Just after I wrote US debt had suddenly become an inferno that is rapidly raging out of control, credit-rating agency Fitch decided to agree with me by downgrading the US credit rating.
Each time the Fed creates a major recession, things couldn't look better until about a hundred feet above the tarmac when wind sheer cartwheels their plane into a nosedive.
Now that Americans have accepted some inflation, big business have raised prices more than their costs have risen in order to benefit themselves at the cost of the middle class.
The safest bet on rising precious metals prices is to buy physical bullion. Widely recognized coins, rounds, and bars tend to offer best liquidity and lowest premiums over spot.
Meanwhile in the USA, the villagers are being gaslighted by a regime who says the economy is on fire and setting all-time highs for jobs, growth and other success metrics.
The gold swap data reveals the financial reality on Planet Earth: all financial values are rigged by a totalitarian system and not determined by markets.
Why a central bank needs the BIS to undertake these gold swaps isn't clear, but the swaps are likely connected with short-term trading needs, which could include suppressing the gold price.
Canada’s food inflation was 9.1% year-over-year in June. Despite U.S. inflation falling to its lowest annual rate in more than two years in June, food prices still rose 0.1% on the month.
We talk frequently about the way central banks and governments affect the economy. In the grander scheme of things, though, whatever the Fed does is more like throwing a hand grenade into a large building.
