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.
Inflation is theft of wealth from the economy’s future. The truth of the matter is that inflation really isn’t going anywhere. Damage has been wreaked on the health of the economy.
Other than saving with physical assets, precious metals, land, things of value, or perhaps a business that you understand and run yourself, you’re forced to be a speculator.
Gold is real money and the original measure of value for everything else. The U.S. dollar and all fiat currencies are substitutes for real money/gold. All governments inflate and destroy their own currencies.
Can a crash can still set up for much later this year? The answer is, "of course." Can we still get to the all-time high? And, the answer is also "of course."
