Ronan Manly contacted the 42 largest sovereign holders of gold. The largest holder of all was dead silent. Here's what Ronan found in his survey...
"Limited availability of dollars could trigger a new liquidity crisis, followed by systemic financial crisis and global recession."
"The launch of the Petro-Yuan-Gold contract planned for March 26 could be the death knell for the US dollar and setting free the gold price thereby launching gold as the anchor of the financial system."
If global fiat currencies were held to the same standard the US imposed in the early 20th century, the gold price would be almost 30x higher.
The sides have been steadily expanding economic cooperation & will make additional efforts to increase trade to $200 billion in the coming years
The stock market’s glory days may be behind us. At least, that’s the prognosis of one prominent Wall Street strategist who believes January may have been the market’s peak and the remainder of the year won’t be able to measure up to the rally at the beginning of the year.
“We are at a make-or-break point in American history,” Mr. Peterson said. “The entitlement monster is unfunded.”
Libor-OIS spread has more than doubled since the end of January to 55 basis points, a level unseen since 2009.
"In the span of a SINGLE DAY, from last Thursday to Friday, the national debt grew by $73 BILLION. In a day. To put that number in context, $73 billion is larger than the size of most major companies like General Motors, Ford, and Southwest Airlines."
"Expect statements from Jay Powell to set the stage for a move above the ultra-important $1370 area resistance zone."
"The only deniers left seem to be certain people in the monetary metals industry itself for whom exposure of the scheme might be bad for their business..."
"After the '09 GFC and '10 Decennial Census, the Census Bureau began dramatically reducing their present and future estimates for population growth. Nevertheless, each reduction was still far too optimistic."
A new war of words has broken out between Washington and Caracas after President Donald Trump banned the use of the oil-backed cryptocurrency launched by Venezuela in a bid to undermine the dominance of the petro-dollar.
Treasure hunters say they found lost gold from the Civil War, but the state won't allow them to dig, and now the FBI has taken over. Here's more...
(Actual data look very similar to those Fed faced in December).The Fed's Open Market Committee (FOMC) is meeting today and tomorrow to decide what to do.
"If the recent tax cuts and increased spending are extended indefinitely, the interest on the debt could grow to 14 percent of US spending by 2018. Deficit spending is likely to be $1 trillion by 2019 and will only increase from there."
2017 hurricanes Harvey, Irma and Maria were among the 5 costliest hurricanes in history, according to USA Today. As it stands, the serious delinquency rate on Veterans Administration (VA) loans is …
The median monthly rent for a one-bedroom apartment in the Los Angeles area is $2,249, and in San Francisco it's almost $3,400
A measure comparing riskier tech stocks to safer utilities is triggering memories of what happened just before the dot-com bubble wrecked the market 18 years ago.
"The Fed’s inflationary policies benefited the asset holders, the banks, and the top 10% of wage earners at the expense of everyone else."