comes in second at $13,800, followed by Alaska at $13,600. New York ($12,900), Texas ($12,800), and Florida ($12,600) also rank among the states with the heaviest credit card burdens. The trend is clear: across the country, credit card debt just keeps growing.

From the Desk of Christine Massey...Top Notch Reporting!

 

Scam Alert

Medical Industrial Complex

Environment & Climate Change Canada FOI: no scientific "bird flu" records!

They claim to surveil for "bird flu" but haven't provided a shred of valid evidence... after 5 months of waiting!

Christine Massey FOIs Oct 11, 2025 Greetings and Best Wishes, Environment and Climate Change Canada (ECCC) is a member of Canada’s “Highly Pathogenic Avian Influenza Vaccination Task Force” and its agents claim to conduct “surveillance” for “avian influenza virus”. Yet when officially challenged and given 5 months to search their records, the institution was unable to show that it has any scientific evidence that the alleged virus or a contagious illness even exists. On April 10, 2025, I filed a freedom of information order (pgs 1-2) with ECCC for all studies in the possession/custody/control of the institution, authored by anyone, anywhere, that: scientifically prove or provide evidence of the existence of the alleged avian influenza virus, or at least describe purification of particles thought to be avian influenza virus directly from bodily fluid of “hosts” (so that they could later be sequenced, characterized and studied with valid, rigorous scientific experiments), or wherein the purported avian influenza virus’s “genome” was found intact in the bodily fluid or tissue of a “host” (not simply computer-modelled), or that scientifically demonstrate contagion of so-called “bird flu” illness / symptoms, or wherein any “bird flu”-related test was validated. As usual, I asked that if any records match the above description and are available elsewhere, I be provided citations so that I could identify and access them. And I included a note about Urgency & Danger to Animal Life and Well-being: “This is an urgent issue: farmers are being harassed to “dispose of” their animals and take other disruptive measures under the premise of a never-shown-to-exist virus.” On May 1, 2025 an unsigned letter from “Access to Information and Privacy | ATIP Secretariat” acknowledged receipt of the order (pages 5-7) and on May 29, 2025 a letter labelled “Original signed by, Susan Drysdale Director, Access to Information and Privacy” (pages 9-11) stated that (emphasis added): “…an extension of 90 days is required beyond the statutory 30-day limit… as meeting the original time limit would unreasonably interfere with the operations of the Department. Consultations with other government institutions and notifications to third parties... are also required…” One hundred and thirty days have now passed with … ~crickets~ … from ECCC. Therefore, on October 9, 2025 I followed up (pg 13) with Susan Drysdale acting as “Director, Access to Information and Privacy”, pointing out the breach of contract and granting a final 24 hours to respond before I go public. There has been no response whatsoever from Susan or anyone else at ECCC. Of course Environment and Climate Hoax Change Canada is only the latest in a long string of institutions involved in “bird flu” activities but completely unable to justify their actions by showing that they have relevant scientific evidence on hand. ECCC’s fellow “bird flu” Task Force members, Canadian Food Inspection Agency, Agriculture and Agri-Food Canada and Public Health Agency of Canada, along with the U.S. Centers for Disease Control and Prevention, the U.S. Food and Drug Administration, the U.S. Department of Agriculture and many other institutions have all officially failed when challenged to show that they have scientific evidence of the alleged virus on hand. And, none of the institutions that were challenged could show that they have scientific evidence of respiratory symptoms being transmitted from person to person (or animal to animal) or even a study where the so-called “viral genome” was actually found in the real world and shown to be anything more than a computer model. None of these institutions could even show that any so-called “viral” sequence or protein actually came from a sub-microscopic particle that was shown in a published image and declared to be “the virus”. Anyone who has taken the time to examine the methodologies employed in virology knows the reason for these failures: the ordered studies do not exist, anywhere… because virology has always been a pseudoscientific discipline that relies on idiotic logical fallacies that a child could see through. Life in prison for the fakers and frauds in “public office” and industry. (Note: this information has been sent to ~200 people who work for “the state”, lamestream media, etc. at Canada, Isle of Man, England and the U.S., so that they cannot claim later that they did not know. It will also be sent to people who act in the Canadian “justice” system… that has falsely prosecuted people in relation to “germs”.) If you would like to support my efforts, please see the Paypal button that is near the bottom of my homepage. Recommended Germ/Contagion Reading/Viewing Mike Stone has a new video series: AntiViral Ep. 1: Virology — A Critique of Its Foundations Where science ends, pseudoscience begins. Both Mike and Dr Sam Bailey have weighed in on Donald Trump’s latest sleight of hand: The Trump Card: Played to protect Big Pharma, not to expose it - Mike Stone Trump’s Tylenol Twist - Dr Sam Bailey The PARASITE Panic - Dr Sam Bailey “In this presentation I will outline different types of “parasites” and the pointless war that the allopathic system is waging against them.” Dr. Andrew Kaufman on the CDC psyop: THERE ARE NO VIRUSES - with Mike Adams (of NaturalNews.com) and Todd Pittner Official FOI Confessions/Evidence Confirm that Virology is Pseudoscience My notarized affidavit regarding the hundreds of freedom of information responses (FOIs) confirming the fraud and delusion of virology, with German and Greek translations: https://www.fluoridefreepeel.ca/affidavit-re-foi-and-fraud-and-delusion-of-virology Also at tinyurl.com/virus-affidavit Freedom of Information Responses reveal that health/science institutions around the world (225 and counting!) have no record of SARS-COV-2 (the alleged convid virus) isolation/purification, anywhere, ever: https://www.fluoridefreepeel.ca/fois-reveal-that-health-science-institutions-around-the-world-have-no-record-of-sars-cov-2-isolation-purification/ Excel file listing 225 institutions: https://www.fluoridefreepeel.ca/wp-content/uploads/2024/09/Institution-list-for-website.xlsx FOI responses re other imaginary “viruses” (HIV, avian influenza, HPV, influenza, measles, etc., etc., etc.): https://www.fluoridefreepeel.ca/fois-reveal-that-health-science-institutions-have-no-record-of-any-virus-having-been-isolated-purified-virology-isnt-a-science/ FOIs re secretive and unscientifically "mock infected" cells (aka invalid controls) and computer-model "viral genomes": https://www.fluoridefreepeel.ca/do-virologists-perform-valid-control-experiments-is-virology-a-science/ 3000+ pages of "virus" FOIs in 8 compilation pdfs: https://tinyurl.com/IsolationFOIs Failed freedom of Information responses re contagion: https://www.fluoridefreepeel.ca/freedom-of-information-responses-re-contagion/ Do health and science institutions have studies proving that bacteria CAUSE disease? https://www.fluoridefreepeel.ca/do-health-authorities-have-studies-proving-that-bacteria-cause-disease-lets-find-out-via-freedom-of-information/ Because "they" don't exist and virology isn't a science. For truth, freedom and sanity, Christine

