Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
It’s important to note that the $842 billion proposed price tag for the Pentagon next year will only be the beginning of what taxpayers will be asked to shell out in the name of “defense.”
Because his actions were so outrageous, perhaps it is impossible to satirize the former president of Zimbabwe, Robert Mugabe, but perhaps I can describe him.
Regulation failed to prevent bank failures, but the Treasury secretary wants more regulation.
“This is all about regulation and the fact that at some point in time there was great advocacy for making sure that the regional banks and the smaller banks didn't have to comply with some of the rules that perhaps would not have allowed them to get into this situation because there would've been st
The entire world monetary system can be summed up in just six letters: I.O.U. Y.O.U. (I OWE YOU..YOU!)
Record surge in sovereign gold buying by foreign central banks continues!
Apr 3, 2023 - 08:47:28 PDT
"The mismanagement was endogenous to the regulatory regime. Rather than promoting financial stability, regulators have undermined it. Doubling down on a failed strategy will not make things better." ~ Nicolas Cachanosky
Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, says the worst of the recent turmoil in banking is over, but there are still warning signs. "We're going from liquidity to capital, and from financial contagion to economic contagion," El-Erian said in an interview on Bloomberg Television in Cernobbio, Italy.
Remember when banks were small? Those old enough to have a bank account in the 1970s should. Back then, most people did their banking with a locally owned institution, often the First National Bank of (Your Town).
Apr 3, 2023 - 08:29:29 PDT
Tom welcomes back Steve Hanke Professor of Applied Economics - Johns Hopkins University.
The food crisis will be the biggest crisis of the 21st century. It will push up food prices and spread hunger and poverty. Surging food prices will create inflation and create more crisis in the world. This will not only affect developing countries but also developed countries. According to United Nations World Food Programme (WFP), more than 73 million people in 78 countries who depend...
The theme of this article is debt deflation. How likely is it that the downturn in broad money supply will continue, and if so, why? And what are the consequences? The major central banks have increasingly resorted to interest rate management as their principal means of demand management. Yet history shows little correlation between managed interest rates and the growth...
Apr 3, 2023 - 08:20:02 PDT
Apparently, foreign Central Banks have lost faith in Biden and The Federal Reserve. Foreign Central Banks are selling US Treasuries. Other than The Fed, Japan and China are the two largest holders …
The investment losses that helped take down Silicon Valley Bank are a problem, to one degree or another, across the U.S. financial system. In total the industry ended last year with $620 billion of unrealized losses on its books from investments in low-yielding bonds.
Customers withdrew another $126 billion the week ending March 22, bringing total industry deposits to their lowest level since July 2021.
Gold prices bounced back on Monday as the dollar trimmed its initial gains that were driven by bets that OPEC's surprise output cuts could jack up global energy prices and force central banks to hike interest rates.
“The rate of change in continued jobless claims is up 13% year over year. Going back to 1968, the average recession start date occurred when continued jobless claims were up 7.2% year over year.”
Apr 3, 2023 - 06:09:10 PDT
I love how the Supernatural character Dick Roman, a Levianthan, referred to Joe Biden as replaceable and having no spark. BUT Biden, Pelosi and Schumer did go on a historic spending spree helping t…
Apr 3, 2023 - 06:07:07 PDT
Former Fed Chair (and current Treasury Secretary) Janet Yellen protected President Obama by raising The Fed’s target rate only once while Obama was in office. Then raised rates 8 times after …
Apr 3, 2023 - 06:05:16 PDT
Even worse, the UMich buying conditions for housing hit 142 in February 2020 but has declined to 47 in March 2023.