GOLD IS THE FINANCIAL THERMOMETER

The Bottom Line The Buffett Indicator has never been wrong about what comes next. It’s flashing bright red — just like it did before every crash. This time, it’s not just a warning of an overvalued market.

It’s warning of a system stretched to its breaking point, propped up by debt, denial and delusion. When the fall begins, it won’t be gradual, it’ll be gravity reintroducing itself to Wall Street.

The “Strong” Labor Market Lie They keep telling us the labor market is strong — but the numbers tell a very different story. In August 2024, the Bureau of Labor Statistics quietly erased nearly 1 million phantom jobs from the prior year. Jobs that never existed, yet were proudly paraded as proof of a “booming economy.” And now the truth is spilling out through pink slips. Recent Layoff Announcements:

●​ UPS – 48,000 employees​

●​ Ford – 11,000​

●​ Target – 1,800​

●​ Novo Nordisk – 9,000​

●​ Applied Materials – 1,444​

●​ Amazon – Up to 30,000​

●​ Microsoft – 7,000​

●​ Intel – 24,000​

●​ Kroger – 1,000​

●​ PwC – 5,600​

●​ Nestlé – 16,000​

●​ Meta – 600​

●​ Salesforce – 4,000​

●​ Accenture – 11,000​

●​ Paramount – 2,000​

That’s more than 170,000 real jobs gone — not “seasonally adjusted,” not statistical fiction.