Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Keynesian economists say that during an economic slump, the government must run large budget deficits in order to keep the economy going. In contrast, Austrian economists maintain that increased budget deficits are usually monetized, leading to general price increases.
Brain-dead Biden and his gang of neocon controllers want to “green” the economy. They use the phony “climate change” hoax, aka “global warming,” as the excuse to do this. Their plans will destroy America’s economy, which is dependent on fossil fuels.
Apr 25, 2023 - 11:49:10 PDT
Good, bad or ugly, it’s all free speech unless as defined by the government it falls into one of the following categories...
Apr 25, 2023 - 11:47:49 PDT
Limits to user transactions can be implemented according to the anti-money laundering rules of the country where the kiosk is installed, and users’ biometric data is stored locally for one day if the exchange is below a given threshold, to detect further transactions in the same time period.
Apr 25, 2023 - 11:47:20 PDT
It currently costs the gov't more than 2.5 cents to produce a penny.The cent makes no economic sense. The nickel is also now in the red.
The FedNow system is the first step on the road to a national CBDC.
Zimbabwe needs $100 million of gold to kick-start its proposed bullion-backed digital currency, as the southern African nation makes another attempt to stabilize its floundering dollar.
The US has been weaponising its currency - but that comes with a cost...
Apr 25, 2023 - 08:04:50 PDT
The OFR was created after the near collapse of the U.S. financial system in 2008. It derives its statutory role from the Dodd-Frank financial reform legislation of 2010. Its key job is to issue timely alerts and research reports to keep the Financial Stability Oversight Council (F-SOC) informed of emerging financial threats or weaknesses that have the potential to crater the U.S. financial system again.
Shares, after jumping 12% during the day in anticipation of something wonderful, plunged 22% after-hours, now within a hair of the low in March.
The CPI often does not always follow the PPI. Let's investigate why that is.
Conference Board Confidence Slumps In April, Inflation Expectations Remain HighApr 25, 2023 - 07:49:13 PDT
After a brief rebound in March, The Conference Board consumer confidence index slipped lower (lowest since June) as expectations sank back near 9 year lows while current conditions were modestly higher...
S&P CoreLogic (Case-Shiller) home price index unexpectedly rose (0.06% MoM) in February (the latest data released today), which slowed the annual 20-City Composite price index growth to just 0.36% YoY...
There’s now an increasing awareness of a move to ‘de-dollarization’, something that Mike Maloney has been warning about for more than a decade.
I’ve consistently said that the greatest threat to the dollar comes not from abroad but from the U.S. Treasury because they take confidence in the dollar for granted. We’re doing this to ourselves.
Yellen is proving my point.
Central Banks Are Leading a Revolt Against the US Dollar and Shifting to Gold at a Record PaceApr 25, 2023 - 06:19:25 PDT
"Thus the oldest and most traditional of assets, gold, is now a vehicle of central bank revolt against the dollar," Ruchir Sharma wrote... demand is coming from central banks reducing their dollar holdings, not the "usual suspects" made up of large and small investors, the chair of Rockefeller International wrote in The Financial Times on Sunday.
Standard Chartered CEO Warns of Risks in the Banking Sector That Haven’t ‘Come Home to Roost'Apr 25, 2023 - 06:18:42 PDT
"I think we can put the crisis behind us. I don't think we can put the issue behind us," Standard Chartered CEO Bill Winters told CNBC.
First Republic Bank’s quarterly results — including a worse-than-expected drop in deposits — reignited investor concerns about prospects for its business, breaking with more than a week of industry earnings reports that had broadly reassured the market.
First Republic Bank Deposits Tumble More Than $100 Billion as It Explores OptionsApr 25, 2023 - 05:59:20 PDT
First Republic Bank (FRC.N) shares sank more than 20% after the closing bell on Monday as it said deposits plunged by more than $100 billion in the first quarter and it was exploring options such as restructuring its balance sheet.
Investors Flock to One-Month Bills on Us Debt Ceiling Jitters, Shun OthersApr 25, 2023 - 05:57:17 PDT
Congress will need to raise the U.S. debt ceiling or risk a catastrophic debt default, with analysts predicting the Treasury is most likely to run out of funds in July or August. "You're seeing this demand for the very front-end … and then the three- to four-month part of the bill curve is quite cheap because of these debt ceiling concerns,"...