07.12.25- Get Ready for Big, Beautiful Inflation
Peter Schiff

As is the case with many new regulations, the 2022 Inflation Reduction Act (IRA) had the opposite effect as what was implied by its name. President Trump campaigned on reducing inflation and bringing down prices.

But with major changes to the IRA now sealed into law under the banner of Trump’s “Big, Beautiful Bill” (BBB), what Americans are left with is an expansion of the money supply. That’s good news for gold, but terrible for American savers. Read More

07.11.25- And Now, for Something Entirely Different: How Passive Investing Is Inflating a Dangerous Bubble
MN Gordon

Have you ever heard of Aeva Technologies?

The company is headquartered in the heart of Silicon Valley, in Mountain View, California. It specializes in developing LiDAR sensors for self-driving cars and robotics.

Aeva uses something called frequency-modulated continuous wave (FMCW) technology. This can measure both distance and velocity simultaneously. It is referred to as 4D LiDAR. Read More

07.10.25- Inflated Dreams: How the Fed Blew Up Housing Costs
Peter Schiff

Consumer confidence remains in the dumps, thanks in large part to rising prices in essential goods and services like housing. Contrary to the Trump administration’s preference for lower interest rates, the solution to the housing affordability crisis is to end the Fed, which created and still sustains the problem. 

The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold. Read More

07.09.25- The Fallacy of “Measuring” Inflation
Patrick Carroll

One of the most rudimentary topics in mainstream macroeconomics is inflation, and specifically the different methods of “measuring” inflation, such as the Consumer Price Index (CPI) and Producer Price Index (PPI). These concepts are taught in practically every introductory macroeconomics course, and they play a role in policy discussions about the economy. Read More

07.08.25- Could Bitcoin Replace the Dollar?
Martin Armstrong

People continue to ask if Bitcoin will replace the dollar. They believe that the recent surge in Bitcoin indicates that it will topple the USD as the world’s reserve currency, but that is merely propaganda. You must understand that Bitcoin is simply a trading vehicle, not a currency. I cannot stress that point enough. My opinion has been unpopular, and clients have walked away due to my stance on crypto. That’s fine, as I am not in this for the money. I can only adequately inform my clients of the unbiased truth and hope that those willing to listen will heed the computer’s warnings. Read More

07.07.25- Fiat Currency Debasement Driving Central Banks to Gold
Mike Gleason

Well, during this holiday shortened week the metals are having decent success. Gold is up about $60 or 1.7% to come in at $3,342 an ounce. Turning to silver, the white metal is performing slightly better, up nearly 90 cents or 2.4% to check in at $37.05. Read More

07.05.25- And Now, for Something Entirely Different: Stand By for American Implosion
Kevin Barrett

Is the United States of America imploding? There are a multitude of signs suggesting as much, beginning with Trump’s June 2025 imposition of martial law on Los Angeles, America’s second-biggest city, to crack down on immigration protests that escalated into riots. Read More

07.04.25- And Now, for Something Entirely Different: Superintelligence Will Never Arrive
Jame Rickards

Readers know at least two things about artificial intelligence (AI). The first is that an AI frenzy has been driving the stock market higher for the past three years even with occasional drawdowns along the way. The second is that AI is a revolutionary technology that will change the world and potentially eliminate numerous jobs, including jobs requiring training and technical skills. Read More

07.03.25- Trump’s Handwritten Note to Powell: Lower Rates Abroad,
So Why Not Here?
Peter C. Earle

Do lower interest rates in other countries really mean the Fed is too tight?

Amid growing calls for the Federal Reserve to begin lowering interest rates, White House officials (and the president himself) have adopted the tactic of pointing to the nominal policy rates of foreign central banks as evidence that the Fed is behind the curve. Read More

07.02.25- This Is the Worst Year for the U.S. Dollar Since The Oil Crisis of 1973
Michael Snyder

The U.S. dollar just keeps getting weaker and weaker, and that is a major problem because our current standard of living depends on having a strong dollar.  When the U.S. dollar is strong relative to other national currencies, our paychecks stretch farther and we can buy more stuff.  Conversely, when the U.S. dollar is weak relative to other national currencies we can’t buy as much stuff and our standard of living goes down.  So the fact that the U.S. dollar is “having its worst start to the year since 1973” should deeply alarm all of us…Read More

07.01.25- Trump Will Replace Powell With an Even Bigger Moron
Peter Schiff

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06.30.25- Trump v Powell: The Credibility Cost of Politicized Monetary Policy
Nicolas Cachanosky

Politicians might prefer lower interest rates, but the Fed must protect its fragile post-pandemic progress on prices. Credibility is hard-earned and easily lost.

The tension between President Donald Trump and Federal Reserve Chair Jerome Powell has reignited, following the Fed’s recent decision to hold interest rates steady. President Trump stated again that he might consider firing Powell, something he had previously ruled out. Read More

06..28.25- The Powell Fed is Going to Trigger Another Crisis
Graham Summers, MBA

Fed Chair Jerome Powell has no idea what he’s doing.

I’m not saying this for dramatic effect. Powell’s ignorance of basic macroeconomics was on stark display in his testimony before Congress earlier this week (h/t Bill King). Read More

06.27.25- How the Fed Made Housing Unaffordable
Ryan McMaken

Donald Trump and his allies continue to complain that the central bank isn’t inflating the money supply enough. Last week, Bill Pulte, Trump’s appointee to the Federal Housing and Finance Administration—and the head of Fannie and Freddie—complained that Powell and the FOMC weren’t forcing down interest rates enough. Read More

06.26.25- How We Protect the Fed From Its Own Consequences
Peter Schiff

While the Fed prints money endlessly, there is always the irresistible feeling that the effects of that printing are not felt in full. The money supply greatly increases and brings inflation in tow, yet life never gets as bad as we would expect it to. The fundamental shifting of money’s value should have an even stronger effect than it does. While inflation and economic stability from financial machinations have taken their toll, a few elements of our society have uniquely shielded Americans, and our government from facing the consequences of the Fed’s actions. Read More

06.25.25- And Now, for Something Entirely Different: DHS Approves Construction Of "Alligator Alcatraz" For Illegal Aliens
Tyler Durden

Florida officials are building a massive detention facility for illegal aliens, dubbed "Alligator Alcatraz” for its swampy location teeming with deadly predators.

