Gold Sees What Washington Doesn’t
Key Takeaways The US national debt breached $40 trillion, adding roughly $65 billion in debt per day over a 22-week span with little political reaction In response to surging long-term...
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Key Takeaways The US national debt breached $40 trillion, adding roughly $65 billion in debt per day over a 22-week span with little political reaction In response to surging long-term...
Key Takeaways Gold is no longer just reacting to Federal Reserve interest rate hikes or cuts; it is now pricing in the structural deterioration of sovereign balance sheets The US is currently...
Rising debt levels and delinquency rates are reaching levels not seen in years, signaling worsening household financial stability The US national debt has reached nearly $39 trillion, creating...
Analysts at Bank of America made waves recently when they stated that gold could become the “last perceived safe haven standing” Those same analysts believe that gold could hit $3,000 an ounce by...
The US government is spending so much money these days that it’s becoming unfathomable even to grasp the amounts Back in 2008, a one-time $700 billion bank bailout was considered a huge amount of...
If the thought of a $34 trillion national debt seems too big to imagine, that’s probably because it is It’s a sum so huge that it’s nearly impossible to comprehend Many people like to...
One of the problems facing markets today is that many market actors believe that federal policymakers and regulators have the ability to fix the economy They have placed their trust in the Federal...
The US dollar has been the world’s reserve currency for close to 80 years now The American population has become used to the dollar being in demand around the world, as have US...
While legal codes govern modern life today more so than in centuries past, they’re not the only sets of rules in our legal system Case law, or precedent, is just as important Precedent isn’t...
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...
After Hamas’ attack on Israel, tensions in the Middle East have been rising The United States has, not surprisingly, given a significant amount of support to Israel And now the Biden administration...
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...
With the past few years having been so turbulent, there was hope that 2023 would bring a return to normalcy After COVID, a disputed election, a Russian invasion of Ukraine, and a year that saw both...
Last week rating agency Fitch downgraded the US government’s debt rating from AAA to AA+ It was an unexpected move, and caused ripples in the market But markets seem to have shrugged off the move...
Before Congress raised the debt ceiling, we were told that failure to do so would harm the US economy and US markets We were told that the debt ceiling had to be raised, otherwise all manner of...
At the beginning of the 20th century, Argentina was one of the world’s ten richest countries The country was so wealthy that “rich as an Argentine” became a common expression But over the...
Things appear to be coming down to the wire in the latest debt ceiling negotiations, as the US government may be within weeks of running out of options for avoiding default Now both sides are...