Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Some inflation is natural and inevitable, but too much can be harmful because when consumers can no longer afford to buy the things they once could, the national standard of living declines, and the economy declines right along with it.
A recent rise in inflation hit everyday Americans where it hurts most, the pocketbook. Some economists are saying it’s temporary, others are saying it’s a big threat, but people everywhere are being affected regardless of how long it might last.
As inflation takes hold, wages may increase, too. The question is, will it be enough to outpace the rise in prices.
Jul 9, 2021 - 05:27:41 PDT
It would be premature to declare victory against coronavirus, which still threatens economies, said Mary Daly of the San Francisco Fed.
Biden To Sign Order To Crack Down on Big Tech, Boost Competition ‘Across the Board’Jul 9, 2021 - 05:23:06 PDT
The Biden administration's order will argue that the biggest companies in the tech sector are wielding their power to box out smaller competitors.
China Signals Easier Monetary Policy, Reviving Worries About Weaker GrowthJul 9, 2021 - 05:17:54 PDT
China's top executive body said late Wednesday the central bank would stimulate the economy with cuts to the amount of funds banks need to hold in reserve.
Guggenheim’s Minerd Called the Yield Decline, Says the 10-Year Could Head Back Below 1%: CNBC ProJul 9, 2021 - 05:13:58 PDT
The recent slide for yields has made Minerd's contrarian call in March, when he said that a surge in yields would soon reverse, look prescient.
The 10-year yield jumped back above 1.30% after falling to 1.25% one day before.
The US Government is on an unsustainable debt trajectory. Even though the Federal Reserve has acknowledged this fact, most mainstream figures consider it a distant problem or even not an issue at all. The argument highlights that debt fears have raged since the debt crossed $1T decades ago and no negative consequences have materialized. This analysis digs into the detail of the debt to show why the US Government is at much greater risk than even a few years ago.
What will happen if the huge amounts of capital in the bond markets start fleeing that sector for gold? Could it be happening already? Join Mike Maloney, Jeff Clark and Adam Taggart as they tackle the latest news.
Sprott Asset Management senior managing director Ed Coyne discusses why the Fed is entertaining tapering asset purchasing. Gold investors are taking the wheel, setting the precious metal up for a major rally as investors realize the Federal Reserve is powerless against rising and persistent inflation, according to one strategist.
Jul 8, 2021 - 13:09:12 PDT
The government is prepared against these “attacks by bringing all of its gold abroad to the country and strengthening its foreign exchange reserves,” Erdoğan added.
Jul 8, 2021 - 13:07:08 PDT
Ethereum and Bitcoin and also Fiat currencies with no backing. And while Goldman Saches prefers Ethereum to Bitcoin (as risk-on devaluation bets), “Gold is a value buy” according to Goldman Sachs’ Jeff Currie and his Commodities Research group.
Sen. Warren Warns of Cryptocurrency Risks, Presses SEC on Oversight AuthorityJul 8, 2021 - 13:06:09 PDT
U.S. Senator Elizabeth Warren on Thursday warned of the growing risks posed to consumers and financial markets by the "highly opaque and volatile" cryptocurrency market and blasted its lack of regulation as unsustainable.
Billions are getting pilfered annually through a variety of cryptocurrency scams.
Head of the BIS Says Central Banks Will Have Total Control of How You Spend Your CurrencyJul 8, 2021 - 12:46:05 PDT
Head of the central bank of central banks says Central banks will have total control of how you spend your money.
It is an article of faith among central bankers that the decisions they make about how much money to create and what interest rate to charge for it will determine the rate of inflation - at least over moderate lengths of time.
Setting out a policy strategy shift on Thursday, the European Central Bank left many questions unanswered but made one point abundantly clear: it would not follow its U.S. counterpart in targeting an average level of inflation. The fact that it put distance between the two regimes in such a stark way reflects both the ECB’s own struggles...
Money supply growth slowed again in May, falling for the third month in a row, and to a 15-month low. That is, money supply growth in the US has come down from its unprecedented levels, and if the current trend continues will be returning to more "normal" levels.
Britain’s economy had been suffering chronic unemployment for a decade prior to 1936. Economic theory as it was then understood clearly showed that the cause of a market surplus was sellers asking a price in excess of what buyers are willing to pay.