Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Mar 31, 2023 - 13:07:50 PDT
Will the $170 trillion in domestic derivatives exposure sink the banking system or ignite hyperinflation? Did the silver market rigging cartel sow the seeds of their own demise via swaps?
Global mining’s enthusiasm for brown and greenfield projects has fizzled over the last decade despite near universal agreement that in the coming decades demand for metals and minerals will boom due to the green energy transition.
Mar 31, 2023 - 12:53:47 PDT
Tom welcomes back the legendary investor Rick Rule to discuss current events in the banking system.
Dollar’s getting stiff competition, and gold’s gains add to that pressure...
Gold is a highly liquid asset, which is no one’s liability, carries no credit risk, and is scarce, historically preserving its value over time. It also benefits from diverse sources of demand: as an investment, a reserve asset, jewellery, and a technology component. These attributes mean gold can enhance a portfolio in three key ways:..
Should we leave the creation of new money in the hands of bankers or place its creation solely with our government? “The financial system used by all national economies worldwide is actually founded upon debt. To be direct and precise, modern money is created in parallel with debt…
Mar 31, 2023 - 11:59:33 PDT
The U.S. fell into the empire trap a century ago, and the world is starting to say: “That’s enough.”
When people understand that money is worth less (or worthless), it’s much easier for them to understand the cause of the problem.
Mike Maloney is not your typical economist or financial analyst. As a monetary historian, he has been studying the evolution of currency and financial systems for well over two decades.
US-China Decoupling Will Force Europe To Choose Sides Sooner Rather Than LaterMar 31, 2023 - 11:56:01 PDT
Moreover, this US-China decoupling may force Europe to choose sides sooner rather than later. Indeed, the US has been pushing its allies to toughen their stance towards China. And the Netherlands have effectively already done so, when they followed the US in banning the export of certain semiconductor technology earlier this year. China’s ambassador to the EU threatened the bloc not to cut trade ties with China.
Mar 31, 2023 - 11:52:05 PDT
Serious issue. US policy has been very harsh, causing countries to abandon the dollar.
"Two-hundred-seventy billion dollars’ worth of commercial real estate loans [are] coming up for renewal this year, 70% of that is held by smaller regional banks," former acting White House chief of staff Mick Mulvaney noted...
Shares of the firm have plunged 34% in March, set to be their biggest drop since October 1987, the month when the biggest single-day stock market crash, dubbed Black Monday, occurred. The rout has wiped out $47 billion in market value from Schwab, roughly equivalent to the size of Truist Financial Corp.
‘Most U.S. Banks Are Technically Near Insolvency, & Hundreds Are Already Fully Insolvent,’ RoubiniMar 31, 2023 - 10:48:59 PDT
MW: Bank sector stress makes a stagflationary debt crisis more likely and severe, writes Nouriel Roubini.
Nouriel Roubini, CEO at Roubini Macro Associates, explains the "megathreat" he sees from higher interest rates, why he expects an economic and financial crash, and US labor market issues. He speaks from Cernobbio, Italy on "Bloomberg Surveillance Early Edition."
The Federal Reserve’s higher interest rates after 12 years of zero interest rates are devaluing the asset side of banks’ balance sheets. This frightens depositors and they withdraw their deposits. Depositors also are withdrawing their money because they can get much higher interest rates on safe US Treasuries. According to some reports, $1 trillion has already been withdrawn from US banks...
This sector, she said, includes things like hedge funds, money market funds, and digital assets, the last of which the Biden administration is continuing to evaluate. She paid close attention to stablecoins, which she said have a structure that creates the types of "run incentives" found in the traditional financial system.
Mar 31, 2023 - 08:17:50 PDT
The dominance of the US dollar has been causing increasing problems for economies around the world. As a result, there is a growing undercurrent of interest in finding alternative reserve currencies. China is pushing for the yuan to become a reserve currency, but a possible BRICS+ Central Bank Digital Currency (CBDC) may have the edge
This month, Russia and China are sparking new jitters in Washington. That is primarily because of their stage-managed displays of diplomatic unity, around Ukraine and much else.
U.S. money supply is falling at its fastest rate since the 1930s, a red flag for the economy and financial markets.