The proposed facility’s site is the Dade-Collier Training and Transition Airport, tucked along the eastern edge of Big Cypress National Preserve, about 55 miles west of Miami. Florida had big plans for it back in the day, aiming to transform it into the "Everglades Jetport," a massive airport poised to dwarf all others. But eco-activists and environmental worries slammed the brakes on that dream in the 1970s, leaving the project grounded. Read More

06.24.25- I Still Think Trump Will Fire Jerome Powell
Timothy Noah

It’s getting harder not to read the Federal Reserve chairman’s hesitation to lower interest rates as anything other than a comment on Trump’s incompetence.

Should you desire a break from worrying about how the war will end that President Donald Trump started against Iran, consider worrying about how the war will end that Trump started against the Federal Reserve Board. In Iran, the targets were uranium enrichment and storage sites in Fordo, Natanz, and Isfahan. At the Fed, the target is Jerome Powell. Read More

06.23.25- "END THE FED NOW" Here's How The Federal Reserve is FUNDING
these ENDLESS WARS
Natali and Clayton Morris

View Video

06.21.25- Fed Sees Hotter Inflation for Longer, Higher Unemployment, Slower Growth, “Dot Plot” Shifts More Hawkish but still Sees 2 Cuts in 2025. QT Continues
Wolf Richter

“Uncertainties” rule. Wait-and-see amid inflation fears and slowing growth.

The FOMC voted unanimously today to keep the Fed’s five policy rates unchanged, for the fourth meeting in a row, after cutting by 100 basis points in 2024. Read More

06.20.25- Housing Finance Chief to Newsmax: It's Time for Fed's Powell to Resign
Michael Katz 

Bill Pulte, director of the Federal Housing Finance Agency, told Newsmax on Thursday he has a simple message for Federal Reserve Chair Jerome Powell after the agency’s board declined to lower interest rates this week: Resign.

The Fed on Wednesday held its benchmark interest rate steady at 4.25% to 4.5%, keeping borrowing rates elevated for Americans for the fourth straight time. The last time it cut rates was in December, by a quarter of a percent. President Donald Trump responded later that day in a post on Truth Social calling Powell “a real dummy, who’s costing America $Billions!” Read More

06.18.25- Gold No Longer for ‘Lunatics’ as War Heats Up; Fed Plans Fake Money
Gerald Celente

View Video

06.17.25- The U.S. Dollar and
Delusions of Growth
Clint Siegner

Americans are accustomed to assets being priced in terms of Federal Reserve notes. It makes sense, of course.

The dollar is the currency of the realm. There is, however, a real problem with using it as a benchmark.

Government inflation statistics cannot be trusted. It isn’t easy to determine whether price gains represent appreciation of the asset or depreciation of the dollar. Read More

06.16.25- U.S. stocks rise despite Israel-Iran tensions; Fed meeting looms
Peter Nurse

Investing.com--U.S. stocks rose Monday, recovering some ground ahead of a Federal Reserve interest rate decision later in the week despite elevated geopolitical tensions. 

At 09:32 ET (13:32 GMT), the Dow Jones Industrial Average rose 205 points, or 0.5%, the S&P 500 gained 40 points, or 0.7%, and the NASDAQ Composite climbed 190 points, or 1%. Read More

06.14.25- Interest Rates
Could Go Much Higher
Kelsey Williams

It is reasonable to suggest that interest rates might not have peaked. That statement applies to both short-term and long-term rates. Currently, the discount rate on short-term Treasury bills is 4.13%. Long-term Treasury bonds are yielding 4.97%.

Only five years ago, short-term rates flirted with zero and the 10-year Treasury rate was less than one percent at .89%. The increase in rates since early 2020 is something to behold. The damage to bond prices is evident on both charts below…Read More

06.13.25- Trump Can And Should Fire Fed Boss Over Economy
Christian Whiton

Federal Reserve kingpin Jerome Powell is busy doing what he does best: sabotaging a prosperous economy so that President Donald Trump and his fellow Republicans lose popularity. He’s also ignoring Trump, whom voters will judge for the economy’s performance and whom the Constitution says runs the executive branch of which the Fed is a part.

This is old hat for Powell, who, after being installed by Trump in 2018, got straight to work undermining his boss’s economic recovery. Read More

06.12.25- Fed's 'Shady' Gold Secrets Spark Audit Bill; A 'Reckoning is Near'
JP Cortez

View Video

06.10.25- US Layoffs Spike: Powell Needs ‘Big Boy Pants’ Urges Ex-Fed Insider
Danielle DiMartino Booth

View Video

06.09.25- And Now, for Something Entirely Different: The other big news (and thankfully good news) from yesterday
James Hickman

It turns out that “Liberty and Justice for all” might just still exist in the Land of the Free.

While most of the news yesterday was focused on the nuclear Twitter war between Elon Musk and Donald Trump, the Supreme Court issued a landmark ruling in favor of common sense. Read More

06.07.25- How Inflation Undermines Culture and Values
Daniel Morena Viton

Inflation has come to be one the defining economic phenomena of this generation. As the money supply grows seemingly without end, it’s easy to miss how the erosion of our moneywreaks both economic and – more subtly– cultural havoc.

In the previous article, I discussed the social consequences of the welfare state; now I want to focus on inflation—or more precisely, on central bank policy. Inflation can broadly be defined as an artificial increase in the money supply that ultimately drives up prices, but this definition overlooks the fact that it is a process in which prices first rise in the capital goods of industries furthest from final consumption and then gradually spread throughout the entire system. Read More

06.05.25- Central Banks Added More Gold in April Despite Record Prices
Mike Maharrey

Central bank gold buying moderated in April, as the gold price hit record levels. 

Globally, central banks officially added a net 12 tonnes of gold to their reserves in April, according to the latest data compiled by the World Gold Council. This was 12 percent lower than March and below the 12-month average of 28 tonnes. Read More

06.04.25- And Now, for Something Entirely Different: How Long $2 Million in Retirement Savings Lasts in Every U.S. State
RIA Team

For many Americans, accumulating $2 million in retirement savings is a significant milestone. However, the longevity of these savings can vary greatly depending on the state in which you choose to retire. Factors such as cost of living, taxes, healthcare expenses, and lifestyle choices all play a role in determining how far your retirement funds will stretch. Read More

06.03.25- Fed Chair Powell's speech today looms as interest rate cut debate rages on
Mary Helen Gillespie

Federal Reserve Bank Chair Jerome Powell stayed the course after being summoned to an economic woodshed at the White House by President Trump, who has been vocal about demands that the Fed ax interest rates.

