From International Man: “It’s possible to have more than one reserve currency.” These are the recent words of Jerome Powell, the Chairman of the Federal Reserve. It’s a stunning admission from the one person who has the most control over the US dollar, the current world reserve currency. It would be as ridiculous as Mike...
Category: Economy
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Gold price has only done this three times in history, brace for explosive moves – Gary Wagner
Gary Wagner of TheGoldForecast.com discusses gold’s trajectory, given a highly volatile week with David Lin, anchor for Kitco News. 0:00 – Gold’s news drivers 11:00 – Gold and the dollar 14:30 – Bond yields 17:24 – Outcome of war in Ukraine 24:00 – Gold price outlook Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV) Follow Kitco...
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Putin’s Options
There’s no doubt that the financial sanctions put on Russia by the U.S., the U.K., EU members and others are the most severe ever imposed. The U.S. Treasury has announced 15 separate sanctions programs in recent days and no doubt more are on the way. The targets of these sanctions include Russian banks, Russian stocks...
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Central banks must switch to a war footing
The world has changed over the past two weeks and central banks’ policy cannot stay the same, especially in Europe. War brings a policy conundrum for global leaders, with potentially diverse geopolitical and economic outcomes. Once the genie of military action is out of the bottle, it is hugely challenging to put it back. Even...
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Ukraine conflict cripples G20 but unifies G7
Russia’s invasion of Ukraine crystallises key shifts underway in global governance. Among others, it will cripple the G20 and elevate the G7. The G20 leaders process was born in a unique moment in history, the foundations for which have now collapsed. Just as G7 leaders started meeting at a time of global economic upheaval with...
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Can WW3 be triggered by Russia’s invasion of Ukraine? Rick Rule: Gold price to triple in 5 years
Putin’s war in Ukraine has caused significant moves in major commodities. Since the invasion of Kiev on the 24th of February, the prices of oil, gold, uranium, and even soft commodities like wheat have all surged. Rick Rule, director of Sprott U.S. Holdings, discusses the market implications of the invasion of Ukraine with Michelle Makori,...
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Doug Casey Debunks the So-Called “Green Economy”
International Man: Politicians, the media, and large corporations promote solar and wind energy as replacements for fossil fuels. Western governments are trying to pick winners and are subsidizing wind and solar energy to the tune of billions. What’s going on here? Doug Casey: Solar and wind energy can be useful. But generally only for special...
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The Globalists Turned Out To Be Morons
Think about this for a second. The people running the world’s economy decided it would be a good idea to spread supply chains over multiple countries so that everyone does the thing they’re best at (the econ 101 term for this is “comparative advantage”). One country mines lithium, another combines it with materials from a...
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Mark Nestmann: Are You Ready For Nuclear War?
From the Nestmann Group: On February 24, Russian President Vladimir Putin shocked the world when he invaded Ukraine. While the situation remains very fluid, there are some important lessons to be learned from Putin’s actions – lessons that Western politicians and the mainstream media aren’t likely to share with you. The most important lesson is...
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Here’s Why US Threats Against Russian Gold Reserves Mean a Monetary Reset Is Imminent
“It’s possible to have more than one reserve currency.” These are the recent words of Jerome Powell, the Chairman of the Federal Reserve. It’s a stunning admission from the one person who has the most control over the US dollar, the current world reserve currency. It would be as ridiculous as Mike Tyson saying that...