Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Americans are waking up to the fact that shortages of everyday products such as ice cream, frozen food, soda, chicken, spices, coffee, fish sticks, snacks, and toilet paper are popping up all over the country as supply chains remain heavily congested 19 months after the virus pandemic first began.
Nothing is going to happen because no one cares about gold, until suddenly everyone will. Then it will do a vertical. When it happens it will happen fast.
Thiel declared that Bitcoin’s high price, $66,000 at the time, was an indication that the financial hegemony of the dollar might be close to an end.
“When you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed.” – Francisco d’Aconia “Money Speech” from “Atlas Shrugged”
Fed’s Powell: On Track for Taper, High Inflation Could Last Into Next YearOct 22, 2021 - 08:56:29 PDT
Federal Reserve Chair Jerome Powell said on Friday that the U.S. central bank is "on track" to begin reducing its purchases of assets, and noted that he expects inflation to abate next year as pressures from COVID fade.
Politicians may be morons when it comes to public policy, but they’re geniuses when it comes to inventing new ways to control your life and steal your money.
A far-right group launched by anti-government activist Ammon Bundy is rapidly expanding nationwide and making inroads into Canada, according to a new report from the Institute for Research and Education on Human Rights.
Gas keeps getting more and more expensive, especially in California. But perhaps nowhere is it pricier than the remote central coast community of Gorda. The town's only gas station is offering regular unleaded for $7.59. Premium is nearly $8.50.
Biden Finally Admits Dems Don't Have The Votes To Raise Corporate Taxes For 'Build Back Better'Oct 22, 2021 - 08:05:31 PDT
After weeks of negotiations at the White House and on Capitol Hill, it appears the Democrats are hardly any closer to passing President Biden's "Build Back Better" agenda (which, remember, has been split into two bills, a "bipartisan" infrastructure bill and another to finance a massive expansion of the social safety net).
House Majority Leader Steny Hoyer wants framework for Biden's social spending plan set before MondayOct 22, 2021 - 08:02:53 PDT
Democrats have had to scrap chunks of the bill to cut its price tag from $3.5 trillion to $2 trillion or less. Lawmakers aim to slash costs to appease centrist Sens. Joe Minchin, D-W.V., and Kyrsten Sinema, D-Ariz. As Democrats try to pass the plan with a simple majority in the evenly split Senate, one defection can derail it.
Buy now, pay later is booming. For consumers, there are many advantages to installment payments. There are also downsides.
Restaurants Prep for Labor Crunch by Turning to Robots to Man the Fryer, Shuttle Food to TablesOct 22, 2021 - 07:56:21 PDT
Restaurants that are struggling to fill jobs are beginning to turn to robotic solutions to ease staffing challenges and to speed up operations.
Why a Capital Gains Tax Increase Would Be a Massive Jobs (and Wealth) KillerOct 22, 2021 - 07:52:55 PDT
An increase in capital gains taxes would discourage high-risk investments that launched the dreams of Henry Ford, Steve Jobs, and Jeff Bezos.
U.K. 5-yr inflation expectations (as measured by breakevens) have climbed an incredible 160bps so far this year, to reach the highest levels on records going back more than 25 years. If you thought you experienced an inflationary environment pre-GFC, you ain’t seen nothing yet. The U.K. hasn’t seen something like this since the early 90s...
"...the upward rise in inflationary pressures also shows no signs of abating..."
Gold futures were headed higher on Friday, with bullion set for a sharp weekly gain, as investors turned to precious metals amid growing concerns that rising inflation in the aftermath of COVID-19 may erode purchasing power.
Advocates for centralized control live the Davos mindset. We can get behind justice and sustainability. But not with these guys in control we can’t. They’re not a reliable voice of a free people. They are, instead, the new scourge of the earth.
"Build Back... You Know, The Thing": Americans Have No Idea What's In Biden's Economic PlanOct 22, 2021 - 05:54:59 PDT
While Congressional Democrats spar over the ultimate size of President Biden's "Build Back Better" economic plan, Bloomberg astutely points out that Americans have no clue what they're signing up for with their tax dollars. In fact, according to a CBS News poll published Oct. 10, just 10% of Americans say they know the specifics of the bill, while only 1/3 think it would benefit them directly.
Huge gains are not enough to support pension withdrawals. The alleged solution is more risk.
California port congestion is as bad as ever. Some imports have been stranded offshore for over a month.