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The US presidential elections are quickly approaching. So, what do they have in store for the price of gold?
For 12 years, the West has been struggling to understand the message of the 2008 crisis: “You are no longer the only ones on the planet!” The dollar, international organisations dominated by the West, Western-centric financial markets, trade flows focused on Europe and the US,… the fantastic global trade network set up during the first …
    Asia Suffering ‘Worst Recession in Living Memory’
Oct 23, 2020 - 10:10:25 PDT
Economic growth for the region has been downgraded - despite China's emerging recovery.
U.S. Treasury Secretary Steven Mnuchin is unlikely to release a much-watched report on international currency manipulation that was due in April until after presidential elections on Nov. 3, according to people familiar with the matter.
Young Americans face some of the highest unemployment rates and that could have long-term consequences for the broader U.S. economy
Conflict is on America’s streets in 2020, and “tactical apparel” has become a lifestyle industry serving militarized law-enforcement agents and the freelance gunmen who emulate them. Less than two weeks before Election Day, orders are rolling in.
The market read between the lines, realized that the constant back and forth means no deal is coming, and sold off.
As of September, 2.4 million Americans have been unemployed for more than 27 weeks due to the coronavirus pandemic. The aid that many have relied on may soon end.
    Everything is Staged
Oct 23, 2020 - 08:32:04 PDT
The entire financial system--nothing but an elaborate simulacrum of a real-world financial system.
    Covid Deaths in Context
Oct 23, 2020 - 08:24:50 PDT
    Covid Deaths in Context
Oct 23, 2020 - 08:24:50 PDT
    Unemployment Claims Drop For the Wrong Reason
Oct 23, 2020 - 08:16:24 PDT
Last week I reported "Seasonally-adjusted continued claims fell from 11,183,000 last week to 10,018,00 this week." This week we see continued claims fell from 9,373,000 to 8,373,000. We had massive revisions primarily in California which was investigating fraud.
People will do just about anything to avoid paying taxes. Case in point - a man from Dubai shoved about 2 pounds of gold — where the sun don't shine —  in order to avoid paying customs taxes in India.
Yes. I said two pounds.
Small business owners are not just waiting for additional stimulus money from Washington, they need clarity on how the IRS will tax their PPP loans.
In just one day, COMEX has been put on notice for another 3+ tons of gold...
Surging coronavirus infections and renewed lockdowns will prompt the European Central Bank to step up monetary stimulus later this year, according to economists surveyed by Bloomberg.
The gulf between big companies that have ready access to credit and just about everyone else got wider in the fallout of the Covid-19 crisis, as the Federal Reserve blew open capital markets and pledged to keep interest rates low as long as needed.
If every unemployed worker had received the extra $600 in weekly unemployment benefits, only 125,000 households would be behind on their rent as of December, the study found.
Fed officials and other policy makers in Washington are increasingly worried that delaying further aid for the U.S. economy will lead to a rerun of the slow recovery that followed the 2008 downturn.
Argentina’s battle to control its currency is upending South America’s second-largest economy, wreaking havoc on everything from household finances to the production and sale of common goods.