The US dollar is in a critical state. With an alarming 34 trillion debt, unfunded liabilities approaching 200 trillion, and perpetual wars, the situation is grave.
It’s unfair for the U.S. government to tax capital gains on gold and silver. Those “gains” are the result of the debasement of paper money, which is the fault of the U.S. government!
Rates will have to come up more to drive inflation down, and the longer Powell denies that, the worse it will be. The market still hasn't prepared for “harder and longer” tightening.
Schiff predicts explosive growth in undervalued precious metal stocks and expects gold to reach $10,000 to $20,000 soon, with silver potentially outpacing gold in growth.
AI is going to be huge. We’re really on the cusp of the biggest revolution in world history. The avalanche of new wealth that will be created will effectively eliminate poverty.
While investors think six months of falling inflation should prompt Fed rate cuts, they ignore that nearly six months of rising inflation now should be enough for the Fed to raise rates.
Mike Maharrey dives into the current state of the economy, inflation, and the Federal Reserve's monetary policy. He also describes inflation as a "zombie" that never truly dies.
Several states have taken steps to block the use of central bank digital currencies within their states. That is a welcome step that will slow down the adoption of CBDCs.