The Fake Left-Right Paradigm - What is the REAL Political Spectrum the Monopoly Media is Hiding? The Fake Left-Right Political Spectrum is About Control Etienne de la Boetie2 Oct 13 2025

If you were to listen to any of the major news networks, political shows, or political commentators or college professor, the American political spectrum is a continuum with Communism on the far left, then Socialism as you move to the right, then what the news calls “Liberals” or “Progressives.”

Then… “Moderates” in the middle…

As you move to the right of the middle… there are “Conservatives”, “Libertarians” and “Fascists” on the far right…

This is obviously completely false because libertarians have nothing to do with fascism and fascism is not representative of a desire for more social and economic freedom that the jump from conservatism to libertarianism represents…

Why does the monopoly media and academia lie about it?

Because if they were honest about the political spectrum it would make the engineered two-party system look way less attractive than it is now, it would illustrate that both parties support violent “government” control, and it expose that there are more and better options than “Democrat” and “Republican!”

[ DYI Quick Comment:  The Gaza event is pure street theater with no one being bombed or shot a total con job in order to pull in billions - for both sides that are on the same side.  This type of scam has been going on for decades! ]  

Keeping the population in the fake left-right paradigm allows the inter-generational organized crime system behind “government” to offer a fake “Hobson’s Choice” of two political parties that represent the two largest identifiable blocks of potential participants: “Republicans” are marketed to appeal to rural conservatives while “Democrats” are marketed to appeal to urban liberals. 

