Exploring federal budget data is a journey through endless rabbit holes, some of which are eerily close to Alice in Wonderland insanity. Countless variables interact in unexpected ways.
Recently, several major banks were unable to process hundreds of thousands of payments for days. The issues were a technical glitch with the Federal Reserve System.
The US government seized full control of gold within the US during the Great Depression; it made owning gold illegal from 1933 to 1974. So, consider no asset assuredly safe.
Manipulation of the gold market also manipulates other markets insofar as the price of gold powerfully influences interest rates and the price of everything else.
We used to worry that someday the deficit would hit a trillion dollars a year, and then it did that and worse for each of the last four years. We’re snowed in!
Stocks are perched very precariously right now with no fundamental means of support from the economy and not a lot of immediate chart-dynamic support either.
