Precious metals are apparently waking up. And here is where you can find the best deals.
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With central banks owning $25 trillion of financial assets & sovereign wealth funds owning countless trillions more, it is time to ask whether capitalism as we know it is a thing of the past
A rally in gold prices happened on Friday after Janet Yellen’s hint at a potential US rate hike in September. During the economic symposium at Jackson Hole, Wyoming, the US Federal Reserve Chair said the case for raising interest rates was gaining strength amid strong economic numbers. Gold rallied $20 an ounce with the dollar dropping against other currencies.
Michael Covel reveals what has the world’s central bankers in a state of fear.
This is why hoards of coins are still found buried in the ground in all cultures from all centuries. This is what happens with the collapse in the confidence of government.
Who says the Fed can’t have fun at our expense?
James Howard Kunstler shows you why our debt-based economy, which the Deep State depends upon, is collapsing around us.
Well, it finally happened. Mark your calendars for the year 2016 as 'the year' a real One World Currency has been announced. But don't worry - MONEY DOESN'T EXIST.
We've often documented here the obvious Fed Goon strategy of jawboning and lies in an effort to prompt the "markets" to do what they'd like them to do. The ridiculousness […]
Negative rates are best stimulus option, Fed officials told at Jackson HoleAug 29, 2016 - 11:59:11 PDT
But there is one giant hurdle. The value of paper currency must float in order for the policy to work.That’s a sea-change in policy akin to the U.S. going off the gold standard.
San Francisco Fed President John Williams came out really dovish the other day. Translated, that means zero rates for longer.
The fact that the longer-run projection is low matters: it means that the Fed will have less room to cut rates to spur growth in the next downturn than they have had in the past
In case you need any assistance in trying to figure out when Janet Yellen spoke, or at least when the text of her speech was released from embargo, here is a hint:
Once-revered central bank heads failed to foresee the housing bubble and the great financial crisis that followed. As a result, faith in the Fed has plunged.
Aug 29, 2016 - 10:37:30 PDT
The conduct of monetary policy in recent years has been deeply flawed. U.S. economic growth lags prior recoveries, falling short of forecasts and deteriorating in the most recent quarters.
Aug 29, 2016 - 10:32:11 PDT
Since the government's latest report on U.S. economic growth came out last Friday, it's time to update RealityChek's monitoring of the quality of that growth – that is to say its makeup. This time, however, let's do something a little different. Rather than simply review the figures on how dependent the economy has once again…
There are so many things wrong with GDP, that even mainstream economists are becoming vaguely aware of its shortcomings. A good friend drew my attention to a Bloomberg article on this subject, whic…
The SDR and world money are looming but what do the presidential candidates have planned...
The inexorable effect of contemporary central banking is serial financial booms & busts. With that comes increasing levels of systemic financial instability & a growing dissipation of real economic resources in misallocations &malinvestment.
Aug 29, 2016 - 10:06:23 PDT
Builders look at demographics and realize that renting is going to be the bigger trend moving forward.
Dallas Fed Dead-Cat-Bounce Dies - Economy Contracts For 20th Month In A RowAug 29, 2016 - 10:03:47 PDT
The worse than expected headline data came despite a rise in new orders as the number of employees, average workweek, and capex all plunged into contraction.