The May 29 faceoff was Powell's first visit to the White House during Trump's second tour. In a statement, Powell's office said the meeting's agenda was to "to discuss economic developments, including for growth, employment, and inflation." Read More

06.02.25- The BRICS Go Their Own Way
James Rickards

It’s that time again.

Time for the annual BRICS+ Leaders Summit. The BRICS have hundreds of meetings over the course of the year on every topic from sports to women’s issues to agriculture. But there is only one Leaders Summit. That’s when the heads of state of the members convene to discuss policy issues and to make announcements of major importance. Read More

05.31.25- The Fed Drops QT to $5B a Month – Ensuring the Balance Sheet Will Stay Bloated
Peter Schiff

The following analysis breaks down the Fed balance sheet in detail. It shows different parts of the balance sheet and how those amounts have changed. It also shows historical interest rate trends.

Breaking Down the Balance Sheet

The Fed recently announced a further reduction in the balance sheet runoff from $25B a month to $5B a month. The data shows that they have been reducing the pace of runoff but have not yet gotten down to the target $5B a month. Read More

05.30.25- The Fed is Derelict in it's Duty to the American People
Danielle DiMartino Booth

View Video

05.29.25- And Now, for Something Entirely Different: Loneliness
James Howard Kunstler

“Let there be loneliness, for where there is loneliness, there is also love, and where there is suffering, there is also joy.” – Clark E. Moustakas, Loneliness

As regular readers of this column may know, I like to begin each edition with a story from my life that I hope encapsulates the theme of the book I am featuring. When I started thinking about writing a column on loneliness, I’d sit down in my reading chair at home to quiet my mind or I’d go for a walk in my pleasant neighborhood amidst the fresh spring air and budding trees and search my memory for times when I felt lonely. As I thought back through my life in search of times of loneliness, I found that I either had none or that I had many. That is, it seems that either I’ve never been lonely, or I’ve been lonely most of my life and, like a fish in water, never really knew it because I had nothing else with which to compare it. Read More

05.28.25- And Now, for Something Entirely Different: Flashback to 2013: Bitcoin at $93
Adam Sharp

I was recently browsing through the Daily Reckoning archives and stumbled across a March 2013 piece by our long-time contributor Jeffrey Tucker.

The article was titled “Bitcoin’s Moment”, and BTC was trading at $93 at the time.

Here’s an excerpt: Read More

05.27.25- Did Smoot-Hawley Cause the Great Depression?
Christopher Whalen

Americans are taught in school that the Smoot-Hawley tariff legislation of 1930 greatly exacerbated the Great Depression and sent the world spinning off into a decade of debt deflation and economic contraction. This seems to make sense until we remember that the history of the United States over the past century was written largely by progressives. In fact, the Great Depression began in 1920 with a decade of falling prices for farm products, a deflationary wave that eventually engulfed the real estate sector and the entire US economy. Read More

05.26.25- The Dollar Has Lost 99% of Its Value
Peter Schiff

In a recent interview with Todd Sachs of Sachs Realty, Peter breaks down the true origins of America’s economic imbalances, highlighting the disastrous role of the Federal Reserve and misguided government policy. He critiques popular political solutions like tariffs, sounds the alarm on the ongoing decline of the dollar, and explains why precious metals remain a vital defense for savers.

Peter also tackles issues from student debt to the housing market, warning listeners that the current system is fueled by unsustainable government intervention. Read More

05.24.25- Interest Rates Rise Again as Treasury Auction Comes Up Short
Ryan McMaken

The US government is on track to borrow more than two trillion dollars this year, but that’s going to require a lot of new loans from investors, and it’s looking like there is limited investor appetite for ever larger amounts of federal Treasurys. On Wednesday, the auction of 20-year Treasury bonds was so weak that the 20-year yield climbed to over five percent, and long-dated debt yields hit levels not seen since November 2023. Read More

05.23.25- Warming Up the Printing Presses
MN Gordon

The Federal Reserve is up to its old money printing games once again…

Earlier this month it quietly purchased a cool $43.6 billion in U.S. Treasuries. This included $8.8 billion in 30-year Treasury bonds on May 8. Several days before that, it bought $20.4 billion in 3-year notes and $14.8 billion in 10-year Treasury notes .Read More

05.22.25- Slash Military Spending
and End the Fed
Ron Paul

Last week, Moody’s Ratings lowered the United States credit rating. Fitch Ratings and S&P Global Ratings had already lowered the US rating. This new downgrade was driven by Congress’s failure to make any efforts to reduce the almost 37 trillion dollars national debt.

When Moody’s made its announcement, the House Budget Committee was scrambling to get the votes to pass legislation extending the 2017 tax cuts. Read More

05.21.25- Why is the Fed quietly buying billions in bonds — and hoping nobody notices?
Charlie Garcia

The U.S. Federal Reserve just pulled off something stealthy — over four days last week, without fanfare, the Fed vacuumed up $43.6 billion in U.S. Treasurys. That’s $8.8 billion in long-dated 30-year bonds on May 8 alone, plus another $34.8 billion earlier in the week. Not exactly small change.

Quietly returning to the quantitative-easing trough isn’t standard Fed housekeeping — it’s like a bank robber returning to the scene because he forgot his car keys. Read More

05.19.25- MMT’s Barely-Hidden
Totalitarian Bias
Rudolph Kohn

Practically every student of Austrian economics is familiar, at least in passing, with the moment when Keynes said the proverbial quiet part out loud in the foreword to the German edition of his General Theory. One translation of that text reads,

[T]he theory of output as a whole, which is what the following book purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under the conditions of free competition and a large measure of laissez-faire. Read More

05.17.25- And Now, for Something Entirely Different: Is Christian Nationalism The Solution To The Frailty Of Liberalism?
Brandon Smith

Conservative movements are often depicted as unyielding and uncompromising; dangerously incapable of adaptation when new ideas come to light. This image of the political right is rooted in a number of misconceptions. In reality, modern conservatives are often far too compromising – Far too willing to go along to get along. None of us wants to be seen as a dictator. Read More

05.16.25- The Logic of Debt Under Fiat:
The Student Edition
Joakim Book

Anyone who looks at fiat currency long enough, eyes wide open, usually comes to the conclusion that this is an upside-down world.

