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De-Dollarization Will Be a Vicious Cycle as Hyperinflation Leads to Higher Rates That Will Further Erode the Greenback’s Power, Think Tank Says

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De-dollarization could lead to a vicious cycle of economic destruction, according to an Australian economic think tank. That’s because waning use of the dollar could bring on hyperinflation, researcher Michael Roach said. Hyperinflation could lead to higher interest rates, which will weigh on asset prices, according to Roach. This outlook is furthered by speculation that […]

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Fitch Cuts US Credit Rating a Notch From AAA to AA+

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Ratings agency Fitch on Tuesday downgraded the U.S. government’s top credit rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years as well as a high and growing general government debt burden. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years,

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No Chance We’re Having a Soft Landing’: Stock-Market Strategist David Rosenberg Gives Powell’s Fed No Credit — and No Mercy

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“There is no chance we’re having a soft landing in the context of the most pernicious tightening by the Fed since the Paul Volcker years,” Rosenberg says. It’s equally interesting to hear Dimon talk about how great things are when the pace of bank lending, in the aggregate, is heading towards negative territory on a

No Chance We’re Having a Soft Landing’: Stock-Market Strategist David Rosenberg Gives Powell’s Fed No Credit — and No Mercy Read More »

The Dollar Failure: Challenges of a Shifting Global Reserve Currency

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The BRICS bloc of countries are working on the creation of a new gold-backed currency that could potentially shift the global economic landscape.  They seek to establish a currency partially backed by gold, challenging the US dollar’s dominance. How long this takes remains uncertain, the implications for savers and retirees in the US could be

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Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar

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But experts say the new system could lay the groundwork for the infrastructure needed for a potential central bank digital currency (CBDC) in the U.S. “This is a payment system, not a digital token or a CBDC, but it is something that can be used to facilitate the creation of a CBDC,” said Jim Bianco,

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Revival of Gold as Central Banks Bring their Gold Home

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Central banks worldwide are buying more gold to protect themselves from high inflation and financial risks. The fear of sanctions similar to those imposed on Russia has prompted nations to bring their gold reserves back home. While paper-gold ETFs & miners have experienced significant outflows in recent years… demand for physical gold has surged pushing

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Countries are so Spooked by De-Dollarization and the Western Sanctions Against Russia, they are Increasingly Moving Gold Assets Back Home for Safekeeping

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41% of surveyed central banks and sovereign funds expect to increase gold holdings in the next three years. Sweeping sanctions against Russia that expelled the country from the US dollar-dominated global financial system spooked other countries so much that they are now lining up backup currencies for trade. But central banks appear to be less willing

Countries are so Spooked by De-Dollarization and the Western Sanctions Against Russia, they are Increasingly Moving Gold Assets Back Home for Safekeeping Read More »

This Catapults Gold to $2,500 and then $5,000 by 2026 – Midas Touch Consulting’s Florian Grummes

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Gold has been gearing up for its breakout to $2,500 for the past 12 years, and it must now break the final resistance level to open up its “phenomenal” upside… “All it takes for gold is to break through this $2,070 level … From $1,920, gold can rally $600 in the next six to eight

This Catapults Gold to $2,500 and then $5,000 by 2026 – Midas Touch Consulting’s Florian Grummes Read More »

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