US commercial real-estate (CRE) crisis is spreading like cancer to banks around the world. The news is flooded with stories about the global spread of the CRE crisis.
Russia’s investment in gold appears to have paid off. The country has a lot of gold. There are always people and institutions that want gold – sanctions or no sanctions.
Ron Paul wants to restore sound money and the gold standard and end the Fed’s manipulation of the monetary system that causes inflation and depression.
Jerome Powell is serious about inflation. The Fed has told us what it is going to do. We should believe it. Higher and tighter for longer until something breaks.
The FOMC removed “strong and resilient” about banks from its meeting statement because they saw big banking problems about to break out with the timing of their meeting.
The problem with financing economic growth with borrowing is that it’s expensive and credit cards have an inconvenient thing called a limit. Americans feel the strain.
CBDCs will make fines and civil asset forfeitures and freezes easier when your money is in the central bank. It’s one more reason to own gold—but not store it in a US safe deposit box.
Mike cites the January jobs report as an example of the good news is bad phenomenon and makes the case that we probably shouldn’t put a lot of stock on these government numbers to begin with.
