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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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Yellen Admits Sanctions Could Impact US Dollar Dominance as Concerns Mount Over Dollar Hegemony

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Her concern is how best to protect the international status of the US dollar as US financial sanctions have pushed more countries to seek alternative financial transaction methods that do not involve the US. China and other countries are actively promoting local currency settlements and multilateral cooperation, offering more choices and possibilities for the global

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Will Silver Ever Hit $50 An Ounce? Here Is The Answer And Must-See Charts

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Silver can and will hit $50 an Ounce. If silver trades above its secular breakout level of $28.80 by August 19th, 2024, silver might reach $50 still in 2024. This article provides insights into the conditions for silver to hit $50. In sum, we expect the big silver run to start in 2024 and move to $50

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$3K Gold? Banks’ 2024 Gold Price Forecasts Surge

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On July 3rd, Citi analysts introduced a model for understanding and predicting gold prices, aiming to revitalize investment in this asset with a comprehensive, regime-independent approach. The model explains annual gold price movements over the past 55 years and quarterly changes over the past 25 years, identifying key price drivers. Citi’s model highlights that investment

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Citi: $2,700 – $3,000 by 2025 – Gold Investment Demand to Rise

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Citi analysts have introduced a framework for understanding and forecasting gold prices. Central to Citi’s framework is the idea that investment demand, from both private and public sectors, as a share of gold mine supply, is the primary driver of gold pricing. Citi forecasts that gold investment demand will continue to rise, potentially absorbing almost

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The Gold Market is Well-Positioned for the Second Half of 2024 – World Gold Council

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“There’s a clear path for gold to outperform from here, likely fueled by Western flows.” Year-to-date gold prices are up roughly 12%; the yellow metal is one of the best-performing assets in global financial markets, Artigas said. Artigas noted that gold has been able to withstand these traditional headwinds due to robust retail demand in

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