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Nima Alkhorshid: Hi, everybody. Today is Thursday, September 3, 2026, and our dear friends Richard Wolf and Michael Hudson are here. Welcome back, Richard and Michael.

Richard Wolff: Glad to be here.

Nima Alkhorshid: Let me start with something that was not so popular in the mainstream media, which is the SCO summit. What has happened in the SCO summit—as was reported by Al Jazeera—[We] see Turkey going to the SCO summit, and [we] see all these countries, from India, Iran, China, Pakistan, to Russia, all coming together.

By Doug Casey
International Man  

September 11, 2026

International Man: Investors tend to chase whatever is most fashionable at the moment. Where do you see important investment opportunities developing today that most people are overlooking because they aren't exciting or widely discussed yet?

Doug Casey: I've specialized in resource stocks for most of my investing life. They've treated me very well, although they're highly cyclical and ultra-volatile.

By Matthew Piepenburg
Von Greyerz - Gold Switzerland  

September 11, 2026

Below, we look at lessons from Japan and its latest signals to prepare for a market sell-off, a debasement acceleration and a golden endgame.

Pattern Recognition

My father taught me long ago that the years teach things the days do not always notice.

In all areas of our lives, we slowly acquire perspectives earned by experience over theory and by time rather than guesses.

Les cours du pétrole poursuivaient leur progression ce jeudi 10 septembre, après que le Brent a franchi, la veille, la barre symbolique des 100 dollars le baril, sur fond d'escalade des tensions en Asie de l'Ouest et de craintes concernant l'approvisionnement énergétique.

Le Brent de la mer du Nord, référence internationale du marché pétrolier, avait clôturé mercredi en hausse de 3,8 %, à 101,64 dollars le baril, enregistrant son niveau de clôture le plus élevé depuis mai.

Giacomo Gabellini

Quella escogitata dall'ex Celeste Impero viene a configurarsi una strategia sottile e "felpata", che combinando pragmatismo a flessibilità si candida a ridisegnare gli assetti geofinanziari accrescendo l'influenza cinese su scala globale a detrimento degli Stati Uniti.

Nel suo discorso sullo Stato dell'Unione del gennaio 2010, il presidente Obama elencò una serie di aggiustamenti reputati imprescindibili per riattivare la crescita economica globale e trasferirla su un piano di stabilità strutturale in seguito allo shock planetario scatenato dalla bancarotta di Lehman Brothers.

September 10, 2026

In his latest episode of the Peter Schiff Show, Peter returns to Puerto Rico to dismantle the government's economic reporting system, expose the contradictions in Trump's pressure campaign against the Federal Reserve, and share a personal story that reveals the hidden costs of tariffs. He closes with a historical parallel that shows just how absurd protectionist policy really is, no matter the era or excuse.

Les prix des carburants ont atteint mercredi de nouveaux records en France depuis le début du conflit en Asie de l'Ouest, dans un contexte de fortes tensions sur les marchés énergétiques, liées notamment aux perturbations du trafic maritime dans le détroit d'Ormuz.

Le gazole s'établissait mercredi 9 septembre à 2,29 euros le litre en moyenne, contre 2,27 euros samedi, selon des données gouvernementales analysées par Franceinfo.

Schiff Sovereign  

September 8, 2026

In 1845, the French economist Frédéric Bastiat petitioned parliament on behalf of the nation's candlestick makers. They were being ruined, he wrote, by an unscrupulous rival that was flooding the market with light at a price no honest candlestick maker could match.

This light-producing rival, of course, was the sun.

And Bastiat satirically demanded "a law requiring the closing of all windows, dormers, skylights, inside and outside shutters, curtains...

Civilization's Ledger Is Bleeding Red, and the Global Economy Is Closer to Collapse Than Anyone Wants to Admit

By Milan Adams
Preppgroup 

September 8, 2026

Walk through the financial districts of London, New York, or Singapore at six in the evening, and you'll catch the last act of a performance that grows harder to maintain by the quarter. The tailored suits still stream from glass towers into black cars.

par Alejandro Marco del Pont

La fête de l'argent gratuit est finie. Pendant des années, le système financier nous a fait miroiter une illusion. Le capital était infini et pratiquement gratuit. Les banques centrales, avec leurs taux d'intérêt proches de zéro et leurs presses à imprimer numériques tournant à plein régime, ont construit un monde où les gouvernements et les entreprises pouvaient emprunter sans se soucier du coût.

publié le 07/09/2026 Par Frédéric Farah

Une récente étude de l'INSEE a mis en lumière la forte contraction de l'emploi dans la filière automobile française, tant chez les constructeurs que chez les équipementiers. Cette dynamique négative n'a rien d'inédit : depuis plusieurs années, rapports et analyses se succèdent pour souligner la fragilité du secteur et les menaces qui pèsent sur lui. Or, l'automobile demeure un secteur stratégique pour la souveraineté industrielle française et pour la vitalité de l'ensemble du tissu productif national.

By George F. Smith  

September 5, 2026

Though Herbert Hoover was a pioneer among presidents in getting the government to "do something" about a depression, he was no maverick. He had the support of distinguished court economists who promoted the idea that stable prices were the key to lasting prosperity.

Common sense tells us that if we walk into a store and find prices consistently lower than they had been, we are better off, other things equal, because our money buys more.

By Charles Hugh Smith
OfTwoMinds.com  

September 5, 2026

It's hard to take a joke when our entire economy and financial system is the joke.

We're blessed/cursed to be living in a very peculiar era in which parodies are taken with the utmost seriousness, an absurdist state of affairs captured by the classic line from the 1959 film North by Northwest: "So horribly sad. How is it I feel like laughing?"

michael-hudson.com

Vladivostok speech, September 1, 2026.

The Coming world depression requires a New International Economic Order led by Russia, China and Iran

1. My comments will be on how today's oil crisis will cause a wave of financial defaults that will cause a world financial depression some time this autumn. This crisis will disrupt the foreign trade and financial domestic investment that is the focus of this conference.

Le président du Parlement iranien a averti le secrétaire au Trésor américain, Scott Bessent, que la baisse rapide des réserves stratégiques de pétrole, la hausse des rendements obligataires et la flambée des prix à terme du pétrole avaient placé ce dernier et l'administration Trump dans une situation difficile.

Dans un message sarcastique publié ce jeudi 4 septembre sur X, Mohammad-Bagher Ghalibaf a raillé Scott Bessent, en citant les contrats à terme sur le pétrole brut d'Oman, le rendement des obligations du Trésor américain à 10 ans et les réserves stratégiques de pétrole américaines (RSP).