Unlike gold or silver as sound money, under fiat currency thrift is penalized, financial surpluses are burdens, and losses are good. With tax write-offs, loss harvesting, and interest deductions, more debt is (almost) always better. Read More

05.15.25- The Fed Is Wrong… And It’s Going to Cost Investors a Fortune
Graham Summers

The Fed just got a LOT of egg on its face.

For five months now, the Fed has refused to cut interest rates despite clear cracks showing up in the labor market, as well as companies like Southwest Airlines, Chipotle, McDonalds and even Walmart warning about a downturn in consumer spending. Read More

05.14.25- WARNING: Yields Are Signaling Something Big
George Gammon

View Video

05.13.25- States Move Toward Sound Money With “Transactional Gold”
Alex Newman

With the dollar’s decades-long decline in purchasing power accelerating in recent years, state governments across America are moving quickly to give citizens a constitutional option for both saving and commerce. Known as “transactional gold,” the idea is for state governments to create a system where gold and silver can easily be acquired, stored, used, saved, and turned back to dollars to be spent. Multiple states have already approved bills to do it, with more expected. Read More

05.12.25- Fed Holds Steady
as Tariff Storm Looms
Bryan Cutsinger

The Federal Reserve’s monetary policy committee left the target range for its policy rate unchanged at 4.25 to 4.50 percent at its May 7 meeting, maintaining the level set in December 2024. Although tariffs have added to economic uncertainty, market participants widely expected the Fed to hold rates steady.

At the post-meeting press conference, Fed Chair Jerome Powell said the committee continues to view the US economy as solid, despite rising uncertainty. He noted that unemployment remains low and the labor market is at or near maximum employment. But he also cautioned that the risks of both higher unemployment and elevated inflation have increased. Read More

05.10.25- Will Trump Follow Nixon’s IRS Road to Ruin?
James Bovard

On Friday morning, President Trump proclaimed on his Truth Social: “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” Trump is being hailed as a hero for demanding that the IRS bring Harvard University to its knees.

But Trump is following in the footsteps of President Richard Nixon, whose racketeering with the IRS helped pave the way to the collapse of his presidency. Trump is also forgetting the rallying cry of Republican opposition to the Obama regime. Political targeting of nonprofit entities is “the hallmark of authoritarian nations,” House Majority Leader Eric Cantor declared in 2014. Read More

05.09.25- The Fed Leaves Fed Funds Rate at 4.5% as Economic Storm Clouds Gather
Ryan McMaken

On Wednesday, the Federal reserve’s Federal Open Market Committee left the target federal funds rate unchanged at 4.25-4.5 percent. The FOMC statement on the current policy, released on Wednesday, reads (my emphases in bold):Read More

05.08.25- Inflation: Looking Beyond Aggregates
Joe Chavez

The conventional definition of inflation—as a sustained rise in the general price level, tracked through metrics like the Consumer Price Index—dominates economic discourse, reducing human behavior to statistical trends. Neoclassical and Keynesian models emphasize macroeconomic factors—money supply growth, demand shocks, or cost pressures—while largely ignoring the purposeful actions of individuals. Even Austrian economists, despite their praxeological commitment to human action, as articulated by Mises, often remain tethered to market-based terms like “price inflation” or “monetary expansion” when critiquing mainstream views. Read More

05.07.25- The First Crypto Currency: The Dollar
Christopher Walen

President Abraham Lincoln is considered to be the moral savior of the United States for ending slavery. To pay for the war, he made enormous changes in the basic relationship between the federal government and money. These changes greatly diminished individual property rights and increased the power of Washington over the private economy. Read More

05.06.25- And Now, for Something Entirely Different: It’s the return of the Inquisition…
James Hickman

In the early 1300s, the county of Toulouse in southern France was locked in an epic struggle with the Catholic Church over religious freedom.

A large group of individuals who called themselves “Good Christians” were sort of proto-Protestants in that they still believed in the basic tenants of Christianity, but they did not adhere to the strict belief system of Catholicism, nor submit to the authority of the Church. Read More

05.05.25- Can (or Will) the Fed Paper Over the Coming Recession?
Chris Martenson

The GDP contraction was mainly due to tariffs while the labor market is slowing down and retail investors are coasting on a sea of complacency.

In our latest Finance U podcast, Paul Kiker and I dove deep into the current economic landscape, focusing on some critical indicators and the implications of recent policy changes. Read More

05.03.25- Planned Demolition
Of The Banking System
David Morgan

View Video

05.02.25- Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse
Doug Casey

You’re likely thinking that a discussion of “sound banking” will be a bit boring. Well, banking should be boring. And we’re sure officials at central banks all over the world today—many of whom have trouble sleeping—wish it were.

This brief article will explain why the world’s banking system is unsound, and what differentiates a sound from an unsound bank. I suspect not one person in 1,000 actually understands the difference. As a result, the world’s economy is now based upon unsound banks dealing in unsound currencies. Both have degenerated considerably from their origins. Read More

05.01.25- Banks could be extinct in 10 years – Eric Trump
Russia Today

Blockchain technology can perform financial transactions more efficiently, the president’s son has said

Banks could face extinction within a decade if they fail to embrace blockchain technologies, US President Donald Trump’s second son Eric, a crypto entrepreneur, has warned. Read More

04.30.25- The Looming Threat of Credit Collapse and Deflation
Kelsey Williams

THREAT OF CREDIT COLLAPSE 

The threat of a credit collapse and subsequent deflation currently outweigh the risks associated with higher inflation. This article explores the threat of a credit collapse and its implications for economies and societies worldwide. Read More

04.29.25- Dallas Fed Business Index Plunges to -35.8, Raw Material Prices +48.4
Mike Shedlock

I don’t usually cover regional Fed reports individually, but this one is wild.

Today, the Federal Reserve Bank of Dallas released the Dallas Fed Manufacturing Report for April. Read More

04.28.25- Should Economists Champion Fed “Independence”?
Dr. Joe Salerno

Read More

04.26.25- Fed’s Desperate Bid to Stop Gold Price - Why it Will Backfire
EB Tucker

Read More

04.25.25- Faith in the Dollar Failing – We’re Seeing the Tremors
Peter Reagan

What happens when the world stops trusting the dollar? Global investors are already backing away – and the reckoning may have begun – just hit its 25th all-time high of 2025. Are you prepared?

