"I expect central bank independence will be (and should be) the next casualty of the current political turmoil.”
Billionaire Eric Sprott Warns A "Financial TSUNAMI" is Coming...
U.S. gold exports Jan-Apr 2017 surged 45% versus last year
Connecticut and New Jersey are under growing financial strain too.
The point here is that, by its own self-imposed goals and definitions, the Fed has failed to accomplish a key part of its mission.
With Maine looking like it will be the first state to shut down and perhaps beating Illinois to the punch.
The first U.S. state to shut down heading into the new fiscal year may not be Illinois, not Connecticut, but... Maine.
This is a warning that the great bull market in stock prices from the 2009 low is in its last stages.
In a world where population & economic growth are slowing rapidly, this appears to have been the Feds plan all along?!?
Franklin famously said at the end of the Constitutional Convention, “gentleman you have a Republic, if you can keep it.”
In This Month’s Newsletter…• Lead article: Silver is Stupid Cheap!• Gold Theme Updates: our library of articles is growing, and this month we have many updates, + a couple new videos with Mike and Jeff!• GoldSilver’s Latest Product Releases, including two proprietary silver rounds!A lot of readers liked the inflation-adjusted gold price chart we highlighted last month. It showed how dramatically undervalued it is, as well as how high it could reach when using the 1980 inflation formula.
After 9 years of quantitative easing the Federal Reserve is now starting quantitative tightening. Jim Rickards says it is destined to fail...
“Deflationary forces have been replaced by reflationary ones.” – Mario Draghi
"central banks in aggregate still printing: $350bn in April, $300bn in May, <$100bn in June…big 5 central banks buying less but not yet selling."
Longtime reader James Gibson is author of the great book, "From West To East". He also just sent us this terrific new article which discusses the history of the Cypriot bank […]
"I think it took a major change, a major step for the worse yesterday," Hayman Capital Management's founder and chief investment officer, Kyle Bass,
In silver, the total open interest SURPRISINGLY FELL BY ONLY 1858 contract(s) DOWN to 202,779 DESPITE THE THE SLIGHT RISE IN PRICE OF SILVER THAT TOOK PLACE WITH YESTERDAY’S TRADING. BUT MORE […]
If you thought the 2007 Debt Bubble was bad… wait until you see what’s coming.
Bank of England chief economist Andy Haldane said on Thursday that the central bank needed to “look seriously” at raising interest rates to keep a lid on inflation, even though he was happy with...
Mario Draghi still doesn’t have a definitive sign that the European Central Bank can consider ending its monetary stimulus.