Gold has all the potential to go unprecedentedly high. But silver will be gold on
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The idea that The Fed could make dollars that they can counterfeit "as good as gold" was always a fairy tale. The idea that the Fed would create a "stable" currency was always a fairy tale. The idea that the Fed could "run" the economy, or prevent recessions and depressions was always a fairy tale. The Fed destroys the economy and brings about depressions. All fairy tales must come to an end...
China and Russia may be working to take away America’s ‘exorbitant privilege.’
Mar 14, 2022 - 09:15:34 PDT
The Russian central bank reportedly has over 2,000 tonnes of gold. We have seen three arguments repeated many times, both in finance/economic articles and on social media.
Will Russian Gold Sanctions Finally Reveal That the Emperor Has No Clothes?Mar 14, 2022 - 08:52:08 PDT
To begin, there is much propaganda and hysteria about how much economic sanctions applied by Western nations will hurt Russia. Firstly, economic sanctions are an immoral tool of warfare because it always devastates the people that have nothing to do with the war far more than the oligarchs that rule the government upon which sanctions are imposed, as economic sanctions, as a tool of warfare, have never been designed to inflict maximum damage against political oligarchs.
Atlantic Piece Slammed for Arguing Nuclear War Would Kill Millions and 'Prove Disastrous for ClimateMar 14, 2022 - 08:47:16 PDT
If 'you're worried about rapid, catastrophic changes to the planet’s climate, then you must be worried about nuclear war,' the piece read
Mar 14, 2022 - 08:39:01 PDT
Yes, it is the much anticipated Fed Week! The Fed Open Market Committee (FOMC) will announce it decision (probably the first rate hike under Biden of 25 basis points). This morning, the 10-year Treasury yield rose by 11.1 basis points and the Bankrate 30Y mortgage rate rose to 4.33%.
Mar 14, 2022 - 08:35:16 PDT
Well, so much for rising gasoline prices being the fault of Vlad “The Ukrainian Impaler” Putin and Russia invading Ukraine. In fact, gasoline prices were rising at a 62% YoY pace in April 2021, well before Russia’s invasion of Ukraine.
Mar 14, 2022 - 08:26:49 PDT
US Speaker of the House and American Oligarch Nancy Pelosi together with Senate Majority Oligarch Charles Schumer passed yet another massive spending bill that seemingly benefited them and not the American middle class.
Mar 14, 2022 - 08:23:50 PDT
Credit Suisse’s Zoltan Pozsar wrote an interesting research note on how the Russia invasion of Ukraine and the G7’s response is causing a major upheaval of the global financial order.
Mar 14, 2022 - 08:22:02 PDT
World Economic Forum’s elitist Klaus Schwab approves of this message!
Given such a high correlation to asset prices, logic would state that any contraction of the Fed’s balance sheet will negatively impact markets. As shown below, such has repeatedly been the case each time QE programs have concluded.
China Says "No One & No Force" Could Stop It From Taking Taiwan As 13 Jets Breach Taiwan AirspaceMar 14, 2022 - 08:07:44 PDT
With a close eye on Ukraine developments, China issued another warning clearly aimed at Washington as well as its major regional partners like Australia over the weekend which said any nation supporting Taiwan militarily will suffer "the worst consequences".
Gold is playing its age-old role as a safe haven in times of wars and crises, and people all over the world are piling in.
The best performing precious metal for the week was silver, up 1.36% on the good gold tape. Gold climbed to a 19-month high above $2,000 an ounce amid mounting concerns over inflation and continued geopolitical tension between Russia and Ukraine.
With the conflict adding to existing inflationary pressure across commodities markets, gold is playing its traditional role for investors seeking to escape from volatile equity markets, analysts say.
More than two weeks into a war he expected to dominate in two days, Vladimir Putin is projecting anger, frustration at his military’s failures and a willingness to cause even more violence and destruction in Ukraine, in the assessment of...
Bond markets tumbled Monday as investors anticipated the inflationary impacts of the war in Ukraine will spur aggressive monetary tightening across the developed world.
Russian Prosecutors Warn Western Companies of Arrests, Asset Seizures: WSJMar 14, 2022 - 05:53:00 PDT
McDonald’s, Coca-Cola, P&G and IBM among those warned that leaders could be arrested, trademarks seized.
If you thought the federal government running a budget surplus in January was a sign that Washington D.C. was getting its fiscal house in order, you're going to be disappointed.Uncle Sam ran the biggest deficit since last July in February.
U.S. National Security Adviser Jake Sullivan warned Beijing that it would "absolutely" face consequences if it helped Moscow evade sanctions over the war in Ukraine.