Gold has all the potential to go unprecedentedly high. But silver will be gold on
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What the Pandora Papers turn up about the world’s wealthiest people: buying influence, avoiding taxes and owning yachts. While cash may be the traditional means of providing untraceable gifts to politicians, the very wealthy often turn instead to the offshore world to produce an alternative currency: companies registered in secrecy havens and stuffed with valuable assets.
Richest Americans Flee Treasuries With Holdings at 17-Year Low: BloombergOct 8, 2021 - 05:08:56 PDT
America’s super-rich hold fewer U.S. government and municipal securities than they’ve done for almost two decades, according to recent data from the Federal Reserve. The top 1% of households by income held $887 billion of those assets as of June, the smallest amount in 17 years and down from a peak of $1.5 trillion a decade ago.
Some Signs Indicate Federal Reserve Is Already Behind the Curve on Lifting Rates: Deutsche BankOct 8, 2021 - 05:00:05 PDT
Supply shocks impacting inflation and the labor market need to dissipate quickly in order for the U.S. central bank to not be “too far behind the curve,” according to Deutsche Bank strategist Francis Yared.
Experts have warned about the 'catastrophic' consequences of a U.S. default, leading some to suggest taking the threat off the table and out of lawmakers' hands by eliminating the debt ceiling. Sen. Mike Braun (R., Ind.) rejects those calls.
Listing out five responses to President Joe Biden's question on the debt ceiling, Dimon bluntly stated: "We should get rid of this debt ceiling."
U.S. MINT GOLD EAGLE SALES QUADRUPLE IN OCTOBER: Official Gold Coin Sales Also Surpass 1 MillionOctober 8, 2021
With energy prices continue to surge higher, the U.S. Mint updated their sales figures today, showing Gold Eagle sales have quadrupled compared to the same period last month. Also, Gold Eagle sales have already surpassed 1 million oz, and there are still two and a half months remaining. U.S. Mint Gold Eagle sales are RED HOT...
Shhhhhh... don't tell anyone, but world silver production is running up against unsustainable supply levels. While we could see global silver production increase in the next few years, this is not something that will continue to grow for much longer. The world is producing more than 100 times the annual...
How the physical gold price is set, and how physical and derivates markets around the world are connected and interact.
The FOMC openly announced rate hikes in 2022 were a bit ahead of time. The day after the speech of the FED Chair Mr Powell, Initial Jobless Claims data were so bad it turned everything upside down. It seems that the FED is far behind their Employment goal.
Jeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins CNBC's "Squawk Box" to explain why the Fed might be under pressure to taper faster.
Cars, Housing, Stocks, etc. All Being Centrally Engineered via ZIRP, QE, Stimulus, etc.Oct 7, 2021 - 12:24:12 PDT
Cars, housing (below), stocks, etc. all being centrally engineered via ZIRP, QE, stimulus, etc. to artificially induced "inflation" against organically decelerating/declining demand. Just check Japan’s QE/housing charade to c where we're going.
It was great to be a “Master of the Universe” (Treasury and MBS trader) since October 1981 when the US 10Y Treasury yield peaked at 15.84% and mortgage rates peaked at 18.63%. Treasury and mortgage rates have generally fallen ever since. But what happens if Treasury and mortgage rates rise?
91% of small business owners hiring or trying to hire reported few or no “qualified” applicants for the positions they were trying to fill.
From October 2020. "Central banks will have absolute control on the rules and regulations that will determine the use...& we will have the technology to enforce that." https://meetings.imf.org/en/2020/Annual/Schedule/2020/10/19/imf-cross-border-payments-a-vision-for-the-future
Treasury Secretary Janet Yellen is now defending the Biden administration’s proposal that would require banks to report ALL data to the Internal Revenue Service (IRS) on transactions over $600. With the NSA collecting every email, phone call, and text you make, and now the IRS will have every time you even pay rent or a car payment, they will know absolutely everything about everybody.
The G-7 and G-20 nations agreed earlier this summer to join forces to tackle tax evasion and harmonize rules across the globe.
Let's discuss recession and stagflation possibilities.
ESG Shock: Oil Market Needs Half A Trillion Dollar Injection To Avoid Supply Collapse, Price SurgeOct 7, 2021 - 10:22:44 PDT
Back in June, when we asked if "ESG will trigger energy hyperinflation" we observed that the growing pressure from virtue-signaling investor groups on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly in the past year.
Senate's Short-Term Deal Raises Debt Ceiling By $480 Billion, Extending Deadline To Dec. 3Oct 7, 2021 - 09:00:03 PDT
"It's not even a band-aid..."
Consider the possibility that behind all the noise we hear today a similar effort is being made to comfort us and take your attention off the hopeless feeling that comes when things sink away beneath your feet. For the last several months I have come to feel a similar story is playing out here. The Biden-Yellen-Powell economy is less than inspiring.