By trying to avoid the pain of normal corrections and crashes of financial situations that should never have built up in the first place, the Fed builds up bigger cataclysms to come...
It is impossible to say whether the President (or whomever is running his social media) is being moronic or dishonest. Both are, unfortunately, equally plausible.
Count on the Financial Times to disparage gold and its advocates even when the newspaper is forced by price action to acknowledge that readers might have some interest in the monetary metal.
BIS refuses to explain its activities in the gold market, nor for whom the bank is acting. The BIS has almost certainly acted on behalf of central banks, as they are the BIS’ owners.
The labor market refuses to cooperate with the fantasies of stock and bond investors. Bond market destruction, defaults, and crashing banks will take us deep into this recession.
Some people think we could easily balance the U.S. budget by (insert simplistic idea here). Some problems, like the National Debt, are so big we can’t even understand them, much less solve them.
It’s going to be a huge mess. That is why the Fed has never exited a tightening period without creating a recession and will not do so now even though the market feverishly believes this time will be different than all others.
CEO Gleason: "For almost a decade, we've provided an opportunity for students to further their understanding of sound money through our annual scholarship competition."
Of concern to our present study is Poland, eligible for eurozone inclusion, which is buying large volumes of gold which reaffirms the existence of the agreements.
