This video has been viewed more than 47,000 times. In short, it says that economic collapse never comes because of the Establishment’s ability to create money out of thin air. True, the Fed’s ability to create money can forestall economic declines, but the fact is that the Fed’s interventions in the market have caused many
Worldwide demand for gold rose 6.2 tons year-over-year in Q3, led by robust central bank buying of 148.4 tons, the highest level of quarterly new purchases since 2015, reports the World Gold Council. Bar and coin demand by individual investors climbed 298 tons.
Millennials, It was astonishing that when Ron Paul dropped out of the 2012 presidential race many of his followers jumped to supporting Bernie Sanders, an avowed socialist. Ron Paul, of course, is a libertarian who rails against socialism in all forms.
In the irony of ironies, the central bank of Switzerland recently bailed out the manufacturer of the polymer material used in the new Swiss 10-franc notes. Swiss National Bank purchased a 90% stake in Landqart AG after the company got into financial difficulties. The SNB is known for its huge investments in equities, with Apple,
The decline of a nation’s money often parallels the decline of the nation. Rome’s money stands as the classic example; Great Britain’s pound is the contemporary example.
New York Fed President William Dudley said that he supports another rate hike this year if the economy “evolves as he expects.” He also thinks it’s reasonable for the Fed to start selling part of its $4.5 trillion portfolio, which it accumulated through several quantitative easing programs.
For only the second time in 44 years, I’m recommending old US gold coins. The other time was in the 1990s.
Just looking at the increased number of “HELP WANTED” signs hanging in business windows and the rising prices on restaurant menus, I suspected that inflationary pressures were building. Then I validated my suspicions by looking at Bureau of Labor Statistics data.
The biggest problem with paper money is that it can be created at will; and history shows that whenever paper money is disconnected from gold, it is eventually printed until it is worthless. Sometimes its destruction comes quickly, some over decades. The second biggest problem with paper money is that it can be cancelled by
Central bank actions and expectations of central bank actions are driving investment markets: the bond markets, the equity markets and the metals markets. Economic news does not move the markets, except that markets move on how investors think that central banks will react to economic news.