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Commentaries

Christine Lagarde Wants the Euro to Rival the Dollar. Investors Prefer Gold

When investors look for safety, they still reach for something far older than the euro or the dollar. They reach for gold.

Take the Deal, President Trump

The recent US debacle in Yemen, where billions were wasted, civilians killed, and US military equipment destroyed, is just a taste of what the US would be in for if the neocons prevail.

Ludwig von Mises on Peace and Social Cooperation

The benefits of social cooperation extend internationally. We benefit from free trade with other nations. But in order to have free trade, we need peace.

Deficits Hasten Fiscal Death Spiral

Two days ago China announced it will give an additional $500 million to the World Health Organization over five years, to offset the expected loss of its top donor, the US.

The Deeper Dive: Big Beautiful Bull!

We’re now starting to actually go over a debt cliff. Our feet are sliding on the sandy rock of the rounding ledge of the cliff.

The Trump Trades Are Inflamed

There is a threat from the Japanese crisis for the US, too. Rising Japanese bond yields are raising competition for US Treasuries.

BIS Gold Swaps Have Collapsed 99% in Four Years

The BIS (Bank for International Settlements) reduced its gold swaps to 9.5 tonnes in March and to a mere 5 tonnes in April.

The Gold Beneath Our Feet

We're all looking for stability that won’t be swept away by the next economic storm. Gold has always been a symbol of what endures. In a world that feels increasingly unstable, gold is more valuable than ever.

Come On Moody's, Tell Us Something We Didn't Know!

Moody’s is the last of the major credit rating agencies to keep U.S. debt at a AAA rating. Standard & Poor’s cut the U.S. rating and Fitch followed suit last year, citing “the expected fiscal deterioration over the next three years.” We’ve known for years that the federal government is in a downward fiscal spiral.

Inflation Standoff

The COVID pandemic changed the economy in ways we still don’t fully understand. Jim thinks it pushed us into a new inflation cycle, which was already underway before Trump started imposing tariffs.

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