Death of the Dollar

Calm before the storm

by Alasdair Macleod, Schiff Gold: The writing of this market report was at a time of great volatility, due to it coinciding with the speech of the Hezbollah leader, Hassan Nasrallah. The drift of it appears to be that Hezbollah will support Hamas. If so, it means an intensification of the Palestinian crisis Which would […]

The Future for Fiat

by Alasdair Macleod, Schiff Gold: The day of reckoning for unproductive credit is in sight. With G7 national finances spiraling out of control, debt traps are being sprung on all of them, with the sole exception of Germany. Malinvestments of the last fifty years are being exposed by the rise in interest rates, increases which […]

BIS Gold Swaps Fell in September as Bank’s Substantial Trading Continued

by Robert Lambourne, Gold Seek: Active trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, continued in September. From information in the BIS statement of account for the month,  published this week — https://www.bis.org/banking/balsheet/statofacc230930.pdf — it is estimated that the bank’s gold swaps fell 33 tonnes in […]

“Some Deposits May Be Temporarily Delayed”: Downdetector Shows Service Disruptions At US Banks

from ZeroHedge: Downdetector has reported that several US banks are facing service disruptions on Friday morning. Meanwhile, users on the ‘free speech’ social media platform X complain that the Automated Clearing House system is down. Downdetector shows Truist, Bank of America, Chase, US Bank, and Wells Fargo are experiencing widespread outages and disruptions that began […]