Posts Tagged ‘Gold’
US Dollar Weakness Continues
The evidence that the US Dollar is continuing to weaken globally continues to grow by the day. “Nikkei Asia” reported that the Chinese currency has now outpaced the US Dollar in Chinese cross-border transactions. Here is an excerpt (emphasis added) (Source: https://asia.nikkei.com/Business/Markets/Currencies/Yuan-exceeds-dollar-in-China-s-bilateral-trade-for-first-time): The yuan was used in 49% of China’s cross-border transactions last quarter,…
Read MoreHow the Dollar Could Lose Reserve Status Quickly
Last week, I commented on the deal to increase the debt ceiling, offering my take that the Federal Reserve will be forced to fund the majority of future deficit spending, culminating at some point with an ugly economic reset. Part of what I believe is eventually coming is the displacement of the US Dollar as…
Read MoreBroke Government
With the debt ceiling drama debate now complete, ending as expected with an agreement to continue to operate with monster deficits for the foreseeable future, it’s a good time to discuss how far down the road the collective group of Washington politicians will be able to kick the public debt accumulation can. While…
Read MoreMore Evidence the US Dollar is Dying?
The move away from the US Dollar around the globe continues to accelerate, as confirmed by a brief review of the headlines from the past week. This is from Michael Maharrey (Source: https://schiffgold.com/key-gold-news/china-brazil-trade-deal-ditches-the-dollar/): More bad news for the dollar. Last week, China and Brazil announced a trade deal in their own currencies, completely…
Read MoreThe Problem with Fractional Reserve Banking and an Interesting Irony
Last week, I discussed the failure of Silicon Valley Bank and the harsh realities of the fractional reserve banking system. Since I wrote that piece last week, there have been more bank failures and bank rescue packages. Signature Bank followed Silicon Valley Bank. Credit Suisse was propped up with a $54 billion…
Read MoreStagflation Imminent?
Last week, I discussed the inevitable outcome of government overspending and central bank overprinting. This outcome will be as ugly as it will be predictable in my view. Eventually, inflation will give way to an ugly deflationary environment. In the meantime, we will probably see stagflation – rising consumer prices and falling…
Read MoreOrwell and Gold
In reading an article penned by Egon von Greyerz this past week, I was reminded of the prescient writings of George Orwell as it relates to where we now find ourselves economically and politically. While I would encourage you to read the entire article for yourself, let me share some excerpts with you…
Read MoreLong-Term Stock Forecast
While the overall stock market trend remains down, stocks did begin to show some signs of life last week, technically speaking. As the chart below, a weekly chart of an exchange-traded fund that tracks the S&P 500, illustrates, the longer-term downtrend line in place since the beginning of calendar year 2022 may have been broken…
Read MoreAre Currency Changes Imminent? – Part 2
The big news in financial markets last week was the big decline in US Treasuries. Not surprising given the news I discussed last week; Russia has now loosely tied its currency, the Ruble, to gold and required any country that Russia deems to be unfriendly to use Rubles or gold when trading with Russia.…
Read MoreAre Currency Changes Imminent? – Part 1
Despite the ever-so-slight rally in stocks this week, I view the primary stock market trend as down. Unless the market highs of the end of 2021 are exceeded, this will be the case. This week, I want to discuss an event that has not been covered extensively so far as I can tell. …
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