by Greg Hunter, USA Watchdog: Analyst and financial writer John Rubino has a new warning about being fooled into thinking the economy is improving because inflation and interest rates have fallen some recently. Rubino says, “If the U.S. government is running crisis level deficits, which it is right now, borrowing money and paying interest on […]
by Michael Maharrey, Schiff Gold: Greenlight Capital reported a major increase in its exposure to gold as the hedge fund’s founder worries about the direction of the markets. In a Q3 letter to investors, David Einhorn expressed concern about geopolitical uncertainty, the rising price of oil, and inflation. Greenlight famously shorted Lehman Brothers before its 2008 failure. […]
from Birch Gold Group: This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Gold forecasts ahead of the election, Powell feints as U.S. economy crumbles, and Kuwait bolsters its place on the list of gold consumers. Experts forecast a shaky dollar will send […]
by Michael Maharrey, Schiff Gold: Mainstream media pundits and politicians generally act unconcerned about the skyrocketing national debt and ever-growing budget deficits, but somebody has taken notice. On Friday, Moody’s Investor Service lowered its outlook on US government credit from “stable” to “negative.” This could be a prelude to a downgrade in the country’s AAA credit rating. The […]
by Peter St. Onge, Activist Post: Sovereign debt is eating the world. Lining up a financial crash that could make 2008 look like a picnic. How did we get here? In short, governments and central banks deluded themselves into thinking that unlimited deficit spending financed by unlimited money printing won’t do what they’ve done for […]
by Jan Nieuwenhuijs, Gold Seek: Because central banks are the root of the modern money tree, they can use entries in their gold revaluation accounts to turn into capital, pay for expenses, or transfer it to their respective Treasuries. In addition, gold revaluation accounts can be used to cancel government bonds held on central bank […]
by Jim Quinn, The Burning Platform: What fool would buy 30 Year US Treasuries when the US is adding $2 trillion per year to the national debt? The US has to issue debt to pay the $1 trillion in annual interest on the existing debt. It is like you running a $50,000 balance on your […]
from Arcadia Economics: TRUTH LIVES on at https://sgtreport.tv/
by Peter Schiff, Schiff Gold: Silver demand for industrial applications, jewelry production and silverware fabrication is expected to nearly double over the next 10 years. According to a report by Oxford Economics commissioned by the Silver Institute, the demand in these three sectors is forecast to increase by 42% between 2023 and 2033. Industrial, jewelry and silverware production […]
from GoldSilver (w/ Mike Maloney): TRUTH LIVES on at https://sgtreport.tv/
