House Majority Whip Tom Emmer, R-Minn., on Tuesday afternoon will reintroduce the Central Bank Digital Currency Anti-Surveillance State Act. a Republican-backed bill that aims to prevent the Federal Reserve and its member banks from issuing a digital version of the dollar and using it to implement monetary policy. 130 countries, representing 98% of the global […]
GOP Takes on Federal Reserve in Battle Over Digital Dollar Read More »
Prices will make a move and hit $5,000 an ounce within three years, according to Michael Lee, Founder of Michael Lee Strategy. … The macro data the market is basing its estimates on looks manipulated or flawed by design, according to Lee. “For a lot of the United States, they’re already in recession,” “Every single
Stocks could crash nearly 50% as a severe recession sets in, Milton Berg has warned. The veteran technical analyst flagged investor complacency and more banking woes as risk factors. Berg expects the S&P 500 to plunge below its level in October and approach its pandemic lows. The S&P 500 could crash nearly 50% as the
Peter Schiff explains- government spending has created the price inflation Americans continue to struggle with and how it has bankrupted the United States. The Biden administration keeps touting its “investments” in infrastructure and other programs. Meanwhile, average Americans continue to say they’re struggling with price inflation. “All of that government spending is being financed by
Government Spending Has Bankrupted the U.S. Read More »
History and legal precedent tell us that fiat will die and gold will return to provide an anchor to credit system values. We know that from the dawn of monetary history, money is gold. Banking, as we know it today, was developed in England by London’s goldsmiths who began to receive the gold and silver
A Brief History of the Gold Standard Read More »
Key Points: U.S.-led West will soon witness the end of the dollar’s preeminent position in international trade and all of fiat will follow, writes Patrick Barron on behalf of The Mises Institute. Barron says the recent BRICS summit in Johannesburg, South Africa, included “an agreement on a first step toward establishing an alternative international trade
BRICS Will Break the Dollar and Usher a Return To Gold – Mises Institute Read More »
The federal government has added $1.3 trillion to the national debt in just three months. Month after month, the federal government blows through roughly half a trillion dollars. The federal government has paid more than half a trillion dollars ($561 billion) on interest payments alone in fiscal 2023. Based on the current interest payment, The
National Debt Grew By Over $1.3 Trillion In Just Three Months Read More »
The BRICS formal invitation of Argentina, Egypt, Ethiopia, Iran, the United Arab Emirates, and Saudi Arabia to join the bloc moves the world a step closer to a “very dangerous phase” for the U.S. and the next major conflict, according to Willem Middelkoop, … “They are building a very powerful anti-western alliance, and it’s more
“$1 trln in new leveraged credit last five years faces its day of reckoning,” Bank of America strategist Yuri Seliger said in a note on Friday. Most of that debt has been created by below-investment grade companies through high yield loans or bonds. Around $400 billion assets are considered to be in “pre-distress,” while $150
A U.S. lawmaker has accused the Federal Reserve of quietly working on a central bank digital currency (CBDC) — which he likens to “building the financial equivalent of the Death Star.” Rep. Warren Davidson of Ohio believes it would create similar authoritarian powers for the nation’s central bank to “corrupt … [coerce] and control” Americans
