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US Dollar “Global Reserve Currency” on Fed’s QE & US Government Deficits: Dollar Hegemony in DeclineDec 31, 2020 - 11:17:37 PST
Other options also shaky. Central banks leery of Chinese RMB, its share still irrelevant. Euro’s share is stuck. But the yen’s share has been rising.
"We could allow for a de facto gold standard at little cost. And this standard would ensure that investors could discipline government for borrowing excessively. If citizens were allowed to save their income in gold-denominated accounts without extra costs of taxation and financial regulation...
Gold gained as the dollar extended losses on Thursday, with the metal on track for its best year in a decade on economic uncertainty and as governments worldwide doled out massive stimulus to offset the impact of the coronavirus pandemic.
Dec 31, 2020 - 08:54:36 PST
The panelists discuss: How to trade a fiat currency debasement. Hedging or trading inflation.
Gold, silver, platinum and palladium. Hard assets like real estate including farmland. Copper and iron ore and the battery metals. Energy as an inflation hedge.
The possibility of an inflation ‘upset’ is worth persisting with because of at least two factors.
The pocketbooks of working Americans and retirees could be directly affected by these changes
Dec 31, 2020 - 07:40:44 PST
The coronavirus has destroyed the lives, savings and small businesses of innumerable Americans — but the year wasn’t a financial washout for everyone.
The total number of Americans on government unemployment benefits ended 2020 just below 20 million. 2019 ended with just 2 million on jobless claims...
It’s #USD M1 money supply. Prices are already rising in soybeans, stock indices, crude oil, copper #BTC & many more items. Money printing by the #federalreserve means #inflation in 2021 is baked into the cake. Own physical #gold
The year 2020 is coming to a merciful end. As it was with pretty much everything, it was a nutty year for the economy and the precious metals markets. We all hope 2021 will be better, but it seems unlikely that it will be any less nutty. In this special Thursday episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a look back at 2020 and speculates on what could lie ahead in 2021.
Gold is set for the biggest annual advance in a decade after a tumultuous year, with gains this month aided by the dollar’s decline to the lowest level since April 2018.
The dollar was ending 2020 in a downward spiral on Thursday with investors wagering a global economic recovery will suck money into riskier assets even as the yawning U.S. twin deficits argue for an ever cheaper currency.
Record-low mortgage rates were supposed to make it easier for homebuyers. Instead, they’ve helped push affordability to a 12-year low.
China’s central bank has pumped enough cash into the banking system to convince government bond investors that the worst is finally over.
Cyber Attack on U.S. Government May Have Started Earlier than Initially ThoughtDec 31, 2020 - 05:29:32 PST
The unprecedented cyber attack on U.S. government agencies reported this month may have started earlier than last spring as previously believed, a U.S. senator involved in cybersecurity said on Wednesday.
Two U.S. warships sailed through the sensitive Taiwan Strait on Thursday drawing protest from Beijing, the second such mission this month and coming almost two weeks after a Chinese aircraft carrier group used the same waterway.
Pentagon Sends More B 52s to Middle East to Deter Iranian Attacks on U.S. Troops: NYTDec 31, 2020 - 05:22:38 PST
The flights came a week after President Trump warned Tehran following rocket strikes on the U.S. Embassy in Iraq.
Food insecurity has become a widespread issue amid the Covid crisis, especially after relief such as $1,200 direct checks and the additional $600 per week in unemployment benefits extended by the CARES Act in March ran out.
Trading Legend Art Cashin Shares His Poem to Say Goodbye to 2020 and Welcome the New YearDec 31, 2020 - 05:05:34 PST
Art Cashin couldn't lead the NYSE in the singing of "Wait til the Sun Shines Nellie" this year, but he penned this poem to share with us here.