It’s said that if you asked a fish if water is wet, the fish would reply, “What is water?” Read More

04.23.25- Trump Wants the Fed To Pump More Easy Money
Ryan McMaken

For a few days during the early weeks of the current Trump administration, it appeared that the Trump team might actually try to rein in the Federal Reserve. Trump and Elon Musk hinted that they would push for an audit of the Federal Reserve, and they even suggested that they would bring in Ron Paul to serve as an advisor on the matter. More recently, though, it seems that a meaningful critique of the Fed is going the way of that imaginary trillion dollars that the Department of Government Efficiency has already given up on cutting from the federal budget. In other words, the hinted-at Fed audit has disappeared from the Trump “to do” list. Read More

04.23.25- And Now, for Someting Entirely Different: This Isn’t a Rally – It’s a Revaluation: Gold’s Run Has Just Begun
Peter Reagan

Gold just hit another all-time high, silver demand keeps breaking records, and Judy Shelton wants to bring back the gold standard. Some say it’s a rally. Others say it’s only the beginning of a historic trend… Are we ready for the next phase of monetary history?

Gold shatters $3,400 and forecasters set their sights on $4,000 Read More

04.22.25- Bare Naked Facts About Fed Independence
Kelsey Williams

FED INDEPENDENCE

Chair Powell has been particularly vocal about the Fed’s independence lately. His statements are the result of provocation by some, including President Trump, who have called for various actions including an audit of the Federal Reserve, firing the current Chair (Powell), and abolishing the Fed. The calls for action and the inflammatory rhetoric are usually the result of anger and frustration about Fed economic policies, notably the level and direction of interest rates. Read More

04.21.25- Does the Fed Shave With Occam’s Razor?
George F. Smith

Imagine being famous for saying something you never said seven centuries after your death.  What has come to be known as Occam’s razor — “entities are not to be multiplied beyond necessity” — has been attributed to English philosopher and theologian William of Occam (1287-1347), though he never used those exact words in his writing.  According to conceptually.org, Read More

04.19.25- What will it take for the Fed to become more dovish? Macquarie weighs in
Scott Kanowsky

Investing.com - The Federal Reserve may need to see signs of U.S. private credit market instability before it is in a state of "fear" that could prompt action from the central bank, according to analysts at Macquarie.

Policymakers have recently suggested that they are waiting for more clarity around the broader economic situation in the wake of erratic tariff measures from U.S. President Donald Trump. Read More

04.18.25- "If I Want Him Out, He'll Be Out Real Fast!" - Trump Says Powell
"Playing Politics" Over Rate-Cuts
Tyler Durden

Update (1600ET): The White House vs Eccles Building battle has been stewing all day with President Trump expressing confidence from The Oval Office that he had the authority to oust Powell.

“If I want him out, he’ll be out of there real fast, believe me.”  Read More

04.17.25- "Termination Cannot Come Fast Enough!" - Trump Pummels "Always Too Late & Wrong" Powell
Tyler Durden

As US equity markets continue to fall - and recession calls mount from establishment elites, despite strong 'hard' data' - President Trump lashed out at Fed Chair Powell via TruthSocial this morning exclaiming that Powell's termination from his position can’t come quickly enough, arguing that the US central bank should have lowered interest rates already this year, and in any case should do so now. Read More

04.16.25- Who Pumped Up
This Bubble Economy?
Mike Maharrey

The American economy is a bubble.

The thing about bubbles is that they eventually pop.

All they need is a pin.

Tariff policy might be the pin that pops this bubble, but even if it isn’t, there is a pin out there with this bubble's name on it. Read More

04.15.25- How the Government Is Quietly Destroying Your Freedom and Stealing Your Wealth
Robert Kiyosaki

Read More

The Money Supply Keeps Growing as the Fed Backs Off Monetary “Tightening”
Ryan McMaken

Money-supply growth rose year over year in February for the seventh month in a row, the first time this has happened since mid-2022. The current trend in money-supply growth suggests a continued reversal of more than a year of historically large contractions in the money supply that occurred throughout much of 2023 and 2024. As of February, the money supply appears to be continuing in a period of moderate monetary growth coming out of a period of historically large swings in monetary trends from early 2020 to mid-2024. Read More

04.12.25- Is Sound Money Politically Impossible?
George F. Smith

Apparently sound money has no meaning for those controlling the money supply, which is purported to be in the hands of the Federal Open Market Committee (FOMC) of the Federal Reserve System.  Sound money and states don’t get along, neither do sound money and banks.  About the only people who would benefit from sound money are people who use it to buy groceries or pay for their kids’ education.  And those who save for rainy days and expect it to be there and worth something when they need it. Read More

04.11.25- 9.0 Magnitude “Bondquake”
Dan Amoss

There’s good news and bad news today.

Bad news first…

Not 1 in 100,000 Americans have a clue about what’s really going on under the surface of the financial markets this week.

They see tariff headlines, talking heads, Trump tweets, whipsaw markets… but they don’t have a clue as to the “underwater earthquake” that just happened on Monday.  Read More

04.10.25- BREAKING: Fed Preps $2T Bailout as Hedge Fund Trade Implodes
Taylor Kenney

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04.09.25- The Federal Reserve Protection Racket
Thomas DiLorenzo

Most Americans have little or no idea what “the Fed” is or does, despite the fact that, ever since its creation in 1913, it has had monopolistic control over the money supply in the country and regulated virtually every type of financial transaction. When Tucker Carlson interviewed former Congressman Ron Paul on his podcast, he recalled how, when Paul was running for the Republican Party nomination and was giving a speech at Michigan State University, hundreds of students began spontaneously chanting “End the Fed!” Carlson said he was taken aback by this since he, as a professional journalist, was paid to know at least something about the Fed but did not. The Michigan State University students obviously did — they had been reading and listening to Paul’s speeches. Read More

04.08.25- The Future of Money: The Fed, Big Banks, and Bitcoin
Thomas DiLorenzo

Most Americans have little or no idea what “the Fed” is or does, despite the fact that, ever since its creation in 1913, it has had monopolistic control over the money supply in the country and regulated virtually every type of financial transaction. When Tucker Carlson interviewed former Congressman Ron Paul on his podcast, he recalled how, when Paul was running for the Republican Party nomination and was giving a speech at Michigan State University, hundreds of students began spontaneously chanting “End the Fed!” Carlson said he was taken aback by this since he, as a professional journalist, was paid to know at least something about the Fed but did not. The Michigan State University students obviously did — they had been reading and listening to Paul’s speeches. Read More

