Central bank financial repression policy leaves savers around the world with few choices. Last week the price of gold soared to a five year high after central banks around the world indicated they would push interest rates lower and print more money to keep interest rates low. Essentially either pushing savers to or keeping them […]
According to reports in the media, late Friday senior officials from President Trump’s administration confirmed that Iran had fired a surface-to-air missile late in the day on Thursday at an American drone flying over the Gulf of Oman. The missile fell into the Gulf and there was no damage. However, military officials have been saying […]
Last week the World Bank warned that global growth is slowing. At the same time, central banks around the world have signaled they are ready to start the printing presses again in one way or another. Also, recent comments from a Federal Reserve official about rising levels of corporate debt and financial stability (possible debt […]
Over the years we have heard from Congress and all the recent White House administrations that the reported numbers for economic growth and unemployment are the key indicators of a strong economy. Economists and government policymakers have said growth will eventually ease the debt burden the nation has accumulated over the years. So, there is […]
Since the US officially abandoned the gold standard in 1971, we all understand that we have experienced several dollar crises, periods of rampant inflation (and soaring gold prices). What we don’t all understand is that many of these crises were not accidental but coordinated economic policy events. When we look at our current economic policy […]
Long before the US Mint began offering gold and silver bullion coins, they issued, as part of their regular distribution, gold coins in 4 denominations. They were the $2.50 Quarter Eagle; the $5 Half Eagle; the $10 Eagle, and the $20 Double Eagle. Actual gold content of these coins ranged between .1209 to .9675 troy […]
Fed member warns about high corporate debt and possible negative shocks Trump may nominate conservative who favors gold standard to Fed Dow Jones Industrial average closes lower for the fourth week in a row
The US stock markets are deep in the red on Monday as China threatens to begin dumping US Treasury bonds. Economists are warning that the trade wars are threatening dollar dominance. Flooding the market with Treasuries would push down US bond prices and cause the yields to spike. A slight increase in bond rates last […]
President Trump said he will increase trade tariffs on China Sunday afternoon President Trump unexpectedly said trade talks with China were going slow and that he was going to raise tariffs on China from 10% to 25% on Friday, May 10th, he also said the tariffs so far are partially responsible for our great economic […]
Today in the United States many workers can no longer rely on their employer for lifetimes support through pension plans. Most people must build and contribute to their retirement through IRA or other retirement plans.
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