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As the Federal Open Market Committee (FOMC) meets this week, Wall Street’s hopes for a rate cut seem to be fading Between last week’s jobs numbers and this week’s CPI figures, the case for...
With fears of recession rising, and growing uncertainty over the future of the economy, it seems that more and more people are looking towards gold and silver as safe haven assets Both gold prices...
While fear of recession may be growing in some quarters, so too are fears of stagflation The very term brings back memories of the 1970s, with high inflation, stagnant economic growth, and general...
According to recent data published by the Federal Reserve, over 80% of Americans are worse off now financially than they were before COVID The top 20% of households are actually in slightly better...
For years the national debt has been rising steadily upward But every time someone tries to warn about the unsustainable nature of that rise, the media steps in to tell us not to worry “We owe...
The latest inflation report seems to underscore one of the problems with official inflation figures While the 32% headline inflation figure remains above the Fed’s 2% target rate, it doesn’t seem...
The concept of the US dollar failing seems so far-fetched that it almost seems outside the realm of possibility For nearly 80 years the dollar has been the world’s reserve currency, and it remains...
Many Americans reflexively trust experts when it comes to issues with which they don’t have much experience Whether it’s doctors, lawyers, or economists, they trust that the experts are devoted...
Hyperinflation is something that no one wants to experience We all know about countries like Venezuela and Zimbabwe, where hyperinflation has ruined economies and destroyed people’s standard of...
Once net sellers of gold, central banks in recent years have become net buyers of gold In fact, by some estimates central banks around the world now hold more gold than ever But why are they...
Inflation is a silent killer As John Maynard Keynes’ famous quote about Lenin goes: “Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency...
Debt is a lot like fire in that it can be a useful servant but a cruel master For most people, debt is an unavoidable part of our reality While many people can afford to pay cash for a car, most of...
