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The Western narrative that Putin is the bad guy bent on conquering Ukraine is false. Putin had warned the West about not pushing its advantage in Ukraine for over 20 years. While Putin was amenable to NATO expansion, he always drew the line at Lithuania, Ukraine and Georgia. In 2004, NATO crossed Russia’s red line by admitting Lithuania to membership, but there was little Putin could do to stop it.
Russia launched a wide-ranging attack on Ukraine on Thursday, hitting cities and bases with airstrikes or shelling, as civilians piled into trains and cars...
I hold a significant portion of my wealth in nondigital form, including real estate, fine art and precious metals in safe, nonbank storage. That’s not because I’m paranoid or a fanatic prepper. I just think it’s prudent in these times.
Shares in euro zone banks plunged on Thursday after Russian forces launched a full-scale invasion of Ukraine and European Union officials said they would impose new sanctions on Russia.
"We can learn by looking at countries that have employed these strategies before. Inflation in the U.S. has been modest by Argentine standards. To keep it that way, the US must avoid repeating Argentina’s mistakes."
As the International Monetary Fund staff and Argentina advance on talks for a new agreement, the lender’s board is closely following whether the country meets four key criteria that would allow it to receive a large loan.
US new home sales declined -19.3% YoY in January as mortgage rates have risen awfully fast.
Greedy corporations are causing inflation by jacking up prices and enjoying record profits.This has become an increasingly popular talking point on the political left. Elizabeth Warren has pushed this narrative hard.And it's patently absurd.
Chinese defaults on local and overseas bonds rose to a record $43 billion in 2021, according to Bloomberg, led by widespread defaults in the real estate sector.
Feb 24, 2022 - 07:02:17 PST
It has been almost 14 years since The Federal Reserve under Ben Bernanke unleashed zero interest rate policies (ZIRP) and quantitative easing (QE) in late 2008. And Fed monetary stimulypto is still running strong after almost 14 year of monetary mismanagement and asset bubble stimulation.
Overall, the report is largely meaningless as attention has long since turned to how the US economy is performing in Q1 and onward, and it is here that as discussed earlier, storm clouds are gathering; and should the Ukraine war send commodity prices even higher, the resulting global slowdown will surely tip the US into a recession.
Gold & Silver Spike as War Makes the Case for Getting Your Assets Out of DodgeFeb 24, 2022 - 05:47:50 PST
Ukraine and Canada…what do they have in common? As you’ll see in today’s extended video report with Mike Maloney and Jeff Clark, both situations offer tremendous support to the idea of “getting your assets out of Dodge”. Whether it is a kinetic or ideological war, storing your gold and silver outside of the financial system can allow you to be the captain of your ship, the master of your fate… no matter how turbulent the storm.
Gold Within Sight of US$2,035 Record Amid Looming War in Ukraine While Market's 'Fear Gauge' JumpsFeb 24, 2022 - 05:29:44 PST
Gold prices are likely to test the record set in 2020 as heightened geopolitical tensions over a Ukraine invasion, runaway global inflation and stock market volatility fanned demand for safe haven assets, according to State Street Global Advisors (SSGA). The US, which described Russia's move as a prelude to an...
China Refuses To Call Russian Attack on Ukraine an 'Invasion,' Deflects Blame to U.S.Feb 24, 2022 - 05:28:32 PST
“I think strategically China is moving closer to Russia, and China-U.S. relations are deteriorating,” Wang said. “but it could be a crucial moment for the three countries to readjust their relationship with each other.”
Russian Troops Descend on Ukraine As NATO Plans To Deploy Extra Forces in Eastern EuropeFeb 24, 2022 - 05:24:59 PST
Explosions were reported in multiple cities in Ukraine after Russia's Vladimir Putin ordered an attack.
The story of this weaponry is older than those of nuclear power or space missions. Back in the late 15th century, Christopher Columbus discovered America and enabled Spain to loot the gold and silver mines of South America. A century of inflation followed between the mid-16th and mid-17th centuries. Then came banks...
For equity markets, rising inflation was already a big concern. Russia’s attack on Ukraine means those worries just got a whole lot bigger.
U.S. stock futures plunged in pre-market trading Thursday after Russian President Vladimir Putin announced Russian troops would enter Ukraine. The drop follows a tumultuous day on Wall Street that saw all three major benchmarks log their lowest levels this year so far as Russia-Ukraine tensions continued to weigh on...
The Russian rouble tumbled to a record low and European currencies including the euro bore the brunt of selling on Thursday after Russia launched an invasion of Ukraine, sparking dramatic moves across foreign exchange markets. Investors dashed for safe-haven currencies including the dollar, which jumped 0.9%,...
European Central Bank policymakers are gathering on Thursday for what may have become a crisis meeting as Russia's invasion of Ukraine threatens to derail economic growth in the euro zone and complicate the ECB's path out of negative interest rates.