Via International Man by Jeff Thomas The average person in the First World receives more information than he would if he lived in a Second or Third World country. In many countries of the world, the very idea of twenty-four hour television news coverage would be unthinkable, yet many Westerners feel that, without this constant…
Krakenimages.com / Shutterstock.com Inflation leads to higher bills everywhere, from our favorite grocery store to the car dealership. It also can reduce the value of some key tax deductions and exemptions. A handful of seemingly straightforward federal income tax breaks are not indexed for inflation, meaning they are not automatically adjusted every year or so…
Via Birch Gold Group From Peter Reagan at Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Goldman Sachs raises year-end gold forecast to $2,500; why gold shines bright even after a losing Q2; and Zimbabwe rediscovers gold as a cornerstone…
Read More “Goldman Sachs Predicts a Heart-Racing Gold Price Spike – Investment Watch” »
by MN Gordon on Economic Prism: Today, in the form of a Sunday preacher, we begin with several lines from the Good Book. The King James Version is used for added rhetoric. “And he spake many things unto them in parables, saying, Behold, a sower went forth to sow; And when he sowed, some seeds…
Read More “How central planners sow seeds of economic ruin – Investment Watch” »
By Lance Roberts MMT Policy (Modern Monetary Theory), the grand experiment, was tried following the pandemic-driven shutdown of the economy. It failed miserably. However, before we get to its failure, we need to review the policy to understand why it failed to work as anticipated. According to Investopedia: The central idea of MMT is that…
Read More “MMT Policy Was Tried, And It Failed. – Investment Watch” »
By Ronni Stoeferle Inflation rates are currently climbing to one multi-decade high after another. And leading central banks are responding by raising interest rates at an ever-increasing rate. In mid-July the Bank of Canada raised its key interest rate by an astounding 100 basis points, to 2.5%, after the Federal Reserve hiked rates by 75…
Read More “5 Reasons Why Interest Rate Cuts Are Already Around the Corner – Investment Watch” »
Via Birch Gold Group By Ron Paul As you might imagine, the last time I spoke to the team at Birch Gold Group, the topic of inflation came up. I think this is a crucial matter for every American to understand. Let me start with a fact about how money used to work. According to…
Read More “Why (and How) the Fed Could Incinerate Your Savings in One Month – Investment Watch” »
by Michael History will look back on us as “the crazy plastic people”. We produce approximately 400 million tons of plastic each year, and a great deal of that plastic ends up being discarded in various ways. Over time, the discarded plastic breaks down into smaller and smaller pieces. Once they get small enough, the…
We don’t really care if June marked the inflation peak or not. Yesterday’s revelation that wholesale (PPI) commodity prices rose by 23.4% on a Y/Y basis in June is the far more important data point. As it happens, that was the highest gain since the 28.9% Y/Y increase posted 75-years ago (June 1947) as the…
Read More “How the Fed fostered double-digit inflation…..again! – Investment Watch” »
Via ZeroHedge With Europe still on edge over the risk of an extended Nord Stream shutdown in 24 hours, moments ago Russian President Vladimir Putin eased tensions when he said that Russia would fulfill its commitments to supply natural gas to Europe, but he warned that flows via the Nord Stream pipeline could be curbed…
