Precious metals are apparently waking up. And here is where you can find the best deals.
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The great majority will sadly learn their lesson the hard way...
In January, consumers carried on in hunky-dory land.
The 1st world economy lives within a fractional reserve banking system. In a fractional reserve system, one persons debt is the systems new money, as money is lent into existence.
So goes the dollar – or any paper money – when it’s not backed by gold or some other commodity that can’t be created at will. For without a stable base to hold its supply in check, what’s a dollar anyway?
Even as major central bankers say it’s too soon to respond to the economic fallout from the coronavirus, some economists are debating the need for rare coordinated monetary easing by the Federal Reserve....
"We need to keep this virus slowed down, because health systems around the world, and I mean North and South, are just not ready," a top WHO official said.
Could Coronavirus Trigger the Monetary Reset? Mike Maloney & Chris Martenson (Part 2)Feb 28, 2020 - 09:42:39 PST
How serious could Coronavirus get? Will it decimate world economies, or is this just a short term blip? Is it the virus to blame for the recent market action, or the fact that the world economies have been balanced on a razor’s edge for a decade? Find the answers to all of the above in today’s update with Mike Maloney and Chris Martenson of PeakProsperity.com
Goldman Sachs said it sees three rate cuts from the Federal Reserve from March through June.
“Although moderate Fed rate cuts are unlikely to be very powerful, the committee will probably be reluctant to disappoint market expectations for substantial rate cuts for fear of tightening financial conditions further,” the economists said.
In order to determine if a geopolitical or economic threat is legitimate, I find it helps to watch how the mainstream propaganda narrative flows and changes.
According to CME Fedwatch the odds of a rate cut in March jumped to 96.3% today from 8.9% a week ago.
Gold is down over 3% today as we write. Silver is down over 6%. The gold/silver ratio has soared to 95, its highest level since March 1991.Why is this happening? Aren’t gold and silver crisis hedges? One of the biggest reasons has to do directly with the stock market.
Who Raises Coronavirus Threat, Poses a 'Very High' Risk at a Global LevelFeb 28, 2020 - 08:25:31 PST
WHO officials said they are increasing the risk assessment of the coronavirus to "very high" across the world.
10:55 am: FDA reports first coronavirus-related drug shortage...
It would result in a brief bounce higher, followed by a potentially catastrophic collapse...
The coronavirus-driven market sell-off has wiped $6 trillion in value from the global markets in the past six days, according to S&P Dow Jones Indices.
After absorbing a number of body blows at her confirmation hearing over her support for the gold standard and past writings, Shelton picked up the vote of Sen. Patrick Toomey (R-Pa.) this week and is on the verge of winning the support of Sen. Richard Shelby (R-Ala.), another potential skeptic.
Dow Falls 1,000 Points Third Time This Week as Friday's Sell off WorsensFeb 28, 2020 - 07:05:09 PST
Stocks tumbled once again as worries over the coronavirus and its impact on the economy continue to rattle investor sentiment.
Well, it's campaign season. I hate campaign season.And this current crop of Democratic hopefuls isn't doing anything to change my feelings. These people are about as bland as a bag of sawdust. I mean, say what you will about Donald Trump; if nothing else he comes up with some pretty amusing quips.So, in an effort to spice up campaign season, I thought it would be fun to look back on some of the all-time worst campaign slogans.