This series of events that echoed throughout the American Civil War effectively ended North Carolina’s growth and leadership in gold mining and the private minting of sound money.
Some may remember how China’s economic and currency troubles several years ago did some serious damage in the US. Well, those troubles are much bigger this time.
Declining real wages are indicative of what the U.S. government and the Federal Reserve have done to your money. And it's inevitable when you have a fiat currency detached from real money – gold and silver.
Inflation is a regressive tax. The hardest hit are wage earners, savers, and pensioners on fixed incomes – as well as those who own few or no tangible assets.
The probability of a recession is starkly high based on the extreme period in which the yield curve—which the Fed says is its best recession predictor—has remained inverted.
Middle- and working-class Americans suffer the brunt of inflation, which is properly defined as the central bank pumping money into the economy thus reducing the dollar’s purchasing power.
The Fed has been consistently telling everyone what it will do, and with inflation creeping back up and the jobs metric that the Fed is watching holding strong, there is no leeway for the Fed to pivot.
Bullion investors are naturally concerned about unsound monetary and fiscal policy. Many of them buy precious metals, in part, because they recognize the federal government is out of control when it comes to borrowing and spending.
The Biden Treasury Department along with the Federal Reserve have been actively exploring the possibility of issuing a digital dollar. Trump vowed to stop it from moving forward if elected President.
