Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Deposits at US banks fell sharply and lending declined by the most in nearly two years amid financial turmoil triggered by the collapse of several banks this month.
Optimism about imminent rate cuts is stirring animal spirits — and unease — in equal measure at the end of a turbulent quarter in markets.
U.S. Social Security Fund Seen Depleted 2033, Year Earlier Than Previous EstimateApr 3, 2023 - 05:43:02 PDT
The U.S. Social Security system's main trust fund's reserves will be depleted in 2033, one year earlier than estimated last year, while Medicare's finances have improved slightly, reports from the programs' trustees showed on Friday.
The outlook for the Italian economy is improving but higher interest rates designed to curb inflation could pose a threat to growth, Italy's economy minister said on Saturday, sending a warning to the European Central Bank (ECB).
Russia’s grip on global food supply is tightening after two of the biggest international traders said they would halt grain purchases for export from the country.
While new requirements might be expensive for regional banks, they may help mitigate deposit-flight risk.
Central bankers who spent past weeks puzzling over how financial turmoil will impact their outlook now have a jolt in the form of higher oil prices to consider.
In the aftermath of the failure of Silicon Valley Bank and Signature Bank, many rushed to blame their demise on a lack of regulation. In particular, they focused on the fact that these banks were not required to undergo a Federal Reserve stress test.Indeed, small and midsize banks are exempt from the stress test requirement. Did that lead to the current banking crisis?
Energy prices have moderated and the price of some goods has dropped in recent months, but the cost of services continues to rise at a red-hot pace and is at the highest level since 1984.As a result, the core personal consumption expenditures price (PCE) index rose by 4.6% year on year. This is yet another signal that the Federal Reserve is not anywhere close to winning the inflation fight.
Unfortunately, the worse is yet to come with this Banking Crisis. And, while the Federal Reserve believes it has the tools to manage this crisis, they are making the same mistakes as they did in 2008. This could have profound implications for the markets and the precious metals...
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.