At the Presidential and senior party leadership level, the potential rulers are 100% aligned on the issues important to the fractional reserve bankers and recipients of the TRILLIONS of dollars being siphoned out the back door.

Nose Bleed Shiller PE...Tiny Dividend Yields...All Time High Margin Debt...Economy Drifting into Recession...Ripe for a Bear Market!

Margin

Debt

All Time High!

Wolf Street

The additional leverage – borrowed money flowing into the stock market – creates buying pressure and drives stock prices higher. Leverage is the great accelerator on the way up, but it’s also the great accelerator on the way down. Multi-month surges in margin debt, jumping from new high to new high, indicate excessive speculation and risk-taking and have invariably led to sharp selloffs:

The annotations in the chart:

March 2000 was the beginning of the Dotcom Bust, during which the S&P 500 fell by 50% and the Nasdaq by 78%.

July 2007 was just before the stock market started tuning into the beginning of the Financial Crisis, during which the S&P 500 fell by 56%.

May 2018 was followed by a 20% decline in the S&P 500 by late 2018.

October 2021 led to a 25% decline of the S&P 500.

March 2020 was the Covid crash, caused by investors’ reaction to the pandemic. At the time, leverage was relatively low and had been declining, which was a good thing and protected the market. If leverage had been spiking for five months from record to record before the pandemic, the sell-off would likely have been much more severe.

