Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Mar 10, 2022 - 13:03:35 PST
Jeff Currie, global head of commodities research at Goldman Sachs, says gold demand is the strongest he has ever seen. Currie has a price target of $2,500 an ounce. He speaks during an interview with Bloomberg's Guy Johnson and Kailey Leinz on "Bloomberg Markets."
This will lead to defaults in the West and could even mark the beginning of a global liquidity crisis that can only be contained by Federal Reserve currency swap lines, like we saw in the early stages of the pandemic when markets were collapsing.
No, Inflation Is Not "Transitory," and It Is Worse than the Government Admits: MisesMar 10, 2022 - 12:19:40 PST
It makes the CPI (Consumer Price Index) artificially lower (by making changes in the methodology) and benefits from it in several ways (increasing its revenues while the voters don’t realize they are being lied to and losing their purchasing power).
Such stimulus checks from governors are seen as a way to attract voters. It is not a secret that voters love direct stimulus checks.
West Has Defaulted on Its Financial Obligations to Russia: Finance MinisterMar 10, 2022 - 12:10:34 PST
A full-scale economic war has been launched against the country, Anton Siluanov says
As inflation spiked over the past year, commodity prices started rising dramatically from their multi-year lows.But following the outbreak of war in Ukraine, the prices of all major commodities -- from oil to gas to gold to nickel to wheat -- have positively gone berserk.Many of them are up 20-40% (and some a lot higher) in just the past two weeks.In trying to understand where things are headed, we consult Jim Rogers, legendary international investor, financial commentator and author of several books including the best-seller "Hot Commodities".Well, commodities are s
After next week’s hike, the Fed should hit pause for at least the next several months and possibly through the summer — even though the war in Ukraine will no doubt make inflation worse in the U.S.
Mar 10, 2022 - 11:40:11 PST
The flexible cut of the CPI—a weighted basket of items that change price relatively frequently—increased 19.76 percent (annualized) in February. If we added the U-3 unemployment rate, we get a MISERY Index under Biden of 23.56%, highest in modern history. Worse than Carter-era inflation & malaise.
Imagine How Many People Won't Want To Be Part Of A Digital Dollar System: Michael EveryMar 10, 2022 - 11:35:08 PST
Imagine the centralized power of the dollar’s global hegemony AND the power to switch access to it and off instantly, as happened with Russia’s ‘analogue’ FX reserves. And imagine how many people won’t want to be a part of that geopolitical system. (Or of a Chinese or Russian equivalent when they are rolled out.)
First it was $6 billion, then Biden made it $10 billion, then the US House upped the ante again: more than $13 billion US taxpayer dollars will be shipped to Ukraine. As Americans are ravaged by inflation at the supermarket and skyrocketing gasoline prices, will they still cheer for their money being sent overseas?
The latest seasonally adjusted inflation rate for January was 0.8% month over month, with a non-seasonally adjusted annual rate of 7.87%. Both of these numbers came in slightly above expectations.Unlike last year, where one component made up the bulk of the move, the past several months have shown increases more evenly spread across the CPI. This shows that inflation continues to become more widespread.
While higher gas prices may be welcome news to the oil industry, the rest of us should be concerned as it is a glaring recession warning. Over the last 40 years, higher gas prices have been linked to economic stagnation and recession.
Mar 10, 2022 - 08:38:12 PST
DCash -- the digital version of the Eastern Caribbean dollar used by eight island nations -- resumed functioning Wednesday after being down for almost two months.
The association's annual "Stress in America" poll, published Thursday, found that U.S. adults — already weary from two years of the Covid-19 pandemic — are now overwhelmingly troubled by inflation and the war in Ukraine.
For 40 years the IRS has tried and failed to update its main computer system. Regardless of funding level and regardless of who controls the White House & Congress, the bureaucracy is simply unable to pull it off. The IRS & progressive Democrats continue to plead poverty and pretend the failure is due to insufficient funding rather than incompetence.
In its fact sheet, the administration said it also would take steps to “mitigate the illicit finance and national security risks posed by the illicit use of digital assets by directing an unprecedented focus of coordinated action across all relevant U.S. Government agencies to mitigate these risks.”
The odds that Chair Jerome Powell can avoid forcing the economy into a recession are getting longer by the day.
Making your entire economy a Landfill Economy dependent on the fantasy of infinite replacements and substitutions is the height of hubris and folly.
Historically, our largest deficits were caused by increased spending around national emergencies like major wars or the Great Depression.
"The aggressive tone aside, the emphasis on a fiat mindset – one where you get something for nothing and can have something merely by decree – is valuable. The thesis remains unproven, but the proposition lingers long after the final page." ~ Joakim Book