Gold has all the potential to go unprecedentedly high. But silver will be gold on
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American consumers are spending more, getting less, and borrowing more to fund this involuntary spending spree.Retail sales in March were 7% higher than they were in the stimulus-fueled March of 2021, but thanks to inflation, they didn't get as much bang for their buck.
All of this means that central banks like the Federal Reserve will have to deliver the medicine of higher borrowing costs to tamp down on inflation. In the U.S., Fed Chairman Jerome Powell is on the warpath against higher interest rates, with all signs pointing to a king-sized interest rate increase of 0.50% next month (not done since 2000).
Watch Jeff Clark's MoneyShow presentation to learn about why bubbles keep happening, the conditions that suggest gold & silver could be next, and the stocks with the most upside potential for investing in this trend. Plus – a look at uranium mining stocks and the bullish case for investing today.
New data suggests that the world's oil fields are declining faster than the industry realized. This is terrible news as the world economic growth is likely to peak shortly, leading to ongoing recessions and depressions. Because the Oil Industry underestimated the "Realistic" decline rate of the world's oil fields, it will make a BAD situation... WORSE...
The U.S. Mint produced more than 1 million silver American Eagle (SAE) coins during March. One prominent coin dealer posted on Facebook that, despite this mintage, demand was outstripping supply. For that reason, he doesn’t see the present premium on SAEs changing anytime soon.
The extra compensation investors are demanding to hold America’s most-speculative debt has risen around 50 basis points this month on concern economic growth is slowing and the chance of a recession is increasing.
At the end of March this year the difference between the yield on the ten-year Treasury bond and the yield on the two-year Treasury bond fell to 0.010 percent from 1.582 percent at the end of March 2021.
“We will continue to see rising prices because of the Fed’s reckless policies, unless demand growth subsides, in which case we won’t.”
Tax withholding was the brain-child of World War II era economists in the War Department. It's time to end it.
Pentagon Sees Russia Planning Broader Attacks in Ukraine; Biden Says U.S. Will Send More ArtilleryApr 19, 2022 - 12:31:52 PDT
President Biden held a secure call with allies to discuss the war and continued support for Ukraine.
The Biden Administration blames the “Putin price hike” for elevated prices, particularly energy prices. This is simply more fake news. Don’t get me wrong. The war in Ukraine has contributed to inflation in the short term. But there’s much more to the story, which began way before Russia invaded its neighbor.
Over the course of the pandemic, the Treasury Department issued roughly $6 trillion, $2.7 trillion of which was monetized by the Federal Reserve. Americans were sent $5.1 trillion through various programs, including individual checks and unemployment bonuses. Overall federal debt has since risen by about $6 trillion.
Yellen Blames Russia-Ukraine War for Rising Food Prices, Urges Institutions To Take ‘Concrete ActionApr 19, 2022 - 12:07:24 PDT
Treasury Secretary Janet Yellen on Tuesday blamed the Russian war in Ukraine for a growing crisis over food insecurity and skyrocketing food prices, calling on international institutes to "deepen their response" to risks of hunger around the world.
The Biden administration wants to increase pressure on Russia, but finds increasing resistance to do more. Brazil, Russia, India, and China widely known as BRICs have not bowed to US pressure. Nor have Mexico, Saudi Arabia, or South Africa.
This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.
Right now, the world’s focus is on how hot inflation is running right now. And that’s completely understandable. But in terms of where we should be placing our concern, we may be getting distracted from the true threat.
The Federal Reserve is raising interest rates in a belated response to an inflation that a year ago we were told was transitory and nothing to worry about.
The bottom line is the inflation we’re seeing so far is cost-push inflation resulting from supply chain disruption, bad policy, the pandemic and the war in Ukraine. And nothing the Fed can do will change any of that.
IMF Warns a Spike in Cryptocurrency Trading Could Imperil the Global Financial SystemApr 19, 2022 - 08:31:12 PDT
The IMF highlights the increased use of cryptocurrencies in emerging markets since the start of the pandemic, noting that trading volumes of crypto assets against some emerging market currencies have spiked since the West sanctioned Russia.
On July 23, 2020, CNBC published an article by Elizabeth Schulze headlined: Here's why economists don’t expect trillions of dollars in economic stimulus to create inflation.That one didn't age well, did it?