How to become a psyop star

Miri AF Oct 7, 2025 Imagine the scene: You are 35 years old and your life lies in tatters around you. After a short-lived and tumultuous marriage, your wife has left you, taking your child with her. You lost your job some time ago, and debts are spiralling out of control. With no money or job, you’re forced to live alone with your mother, your father having left the home when you were a child. Your days are spent sitting alone in your pyjamas playing video games. You have a string of criminal convictions. Daily Mail Headline The holy day murderer on bail for rape: Terrorist's life as a pyjama-wearing, debt ridden loner whose wife left him Things don’t look like they could get much worse, when there’s a knock on the door and it’s the police, there to arrest you on suspicion of rape. They evidence against you is credible, and they charge you with the crime. That’s all on the public record as the personal history of “Jihad Al-Shamie”, the supposed “terrorist” implicated in the recent “attack” at a Manchester synagogue. But imagine, if you will, that isn’t the full story. Imagine it continued a bit like this.... Bailed and awaiting trial, sitting alone in his pyjamas and contemplating the bleak and terrible future awaiting him as a sex offender in prison, there’s another knock at the door of the Al-Shamie residence. But it’s not the police this time: it’s the intelligence services. Panicking that he, as a Muslim, may have been linked to terror offences, the MI5 officer assures Al-Shamie that it’s not that: that he knows Al-Shamie has never been associated with any such activities (officials have confirmed Al-Shamie was not known to counter-terror agencies, and his previous convictions were not terror related). But, nevertheless, the intelligence officer states he is interested in cutting Al-Shamie a deal on that basis. The intelligence agencies, the officer explains, stage constructions of “terrorist attacks” using actors and AI, and pass them off to the public as real. He assures Al-Shamie this is a benevolent thing to do, as it helps prevent future, real events from taking place, by ensuring a tightening up of the laws that can allow extremism to thrive. There’s been a dangerous rise in antisemitism, he explains, and to counter it - and to prevent real instances of Jewish people being harmed or killed by anti-Jewish extremists - the British state intends to stage a “terror attack” against Jews, perpetuated by a Muslim. This will provide the basis for anti-extremism laws to be tightened up and prevent future, real tragedies from taking place. As such, the state requires a Muslim “patsy” to star as the terrorist. All Al-Shamie has to do, explains the nice intelligence officer calmly, is stand outside a synagogue with a fake explosives vest on, shout something vaguely threatening like “I’m gonna get you“, and then lie on the floor for a few minutes pretending to be dead when the actor-policeman fake shoots him. It will be reported in the news that Al-Shamie is dead, a death certificate will be issued, and then the intelligence services will provide him with an entirely new identity and life.  He’ll be given a new name, new passport, and set up in a luxury flat in another city with plenty of money. He can completely start again - no debts, no rape conviction, and the resources to rebuild his life.  He’ll receive a monthly stipend from the state for the rest of his life to sustain him, the only condition being (as well as obviously signing the Official Secrets Act) that he’ll have to make himself available should they require him to star in another staged event. What does Al-Shamie say to such an offer? What would most people in that position say? So, that’s likely how the state recruits its psyop stars. It looks for those who have the right vulnerabilities (mounting debts and poor personal and professional prospects), and the right personal characteristics (criminal tendencies, especially those relating to abuse, assault, and stalking), a description which fits Jihad Al-Shamie perfectly. We saw a very similar profile for Shamsud-Din Jabbar, the “Muslim extremist” on whom the almost certainly fake New Orleans New Years’ Day “terror attack” was blamed. Twice-divorced Jabbar was the recipient of a restraining order from his ex-wife, forbidding him from sending threatening or obscene messages to her or causing “bodily injury” to her or their child. He was also drowning in debt, being $27,000 behind on house payments, whilst owing $16,000 in credit card debt. A perfect candidate, in other words, to star in a psyop - someone who has nothing to lose and everything to gain by participating in spycraft for the state in return for money and a new life. The ages of these two pretend perpetrators is also notable: Al-Shamie was 35 and Jabbar, 42. This is considerably outside the window for “radicalisation” and extremist tendencies, which tend to peak in the late teens and early twenties, and the average age for an Islamic State (IS) fighter is around 25. Examining their personal biographies, then, there is little evidence to suggest either Al-Shamie or Jabbar were actually radicalised Muslim extremists who decided to randomly kill some people, and much more to suggest they were struggling middle-aged men facing a litany of personal and financial problems who cut a deal with the state by agreeing to perform in a black ops pantomime. A similar scenario was reflected in the movie, The Gray Man, which depicts an intelligence officer visiting a murderer in prison and offering him his freedom, in exchange for working for the CIA in its black ops division. As we know, the social scriptwriters frequently use fictional films to reflect what is really going on in the world, in what is known as “revelation of the method“. So it looks much more likely that - far from actually being “radicalised Muslim terrorists” - both the Manchester and New Orleans “attackers” agreed to be framed as rabid Muslim extremists in state psyops in exchange for money and a new life, and many people throughout the decades have likely been cut such deals. Not always to star as perpetrators, but as victims, too. Obviously a fake terror attack needs victims, and the state would hardly struggle to find people with bleak, prospectless lives drowning in debt who would jump at the chance for an exciting new life with plenty of money, the only condition being they have to allow the media to report that they’ve “died in a terror attack”. Why not kill them for real? It’s not the the state has a problem with killing innocent people (see: war, vaccination) but rather that in a “terror attack” situation, it creates a big mess. It leaves behind devastated families who may demand answers, and not accept “the official story”.  