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TEXAS SUFFERS MAJOR ELECTRIC GRID BLACKOUTS: You Can Blame Frozen Wind Turbines For That OneFebruary 15, 2021
The frigid cold air has been blamed for record electric consumption, forcing rolling Blackouts across Texas. However, the major culprit may not be due to the record electricity demand, but rather, frozen wind turbines. While it's true that Texans are using record electricity to keep warm during record cold...
The Silver Market seems to be heading for a shortfall in supply which could potentially be very explosive for the price. Something seems to have changed in the silver market this past year as investors are buying both physical and global ETFs. This has caused a tightness in the wholesale silver market...
Feb 12, 2021 - 12:57:19 PST
For the first time ever the total value of the U.S. equity market is worth twice as much as the real economy. A true financial bubble. Previous highs of the equity to GDP ratio were followed by significant gains in the price of gold. This time around I expect the gold price to rise as well.
Feb 12, 2021 - 12:53:09 PST
Since Covid and The Federal Reserve altered markets back in February/March 2020, we have seen stock market volatility rise then decline (purple line) while trading volumes have risen in January 2021. Boatloads of monetary stimulus …
The Federal Reserve, the central bank for the United States, was signed into law by President Woodrow Wilson on December 23, 1913. And consumer purchasing power has dropped ever since to an all-time low.
Feb 12, 2021 - 12:44:41 PST
The Idaho State House today overwhelmingly approved a bill which enables the State Treasurer to protect state reserve funds from inflation and financial risk by holding physical gold and silver.
Any party that controls money can control the world. One solution is to abolish the Fed. Another solution is to abandon the money and move to something the Fed cannot control — gold.
Gold prices consolidate as the dollar consolidated and US yields moved higher. This rise in yields came despite a larger tha expected federal budget. Prices continue to trade in a very tight range while momentum has consolidated.
When the coronavirus exploded across Europe in March, it realigned city life, shifting office workers to their homes, shuttering the hospitality sector and reshuffling life for millions. Unshackled from offices — many for the first time in their working lives — city dwellers throughout Europe began to leave...
The number of airliners in service has plunged since the start of the year amid fresh coronavirus restrictions, strangling off a partial recovery seen in the latter half of 2020, figures from travel-data specialist Cirium show.
Imagine for a moment that the price of all your investments — your stocks, your retirement portfolio, your house — suddenly drop in half this year. Now imagine that on top of that inflation suddenly picks up, making your cost of living skyrocket.That would be pretty awful, right?Well, this might not be just some theoretical thought exercise.
His main conclusion was that every one of those periods was presaged by a state of excess credit in the economy. This is the precondition of debt-deflation. There has to have been an INflation of debt before it can DEflate.
UMich Sentiment Signals Stagflation As Hope Plunges & Inflation Expectations SoarFeb 12, 2021 - 10:48:22 PST
U.S. consumer sentiment unexpectedly declined to a six-month low in early February as the outlook for personal income deteriorated and more Americans anticipated faster inflation in the year ahead.
since the circular endgame is clear: issue so much debt as is needed to generate the inflation that also does away with the $277 trillion global debt problem. Because fighting debt with more debt has always worked so well...
The end result? Hospital bills that can total a whopping $2 million.
The economy under Yellen also was at its most stable with an average jobless rate of 5.1%, followed by Powell's 5.3%, Greenspan's 5.6% and Bernanke's 7.2%, according to data compiled by Bloomberg.
In the Friday Gold Wrap podcast this morning, I talked about the minimum wage. Making a point about how raising prices lowers demand, I pointed out that McDonald's wouldn't sell many $15 hamburgers. But you know, there is a way Micky-Ds could make that work. Wrap those burgers in gold.
Jerome Powell and his crewmates cry aloud for inflation. Inflation is the spark of growth, they believe…
Fed Eyes Trouble in Commercial Real Estate, Corporate Debt in 2021 Stress TestsFeb 12, 2021 - 07:21:02 PST
The U.S. Federal Reserve on Friday unveiled the hypothetical recession it plans to test large banks against in its 2021 stress tests, which includes "substantial stress" in the commercial real estate and corporate debt markets.
No Progress Since October 3: On October 3, initial unemployment claims were 767,000. Since then, initial claims meandered from a November 7 low of 711,000 to a high of 927,000 on January 9.