04.07.25- And Now, for Something Entirely Different: Gen. Michael Flynn Urges DOJ to Pursue Treason Charges Against Senior Obama Officials
yourNEWS.com

The retired National Security Advisor says accountability must reach “very, very senior people” in Obama’s inner circle

Retired Lieutenant General Michael Flynn has publicly called for the Department of Justice to launch criminal investigations into what he described as treasonous actions by high-ranking Obama-era officials. In an appearance on the Man In America podcast last month, Flynn said that the nation cannot move forward unless there is accountability at the highest levels.Read More

04.05.25- Fed Balance Sheet QT: -$33 Billion in March, -$2.24 Trillion from Peak,
to $6.72 Trillion, Lowest since May 2020
Wolf Richter

Fed’s assets-to-GDP ratio dropped to 22.6%, first seen in 2013. Quantitative Tightening has shed 25% of total assets from peak.

Total assets on the Fed’s balance sheet fell by $33 billion in March, to $6.72 trillion, the lowest since May 6, 2020, according to the Fed’s weekly balance sheet today. Read More

04.04.25- And Now, for Something Entirely Different: Trump Takes a Bite of Apple
Adam Sharp

We’ve been preparing for this moment since Trump’s victory, yet somehow it still came as a shock. The scale of Trump’s announcement is hard to fathom.

It is still early, and there is much to digest. But I’m starting to get a feel for winners and losers in this newly-tariffed world.

In the losers category, the most obvious one so far is Vietnam. Read More

04.03.25- Inflation as a Centralizing Force
David Brady Jr.

Which came first: the chicken or the egg? Inflation or the managerial class?

Inflationism is as much a tool as it is an ideology and a phenomenon. Inflation, of course, promotes consumption at the moment as prices change faster than incomes. It benefits borrowers at the expense of lenders. It benefits first and earlier receivers—those closest to the money spigot—at the expense of later receivers. It also provides the perfect tool for the managerial class that James Burnham and Sam Francis describe for the further expansion and centralization of power. Read More

04.02.25- Fed Interest Rate and QE Policy Mistakes and Silly Fed Comments
Wolf Richer

Janet Yellen “Inflation before the pandemic was too low rather than too high.”

The Fed’s big mistake repeated and then doubled down was not considering asset prices, especially home prices in interest rate policy. 

When you are clueless about inflation you cannot possibly get policy right. The tendency is to overshoot in both directions creating asset bubbles of increasing amplitude over time. Read More

04.01.25- Status of US Dollar as Global Reserve Currency: Central Banks Diversify into Other Currencies and Gold
Wolf Richter

The status of the US dollar as the dominant global reserve currency has helped the US fund its twin deficits, and thereby has enabled them: the huge fiscal deficit every year and the massive trade deficit every year. The reserve currency status comes from other central banks (not the Fed) having purchased trillions of USD-denominated assets such as Treasury securities, other government securities, corporate bonds, and even stocks. The dollar status as the dominant reserve currency has been crucial for the US, and as that dominance declines ever so slowly, risks pile up ever so slowly. Read More

03.31.25- Treasury Yield Curve Re-Inverts with Sag in the Middle, as Government Swats Down 10-Year Yield. But Mortgage Rates Don’t Follow all the Way,
Spread Widens
Wolf Richter

The 10-year Treasury yield has careened lower from 4.77% on January 10 to 4.16% on March 3, and has since then wobbled a little higher to end at 4.26% on Friday, just a hair below the effective federal funds rate (EFFR) that the Fed targets with its short-term policy rates. This decline in the 10-year yield isn’t a coincident. Read More

03.29.25- Fed Chair Admits He's Powerless to Stop Stagflation Threat
Peter Reagan

his week the Federal Reserve met and announced interest rates would be unchanged for the time being. That came as no surprise to anyone. It was the second part of the presentation where Fed chair Jerome Powell said some things that really raised eyebrows…

Ever since Paul Volcker took the helm at the Federal Reserve back in 1979 and ended the decade of stagflation, the Federal Reserve has played a key role influencing the American economy. Read More

03.28.25- Playing with Fire: Fed’s Fallout
Tom DiLorenzo

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And Now, for Something Rntirely Different: The Elite Already Control Almost All The Wealth – So Why Will They Need Us Once AI Can Take Over Nearly All Of Our Jobs?
Michael Snyder

Is your job in danger?  We live at a time when the development of artificial intelligence is growing at an exponential rate.  AI can already perform lots of tasks better and far more efficiently than humans can, and it appears to be just a matter of time before AI can do virtually everything better and far more efficiently than humans can. Read More

03.26.25- The Fed is Ignoring the Data
Graham Summers, MBA

The Fed is refusing to cut interest rates because President Trump’s proposed tariffs might trigger inflation.

Yes, this is the Fed’s thinking. They’ve even admitted that Fed staff are assuming “full retaliation” for whatever tariffs the Trump administration introduces.

What are these people smoking? Read More

03.25.25- And Now, for Something Entirely Different: What’s Happened Since A Judge Ruled Water Fluoridation Is Lowering IQ?
Tyler Durden

Though Dr. Mark Burhenne has been railing against water fluoridation on his social media accounts and his “Ask the Dentist” podcast, he never thought he’d see it banned from so many public water supplies in his lifetime.

A landmark ruling in September that directed the U.S. Environmental Protection Agency (EPA) to address the “unreasonable” risk fluoride in drinking water poses to lowering IQ in children has become a tipping point, Berhenne told The Epoch Times in an email. Read More

03.24.25- Fed Chair Says Everything's Fine; So Did the Fed Chair in 2007
Mike Maharrey

Federal Reserve Chairman Jerome Powell doesn’t think you should be worried about a recession.

If history is any indication, you should probably be worried about a recession.

