Gold has all the potential to go unprecedentedly high. But silver will be gold on
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You're making more money. But you can't buy as much stuff.Why?Because inflation continues to eat away at your wages.
The US government is rolling in dough!US tax receipts have surged this year. Through August, the US Treasury had collected over $4.4 trillion in revenue for fiscal 2022 with one month left to go. That was already 10% higher than receipts in 2021. The US government took in $303.73 billion in August alone. That was up 23% from August 2021.
The Federal Reserve is between a rock and a hard place, and it's going to have to make a hard choice - inflation or economic implosion. Peter Schiff talked about it on his podcast.
Join Mike Maloney in today’s update featuring an update on the ‘Almost Everything Bubble’, as well as Mike’s latest thoughts on gold, silver and the US dollar - where are they headed?
Gold Will Be Needed More by Governments in the Future To Shore Up Their Failing Fiat StandardOct 18, 2022 - 13:12:49 PDT
"There is little doubt that #gold will be needed more by governments in the future to shore up their failing fiat standard, and desired more by individuals as money of last resort in case they don't and as store of value." (Robert Mundell, 1999 Nobel Memorial Prize of Economics)
Percentage of original value relative to gold in 1900, scale log-10.
Gold Commodities Market Could Enter the Blockchain, According to New Industry InitiativeOct 18, 2022 - 13:05:31 PDT
A partnership between the World Gold Council (WGC) and Swiss-based DLT infrastructure and application provider aXedras Group could make gold trading more accessible and streamlined, though insiders are skeptical, according to a Bloomberg report Sunday. See related article: Diamond Standard raises US$30 mln to ramp up tokenized asset distribution Fast facts The WGC’s initiative “Gold247” […]
Delegates from around the world meeting at the London Bullion Market Association's annual precious metals conference in Lisbon predicted that gold prices would rise to 1,830.50 an ounce in a year's time, up from around $1,650 on Tuesday.
Searing inflation is driving Americans to make more purchases on their credit cards, leading leading them to amass more debt that is becoming costlier as the Federal Reserve hikes interest rates.
The Senate’s version of the 2023 National Defense Authorization Act (NDAA) will include $10 billion in military aid for Taiwan, Defense News reported on Monday.
Oct 18, 2022 - 12:41:18 PDT
Senators introduced an amendment to the Senate version of the 2023 National Defense Authorization Act (NDAA) that would give the Pentagon wartime procurement powers, allowing it to purchase more arms for Ukraine.
The longstanding troubles of Credit Suisse recently grabbed the attention of amateur investors whose social media posts sparked fears that the bank was running out of money.
'The central bank does not want investors to believe that its dedication to fighting inflation is beginning to crack. If market players think that, financial conditions might ease working at cross purposes to the Fed's goals.'
The Bank of England is set to delay the sale of billions of pounds of government bonds in a bid to foster greater stability in gilt markets following the UK's failed "mini" Budget.'
Central Bank Digital Currencies (CBDCs) are coming. History shows that technology has never been stopped, nor restrained, for a significant length of time. Governor Christopher J. Waller commented on some of the risks and benefits that CBDCs can offer. He weighed ideas such as security concerns and how foreign and domestic CBDCs would impact the vital role the American...
In other words, even if the U.S. isn’t facing the kind of immediate pension panic that just rocked the U.K., our long-term pension crisis is much bigger.
To reflect higher inflation, the agency implemented adjustments to key tax code parameters for 2023 such as the standard deduction and the income thresholds where tax rates take effect.
Oct 18, 2022 - 11:46:47 PDT
Biden is pulling out the political guns by 1) ramping up student loan forgiveness … again and 2) releasing 10-15 million MORE barrels from the Strategic Petroleum Reserve to lower gasoline prices. Particularly after his failed attempts to get the Saudis to pump more oil (too bad Biden put the kabash on US energy exploration and cancelled the Keystone pipeline).
Inflation, Yes — But How Much? They want inflation to live up to its reputation as the “silent thief.”
US Homebuilder Confidence Collapses In October, Future Sales Hope Hits Decade-LowsOct 18, 2022 - 08:43:36 PDT
This the 10th straight monthly decline in homebuilder confidence - the longest losing streak since data began in 1985.