The release of better-than-expected jobs data after the number of Americans filing new claims for unemployment benefits was lower than forecasted. Both gold and silver are trading flat.
The stated policy is to devalue the currency by 2 percent every year. That means you lose 10 percent of your purchasing power every five years and 20 percent each decade.
The revaluation of government gold reserves to create money isn't a new mechanism. It's a mechanism whose last exercise in the United States is so old that few people are aware of it.
Inflation just gave the Fed what it needs to see to believe it can still touch down with a perfect soft landing by cutting interest rates a notch in September.
In 2024 so far, Uncle Sam paid over $956.3 billion in interest, over 23% of taxes collected. The only spending category bigger than interest on the debt is Social Security.
If you are concerned that the U.S. could pull the "dollar rug" out from under you, why not pull out from the dollar system first? Gold is the perfect reserve asset.
Here are just three recent examples of how the “deep state” or the permanent government is conspiring to restrict political dialogue in the United States.
The high-security gold and silver storage compound cost $28 million to construct, can hold upwards of $100 billion in gold and silver, and can be further expanded to 60,000 square feet.
