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GOLD & SILVER PRICE UPDATE: And What Most Precious Metals Analysts Are Missing
GOLD & SILVER PRICE UPDATE: And What Most Precious Metals Analysts Are Missing The gold and silver prices continue to consolidate since reaching new five-year highs in the summer. Gold is nearly $100 lower from its high of $1,566 on September 4th, while silver is down more than $3 from its $19.75 peak on the […]
The Wealthy Are Hoarding Physical Gold
The Wealthy Are Hoarding Physical Gold The world’s rich are hoarding gold – this according to data buried in a recent Goldman Sachs note to clients. In the note published over the weekend, Goldman recommended diversifying long-term bond holdings with gold, citing “fear-driven demand” for the yellow metal. Hedge funds and other large speculators boosted their […]
When It Becomes Serious You Have To Lie: Update On The Repo Fiasco
When It Becomes Serious You Have To Lie: Update On The Repo Fiasco Occasionally, problems reveal themselves gradually. A water stain on the ceiling is potentially evidence of a much larger problem. Painting over the stain will temporarily relieve the unsightly condition, but in time, the water stain will return. This is analogous to a […]
Why “This Sucker Is Going Down”
Why “This Sucker Is Going Down” Once the contagion starts spreading, loose money won’t put the fires out. As the nation’s political and economic leaders struggled to contain the 2008 financial meltdown, President George W. Bush famously summed the situation up: “If money doesn’t loosen up, this sucker will go down. “Eleven years into the loose money recovery, this […]
These Secretive Oil Companies Control $3 Trillion In Wealth
These Secretive Oil Companies Control $3 Trillion In Wealth They control the vast majority of the world’s oil and gas assets, yet the average person has never even heard of them, outside of those that are famous for things like getting attacked by missiles or becoming embroiled in a high-profile corruption scandal. State-owned oil and […]
2019 was a year of global unrest, spurred by anger at rising inequality – and 2020 is likely to be worse
2019 was a year of global unrest, spurred by anger at rising inequality – and 2020 is likely to be worse 2019 may well go down as the most disrupted year in global politics since the fall of the Berlin wall in 1989 and the subsequent implosion of the former Soviet Union. However, the likelihood is that 2020 will […]
Retire early… to save the planet?
Retire early… to save the planet? If it’s not this, it must be the opposite. How often do you witness this sort of thinking? When I pay attention I find it’s everywhere, framing nearly every argument. Author Daniel Quinn calls it two-handedness: imagining there are only two options, usually framed as opposites. Democrat or Republican. […]
Three Major Imbalances – Financial, Trust and Geopolitical
Three Major Imbalances – Financial, Trust and Geopolitical But greed is a bottomless pitAnd our freedom’s a jokeWe’re just taking a pissAnd the whole world must watch the sad comic displayIf you’re still free start running awayCause we’re coming for you! – Conor Oberst, “Land Locked Blues” It’s hard to believe 2020 is just around […]
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report China is at last planning to conduct the first real-world test of its central bank digital currency (CBDC), fresh reports claim. According to local news outlet Caijing on Dec. 9, the initial pilot for the CBDC is set for the city of Shenzhen before the end of […]
Major Freight Carrier Bankrupted, Leaving 3,000 Truckers Jobless, Many Stranded On Highways
Major Freight Carrier Bankrupted, Leaving 3,000 Truckers Jobless, Many Stranded On Highways As the manufacturing recession gains momentum, the largest U.S. truckload carrier filed for bankruptcy Monday morning, leaving 3,000 truck drivers and 500 administrative positions without a job two weeks before Christmas. Indianapolis-based Celadon filed for voluntary Chapter 11 bankruptcy in the early hours […]
The Fed Is on High Alert
The Fed Is on High Alert It’s hard to believe the end of the year is upon us and 2020 is right around the corner. In many ways, it went by very quickly. For economies and markets, it was a year marked by uncertainty over economic slowdowns, trade wars and a complete pivot in “dark […]
Economy Still Falling Off a Cliff – John Williams
Economy Still Falling Off a Cliff – John Williams Economist John Williams says don’t put too much faith in the good employment numbers that came out last week because “It’s not as happy of a picture as it looks.” Williams is the founder of ShadowStats.com. His calculations strip out government accounting gimmicks to give a […]
Recession Ahead: An Overview of Our Predicament
Recession Ahead: An Overview of Our Predicament Many people have the impression that recessions come from financial missteps, such as the US subprime loan fiasco. If energy is involved at all, the problem comes from high oil prices as supply becomes inadequate to meet demand. The real situation is different. We already seem to be on […]
THE WOLF STREET REPORT: Is the Corporate-Debt Bubble Ripe Yet?
THE WOLF STREET REPORT: Is the Corporate-Debt Bubble Ripe Yet? What does it mean when the Fed and other central banks jointly bemoan the effects of their own policies? Worried about not being able to keep all the plates spinning? (11 minutes)
