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When the European Union was created in the mid-1990s it had bold aims: to unify Europe (erasing the risk of … Continue reading "The disastrous stealth federalisation of the EU"
    UK Employment Sees Largest Quarterly Fall in a Decade
Aug 11, 2020 - 07:13:22 PDT
This decrease in employment, which affected both men and women, was the largest quarterly fall since May to July 2009.
    Gold To Surpass $3,000: VanEck
Aug 11, 2020 - 07:05:23 PDT
If you think the recent price of gold is high, you ain't seen nothing yet, according to a veteran precious metals investor.
Gold is going to show the true value of the fiat currency. Judy Shelton is now coming on board and will lead the transition into sound money...
    Stocks Jump Worldwide While Dollar Drops With Gold
Aug 11, 2020 - 06:59:21 PDT
U.S. stocks were mostly higher after President Donald Trump said he’s considering a tax cut on capital gains and American hospitalizations for Covid-19 fell to their lowest in a month.The S&P 500 rose for an eighth consecutive session and approached its record close from before the pandemic
(When Central Bank QE Velocity Approaches Zero) Well, ain’t this a kick in the head. The market value of the world’s equities has risen above the dollar value of the global economy, which some investors say is a sign of overheated markets.…
Companies are capitalizing on a credit rally that keeps on giving, initially sparked by the Fed’s foray into the market in March and since supported by months of heavy inflows. Investment-grade firms are reaping the benefits too, with yields at an all-time low of 1.82%.
    Gold To Surpass $3,000: VanEck
Aug 11, 2020 - 06:43:09 PDT
If you think the recent price of gold is high, you ain't seen nothing yet, according to a veteran precious metals investor.
Futures for the U.S. S&P Global index hit a record high on Tuesday and world stocks rose to new 5-1/2 month peaks, lifted by bets on a U.S. fiscal stimulus package and calm on the Sino-U.S. diplomatic front before a crucial round of trade talks.
And this all just happened with a HUGE LOSS in price...
If you want to end unconstitutional, overreaching federal power – end the Fed. It’s the engine that drives the most powerful government in the history of the world.
But Congress will never abolish the central bank. It can’t even come up with the will to audit the Fed.
So what can we do?
There are actually actions that states can take.
    Central Banks Add More Gold in June
August 11, 2020
Central banks added another net 18.1 tons of gold to their reserves in June, according to the latest data from the World Gold Council. The net total was pulled down by a significant sell-off by Columbia's central bank.
Powell and his colleagues have been pressing Congress to maintain fiscal spending to support the economy. Powell even encouraged House Leader Nancy Pelosi to “think big fiscally” back in March.
    Why Fed Bugs Really, Really Hate Gold: Mises
Aug 11, 2020 - 04:52:25 PDT
Judy Shelton, a Trump nominee to the Fed Board of Governors, may not have coined the excellent term "Fed bug," but she used it to delicious effect in this 2019 Financial Times inte
"No excuse for being confused now."
Economists Antony Davies and James R. Harrigan write that “the Federal Reserve has reached a point wherein it has little choice but to monetize federal deficits. Sooner or later, we will all pay the price in the form of massive inflation.”
Investment-grade companies issued a record $1.3 trillion of U.S.-denominated debt this year through last week, nearly an 80% increase from last year’s pace, according to BofA Global Research.
President Trump signed new executive orders on Saturday that included a payroll tax holiday for workers. While that could mean bigger paychecks in the short term, it would also mean significantly less funding for Social Security. If he is able to make the cuts permanent, critics say that would change the program as we know it.
Response to COVID deadlier than COVID itself?
"...they are struggling to survive and absent immediate and sweeping relief so many will be forced to close permanently."