Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
"This Is Sheer Idiocy": Capital Gains Tax Can Exceed 100 Percent Under Biden ProposalMar 16, 2023 - 12:09:10 PDT
President Joe Biden’s proposed capital gains tax increase could result in an effective tax rate of over 100 percent after adjusting for inflation, according to estimates by economist Arthur Laffer, a former adviser to Ronald Reagan. The increase would more than double the tax investors pay on investments held longer than one year.
It's popular for politicians to claim they will never cut Social Security. But doing nothing now about the program means imposing an even larger hit on seniors in the future.
There's nothing like a bank failure to get people thinking about the banking system. And though it appears the Fed has bought the nation's banks some time, the pair of bank runs on Friday and Sunday again exposed the fragility of the nation's banks. But fragility isn't the only problem. As Rothbard hammered home decades ago, our banking system relies on a deceptive scheme...
We can also predict that the next round of instability will be more severe than the previous bout of instability.
The Treasury secretary said U.S. banks are “sound” but that regulators feared the collapse of Silicon Valley Bank could have led to other runs.
This brief article will explain why the world’s banking system is unsound, and what differentiates a sound from an unsound bank....
'Time Is Not Our Friend': Solvency & Liquidity Meet Liquency & SolvidityMar 16, 2023 - 08:54:53 PDT
We are hearing a lot about Liquidity and Solvency right now. Often people talk about them as though they are two different things. That can be true at times, but in many cases, there is a complex relationship between the two. That is particularly true for financial companies and banks, which is where this discussion is centered.
"Beyond tired class warfare rhetoric and anti-competitive measures, the Biden administration is attempting to increase not only the size of the state (through more taxing and spending), but also the scope of the state, through misguided commercial and industrial policy." ~ Nikolai G. Wenzel
Mar 16, 2023 - 08:14:33 PDT
Between Biden’s energy policies and massive spending by Biden/Congress, we are seeing the raging effects of inflation on the economy.
Mar 16, 2023 - 08:07:53 PDT
Inflation is projected to remain too high for too long. Therefore, the Governing Council today decided to increase the three key ECB interest rates by 50 basis points, in line with its determination to ensure the timely return of inflation to the 2% medium-term target. The elevated level of uncertainty reinforces the importance of a data-dependent approach to the Governing...
The house is missing just one crucial thing: a buyer. In an effort to lure one, the developers relisted the house for $59 million last month, a 41% reduction from its $100 million price tag in 2018. Sellers are slashing prices for the area’s ultraluxury properties amid a broader slowdown, citing an impending new mansion tax and proposed restrictions on new construction.
For the US government in the 21st century, economic sanctions aren’t merely second nature, they’ve become a central tool of foreign policy.
What is the ground in this analysis? It’s gold. Since gold is not a central bank currency, it’s the only way to measure the dollar objectively.
Gold prices have shot to six-week highs and many analysts expect further gains as turmoil in the banking sector raises the prospect that U.S. interest rates will rise far less than previously thought.
The yellow metal is expected to hold its value through the turbulent times ahead, enabling central banks to diversify from U.S. Treasuries and the dollar.
Mar 16, 2023 - 06:02:27 PDT
Don’t cry for Argentina! Their leaders did this to them. Argetina’s inflation rate just hit 102.5% as their M2 Money printing hit 80% Argentina’s central bank is considering raising its benchmark rate on Thursday for the first time since September after inflation data showed prices increased by more than 100% annually last month...
nitial and continuing jobless claims continue to exist in the 'matrix' of a 'strong economy' as both fell last week (192k vs 212k and 1.684mm vs 1.713mm)....
After an unexpected decline in January, Housing Starts and Building Permits were expected to rebound modestly in February, but they didn't - they exploded back with Starts up 9.8% MoM and Permits up 13.8% MoM...
The collapse of SVB and the turmoil at Credit Suisse will turbo-charge the effects of QT, sealing the case for a US recession that remains underpriced by equity and credit markets.
A bank run conjures images of “It’s a Wonderful Life,” with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money.