Maharrey highlights a looming threat to the U.S. dollar's dominance and its potential long-term impact on the economy.
The Fed clearly had to cut, because stocks and housing were at all-time highs, with the unemployment rate at a Great Depression level of 4.2%.
The new "dot plot" shows 17 FOMC members expect interest rates to drop to 4.4% this year, indicating another half-percent cut.
What can the average person do to protect himself? I doubt the US is ready for real reform of its highly taxed and regulated economy.
Why a crisis-level cut? Well, for me the answer is obvious: We’re already sliding into a stealth recession, and the Fed fears that is true.
Russian businesses are using gold to pay Chinese suppliers as a way to skirt economic sanctions.
On the latest Money Metals podcast, Mike Maharrey talks with Greg Weldon, CEO of Weldon Financial, about inflation, central bank policy, consumer debt, and the BRICS-led global shift.
Prices could initially drop by 50% or more, with further declines likely, as it's improbable that this event can be reversed quickly.
We won’t get the August consumer credit data until next month, but we can get a sense of what’s going on by looking at the July numbers.
BCRA is now estimated to have 37 tonnes (60% of Argentina’s gold reserves) on swap in the London Bullion Market.
