I don’t doubt that the US could impose foreign exchange controls as the dollar gets weaker. The country is becoming socially, financially, economically, and politically unstable.
If oil started shipping out of Iran, it wouldn’t arrive here in time to stop oil supply from going critical later this month. That level of shortage is already a fait accompli.
Whether driven by war-related spending, monetary expansion, or a combination of both, Maharrey believes the conditions are in place for another major inflationary surge.
The FBI allegedly found that Rush made several requests to the government to obtain a “significant quantity” of foreign currency, as well as tens of millions of dollars in gold bars...
Gold involved in BIS swaps is believed held by a commercial bullion bank -- probably as a custodian of a gold exchange-traded fund -- and is swapped for dollars via the BIS...
While many mainstream analysts claim continued spending demonstrates the “resiliency” of the American consumer, desperate would probably be a better term.
Central banks have had every opportunity to sell, take profits and rotate back into traditional reserve assets. Instead, many are holding, some are still buying and others are bringing gold home.
This is one of the most important conversations we have about the global financial system, the politicization of dollar liquidity and the reason physical gold is quietly returning to the centre of monetary strategy.
There are two narratives competing right now for what is happening in the global economy. The first is a bullish growth story driven by AI, the most significant technological revolution since the internet...
According to the Financial Times, central banks globally hold 36,000 tonnes of gold. That is nearly as much as the peak of the Bretton Woods era, when the dollar was tied to gold...
