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David Stockman on Why Money Printing Doesn’t Generate Economic Growth
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David Stockman on Why Money Printing Doesn’t Generate Economic Growth

To understand the Fed’s culpability for the inflationary disaster afflicting the American economy, it is necessary to start with the Big Lie that underlies all of its destructive machinations: the claim that market capitalism gravitates toward cyclical instability, recession and chronic shortfall from its potential Full Employment path. From this presumption, there flows an alleged...

Save, Invest, Speculate, Trade or Gamble?
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Save, Invest, Speculate, Trade or Gamble?

For some time, I’ve been saying that the economy is in the “eye of the storm” and that when it emerged, the weather would be far rougher than in 2008. The trillions of currency units created since 2007, combined with artificially suppressed interest rates, have papered over the situation. But only temporarily. When the economy...

“The Bank Was Saved, and the People Were Ruined.”
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“The Bank Was Saved, and the People Were Ruined.”

The above quote is from William Gouge, commenting on the Panic of 1819. The panic had been caused when the First Bank of the United States had first expanded the money supply dramatically by offering loans, then contracted the money supply by tightening its requirements for new loans, causing a crash. This is a useful...

Doug Casey’s Next 5 Shocking Predictions…
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Doug Casey’s Next 5 Shocking Predictions…

Editor’s Note: The 2020s are shaping up to be a volatile time on multiple fronts. Globally, the Covid-19 pandemic has ushered in the most extreme government controls in history. Censorship is growing rapidly in the West. Economically, the US government has proven that the US dollar is no better than any other fiat currency, and...

A Question of Timing
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A Question of Timing

France, 1788.    Russia, 1916.    Germany, 1937. These dates have something in common. In France in 1788, political conditions had been getting questionable, but there was no apparent need to panic. That came the following year, with the sudden outbreak of the French Revolution. From that point on, it was dangerous even to go out in...

David Stockman on Soaring Debts and Plummeting Yields…
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David Stockman on Soaring Debts and Plummeting Yields…

After decades of unhinged money-pumping, the Fed has driven real interest rates so low that there are no more bond investors — just traders and suckers. The former have driven the 10-year yield in recent days to just 150 basis points in nominal terms (and deeply into the red in real terms in the face...

How low can the gold price drop? Fed has ‘no excuse’ to not taper after blowout jobs report
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How low can the gold price drop? Fed has ‘no excuse’ to not taper after blowout jobs report

Bill Baruch, president of Blue Line Futures, discusess with David Lin, anchor for Kitco News, how to trade #gold and #silver after their largest single-day drop since June. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV) Follow Bill Baruch on Twitter: @bill_baruch (https://twitter.com/bill_baruch) 0:00 – Gold price reaction to jobs report 3:23 – How low can...

Why did gold price drop 2% today? More downside coming? Gareth Soloway on metals, stocks, Bitcoin
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Why did gold price drop 2% today? More downside coming? Gareth Soloway on metals, stocks, Bitcoin

Gareth Soloway, chief market strategist at InTheMoneyStocks.com discusses with David Lin, anchor for Kitco News, his outlook for #gold, #stocks, and #bitcoin. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV) Follow Gareth Soloway on Twitter: @GarethSoloway (https://twitter.com/GarethSoloway) 0:00 – Gold price action 4:40 – Stocks 10:20 – Gold price outlook 12:56 – Valuations and inflation 15:00...

Are crypto investors about to pay more taxes? Frank Holmes on new IRS rules, gold, metaverse
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Are crypto investors about to pay more taxes? Frank Holmes on new IRS rules, gold, metaverse

Congress may be about to enforce crypto brokers to submit more client information to the Internal Revenue Service. This comes as the new Senate Infrastructure bill contains language that could affect crypto investors in the U.S., while being vague about what constitutes a “broker.” Frank Holmes, CEO of U.S. Global Investors and executive chairman of...