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The United States must increase food aid to prevent millions of people starving as Russia's invasion of Ukraine threatens global grain supplies, members of the U.S. Senate's bipartisan hunger caucus said.
Newsom Wants To Give $400 Debit Cards To California Car Owners Because Putin Invaded UkraineMar 24, 2022 - 07:34:59 PDT
Nevermind all that inflation from before...
The province is spending $3.2 billion on one-time payments for 6.4 million Quebecers earning $100,000 or less
Suddenly, Fed chair Jerome Powell is a tough guy.Is he though?Earlier this week, Powell delivered what Reuters called "his most muscular speech to date" on the battle against inflation.
Peter Schiff recently appeared on Kitco News with David Lin to talk about inflation and the Fed's attempt to get it under control. Peter said there is no getting inflation under control. It's already worse than anybody thinks. And it's only going to get higher.
The backstopping of the Ruble with gold can come in many forms and doesn’t have to be a direct peg from the Ruble to gold - it can include accepting payment for oil in gold.
West Could Target Russia's Gold Reserves Over Ukraine, Says Boris JohnsonMar 24, 2022 - 05:56:10 PDT
Boris Johnson has said Vladimir Putin has already “crossed a red line” that merits ramping up the west’s response, suggesting allies must send new weapons to Ukraine, expand curbs on international payments and target Russia’s gold reserves.
After four straight months of growth, analysts expected US durable goods orders to decline in February and they did but far more than expected (tumbling 2.2% MoM vs -0.6% MoM expected).
The fundamental weakness of the U.S. dollar is that it is only valuable through government fiat. This weakness is shared by every other major national currency in the world and is perceived as normal in the modern age.
China’s oil refiners are discreetly purchasing cheap Russian crude as the nation’s supply continues to seep into the market.
The Brazilian real climbed to the strongest level since March 2020, extending its lead as the world’s best-performing currency this year as foreigners pile into the nation’s local assets.
The Swiss National Bank has doubled its inflation forecast for this year, citing tensions including the Ukrainian war, but held fast to its expansive monetary policy on Thursday with the world's lowest interest rates. The SNB is bucking the trend as other central banks hike interest rates to tackle surging inflation, such as in the United States and Britain. Instead it kept its policy rates...
Treasuries and European debt resumed losses after a day of relief, further battering global bonds caught in a historic downturn.
Whipsawing commodity prices and eye-watering margin calls are forcing traders to reduce their activity, driving liquidity out of markets and exacerbating price swings, according to some of the world’s biggest trading houses.
It's the Beginning of the End of Globalization, Say BlackRock's Larry Fink & Oaktree's Howard MarksMar 24, 2022 - 05:31:08 PDT
MW: “I remain a long-term believer in the benefits of globalization and the power of global capital markets,” said the head of the world’s biggest asset manager. “But the Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades.”
The more Russian oil supply comes off the market in the coming months, the higher the chances of a global recession later this year, economists and analysts have started to warn since Russia invaded Ukraine a month ago.
A sharp sell-off in U.S. Treasuries has increased concerns about low levels of liquidity in the $23.5 trillion market, potentially amplifying losses for investors which already had a dire start to the year.
The bond market selloff has exposed the shortcomings of U.S. Treasuries. But would you put your money in China instead?
While the mainstream media and precious metals community continue to believe that the Fed's Money Printing is the root cause of the massive inflation over the past twenty years, this is a myth. In this Gold Member update, I provide the "REAL FACTOR" driving U.S. Monetary Inflation...
Gold rose on Wednesday as unruly inflation and the intensifying Ukraine crisis fed demand for the safe-haven metal.