After wholesale inflation shot higher in October at its fastest rate in six years, investors are bracing for fresh data that indicates prices are rising more quickly across the board than the Fed would like, spelling a still longer arc of rate raises to come.
"We create a special class of people called bankers that get a special set of laws that apply to them only, where they can commit fraud and theft by creating brand new dollars. These are counterfeit, because any new fractional reserve lending, any new credit they create, any new base currency the Federal Reserve and Treasury create when they swap I.O.U.s, that's all fraud and theft."
Having already outright bought a large portion of the publicly traded markets in Japan, Prime Minister Shinzo Abe continues "can't stop, won't stop" ultra-loose fiscal policy, calling for multiple new stimulus measures.
Merely paying interest on our titanic federal debt will eventually consume the nation's budget whole: "It will spend more on interest than it spends on Medicaid in 2020; more in 2023 than it spends on national defense; and more in 2025 than it spends on all nondefense discretionary programs combined."
When everyone is deemed too systemically important to be allowed to fail: Former Fed Chair Ben Bernanke, the primary architect of the current Fed-debt debacle, is arguing the Fed doesn't have enough power to lend to shadow banks and other non-bank institutions.
Join David Morgan as he examines recent headlines regarding the ongoing erosion of US dollar dominance around the world, and hear why the CEO of the world's largest hedge fund sees the USD losing its preeminent global trade role sooner than later.
"We can no longer rely on well-defined limits to speculation, as we could in previous market cycles across history. In hindsight, the fix was simple: abandon the belief in any limit to the stupidity of Wall Street. Despite its discomfort, the market decline we observed in October is only a drop in the bucket toward normalizing valuations."
Intervention in the gold market by the Bank for International Settlements via gold swaps increased substantially in October. Here are the details...
"...all hell will break loose in the gold market. Gold will go “No Offer” which means there is no physical gold available at any price..."
Universally derided as a valueless fraud, Maduro and company continue to try to float the "cryptocurrency" nothing that is the petro. As former Venezuelan Oil Minister Rafael Ramirez wrote, "the petro only exists in the government’s imagination."
It's the return of everybody's favorite fake ceiling! And if it is indeed raised to $22T, as the Bipartisan Policy Center forecasts, the administration will be crashing headfirst, yet again, into the magically movable ceiling in less than a year.
Conceal your precious metals from theft with our tips and suggestions for hiding gold and silver bullion in the living room, kitchen, bedroom or garden.
Is now a good time to sell gold? We look at the recent upsurge in gold buyers and why this may actually be a sign why you should hold onto your gold bullion.
David says that now is the time to buy some physical gold or physical silver. Here's why it's better to buy now, and then just sit back and wait...
Some of the smartest, most legendary investors are saying to have a 10% portfolio allocation to gold. Here's what Ray Dalio recently said...
Metals & Markets: This week we have a new guest to our podcast, Michael Oliver. Tune in for a hard hitting gold & silver update and a whole lot more...
Is a return to the a gold standard inevitable? Grant Williams breaks it down to offer insight like so few can in this must watch video...
SD Friday Wrap: ‘Twould be remiss not to say thank you in advance to all the Veterans, and to say something about this coming Sunday, November 11th...
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
Last Friday, I told you where you can get coffee with real gold mixed into it. It's part of this trend of edible gold. People are mixing gold into all kinds of foods — even beer and chicken wings. Like I said last week, I think people like to eat gold because it seems indulgent and decadent. Not my thing, but I get it. But you know what? There's a more pragmatic reason to eat gold.Transportation.