Gold has all the potential to go unprecedentedly high. But silver will be gold on
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“You can't make another gold," as it stands unique among all safe haven opportunities, Mancini concludes.
Cyberattacks. Inflation. Pandemic. Is your money safe?
Now that rapidly rising inflation makes the continuation of the program untenable, those risks could now finally materialize in a way we haven’t seen as of yet. At the very least, it could mean that volatility in the stock market could be elevated for the foreseeable future.
Sadly, everyone is a trillionaire in Zimbabwe. We can only hope it will never come to this, but there’s nothing to show us it won’t. Yet it lies within the realm of possibility that our children, or our children’s children will all be trillionaires. And should this day ever come to pass, they’ll all remark how: “a trillion dollars ain’t what it used to be.”
In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop take a look back at previous statements by current members of the Fed. For years, the Fed said the biggest problem was a lack of inflation. Now, with inflation at historic heights, is there any reason to believe the Federal Reserve is prepared for what to do next?
California Port Chief Warns China Lockdowns Are ‘Concerning’ for Global Supply ChainApr 14, 2022 - 12:34:48 PDT
China’s zero-COVID policy will ‘definitely’ have an impact on the supply chain, Port of Long Beach director says
The 30-year fixed-rate mortgage sits at 5%, up from 4.72% last week, according to the mortgage-lending giant's latest weekly Primary Mortgage Market Survey. At this time last year, the average was at 3.04%.
There was a big change in consumer spending patterns in March towards gas and away from other goods.
Former U.S. Treasury Secretary Lawrence Summers said President Joe Biden’s administration should prioritize other international economic challenges before it decides to focus on China.
Apr 14, 2022 - 12:13:20 PDT
"Washington policymakers need to put America—its people, territory, liberties, prosperity, and security—first. To retake its claimed role of global leader Washington paradoxically will have to relearn the value of humility."
The proposed defense budget reaches $813 billion, and politicians still can’t think critically about how to spend it.
Apr 14, 2022 - 11:59:59 PDT
According to Politico, the Biden Administration is considering sending a cabinet-level official - and possibly even Biden or Harris - to Ukraine as a show of solidarity with Kiev. As such a move would include a sizable US military guard, there is incredible risk with near-zero gain in such a symbolic move. Also today: Enjoying that inflation? Biden's sending ANOTHER near-billion dollars to Ukraine! Finally, US increasing targeting intel sharing with Ukraine - including in Crimea! Escalation on top of escalation.
How the coronavirus is creating a political opportunity to overturn one of the worst practices of the kleptocracy era
Biden’s Approval Falls to New Low Amid Economic Pessimism, Inflation WoesApr 14, 2022 - 08:44:50 PDT
President Joe Biden’s approval rating touched a new low of 38%, according to the CNBC All-America Survey.
This also marked the first time that federal tax collections have exceeded $2 trillion in the first half of a fiscal year.
Apr 14, 2022 - 08:36:17 PDT
Two-year rent data showcase how the map of the U.S. economy shifted to the Sun Belt and away from expensive coastal cities and technology hubs during the pandemic.
Most people would be horrified by a 40% decline in their "investments." When bubbles pop, speculative assets don't drop 40%, they drop 90% or even 98%.
Apr 14, 2022 - 08:04:59 PDT
Mortgage interest rates continue their meteoric rise (along with home prices), the result of which is a tanking of consumer confidence in home buying. The University of Michigan survey of consumers about buying conditions for housing remains depressed due to rising mortgage rates and surging home prices.
Apr 14, 2022 - 08:01:38 PDT
Export prices by end us YoY is up to 18.8%, the highest in recorded history (or since 1983 when they started recording export prices).
Apr 14, 2022 - 07:53:46 PDT
The bottom line is that inflation losses are far outweighing the employment gains, resulting in elevated misery.