The family are unlikely to cooperate with the media and say exactly what the establishment wants them to say about the event. There might be revenge attacks. Faking deaths, however, avoids all of this and allows a nice, neat narrative where the event - including the behaviour of the families of the “victims” - unfolds exactly as the state wants it to. The families may be especially motivated to do this in a highly politicised situation such as an “antisemitic terror attack”. If the family believes the event is serving a crucial political purpose, in clamping down on real antisemitism and preventing real people from being killed, they may be highly motivated to engage in the deception, truly believing they are doing something virtuous. Further than just perps and victims, however, the state also requires a stable of people to validate its psyops, primarily online, which is where doubt and dissection of these events most thrives. Often when there’s a major, theatrical “terror event”, or other sensationalist politicised news item (such as someone supposedly “going to prison for a Tweet”), plenty of online commentators including myself doubt the veracity of the event. Such doubters are instantly descended on by a swarm of critics whose role is to validate the state narrative, and silence the critics, which they most often do through relentless personal abuse. This is because their aim is to get the target out of their rational mind, where they can present evidence and a logical case to support their views (and therefore successfully persuade others the event may have been fake), and into their primitive, defensive brain instead, where they become so subsumed by vitriolic arguing and insult-trading that they stop the work of actually exposing the psyop. Obviously, not everyone who name-calls online is doing so in a strategic way. Some people who do this are just bored trolls. But, as we know very well, courtesy of the confirmed existence of “77th” - the military brigade deployed during Covid to attack online anyone who doubted official establishment shibboleths - some of those who viciously attack online are trained, paid state assets, specifically employed by the British establishment to control narratives. They are tasked with silencing critics and questioners through relentless, and often coordinated, attacks, in what is known as “non-lethal psychological warfare”. As the average person would balk at a job that entails this sort of thing (”non-lethal psychological warfare” basically meaning the relentless abuse of others) the state is unlikely to recruit average people for these roles, but rather - as for the “main characters” in the psyops - people who have criminal histories relating to abuse, assault, and stalking. Somebody who has already shown themselves willing to abuse individuals they know in real-life, for free, is unlikely to have too much of a problem doing it online to strangers, for money (and in fact, they will probably enjoy it) - and further, doing this work for the state may well be the condition under which such people don’t go to jail for their crimes - just as it likely was for Manchester’s Al-Shamie: “don’t want to go to jail for rape? Work for us instead, then”. Many criminals will likely have been brokered these kind of deals over the years. Criminal, deviant tendencies are a very useful characteristic for undercover operatives - it not only makes them better suited for the work of “non-lethal psychological warfare”, but it also means they can always be kept in line by threats to reveal what the state has on them. It is of note when referring to “Muslim terror attacks” - including and especially when they are targeted specifically at Jews - that the Israeli government has worked alongside the British 77th brigade, and also that the Israeli government pays prominent online “influencers” to post. The Israeli government and Zionist influences are highly motived to both demonise Muslims as evil terrorists, as well as to distort and amplify the real extent of “antisemitism” in the world, in order that they can get more laws to clamp down on so-called antisemitism, which in many cases is merely legitimate criticism of the Israeli government and Zionism. Therefore, a disinformation campaign is currently being strategically deployed by high-profile “influencers” to conflate Israelis and Zionists, with all Jews. This is in order that when “antisemitism” laws are tightened up, they don’t merely target actual antisemitism - i.e., violence or dangerous prejudice directed at at Jewish person just because they are Jewish - but all legitimate criticisms of Israel and Zionism, as well. A key tell for an undercover Zionist plant therefore is someone who makes no distinction between the state of Israel, Zionism, and all Jewish people, and simply lumps them all together as “the Jews”. They are doing this on purpose to fulfil age-old stereotypes about so-called “conspiracy theorists” as rabid prejudicial bigots who blame all Jews indiscriminately - not just high-level Zionists or Israeli politicians, but every worldwide Jew - for all the evil in the world. Alongside fake terror events, often seen to be perpetuated by Muslims, who, we are relentlessly told, irrationally despise Jews and present an unyielding threat to them (establishment hacks Sarah Vine and Allison Pearson are strongly pushing that narrative currently),  this concurrent rise in “virulent antisemitic online hate speech” is creating the perfect storm for the establishment to come down on free expression  - including and especially any criticisms of Israel and Zionism - like a ton of bricks (our imminently incoming government, Reform, have made sure to make it emphatically clear just what unreserved supporters of “the Jewish community” they are). I suspect that, in reality, this may be the ultimate goal of the “free speech” platform, Substack: to provide plentiful “evidence” that when a platform supports free speech unreservedly, some of the worst and most dangerous “antisemitic hate speech” (and other “vile conspiracy theories”) are allowed to thrive. Substack is already mired in controversy in this regard, and in 2023, The Atlantic published a piece entitled ‘Substack Has a Nazi Problem‘, whilst more than 200 publications have joined ‘Substackers against Nazis“. Notably, the venture capital firm, Andreessen Horowitz, are major investors in Substack, and the eponymous Horowitz is Jewish (Andreessen, meanwhile, is well known as the creepy tech titan who wants to strip “reality privilege“ from the masses). Has elite Jewish money gone into building a platform that intentionally facilitates and amplifies anti-Jewish sentiment, in a problem-reaction-solution exercise to clamp down on free speech for good?  I would suggest this is highly likely. Furthermore, and probably not coincidentally, several high-profile “influencers” have all announced simultaneously that they are taking potentially prolonged breaks from their activism. Russell Brand specifically identified all the “hate and lies“ as a reason. Something is coming, or rather, we are being set up for something coming. It seems like a major sea-change - sponsored by an ever-accelerating slew of “antisemitic” psyops, both online and off - is on its way.