Your investments, which you think you may own, can be absorbed into the failing financial system without your knowledge. We are in a doom-loop -collapsing collateral values – over $400T nominal in interest rate swaps – this crisis is forcing bond liquidations. In a test case in the New York courts concerning Lehman’s failure, JPMC […]
Unwinding the Financial System Read More »
Stock investors aren’t paying attention to “demons on the horizon,” Jeffrey Gundlach says. The DoubleLine Capital boss sees a recession next year as companies and consumers feel the squeeze. “The economy is only growing because we have a budget deficit that is 8% of GDP,” he said. “It’s about the same today as the depths
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 »
President Biden signed an executive order last year urging government agencies to research a potential central bank digital currency. CBDCs are a despotic innovation, of the sort that have besieged us during the past five years—lockdowns, mask and vaccination mandates, “antiracism” policies, “green new deals,” projects to suppress “misinformation” and so on. Only more recently has it
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Indian Oil Corp. used the local rupee to buy one million barrels of oil from the Abu Dhabi National Oil Company — not the U.S. dollar. First, the two giants agreed to settle trade in their local currencies — in an effort to cut transaction costs and eliminate dollar conversions. India and the UAE are
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
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
The Dollar Failure: Challenges of a Shifting Global Reserve Currency Read More »
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,
Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar Read More »
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
Revival of Gold as Central Banks Bring their Gold Home Read More »
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