During his press conference following the March FOMC meeting, Powell called the economy “strong overall,” and he brushed aside rising concerns about a recession, saying, “We don’t make such a forecast.” Read More

03.22.25- That Didn't Take Long: Post-Fed Stock Rally Dies, Crash Resumes
Right on Course
David Haggith

Some market pundits said today that the market’s “correction” was nearly over, and the old bull will rise from the street and get back to bellowing again. Given that the market remains more overpriced than at most of its high points in history and that the major troubles ahead of it, such as tariffs, rising inflation, layoffs and the US debt, have barely begun to unfold, I think that is an insane position to hold; and I’m joined today by a couple of significant voices who believe, as I do, that the big trouble has not even begun to hit stocks. Read More

03.21.25- An 'Uncertain' Fed Slows Quantitative Tightening
Axel Merk

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03.20.25- Burn-it-All-Down Powell Claims Inflation Will be Transitoryand Promises to Increase it with More Easing!
David Haggith

The Fed goosed the stock market today with another Powell put, but in a slightly slier manner.

Fed Chair Jerome Powell, offered some pretty peculiar surprises at the Fed’s FOMC meeting today, but not in interest policy. While the Fed held steady on actual interest rate policy as everyone was certain it would, it did offer the stock market some candy by indicating in its dot plots that there may be two more rate cuts coming later in the year. Read More

03.19.25- 19 Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems
Michael Snyder

Most Americans have absolutely no idea how we got into the mess that we are in today.  The reason why the U.S. government is 36 trillion dollars in debt and our society as a whole is 102 trillion dollars in debt is because the system is performing exactly as it was designed.  We have a system that was literally designed to create colossal amounts of debt.  But if you ask most Americans about this, they cannot tell you what the Federal Reserve is or why it is at the heart of our economic problems. Read More

03.18.25- Retail Sales Plunge, Manufacturing Survey Tanks, Economy Starting To Unravel?
Rebel Capitalist

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03.17.25- And Now, for Something Entirely Different: Kennedy Assassination Mysteries
Llewellyn H. Rockwell, Jr.

Why should we care today about the assassination of President John F. Kennedy on November 22, 1963? That fateful day in Dallas is, after all, a long time ago: those of us, like me, who can remember the day are at least in their sixties. The short answer is that it reveals something essential for us to know about the American government and the Deep State that runs it. Read More

03.15.25- Powell's Dangerous Trap: Why Rate Cuts Could Crash Markets
Danielle DiMartino Booth

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03.14.25- Will the Fed Ride to the Rescue?
James Rickards

The stock market has topped out and is headed down.

The Dow Jones Industrial Average peaked at 45,014 on December 4, 2024, and was at 41,911 by March 10, 2025, down 3,101 points or 6.9% in just over three months.

The S&P 500 Index peaked at 6,130 on February 18, 2025, and was at 5,614 on March 10, 2025, down 516 points or 8.4% in less than one month. Read More

03.13.25- The Fed Can’t Save the Market or the Economy
Peter Schiff

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03.12.25- And Now, for Somethin Entirely Different: The Glow of the Gaslight
James Howard Kunstler

“There’s a chance to restore democracy from the bureaucracy, but just a chance.” – Elon Musk

CBS 60-Minutes’ Gaslighter-in-Chief Scott Pelley was at it again Sunday night trying to put over the story that Donald Trump had unfairly cashiered a broad swathe of federal agency Inspectors General — whose job it is to investigate crime, mischief, and administrative malfeasance. In the spotlight sat one Hampton Dellinger, Special Counsel to the independent Office of Special Counsel, who just resigned after a court battle over his firing weeks ago.Read More

03.11.25- Why the Fed Considers “Pausing or Slowing” QT “Until the Resolution of the Debt Ceiling Situation”
Wolf Richter

The minutes mentioned it. New York Fed’s Perli added some background. The Fed will likely provide details at its March meeting.

No one has ever drained $2.2 trillion in liquidity through QT from the financial markets, as the Fed has done since July 2022, and there is no playbook to go by. Withdrawing liquidity too fast can cause some places to run dry while others are still awash in it. Normally higher yields cause liquidity to move where it’s needed, but if it drains too fast, there may not be enough time for yields to do their job distributing liquidity, and then something blows out, like the repo market did in 2019. An accident like that would cause QT to stop. Read More

03.10.25-They Were Just Going to Pretend This Massive Breach Didn’t Happen…
James Hickman

It’s been nearly four years since ProPublica, the radical leftist organization masquerading as journalism, published an article called: “The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax.”

The publication exposed the private tax records of some of America’s most successful citizens—Elon Musk, Jeff Bezos, Warren Buffett, and others. Read More

03.08.25- Unmasking Trump’s
Hidden Treasury
Peter Schiff

As Trump’s crypto and sovereign wealth reserves gain momentum, free-marketers should recall that such measures, while perhaps a temporary improvement, are not the key to a healthy economy. If Trump wants to fix the economy, he should focus on fixing the debt and hardening our money. 

The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold. Read More

03.07.25- It’s Happening: Congress To Vote on ‘End the Fed’ Bill To
Abolish Federal Reserve
Sean Adl-Tabatabai

U.S. lawmakers are preparing to vote on a proposed bill that would dismantle the Federal Reserve system and reinstate a gold-backed currency in the United States.

Republican Senator Mike Lee unveiled Rep. Thomas Massie’s (R-Ky.) proposed “Federal Reserve Board Abolition Act” in a post on X Wednesday, calling for a one-year wind-down of the Fed’s Board of Governors and its numerous Federal Reserve banks, widely blamed for the US dollar’s decline, inflation, and the national debt spiral. Read More

03.06.25- Trump’s “Wild West” Crypto Era
Adam Sharp

On the campaign trail, Trump promised to establish a “strategic Bitcoin reserve” for the country.

But what he announced on Sunday was quite different…

Over the past week Trump has made two major cryptocurrency moves that signal we are entering a new wild west era. Read More

03.05.25- The U.S. is Hurtling
Toward a Recession
Jesse Colombo

Back in December, while much of the country was riding a wave of optimism over Donald Trump’s presidential victory, I warned that we were hurtling toward a recession—and saying that it may have already begun. I also noted that the increasing likelihood of a recession would drive up gold prices—and the recent surge is clear confirmation of that. 

My prediction wasn’t driven by political bias but by hard data and reliable recession indicators, which had signaled economic trouble long before Trump’s win. And now, as expected, a growing body of evidence confirms that the odds of an imminent U.S. recession are surging. Read More

03.04.25- “They Can’t Prevent the Crash That Is Going To Happen”
Mike Maloney

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03.03.25- Elon: Audit the Fed
Peter St Onge

Last week Elon Musk suggested DOGE could audit the Mother of Slush Funds, the Federal Reserve.

He even suggested Ron Paul could lead the team.

