Enslave
Profiteer
Rule
Don’t go there!
Perhaps ironically, one of the most famous 4 Horsemen of the Apocalypse paintings is by a Russian:
- Pestilence (on a White Horse -> COVID !?)
- War (on a Red Horse -> PUTIN !?)
- Famine (on a Black Horse -> HYPERINFLATION !?)
- Death (on a Pale Horse -> TOO LATE !?)
- Meduza
- DW
- Ahead
One of the most public figures in Russia’s controversial “adoption” of minors removed from occupied Ukraine now faces up to a decade in prison on child-trafficking charges. Irina Rudnitskaya, who heads an organization that advocates for “family values” and supports foster parents, was arrested in Moscow on October 30 and placed in pretrial detention until November 22. Rudnitskaya, a clinical psychologist and mother of 12 adopted children, reportedly sought to avoid jail for the sake of her dependents. Her lawyers say they will appeal her detention. Authorities have released no further details about the case, in which two other women have also been jailed.
Revolut, an online bank popular among expats in the European Union, has started freezing accounts belonging to Russian and Belarusian citizens. According to the company, the measure is an effort to comply with the latest package of E.U. sanctions against Russia, which was adopted on October 23. The abrupt move has left clients scrambling to regain access to their money. And those who have tried to submit proof of E.U. residency have been encountering technical problems, leaving them cut off from their funds for days. Meduza sums up what we know about the Revolut freeze.
This fall, an exhibition by Soviet-American photographer Alexey Titarenko opened in the Italian city of Monopoli as part of the PhEST photography and art festival. Around the same time, the U.S. publisher Nailya Alexander Gallery released the second edition of his book, which brings together his projects “City of Shadows,” “The Black and White Magic of St. Petersburg,” and “Frozen Time.”
In October, we asked our Russian-language readers to send in their most pressing questions about the Russia–Ukraine war. We received hundreds of messages in response, and our Explainers team reviewed each one, grouped similar questions by topic, and then selected the most representative ones to answer directly. In part two of this series, our military analysts look at the possibility of Russia expanding the war onto NATO territory.
Both houses of Russia’s Parliament have passed legislation allowing the state to call up reservists to protect “critical infrastructure” during special drills. In practice, this will likely involve defending energy, transport, and industrial sites from Ukrainian drone attacks. The number of reservists in Russia currently stands at about 100,000 men — up from just 2,000 in mid-2021, before the buildup in anticipation of the invasion of Ukraine. Meduza located a copy of Putin’s August 2021 executive order, shared in a General Staff presentation. In it, the military proposed creating specialized state-owned enterprises composed exclusively of reservists. (Such enterprises already exist in the Belgorod and Kursk regions, where they were introduced after Yevgeny Prigozhin’s mutiny.)
According to the Stockholm International Peace Research Institute, a staggering $2.7 trillion was spent on militaries in 2024. If current trends persist, global military spending is projected to reach $6.6 trillion by 2035.
Continue reading Video – The global cost of militarization at Ahead of the Herd.
We have surpassed the limits of economic, fiscal and inflationary indebtedness. Government irresponsibility is going to cause the next financial crisis.
Continue reading Video – Debt causes the coming economic crisis at Ahead of the Herd.
2025.10.31
Kodiak Copper (TSX-V: KDK, OTCQB: KDKCF, Frankfurt: 5DD1) is back in the news, announcing an expansion to its MPD copper-gold porphyry project in southern British Columbia, and the start of an additional metallurgical test work program to build on the maiden test results received in the second quarter.
The program, to be managed by JDS Energy with assistance from Kodiak advisor Mike Westendorf, will include composite samples from six deposits and mineralized zones at MPD: Gate, Man, Dillard, West, Adit and South (see Figure 1).
2025.10.30
It took just 71 days for the US federal government to add another trillion dollars to the national debt.
In August, the debt soared past $37 trillion for the first time. On Oct. 21, it blew past $38 trillion, according to FXStreet.
Source: FRED
This happened despite tariff revenue and Department of Government Efficiency (DOGE) staff reductions. And US debt is accelerating.
In 2020, the Congressional Budget Office projected the debt wouldn’t hit $37T until 2030.
2025.10.29
Golden Goose Resource (CSE:GGR) is ready to Build Value with Two high-potential assets, Two Tier-one neighbors, tight float with committed insiders.
And all the right signals for a major discovery with the groundwork in place.
La Esperanza Project – Río Negro, Argentina
44,400 ha in the prolific Norpatagonian Massif gold belt 10 km of outcropping low-sulphidation epithermal gold veins Grades up to 2 m @ 24 g/t Au — high-grade surface exposure Surrounded by majors: Southern Copper, near Calcatreu Mine Over 1,600 rock samples and 2,900 m of trenching completed Drill-ready with a proven geological modelGoldfire Claims – Quebec, Canada
83 claims across 15 km in the Urban-Barry Belt Early-stage ground near Windfall Mine (4.5 Moz Au) Area backed by $1.57B+ in development by Gold Fields Access to growing infrastructure: power, roads, mills Exceptional nearby grades: 90.3 g/t Au (Osisko, 2022) First-mover advantage in an active discovery zoneProven, Invested Leadership
Dustin Nanos (CEO): Capital markets leader with global deal flow Ken Booth (Director): Ex-Scotia/BMO/RBC; geology + finance depth Michelle DeCecco (Director): COO of Lithium Chile, 20+ years in mining Sarah Busk (CFO): CPA with deep mining/energy financial experience Dr.Continue reading Golden Goose Resource is building value – Richard Mills at Ahead of the Herd.
2EMMA Featured Stories
Mandela’s Kiss Endures
The 2024 Global Elections Super-Cycle
Stay tuned for continuous updates on elections around the world. Click on a country for the latest elections data and analysis.
- Number of national elections to be held in 2024 18 of 68
- Overall turnout (based on registered voters) 63%
- Total number of ballots cast in 18 elections 467,094,737
Pulled conclusions from pooled data compilations
Using some of the world’s largest companies by market cap & some of the most quoted indices + two most sung alternatives: data for this millennia where available
- At 134x, Apple is the absolute stock price growth winner; with Amazon at 45x and Google at 32x
- Despite the lack of interest or dividends, gold at 6.6x looks good compared to any other stock or index!
- Barrick Gold on the other hand seems to be poorly correlated to anything including the gold metal itself!?
- But Barrick is the only stock producing negative correlations with most of the indices including a relatively high -0.77 with the Euronext100 index
- If one wast trying to get something totally uncorrelated on purpose- it would be hard to beat: gold and the Euronext100 index at -0.03; or Barrick and the Hang Seng index at 0.04; or gold and Merck at 0.16; or BTC and the FTSE index at 0.19
- Correlation against a basket of indices & alternatives is best in Disney and Google (0.81-0.82), albeit at different growth multiples
- If an average historical P/E is somewhere in the 20x range, then the current S&P quoted average which is in high 30s is as warned high, BUT: only Amazon and Visa seem to be widely out of range (justified by growth in online transactions?), with many below current & historical averages
- In the current world of no interest & no inflation, maybe the higher P/E averages are justified..? For how long, that is a different question…
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