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The Fed is now cornered courtesy of the coming inflationary recession. Let’s start with the economy first. The 2s-10s yield curve is just a 19.4 basis points away from inversion. The last FOUR times this yield curve inverted the U.S. …
MMT Policy (Modern Monetary Theory), the grand experiment, was tried following the pandemic-driven shutdown of the economy. It failed miserably.
China is developing one of the greatest nuclear weapons forces in history while Russia will exploit every opportunity to undermine the US and its allies, according to the annual threat assessment by the Office of the Director of National Intelligence.
Higher Vehicle, Energy Imports Push January U.S. Trade Deficit to New Record: WSJMar 8, 2022 - 11:52:38 PST
The widening of the deficit reflected a pickup in demand for foreign-made imports as businesses restocked shelves, but demand for U.S. exports weakened.
Mar 8, 2022 - 11:49:50 PST
The shockwaves in global crop markets from Russia’s invasion of Ukraine are now spreading to store shelves.
Now Courted By Biden, Socialist Strongman Maduro Hails "Cordial" US Talks For Oil SuppliesMar 8, 2022 - 10:30:43 PST
The irony is of course that as Washington does an economic full-court press on one strongman in Moscow, it's now looking to bring countries like Iran and Venezuela "out from the cold." The other irony is that Russia remains Venezuela's closest major outside backer, and has been so through past years...
President Biden has just announced a US ban on Russian oil and other energy supplies, suggesting that now is the time to accelerate the transition to "clean energy." As gas prices reach uncharted territory, are Americans being asked to commit economic suicide for Ukraine's "democracy"? Also: More insane "no fly zone" talk from Congress.
Mar 8, 2022 - 09:19:42 PST
The recent U.S. dictates have left little alternative but to start protecting their own political autonomy by converting dollar and euro holdings into gold as an asset free from political liability of being held hostage to the increasingly costly and disruptive U.S. demands.
Mar 8, 2022 - 08:51:05 PST
Davos has to destroy Putin and Russia before Putin destroys Davos. They are fighting on his turf now in both arenas — militarily and financially. And Putin, despite the media blitz to the contrary, has a lot of friends across Asia representing more than half of the world’s population.
Rickards answers a reader’s question regarding the ‘eerie silence’ from the world economic forum of late, explaining the silence comes from them “getting what they want”.
Watch live coverage as President Biden is expected to announce a ban on the import of Russian oil as part of further actions to hold Russia accountable for its actions in Ukraine.
Xi Tells Macron & Scholz China Opposes Russia Sanctions, Warns Crisis "Spinning Out Of Control"Mar 8, 2022 - 07:37:21 PST
Further Xi warned that a spiraling economic war would result in blowback as sanctions over Russia "will deal a blow to the stability of global finance, energy, transportation and supply chain, dragging down the world economy amid the pandemic," according his words, for which immediate stabilizing efforts must be taken by Europe's leaders.
Biden administration’s move to block Russia’s access to its dollar reserves means the post-war financial system will never be the same
The U.S. economy is already deteriorating due to the humongous fiscal and monetary cliffs. These cliffs are now being compounded by the war in Eastern Europe and near record-high inflation. And, the Fed’s “PUT” is much lower and smaller in size than Wall Street believes.
With digital gold acting more like digital lead in recent weeks, as bitcoin and the broader crypto sector trade as high-beta tech stocks perhaps helping tech funds satisfy margin calls, the real gold has no such qualms and after flatlining for much of the past 18 months, has broken out solidly to the upside, and just today spike more than 3%, rising to session high of $2,063.53
The dishonest fiat Federal Reserve Note “dollar” is slowly dying and will eventually need to be replaced with something more trustworthy.
GS citing an increase in demand from consumers, investors, central banks. Due to the rising geopolitical uncertainty.
The trade deficit shattered records in 2021. Things didn't slow down any as we rolled into 2022. The January trade deficit hit another all-time record high.But nobody really seems to care.We should.
We are witnessing the birth of Bretton Woods III – a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West.
Why it matters: The sanctions against Russia have frozen the country's foreign exchange assets, but its stockpile of gold could be a lifeline. A measure to close the loophole is yet another indication Congress is looking to get ahead of the Biden administration on punitive measures against Russia.