Precious metals are apparently waking up. And here is where you can find the best deals.
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The central bank is on a one-way path to a larger role in our government and economy. Wall Street is thrilled, Main Street not so much.
Total assets on the Fed’s balance sheet for the week ended September 9, released this afternoon, fell by $7 billion from the prior week, to $7.01 trillion. Since the peak on June 10, total assets have declined by $158 billion:
Unprecedented Stimulus Is Fueling an Explosion of Fraud, Governments Begin to AdmitSep 11, 2020 - 05:39:29 PDT
“If you discover at a later stage that there was Mafia involvement, how do you undo what you’ve already done?”
US Consumer Prices Accelerate In August; Used Car & Furniture Prices Spike As Rent Inflation SlowsSep 11, 2020 - 05:35:36 PDT
While yesterday's producer prices continued to show YoY deflation, this morning's consumer price data pionted hitter than expected with the headline up 1.3% YoY - the fastest since March.
The recovery right now is “fragile, and barring additional stimulus, the recovery will be more susceptible to downside risks,” said Gregory Daco, chief U.S. economist at Oxford Economics.
While most states have yet to distribute the extra $300 a week under the president’s executive memorandum, a handful are already running out of funds to pay the additional benefits.
COVID Financial Pain 'Much, Much Worse' Than Expected, Warns Harvard StudySep 11, 2020 - 05:07:16 PDT
"And it's going to get worse because there is nothing..."
After nine months of intensive coverage of the covid-19 pandemic, it's time to start focusing these videos on other subjects just as important to our future well-being.
With the recent update from the U.S. Mint, Silver and Gold Eagle sales surged in August. While Gold Eagle sales continue even higher during August, the real explosion took place in the Silver Eagle figures. After the U.S. Mint adapted its fabrication processes to incorporate protections for employees due to...
The Middle East is suffering from the same problem that eventually destroys all oil-exporting nations. Unfortunately, the market seems to ignore this issue, until it's too late. Many oil industry analysts continue to provide optimistic forecasts for future Middle East oil production while they fail to consider one of...
Commodity investors, however, will continue to eye moves in precious metals, which got a boost as the pandemic raised demand for gold and silver as a haven. Signs of some recovery in global economies led silver, which is also an industrial metal, to far outpace gold’s rise.
Sep 10, 2020 - 13:02:28 PDT
Scotland's first commercial gold mine will start production within two months, and it's thought huge quantities of the precious metal lie beneath the soil
Stocks fell sharply in volatile trading as the rout in tech — the best-performing sector in the market — resumed after a one-day respite.
This is the systemic price of stripping the value of labor to the bone via globalization and financialization, the tireless engines of soaring inequality.
Unemployment Crisis Going in the Wrong Direction: Week 25, Nearly 30 Million Out of WorkSep 10, 2020 - 11:32:39 PDT
Continued unemployment claims rise for 2nd week, to 29.6 million, worst since Aug 1, meaning 18.4% of labor force is on unemployment insurance. State & federal initial claims jumped to 1.7 mil…
The toll lockdowns have taken on human life and human rights has been incalculable. Increases in child abuse, suicide, and even heart attacks, all appear to be a feature of mandatory stay-at-home orders issued by politicians who now rule by decree without any legislative or democratic due process.
The number of Americans applying for unemployment benefits was unchanged last week at 884,000, a sign that layoffs remain stuck at a historically high level six months...
Congress Fail's again & Again to Advance Coronavirus Stimulus Bill as Stalemate Drags OnSep 10, 2020 - 10:36:04 PDT
Congress has failed to pass a fifth coronavirus aid package even as the outbreak infects tens of thousands of Americans per day and economic pain felt by millions of jobless people sharpens.
On August 27, the Federal Reserve released an important revision to its monetary policy strategy, replacing 2 percent price inflation targeting—initially adopted in 2012—with a new approach in which the Fed will target an average inflation rate instead.
Alan Greenspan Lists Inflation and the Budget Deficit as His Biggest ConcernsSep 10, 2020 - 09:45:25 PDT
On the budget deficit, he said the federal government's spending imbalance is "getting out of hand."