Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The CPI came in at 0.37% for the month of February. While this was in line with expectations, it is still a 4.5% annualized increase in prices.And falling energy prices made the CPI look cooler than it actually was.
February has historically been a big budget deficit month, but the Biden administration still managed to overachieve and run the second-largest February deficit ever. The only time the US government has run a February deficit bigger than the $262.4 billion shortfall last month was in February 2021 in the midst of the COVID stimulus.This raises an important question: between a budding financial crisis and a US government spending problem, how is the Federal Reserve ever going to get price inflation back to its mythical 2% target?
As we start to sort through the fallout of the failure of Silicon Valley Bank and Signature Bank and the government's reaction to it, the next question is: what's next?Government officials and mainstream pundits insist everything is fine now. They say quick government action averted a crisis. But in his podcast, Peter Schiff said this is really just the beginning of the next financial crisis.
STRATEGIC SILVER REPORT MARCH 2023: Disturbing Decline In Global Silver Mine Supply, Rising Costs & Falling Indian Silv...March 14, 2023
There is a disturbing trend taking place in Global Silver Mine Supply. While the industry was forecasting rising silver production, we are seeing quite the opposite take place in some of the leading countries. Peru just reported a stunning 20% decline in January silver production...
Tune in and get Mike's take on everything happening in the markets today including the surge in precious metals, the SVB collapse, potential Fed reactions, and what might be coming next.
All Conversations Return to Gold...
Interest rates around the world felt rather hard, and therefore you started to see precious metals take off to the upside, including silver.
Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank, with the crisis also sparking hopes the U.S. Federal Reserve would have to slam the brakes on its aggressive monetary policy.
Something Broke, but the Fed Is Still Expected to Go Through With Rate HikesMar 13, 2023 - 13:38:53 PDT
Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.
Mar 13, 2023 - 13:33:36 PDT
Steve Hanke, professor of applied economics at Johns Hopkins University, called for inflation to peak at 9% in the U.S. in 2022. He was right. Now, he's predicting that the Federal Reserve will overcorrect its tightening monetary policy, and dire consequences will follow.
SPECIAL REPORT: Silicon Valley Bank - How Worried Should We Be? | Joseph WangMar 13, 2023 - 13:22:31 PDT
The financial world has been rocked over the past few days as Silicon Valley Bank, the nation's 16th largest bank which had $209 billion in assets and $175 billion in deposits as of December, failed with little warning.
On Saturday, dozens of customers were shown lining up outside of a First Republic Bank in southern California, eager to withdraw their funds in the wake of the collapse of SVB this week.
Jeremy Grantham’s World of Super Bubbles Has No Soft Landings: BloombergMar 13, 2023 - 12:12:52 PDT
Federal Reserve policy has been a “horror show” ever since former Chair Paul Volcker stepped down in 1987, resulting in a series of bubbles and crashes, according to Jeremy Grantham, the co-founder of investment firm GMO.
Keynesians and other economists believe the central bank can influence economic growth via monetary policy but that it may bring inflation. Thus, if the goal is faster economic growth and lower unemployment, then the economy may pay the price with a higher inflation rate.
People say government is corrupt. If it were corrupt, it would be acting in ways contrary and detrimental to its purpose, and it would be possible to right the course. In truth, government acts in ways that befit its nature. Today’s governments are states ruling by legal coercion.
The second-largest collapse of a bank in recent history after Lehman Brothers could have been prevented. Now the impact is too large, and the contagion risk is difficult to measure.
Mar 13, 2023 - 11:49:21 PDT
The Fed (Bernanke, Yellen, Powell) kept rates too low for too long (their new moto?), and hell is now being paid. US financial conditions index collapsed on the 3 bank failures … so far. Desp…
Last June, during the European Central Bank forum, the host asked the chairman of the Federal Reserve about inflation.
Mar 13, 2023 - 11:43:06 PDT
The US system of Federal Home Loan Banks is ramping up the amount of cash it has available to deploy as the failure of several US lenders — including Silicon Valley Bank and Signature Bank — stokes expectations that more regional lenders will need to tap it for funds.
Mar 13, 2023 - 09:39:50 PDT
A plunge in the 2-year Treasury yield following SVB's meltdown suggests market expectations that the Fed will end its aggressive interest-rate hikes, according to Mohamed El-Erian.