There’s a growing narrative forming around how Russia is going to reshape the global monetary system through oil, rubles and gold. There are more than a few things wrong with this narrative.
The two precious metals advocates weigh in on reports of Russia trading oil for physical gold, an economic shift with the potential to turn the paper market on its head.
Bullion is easy to buy and sell, private, simple to transport, and compact enough to be securely stored at home. It does not physically depreciate or rot.
Biden’s budget estimates an increase in the federal debt to 44.8 trillion dollars in ten years. Of course, the final spending bill approved by Congress will likely spend more on welfare and warfare..
Counting on the Fed to ride to the rescue when the bubble finally pops? You had better have a Plan B, and for good measure, a Plan C, since America could be in for something far worse than..
Since 1971, the global reserve status of the US dollar has been underpinned by oil, and the petrodollar era has only been possible due to both the world’s continued use of US dollars to trade oil and the USA’s ability...
Evidence continues to mount that a recession is coming soon. The latest was this week’s “inverted yield curve” with the 2-year Treasury yield briefly exceeding the 10-year..
