Yale Economist Warns of Dollar Crash

Yale Economist Warns of Dollar Crash

The coming collapse in saving points to a sharp widening of the current-account deficit, likely taking it well beyond the prior record of -6.3% of GDP that it reached in late 2005. Reserve currency or not, the dollar will not be spared under these circumstances. The key question is what will spark the decline?
June 15, 2020 0 Comments
You Can’t Print Gold

You Can’t Print Gold

“The 10 Percent Golden Rule is rational and prudent. The U.S. government and Federal Reserve can’t pump this much money into the financial system and not trigger rapid inflation—and potentially even hyperinflation.  There is one thing that can’t be printed, and that’s gold. In fact, we may be looking at peak gold supply right now, which...
June 1, 2020 0 Comments
Silver scores biggest monthly gain in 9 years as U.S.-China tensions boost gold prices

Silver scores biggest monthly gain in 9 years as U.S.-China tensions boost gold prices

Silver futures on Friday posted a gain of nearly 24% for the month, the largest since 2011, with the industrial metal finding support as global economies continue to reopen from pandemic-related shutdowns.

Gold futures, meanwhile, rose for Friday’s session buoyed by U.S.-China tensions and global monetary stimulus measures.
May 29, 2020 0 Comments
Fed’s Extreme Measures Are a Very Bad Thing

Fed’s Extreme Measures Are a Very Bad Thing

The Federal Reserve and the US government are rerunning the exact same policies they turned to in the wake of the 2008 financial crisis, but on a much grander scale. We have bigger QE, more money printing, more government spending and bigger deficits. Case in point — the money supply grew at a record rate in April with no sign of slowing down.
May 29, 2020 0 Comments

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