Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Mar 7, 2022 - 09:29:13 PST
Only self-sufficiency affords total independence. And the Big Picture has also been keenly understood by the Global South.
It’s clear that the Biden Regime is committed to sadistically collapsing the United States, with White House Press Secretary Jen Psaki, Transportation Secretary Pete Buttigieg and Energy Secretary Jennifer Granholm all saying over the past week that the world war simmering in Ukraine will not derail the WEF’s genocidal Green New Deal.
The Fed is trapped and has no choice but to tighten monetary policy since inflation is suffocating the finances of many U.S. households. Like all other Fed tightening cycles, this one will end in a deflationary crash as the Fed, once again, will send the economy into a recession, if not worse, another financial crisis.
Mar 7, 2022 - 09:12:37 PST
Volcker’s words remind us of the Hoogduin and Goodhart warnings: central banks are trapped. As they try for an exit, central bankers may bring off a great escape. Equally, they may trigger a great monetary reset.
People haven’t yet cut back broadly, but they are poised to trim spending on groceries, big-ticket items and mid-market clothing.
Russia-Ukraine War Puts Fed Further Behind Inflation Curve, Former Insider WarnsMar 7, 2022 - 08:48:45 PST
Former Kansas City Federal Reserve President Thomas Hoenig warned on Monday that the world is in an "economic war" amid the conflict between Russia and Ukraine and that the United States and the West face "major challenges."
The Bank of Russia said it will start purchasing gold again, just under two years after it ended a long-running buying spree that helped prop up bullion prices last decade. The central bank will begin buying gold again on the domestic precious metals market, it said in a statement.
In bright sunshine, a long queue of shoppers snaked outside an IKEA store near Moscow late last week. Similar scenes were repeated across Russia as families rushed to spend their fast-depreciating roubles at the Swedish retailer which is exiting the crisis-hit country.
Russia's rouble tumbled to a fresh record low in thin offshore trade on Monday, with local markets closed for trading until at least Wednesday.
A sustained downturn could squeeze state and local government budgets.
World food prices hit a record high in February, led by a surge in vegetable oils and dairy products, to post a 20.7% increase year-on-year, the U.N. food agency said on Friday.
Traders piled into options that oil could surge even further after rising to the highest since 2008, with some even placing low-cost bets that futures surpass $200 before the end of March.Most Read from BloombergStakes Rise as Putin Says His War in Ukraine Will ContinueUkraine Update: U.S. May Go Alone on...
Bill Ackman Says Russia's Attack on Ukraine Means World War III Has Likely Already StartedMar 7, 2022 - 08:11:53 PST
Billionaire hedge fund manager Bill Ackman has warned that World War III has "likely started already" amid Russia's ongoing attack on Ukraine.
China Agriculture Minister Says Winter Wheat Condition Could Be Worst in HistoryMar 7, 2022 - 08:10:17 PST
The condition of China's winter wheat crop could be the "worst in history", the agriculture minister said on Saturday, raising concerns about grain supplies in the world's biggest wheat consumer.
While the Treasury's assessment was cheerful, we bring readers' attention to a chart we have published several times and which shows that liquidity of the emini S&P futures, arguably the most actively equity futures contract, has collapsed to levels last seen during the March 2020 crash and has yet to recover.
t is entirely accurate to say that the U.S. is addicted to waste and distant sources of essentials.
Even Soaring Wages Got Crushed by Inflation in Hot Labor Market: Fed Gets More Rate-Hike AmmoMar 7, 2022 - 08:00:27 PST
Production and nonsupervisory employees had biggest year-over-year wage gains since 1982, but they too were outrun by inflation.
China warned the U.S. against trying to build what it called a Pacific version of NATO, while declaring that security disputes over Taiwan and Ukraine were “not comparable at all.”
Gold Briefly Crosses $2,000 Mark, Palladium at Record High on Ukraine CrisisMar 7, 2022 - 06:30:40 PST
Gold prices briefly scale the $2,000 level for the first time in 1-1/2 years as investors rushed to safety in the wake of an escalating Russia-Ukraine crisis.
Stephen Roach Says Russian Default Would Hit Emerging Markets — And ChinaMar 7, 2022 - 06:28:43 PST
Effects from any default on Russia's sovereign debt as a result of the Ukraine crisis would spill over to emerging markets, economist Stephen Roach warns.