Michael Campbell's MoneyTalks

Colonial Pipeline paid close to $5 million to foreign hackers in an effort to keep fuel flowing along the U.S. East Coast, Bloomberg News reported Thursday. The ransom paid in cryptocurrency was forked over almost a week agolong before gas station lines started forming in multiple states like it was 1979 all over again. News of the payment contradicted earlier reports that the company had no intention of submitting to extortion. The Federal Bureau of Investigation generally ...frowns on such payoffs, in part because in cases like this, the tools criminals provide to fix a hack often don’t work. Once they got their ransom, the Colonial hackers (thought to be in Russia or Eastern Europe) sent over a decrypting tool to restore the pipeline’s disabled computer network. But alas, the tool was so slow that Colonial had to keep using its own backups to restore service. See more

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Economics vs Politics Economics is the science of policies, incentives & their consequences for Human Action. To think that rising inflation, a shortage of willing workers or a surge of illegal immigration at the border are all surprises, or unknowable consequences shows economic ignorance. Brian Westbury, Chief Economist, First Trust Portfolios

A 27 year old crypto billionaire donated $1 billion to India. Make sure you include an asterisk. https://mikesmoneytalks.ca/a-27-year-old-crypto-billionair/

700+ days of captivity for the two Michaels, threats to Canadians and warnings to our government not to speak out...and no reaction. And now "China is ramping up attacks on journalists in Canada, using bots & proxies. Expect this will intensify." ~Eric Denhoff, Former Alta. & BC Deputy Minister

http://mikesmoneytalks.thumbs.top/lks7zca Some staff at Penguin Random House broke down and cried at the thought of publishing Jordan Peterson’s sequel to the mega best seller 12 Rules for Life. Incredible, with all that’s going on, this is what they’re crying about. (Photo: Etsy)

At some point we'll understand that the erosion of confidence in our institutions is the dominant factor driving political, financial and social change. "We know that the system of peer review is biased, unjust, unaccountable, incomplete, easily fixed, often insulting, usually ignorant, occasionally foolish, and frequently wrong." ~Richard Horton, editor of The Lancet

The current rules close small bookstores, florists and lighting stores to in-store business but allow customers to line up at Costco and Walmart to buy these same items. If it is dangerous to buy a book at an independent bookseller, why isn’t it dangerous at Costco? ~Dan Kelly, president, Canadian Federation of Independent Businesses

Complete Show - October 3rd https://mikesmoneytalks.ca/complete-show-october-3rd/ The results of this federal environmental program give new meaning to "all talk, no action". The Wall Street Journal called Martin Armstrong the highest paid financial advisor in the world. In a rare interview he talks about his biggest worry in today's environment. Controversial doesn't do him justice.

Why you should tune in to hear Martin Armstrong this Saturday Oct. 3rd - 8:30-10am PDT. LISTEN LIVE: https://bit.ly/33ozuIL or go to www.mikesmoneytalks.ca

Ignoring The Biggest Threat To Your Personal Finances https://mikesmoneytalks.ca/ignoring-the-biggest-threat-to-/ Economics and finance are not the same thing. Virtually all our focus is on economics ie government spending, borrowing, taxes -while ignoring the massive financial risks building in the credit markets.

WATCH: FREE Webinar - A Wise Alternative to Government Bonds & GIC's in Your Portfolio https://integratedwealthmanagement.ca/ Are you an investor seeking high i...ncome with the safety of principal? We will share details on how this well-diversified basket of Alternative Investments can generate 7%-8%+ with limited portfolio volatility. See more

Josh Owens: Trump And Biden: How The Stocks Divvy Up (safehaven.com) Whether you’re a Trump supporter or a Biden supporter, a die-hard Republican or no-questions-asked Democrat (because there’s no in-between anymore), stock picks tend to align with political ideals. https://bit.ly/2ETphuk

Before Another Lockdown Is Implemented https://mikesmoneytalks.ca/before-another-lockdown-is-impl/ We need to have a thorough discussion of the costs and benefits but one big obstacle are those who say you can’t put a price on a life.

Martin Armstrong This Saturday! https://mikesmoneytalks.ca/martin-armstrong-this-saturday/ Put this on your calendar Martin Armstrong, World’s Top Financial Forecaster Don’t miss him on MoneyTalks Listen Live this Sat. 8:30-10am PDT or listen anytime at www.mikesmoneytalks.ca .... . . #financialforecast #economy #investments See more

Schachter’s Eye on Energy Sept. 30th https://mikesmoneytalks.ca/schachters-eye-on-energy-sept-3/ This week Josef comments on how US crude oil demand fell nearly 1.0Mb/d last week as the pandemic lifted the case load to 7.2M cases in the USA with more than 207,000 fatalities. With Wave Two expected to arrive in the near term it is probable that WTI crude could fall below US$30/b.

Frik Els: Copper Price Surges on Booming Chinese Factories (mining.com) Copper leapfrogged the pivotal $3 a pound level on Wednesday after a key gauge of the Chinese manufacturing sector, the world’s top consumer of the metal, showed new orders jumping to a nine-year high. https://bit.ly/2Sd6WLM

The Only Essential Take Away From the Presidential Debate https://mikesmoneytalks.ca/its-what-moves-interest-rates-g/ Tough not to focus on the chaos, accusations and insults during the US Presidential debate but that misses the far more important point. (Photo: Livemint. com)

Mark this down, Martin Armstrong this Sat. Oct 3rd from 8:30-10am PDT on MoneyTalks!

David Messler: Do Canadian Oil Drillers Still Have Some Potential? (oilprice.com) https://bit.ly/33dojm7

Henry Khederian: Biden Vs. Trump: 10 Best Prop Bets For The First 2020 Presidential Debate (benzinga.com) Will Joe Biden or Donald Trump curse during the Sept. 29 debate? Who will take the first drink of water? What are the odds Trump will walk to the podium wearing a mask? https://bit.ly/36gfXvK

The One Thing That Could Boost The Economy by $50 to $100 Billion https://mikesmoneytalks.ca/the-one-thing-that-could-boost-/ The positive impact will be far greater than any other government program and the best part it won’t cost taxpayers a cent.

World’s Top Financial Forecaster Martin Armstrong Mark this down, Martin Armstrong will be live with Michael this Saturday. You won’t want to miss this! https://mikesmoneytalks.ca/worlds-top-financial-forecaster/

Lance Roberts: Enormous Uncertainty Despite Fed Fueled Market Surge (realinvestmentadvice.com) 51% of Americans think the stock market will decline by 20% over the next 6-months. Only 5% believe it’s improbable. https://bit.ly/2G62EU0

Chris Verlmeulen: Is A Massive Gold Rally On The Horizon? (safehaven.com) More downside pressure on price is possible, but if support is maintained at $1,885 then we could see a big upside recovery trend take Gold to $2,250. https://bit.ly/2G7Vezt

Politicians Love to Talk about Infrastructure Spending https://mikesmoneytalks.ca/politicians-love-to-talk-about-/ But it’s the wrong fix. We have a supply problem too many hotel rooms, restaurant and airline seats, too much oil along with the massive holes in the credit system.

A Good Weekend For The Media - Pt 2 Neetu Garcha https://twitter.com/GlobalBC/status/1309607377981800448