Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Mar 9, 2023 - 11:46:38 PST
It's more than a bit unusual to plot thousands of units and billions of dollars on the same axis, but the chart conveys the important ideas.
Bloomberg reports that Biden’s proposal would increase funding on a bevy of government programs, extending the solvency of Medicare, lowering prescription drug prices, and cutting the deficit by $3 trillion over the next decade.
The year 2023 seems a turnaround year for the world economy: Not only in the real estate sector, where prices are on the rebound. Indeed, inflation and the interest rate hike will still be the focus, at least for the first half of 2023; recession, if any, should be later. The picture is getting clearer: inflationary pressure stems mainly from the strong labour and spending markets. Nevertheless...
Ryan McMaken and Tho Bishop look at how the regime's narrative on foreign policy is failing, and how some in Congress are finally standing up to the warfare state. Yet, the regime wants more US wars in Syria, Ukraine, and now even Mexico. And you will pay for it all. Will the voters demand a more sane foreign policy in 2024?
Money Supply Growth Went Negative for the Third Month in a Row, and Is Near a 35-Year Low | Ryan McMakenMar 9, 2023 - 08:32:20 PST
Money supply growth fell again in January, falling even further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. January's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.
As the State of the Union address and subsequent pronouncements have made clear, American politics is in the firm grip of fiscal illusion.
The Debt Ceiling Charade Amid Screams About Social Security: Miller on the MoneyMar 9, 2023 - 08:00:05 PST
During the State of the Union Address the president said the Republicans want to cut Social Security. Several boos were heard; Rep. Marjorie Taylor Greene shouted “liar!”
As we’ve all heard many times, history never repeats exactly. This time around, commercial real-estate is where all the naked swimmers are showing up, and the big reveal has arrived almost overnight like a tsunami, sucking all the water out of the bay. carrying more than a few swimmers out with it.
Are you too poor for the basic human necessity of shelter in Biden’s America? The average home price in Q4 of 2022 was $535,800, according to the St. Louis Fed. If you live in a highly desirable area, expect to pay more. To simplify the math, let’s say that you are looking to purchase a $500,000 property.
Credit Card Debt Is at an All-Time High, Putting Households Near ‘Breaking Point,’ Study ShowsMar 9, 2023 - 07:51:05 PST
Credit card debt hit a record $930.6 billion at the end of 2022, putting households' finances near a projected breaking point, a new report finds.
Mar 9, 2023 - 07:50:02 PST
As Americans are painfully aware, inflation is still haunting us. Despite Administration proclamations that inflation is declining, it is rising again. And with rising inflation (and an overheated labor market), The Federal Reserve is in full counterattack mode, withdrawing stimulus and raising rates.
'The Oracle of Omaha' sees a growing risk of 'runaway inflation.' Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.
In This Short Video the 3 Stooges Demonstrate Exactly How Fractional Reserve Banking WorksMar 9, 2023 - 06:55:37 PST
And why it’s ludicrous. Today the reserve rate isn’t $10 for $60, it’s $0 for infinite dollars.
That’s why we say all money is CREDIT.
I firmly believe Rothbard’s conclusion is particularly relevant to our times, that markets are right to bet on a Fed bailout in times of trouble but that they grossly underestimate the economic damage and inflationary impact it would have.
WTF Chart Of The Day: Jobless Claims Finally Rise As Layoffs Soar At Fastest Pace 'Since Lehman'Mar 9, 2023 - 05:57:45 PST
According to Challenger Gray & Christmas, U.S.-based employers announced 77,770 job cuts in February. It is 410% higher than the 15,245 cuts announced in the same month last year. February’s total is the highest for the month since 2009...
A classified Pentagon wargame simulated a Chinese push to take control of the South China Sea. The Air Force officer, charged with plotting the service’s future, learned that China’s well-stocked missile force had rained down on the bases and ports the U.S. relied on in the region, turning American combat aircraft and munitions into smoldering ruins in a matter of days.
U.S. President Joe Biden's budget for fiscal 2024 will be released on Thursday. While the document is always a bit of a wish list, and especially so given the current divided Congress, the Democratic president's spending and revenue priorities will be key factors in upcoming negotiations with Republicans over raising the debt ceiling.
Capital gain rates would nearly double in president’s plan Biden seeks to roll back Trump tax breaks on business, rich
U.S. Won’t Reach a New Record in Oil Production ‘Ever Again,’ Says Pioneer Natural Resources CEOMar 9, 2023 - 05:51:51 PST
The White House has pushed oil companies to produce more oil to bring down gas prices, but a top oil CEO says there is isn't much room to grow.
The United States worries that China will use its power in global supply chains as an additional weapon to advance its political and military might, a report released Wednesday showed.