Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Apr 10, 2023 - 13:19:18 PDT
The People's Bank of China (PBOC) reported an increase in the country's gold reserves of 18 tons in March, continuing its buying spree.
The activities of JPMorgan have distorted the gold market.
The price of gold is once again testing its all-time highs as both individuals and institutions flee the chaos of our times toward safety. What John Maynard Keynes decried as the “barbarous relic” just keeps coming back. The worse government policies become, and the more deranged and dysfunctional the Federal Reserve is revealed to be, the more people are turning to time-tested monetary truth.
Two Texas lawmakers introduced identical bills stating that a fractional equivalent amount of physical gold would back the digital currency.
The world is holding its breath for a simmering bank crisis in the United States triggered by the spectacular collapse of Silicon Valley Bank and Signature Bank.
‘Currency Wars’ author Jim Rickards reacts to China and Malaysia reviving a proposal to reduce dependency on the US dollar as other countries look beyond the dollar for a new global currency.
“Thinking the Unthinkable.” What does that phrase bring to mind? To me it suggests a situation that has become so stressed you are forced to consider undesirable solutions.
The Triffin dilemma or Triffin paradox is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies.
How are bubbles formed in the market? And who is responsible for them?
Fed Survey Shows Inflation Expectations Re-Accelerated In March, Credit Access Worst EverApr 10, 2023 - 11:50:03 PDT
This feels very stagflationary. As the labor market starts to finally crack (the most lagged economic signal), and consumer credit growth slows (at their limits), The Fed has a problem as, according to the New York Fed's March Survey of Consumer Expectations, inflation expectations are on the rise once again, especially the short-term.
What Are Older Office Towers Worth When They Finally Sell amid Record Vacancy Rates? Not Much. Huge Losses EverywhereApr 10, 2023 - 11:46:43 PDT
But foreclosure sales are far worse, including a total wipeout of CMBS investors.
This is still an astonishingly tight labor market: astonishing because the Fed has hiked rates for a year and not much has changed.
Fed’s Balance Sheet Plunges by $101 Billion in Two Weeks, as QT Continues and Bank Liquidity Support Begins to UnwindApr 10, 2023 - 11:42:16 PDT
The dream of a return to QE was fun while it lasted.
Be careful what you wish for, because currencies are not abstractions we ponder, they are commodities that serve real-world functions that place demands on the currency as a mechanism of trade, trust, value and risk.
Apr 10, 2023 - 08:40:23 PDT
The agency’s new report tells us practically nothing of significance.
Apr 10, 2023 - 08:38:31 PDT
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
"To more fully restore the separation of powers intended by the founders, SCOTUS must soundly repudiate the Chevron Doctrine, and assert the primacy of an alternative." ~ David Gillette & Warren Barge
Apr 10, 2023 - 08:19:04 PDT
Jamie Dimon, the Chairman and CEO of JPMorgan Chase, has cranked up his public relations machine since March 16 to promote the narrative that he came to the “rescue” of the plunging regional lender, First Republic Bank. The so-called “rescue” consisted of 11 banks, including JPMorgan Chase, dumping a total of $30 billion in “uninsured” deposits into First Republic.
With the recent collapse of Silicon Valley Bank and Signature Bank, financial markets all around the world are on edge. Despite promises from the Federal Reserve that a “soft landing” of the economy is on the way, all signs point to an imminent “crash landing”!
Apr 10, 2023 - 07:59:51 PDT
I read over the weekend that the Biden Administration was planning to unleash its army of social influencers on us to hype Biden’s economic accomplishments before the Presidential election. I…