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Global Food Supply Chains Beginning to Erode, Crisis Looms?
Global Food Supply Chains Beginning to Erode, Crisis Looms? As the coronavirus continues to infect more and more people, food supply chains have started to become more strained in recent days. It was announced yesterday; the world’s biggest pork producer is closing a primary U.S plant indefinitely after a coronavirus outbreak amongst employees. Smithfield Foods […]
The Federal Reserve’s One Last Hail Mary
The Federal Reserve’s One Last Hail Mary Over the last few weeks, the Federal Reserve has been in utter desperation mode to try to revive and keep the American economy on life support. What many in the mainstream media have failed to include in this recent coronavirus economic narrative is that the virus was just […]
Could The U.S Be Gearing Up To a Return to the Gold Standard?
Could The U.S Be Gearing Up To a Return to the Gold Standard? There may be readers who weren’t even born when the U.S. still had a gold-backed dollar. Since the gold standard was abolished in 1971, the value of the dollar has decreased annually by 3.96 percent. You would need over $600 today to […]
Hyperinflation is Becoming Common in The 21st Century
Hyperinflation is Becoming Common in The 21st Century How destructive is hyperinflation? To quote economist Thomas Sowell, “Hyperinflation can take virtually your entire life’s savings, without the government having to bother raising the official tax rate at all.” A number of countries are currently experiencing the destructive effects of hyperinflation. With the Venezuelan Bolivar at […]
Are We Running Out of Gold?
Are We Running Out of Gold? Gold has been used for jewelry and currency for thousands of years. It has always served as a source of status and wealth. The reason for its popularity is its rarity. Gold is a finite commodity. There is only so much of the golden metal available, and it can’t […]
Is U.S Dollar on the verge of a major currency crisis?
Is U.S Dollar on the verge of a major currency crisis? According to the founder of the world’s largest hedge fund, Ray Dalio the US dollar could soon fall as much as 30% which could leave it looking like the Turkish Lira. The chairman of Bridgewater Associates, Ray Dalio has warned that the US economy […]
Zimbabwe spirals into economic chaos as fears of another round of hyperinflation begin to spark
Zimbabwe spirals into economic chaos as fears of another round of hyperinflation begin to spark Zimbabwe has a history of economic chaos and misery. In 2008, Zimbabwe had the second-highest incidence of hyperinflation in recorded history. The estimated inflation rate from November 2008 was 79,600,000,000%. Currently, citizens of Zimbabwe are stocking up on essentials such […]
The Committee to Destroy the World: The Federal Reserve
The Committee to Destroy the World: The Federal Reserve The general belief among average citizens is that the purpose of central banks is to help the economy by fighting inflation and mitigating financial crisis. It’s a fairy tale that politicians like to encourage. If there were any truth to it, however, where was the Federal […]
Paper money eventually returns to its intrinsic value – zero
Paper money eventually returns to its intrinsic value – zero In socialist Venezuela, the price of a cup of coffee has doubled every few weeks. The annual inflation rate could hit 1,000,000 percent by years end. People can no longer afford food, but that’s okay because there isn’t any food to be found. South America’s […]
Hyperinflation Has Destroyed Venezuela
Hyperinflation Has Destroyed Venezuela Has coffee become an unattainable luxury? It is if you live in Venezuela’s capital of Caracas. In July, the price of a cup of coffee was 2 million bolivars. In a country where the minimum wage has been raised to 3 million bolivars, coffee has become as unaffordable as food, housing, […]
Everyone is Hoarding Gold
Everyone is Hoarding Gold The tiny nation of Kyrgyzstan has big plans. Caught between its giant trading partners, China and Russia, Kyrgyzstan is stockpiling gold. It wants to increase gold from 16 percent to 50 percent as part of its international reserve. Tolkunbek Abdygulov of the Kyrgyz Central Bank has stated that any currency, whether […]
The Dark Cloud of Global Debt… The Perfect Storm Looms
The Dark Cloud of Global Debt… The Perfect Storm Looms While everyone is debating the effects of possible trade sanctions on the global economy, few are paying attention to a far more serious issue. Enormous global debt, combined with low-interest rates, have set the stage for a global recession that has the potential for economic […]
Deutsche Bank could spell economic and financial chaos. Could this be why Germany has repatriated 583 tons of Gold?
Deutsche Bank could spell economic and financial chaos. Could this be why Germany has repatriated 583 tons of Gold? Before declaring bankruptcy, Lehman Bros. had $639 billion in assets. It was thought to be too big to fail. Currently, Deutsche Bank has almost triple those assets, $1.7 trillion, but its future is in question. The […]
Gold Production On The Cusp of Peaking
Gold Production On The Cusp of Peaking 28 May Gold is valuable because it is a finite resource. What happens when all available gold is mined and processed? There is still abundant gold deep within the earth, but it has not yet been found. Mining companies are unable, to dig deep enough. It is difficult […]
