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Bank Of America Expects Declining Silver Inventories To ‘Make The Deficits Count’

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With no resolution to the gap in sight, as the deficits are widely expected to continue for years into the future, a recent Bank of America report suggests that the declining inventories are starting to ‘make the deficits count.’ Their report also commented on China’s surging silver consumption, which has continued to grow in 2024 […]

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Consumer Sentiment Tumbles as ‘Recession-Like’ Symptoms Spread Among Americans

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The major reason is stubborn inflation cutting into people’s paychecks. Consumer sentiment in the U.S. dropped to an eight-month low in July, according to the Consumer Sentiment Index from the University of Michigan. In a 2024 poll, Gallup found that one-third of Americans mentioned economic issues as the nation’s most important problem. Consumer sentiment in

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Growing Perils of the Digital Economy: The Rise of the Digital Dollar

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Central bank digital currencies (CBDCs), often referred to as digital dollars, are rapidly gaining traction on a global scale. Over 100 nations are in various stages of developing their own versions. While advocates argue that these currencies could revolutionize financial efficiency and broaden access, there are significant concerns among freedom advocates that they could also

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Gold’s Safe-Haven Appeal at Its Highest Since 1971 as Economic Storm Brews

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The gold market now finds itself in a longer-lasting gold run than any since the U.S. fully abandoned the gold standard in August 1971. “Over the past five years, the weekly spot price of gold has increased by more than 70%, from around $1,400/oz. in June 2019 to over $2,400/oz in July 2024.” “Prices resumed

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The Global ‘Carry Trade’ Is Unwinding. Here’s Why It’s a Brutal Force Crushing Stocks Worldwide.

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The carry trade refers to investors borrowing money at near-zero interest rates in Japan, and then redeploying that cash into higher-yielding assets around the world, such as stocks and bonds. The unwind of the global yen “carry trade” is a force battering stocks. The Bank of Japan’s rate hike and potential Fed rate cuts triggered

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Mounting Instability in Banking Systems at Home and Abroad

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Economists are sounding alarms after several major banks failed the Federal Reserve’s latest stress tests. Notable institutions such as Citigroup, Bank of America, Goldman Sachs, and JPMorgan Chase fell short in meeting their liquidity requirements. While each bank had unique challenges, the overall results are concerning and raise questions about their ability to withstand financial

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Elon Musk Sounds Alarm on America’s Impending Bankruptcy Amidst Skyrocketing National Debt

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Elon Musk, “America is going bankrupt btw.”  Warns of America’s Looming Bankruptcy Due to Its Addiction to Over Spending The issue of America’s rising national debt has caught the attention of Tesla CEO Elon Musk. In a recent post on the social media platform X, Musk issued a stark warning: “America is going bankrupt btw.”

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Treasury Secretary Janet Yellen Downplays ‘Sticker Shock’ in US Grocery Stores Despite 25% Food Price Increase Since Pre-COVID

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Treasury Secretary Janet Yellen has brushed aside concerns about ‘sticker shock’ in American grocery stores, even though food prices have surged by 25% since before the COVID-19 pandemic. During a June interview with Yahoo Finance senior reporter Jennifer Schonberger, Yellen was asked if she had noticed the price hikes while grocery shopping. Yellen confirmed she

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Trump’s Record Far Superior to Biden’s on Debt and Inflation

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Over Biden’s near-four years in office, inflation is up roughly 20%. Under Trump, inflation was up 8%. Even adjusting for Bidenflation, deficits have been at least 50% higher under Biden than Trump.  Only a Ph.D. in economics who teaches at an Ivy League school would believe that these Biden policies will bring inflation and interest

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The Yield Curve and Christine Lagarde Agree – Don’t Expect a “Soft Landing”

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An inverted Treasury yield curve has historically been associated with economic downturns, preceding every recession since the late 1960s. Earlier this year, it set a new record for remaining inverted for more than 624 days, which was the 1978 record. The Wizards of Global Finance themselves like European Central Bank President Christine Lagarde are warning

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