The world's money supply has exploded. And yet monetary metals prices in the last 12 months have fallen -- yes, fallen –- gold by 7% and silver by 3.5% -- perhaps the only major assets with prices that have fallen.
Curiously, a metal that often gets left out of the hype over lithium-ion batteries is graphite. There is no substitute for graphite in an EV battery and lithium-ion batteries are ..
With 40% of money in the US being created in the last 2 years, we ask Lawrence if the Fed is trapped. If so will this mean that it is going to be very difficult for them to raise rates or attempt to taper..
To summarize the concentration of these three sectors in total GDP: 31.35% - Federal Government, 15.2% - State and Local Government, + 22.3% - Finance, Insurance, Real Estate = 68.85%
ETFs cut 86,759 troy ounces of gold from their holdings in the last trading session, bringing this year's net sales to 8.3 million ounces -- This was the eighth straight day of declines..
Of course, Americans who have shopped at a grocery store recently or tried to rent or buy a car don’t need to read a government report to discover that prices are surging. In many respects, inflation is even worse than reported officially.
I’m not suggesting the country is anywhere close to dropping the dollar as the reserve currency. I only wish to point out there is a fundamental disconnect, in the United States, between domestic policy and the international monetary order.
So, we are facing a depression, originating not in financial events but in the displacement of people, transport and other elements. Facing a system failure with a known cause is one thing. Facing one for which you have no model is another.
