Precious metals are apparently waking up. And here is where you can find the best deals.
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That era ended just over a year ago when the Federal Reserve embarked on one of the steepest and fastest rate-hiking campaigns in history — and it takes about that long for the consequences to really start trickling through the market.
A measure of debt across the globe rose in the first quarter to almost $305 trillion, and the rising cost to service that debt is triggering concern about the financial system's leverage, a widely tracked study showed.
May 17, 2023 - 12:27:35 PDT
President Joe Biden’s trip to Asia, intended to assure fretful allies that the US remains a reliable partner in the face of China’s assertiveness, is doing just the opposite.
President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday underscored their determination to reach a deal soon to raise the federal government's $31.4 trillion debt ceiling and avoid an economically catastrophic default.
We think long term Treasury bonds present a great investment opportunity but in the short run there are some headwinds worth considering.
That’s right. As shown below, the whole seven month ordeal on Capitol Hill about the expiring borrowing authority resulted in, well, an irregular but marked decline of the benchmark bond yield.
The story goes something like: In the last few years, the Federal Reserve printed up to 80% of all bills that were ever in circulation. While Austrian economists have long recognized the superfluousness of central banking and understand the benefits of a decentralized monetary system, it's important not to give in to false ideas, even if they appear to support honest ones.
United States citizens are watching a deteriorating tango between banks and the federal government. Bank depositors have been losing confidence in the value of their bank deposits, while credible market signals flag higher concerns about the credit quality of the United States Treasury. In recent months, credit default swap spreads for Treasury debt have risen significantly...
Kevin McCarthy Doubles Down on Gop’s Debt Ceiling Stance: ‘I Never Give Up’May 17, 2023 - 09:10:11 PDT
As the U.S. House Speaker and President Biden’s office prepare to enter refreshed debt ceiling negotiations, Rep. Kevin McCarthy, R-Calif., has reiterated the GOP’s intentions not to move on their hard lines.
House Democrats on Wednesday formally began the next phase of a maneuver that aims to make an end run around House Speaker Kevin McCarthy.
Identity thieves try to file fraudulent tax returns to claim refunds. There are steps taxpayers can take to protect themselves.
WTI Slides After Big Crude Build, 7th Straight Weekly SPR Drain By Biden AdminMay 17, 2023 - 09:03:43 PDT
Oil prices have whipped around overnight since API reported a big crude build (and Cushing stocks soaring) as hopes for debt ceiling deal trumped the latest (weak) China demand signals.
Renowned investor Jim Rogers expects the US dollar to lose its hegemony due to Washington’s lack of neutrality
In the U.S., a new high of 29.0% of adults have been diagnosed with depression in their lifetime, and 17.8% currently have or are being treated for it.
Think seriously for a moment about what we were told about inflation over the last two years. As everybody knows, both the government and the Federal Reserve swore up and down to us that inflation was going to be transitory and they were, of course, dead wrong.
May 17, 2023 - 07:42:08 PDT
President Joe Biden speaks about why Congress must avoid default immediately and the current situation of the debt ceiling crisis in the U.S.
In today’s video, Mike sits down with Julia La Roche to reveal the ugly truth behind our fiat currency system.
A collection of Mike’s insights from the Rebel Capitalist Conference in Orlando, Florida.
Governor Ron DeSantis signed a first-of-its-kind legislation last week banning the use of a federally-adopted Central Bank Digital Currency (CBDC) in Florida to protect the freedom of Florida residents. Additionally, the bill also prohibits the use of foreign CBDCs in the state.
At least 12 other states have passed similar legislation, which waives taxes on the sale and exchange of dollars for gold.