The unemployment rate peaked at 14.7 percent, the highest in the post-World War II period. Inflation reached its highest rate in 40 years, prompting the Fed to raise short-term interest rates to their highest levels since 2007. Federal Reserve banks opened for business in November of 1914. Historical CPI data from MeasuringWorth show that the […]
The Fed Hits 3,000 Percent Inflation Read More »
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,
Fitch Cuts US Credit Rating a Notch From AAA to AA+ Read More »
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 »
Silver gained strong upside momentum as gold/silver ratio declined from 84 to 78.50. The Fed may soon make its last rate hike in this cycle, so demand for precious metals could grow as traders prepare for future rate cuts. A combination of positive catalysts could push silver towards the $30 level. Falling gold/silver ratio, rising
Silver Price May Test $30 This Year Read More »
