Gold has all the potential to go unprecedentedly high. But silver will be gold on
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No one truly knows what will exactly happen with the American economy in the next year or two.
For more than a decade, Chinese developers' debt-fuelled construction boom enriched the country's shadow banks, who were eager to capitalise on the needs of an industry desperate for credit and too risky for traditional lenders.
Japan’s Wholesale Inflation Near Steady at 9.3% As Commodity Prices EaseDec 12, 2022 - 05:42:59 PST
Japan's November wholesale prices rose 9.3% from a year earlier, data showed on Monday, a rate of increase that was almost unchanged from the previous month and showed initial signs of an inflation peak amid easing global commodity prices.
The Federal Reserve is expected to increase its benchmark rate at a midweek policy meeting.
When the October CPI came out, the mainstream spin was that inflation had peaked. But they might have gotten a little ahead of themselves. The Producer Price Index (PPI) data for November indicates that we may well see more consumer price inflation down the road.
President Joe Biden said Americans are becoming more optimistic about the economy. He said that's part of the "broad story about the economy we're building that works for everyone." Peter Schiff has a different take on the economy. He recently appeared on The Megyn Kelly Show to talk about it.
U.S. INTEREST EXPENSE UP 50% IN TWO MONTHS: Nearly Same As The Total Value Of World Transparent Silver HoldingsDecember 12, 2022
The U.S. government just released its November Treasury Statement with a shocker that the Debt-Service Interest Expense surged 50% in the first two months. This is a great deal of money when it equals nearly the same value for World Transparent Silver Holdings...
Financial advisor Lance Roberts and Wealthion host Adam Taggart discuss everything that mattered to markets this week.
ENERGY & METALS UPDATE DEC 11th: Europe Wind Failure Armageddon & What's Happening With Precious Metals & OilDecember 11, 2022
It looks like the European Energy Crisis may be heading into STAGE 2 with the collapse of wind power this winter. What I call, Wind Power Armageddon is hitting Europe now, pushing natgas prices up 40% higher than just a month ago. What's bad news for Europe is good news for the USA...
These diminishing vaults stock levels do not appear to be linked to increased demand in the West. Silver ETF demand has been sidelined, yet there have been substantial withdrawals of physical silver from both Comex and London vaults.
The Federal Reserve will fail to bring core inflation below 3.0% in the current cycle shows new research unless they deliver "9% overall of monetary tightening", paving the way for a successive cycle of rate hikes that will take interest rates to levels investors are not prepared for.
With US and global debt exploding prior to both assets and debt imploding, let us look at the disastrous consequences for the US and the world. Debt explosion leading to the currency becoming worthless has happened in history for as long as there has been some form of money whether we talk about 3rd century Rome, 18th century France or 20th century Weimar Republic and many many more.
More and more, it’s looking like my thesis of a massive shift in the global economic order taking place - along with a challenge to the U.S. dollar as global reserve currency - is playing out before our very eyes.
South Africa’s Absa Bank Limited will list new units of the gold-backed exchange-traded fund (ETF) after investors bought all that had been supplied on the Nairobi Securities Exchange (NSE).
Developing countries face a dilemma. Most have run up public indebtedness in a sensible response to the global recession induced by COVID-19 lockdowns. This has led to a deterioration in creditworthiness but saved their economies and protected their most vulnerable citizens.
BlackRock: Prepare For Recession "Unlike Any Other"... And What Worked Before "Won't Work Now"Dec 9, 2022 - 11:52:28 PST
The world's largest investment manager has gone all in - and says a global recession is right around the corner. What's more, the financial tricks deployed by Central Banks in the past 'won't work this time.'
Deflation, Rather Than Inflation, Is Currently The Main Risk Faced By ChinaDec 9, 2022 - 11:51:21 PST
In stark contrast to last year, China is now having a positive impact on global inflation dynamics. Weak domestic demand, price declines in raw materials and the return to more normal supply- and logistics conditions, have resulted in China exporting deflation once again. This was evident in the country's large trade surpluses, which were updated on Wednesday, and in this morning’s producer and consumer price inflation data.
The Jobs "Boom" Isn't So Hot When We Remember Nearly Six Million Men Are Missing from the WorkforceDec 9, 2022 - 11:35:35 PST
Last week, the employment news was all about how payrolls increased by 269,000 jobs and blew past expectations. Yet, when we looked at the actual number of employed persons, it turned out that the number of employed people has gone down in recent months.
If there is one point on which there should be no political parsing, no legal jockeying, and no disagreement, it is this: for anyone to advocate terminating or suspending the Constitution is tantamount to a declaration of war against the founding principles of our representative government and the rule of law.
Dec 9, 2022 - 11:21:59 PST
It’s beginning to look like some bad actors are deliberately taking steps to guarantee a coming global food crisis. Every measure that the Biden Administration strategists have been making to “control energy inflation” is damaging the supply or inflating the price of natural gas, oil and coal to the global economy. This is having a huge impact on fertilizer...