Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Borrowers with low credit scores are falling behind on their car payments in numbers unseen since 2010.
U.S. stock futures were in a downswing Tuesday morning to start a busy holiday-shortened week of trading jammed with retail earnings, Federal Reserve meeting minutes and an important inflation reading.
Retail Investors Pour $1.5 Billion Each Day Into US Markets, The "Highest Amount Ever Recorded"Feb 21, 2023 - 05:25:37 PST
For much of the waning days of 2022, the broader theme in markets was a downbeat one, especially for one group of habitual gamblers investors: after a stellar 2021 when nothing made sense and the junkiest of companies exploded higher steamrolling shorts, for retail investors 2022 felt like the polar opposite: a relentless series of gut punches which knocked the air out of basement dwelling daytraders and crushed some of the most popular retail names.
Bond investors are starting to trim holdings of U.S. debt to brace for a possible government default that they see as highly unlikely but potentially seismic for financial markets around the world.
The American people and investors in particular are not prepared for any of this. They should be. It’s becoming increasingly likely.
China Foreign Minister Warns Against ‘Fuelling the Fire’ Over Ukraine ConflictFeb 21, 2023 - 05:18:30 PST
China’s new foreign minister has accused the US of shifting blame for the Ukraine war on to China, in an apparent pushback against warnings from Washington that China is considering supplying weapons to Russia.
Feb 21, 2023 - 05:17:00 PST
Russian President Vladimir Putin is due to make a speech on Tuesday setting out aims for the second year of his invasion of Ukraine, a day after U.S. President Joe Biden walked the streets of Kyiv promising to stand with Ukraine as long as it takes. Following his surprise visit…
Putin Suspends New START Nuclear Treaty, Puts Missiles On Combat ReadinessFeb 21, 2023 - 05:15:17 PST
"President Vladimir Putin on Tuesday suspended Russian participation in the last remaining nuclear arms control treaty with the United States, warning Washington that Russia had put new ground-based strategic nuclear weapons on combat duty," Reuters reports of the new declaration.
Amid simmering tensions between Washington and Beijing, Secretary of State Antony Blinken met with his Chinese counterpart Wang Yi at the Munich Security Conference on Saturday. After the White House ordered the military to shoot down a Chinese balloon which floated over the continental United States, there was a major breakdown in diplomacy. Previously, US …
Virtually everybody agrees that government spending is necessary to support the economy and society in general. We may debate vigorously about what exactly the government should spend money on, but few people will entertain the thought that maybe the government shouldn't spend money at all. Most fail to even acknowledge that even the best government spending comes with a cost.
One of the characteristics of gold is that it preserves wealth in a world of constantly devaluing fiat currency.Put another way, it preserves your purchasing power over time.
The way Thomas Jefferson handled the national debt should serve as a blueprint for today. But instead, modern presidents look more like college students on a spending spree with their first credit cards.
The January CPI report threw cold water on the idea that the Federal Reserve has inflation under control. While the headline annual CPI came down a tick to 6.4%, month-on-month prices rose by 0.5%. After the data came out, Peter Schiff appeared on NTD News to explain why inflation is going to get even worse.
After charting its biggest increase since 2007 in the third quarter, household debt surged again in Q4 as Americans try to borrow their way out of the squeeze soaring price inflation has put on their wallets.Total household debt rose by $394 billion in the last quarter of 2022, according to the latest New York Fed Household Debt and Credit report. It was the biggest quarter-on-quarter rise in two decades.
Despite the hotter-than-expected CPI report, the mainstream still seems convinced that the Federal Reserve can get inflation under control and bring the economy to a soft landing. But Peter Schiff argues that the central bank can't win this fight - at least not without crashing the economy. Since the Fed isn't willing to do that, it won't go all-in. In effect, the Fed brought a knife to an inflation gunfight.
FRESNILLO CASE STUDY: The Massive Amount Of Energy, Water & Materials To Produce Gold vs. SilverFebruary 20, 2023
The idea that the value of gold is just tied to what a consumer will pay totally disregards how important energy is for determining the cost and market price of king monetary metal. This is a "MUST SEE" Report on the massive amount of energy it takes to produce gold versus silver...
METALS & ENERGY UPDATE FEB 19th: Will The Natgas Supply Glut Continue & What's Possible Short-Term Trend For Gold...February 19, 2023
With the recent selloff in the precious metals, investors are curious to know what is the short-term trend from here. Also, the Energy Markets continue to be volatile as the price of natural gas hit a two-year low. If we look at the fundaments of the energy and metals market, what do they show...
Those Who 'Master' Artificial Intelligence, Synthetic Biology Will Be "Master Of The World": Klaus SchwabFeb 17, 2023 - 13:26:38 PST
Klaus Schwab, chairman of the World Economic Forum (WEF), during an event in Dubai, called on global governments to work together and control new technologies like artificial intelligence (AI) to decide the fate of humankind, contradicting Musk’s recent warning at the same event.
El-Erian Says Fed Needs To Raise 2% Inflation Target Or It Will "Crush The Economy"Feb 17, 2023 - 13:25:55 PST
Recall back in September, when we wrote that "The "Scariest Paper Of 2022" Reveals The Terrifying Fate Of Biden's Economy: Millions Are About To Lose Their Job" we reminded readers of what we wrote last June, when we said that "at some point Fed will concede it has no control over supply. That's when we will start getting leaks of raising the inflation target"...
The consequences of Russia and her Asian allies embracing gold backing for their currencies are poorly understood in western capital markets. This move could lead to the destruction of the global fiat currency system. According to evidence which is widely ignored in western capital markets, a move by Russia to put a new trade settlement currency and possibly the rouble as well...