DOGE has already found at least $55 billion in waste and fraud. The Fed could ramp that up ten-fold. Read More

03.01.25- The Latest Bad Premise Could Be a Disaster for the US Dollar
James Hickman

On October 20, 2022, Liz Truss resigned as UK prime minister after just 44 days in office—the shortest tenure in British history.

She was brought down not by a no-confidence vote or a party coup, but by a full-scale bond market rebellion. Read More

02.28.25- 17 Signs That America’s Long Economic Slide Threatens to Become an Economic Avalanche
Michael Snyder

Are you better off than you were four years ago?  If you are, you should consider yourself to be extremely fortunate, because the vast majority of the population is not.  The U.S. economy has been sliding the wrong direction for a very long time, and now our economic momentum in the wrong direction is accelerating.  Retail sales are slowing down, the housing market is in a depressed state, mass layoffs are happening all over the nation, stores are closing at a staggering pace, the cost of living has become extremely painful, and debt levels have soared to unprecedented heights. Read More

02.27.25- How FDR’s Attack on the Gold Standard Spawned an Age of Inflation
Thomas J. DiLorenzo

In his great classic, Crisis and Leviathan, Robert Higgs explained how Franklin Roosevelt’s attacks on the gold standard ushered in “the age of inflation” that has now robbed generations of Americans through the inflation tax. The explanation begins with the goofy economic theory that was the basis for the first New Deal: The backwards belief that low prices caused the Great Depression; therefore, if government could force prices up by restricting production the Depression would end. Think about that: The government’s policy was to reduce production, which of course would increase unemployment to supposedly end the extreme unemployment of the Great Depression! Read More

02.26.25- Why Is the Fed Afraid of a
Fort Knox Audit?
Peter Reagan

Your News to Know rounds up the most important stories about precious metals and the overall economy. This week, we’ll cover:

• Why is Fort Knox at the center of a tornado of suspicion?
• How to increase the federal government’s revenue by $750 billion with this one weird trick
• Gold sets new records, tops $2,900 as $3,000 becomes the target in view
• Chinese official gold reserve figures are utter nonsense!
• Bonus: here’s how much gold China (unofficially) really has... Read More

02.25.25- The Fed, With No Earnings, Is Taking Us on a Magic Carpet Trip
Jane L. Johnson

Most Americans realize that our federal government has, in recent decades, spent so recklessly that it runs ever-increasing annual federal budget deficits (currently nearly $2 trillion) and now sits on over $36 trillion in outstanding federal debt. This spending—overseen by Congress and the Executive branch—has been profligate since the 1960s Great Society, wars in Vietnam and the Middle East, the 2008-09 financial crisis, the ongoing Obamacare entitlement, and the 2020-22 Covid pandemic. But many Americans may not realize that the Federal Reserve System (the Fed) Read More

02.24.25- The Fed Might Have Just Confirmed QE 5.0 – Here’s What That Means for You
George Gammon

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02.22.25- The Answer To 1913 Is 2025: 3 Charts That Show Why The Income Tax,
The IRS, & The Fed Should All Be Abolished
Michael Snyder

Most Americans don’t know that for much of U.S. history there was no federal income tax and there was no central bank.  But now everyone assumes that we must have a federal income tax and a central bank in order to have a functioning society. Today, there are just a handful of nations that do not have an income tax, and more than 99 percent of the entire population of the globe lives in a country that has a central bank.  Of course the two work hand in hand.  A central bank creates a spiral of borrowing that is meant to be unbreakable, and an income tax is necessary to service payments on that debt spiral. Read More

02.21.25- And Now, for Something Entirely Different: Class Warfare: The Exploitation of Taxpayers by Federal Workers
Ryan McMaken

“Workers across the country responded with anger and confusion,” the Associated Press reported last week, in response to the Trump administration’s layoffs of probationary workers. CBS News tells us“federal workers express shock, anger over mass firings,” and The New York Times writes that federal works face “sleeplessness, anger and tears.” 

Some workers launched lawsuits against the Trump administration. Others went on legacy media television shows to claim they have been mistreated. Read More

02.20.25- And Now, for Something Entirely Different: Thieves oil, a Centuries-Old Remedy with Modern Day Relevance
Mike Adams

In the midst of the 15th-century Black Plague, a group of spice traders turned thieves defied the odds, robbing plague victims and their graves without succumbing to the deadly disease. Their secret? A potent blend of essential oils that protected them from infection. Today, this ancient recipe, known as Thieves oil, has been resurrected and continues to captivate modern audiences seeking natural remedies for immune support and overall wellness. But what exactly is Thieves oil, and does it live up to its storied reputation? Read More

02.19.25- Paper Money and the Fed Have Destroyed the Penny and the Rest of Our Money
Jacob G. Hornberger

President Trump has ordered the U.S. Mint to stop producing pennies. The reason is that it’s too costly to produce them. It costs the Mint nearly four cents to produce one penny.

The penny phenomenon is good example of what the federal government — and, specifically, the Federal Reserve — has done to our money. Ever since the Fed and a paper-money system were established in 1913 and the 1930s, the Fed has destroyed the value and stability of American money. Read More

02.18.25- Why Official Inflation Reports Are Dead Wrong
Peter Reagan

Recent official inflation reports are disheartening. What’s worse, they simply don’t reflect the reality faced by everyday American families. Today we take a deep dive into how inflation itself, the official headline CPI, is measured. What if we’ve been measuring the wrong things?

I hate to be the bearer of bad news, I really do. Even though you might’ve expected I’d be used to it by now. Read More

02.17.25- The Fed Has Stopped Pretending that Price Inflation Is Going Away
Ryan W. McMaken

At its September 2024 meeting, the Fed’s FOMC cut the target federal funds rate by a historically large 50 basis points and then justified this cut on the grounds that “The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance.” Read More

02.15.25- Trump's Economic Reset Explained: Gold, Tariffs, Dollar Devaluation,
Sovereign Wealth Fund, and more
Mike Farris

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02.14.25- Fed Policies Yield Very Bad Things
George F Smith

The Fed is in the business of generating inflation. It might attempt to stop the effects of inflation, namely rising prices. But under the old definition of inflation — an artificial increase in the supply of money and credit — the entire reason for Fed’s existence is to generate more, not less of it. — Ron Paul, End the Fed Read More

02.13.25- Will the Federal Reserve Blame Tariffs for the Price Inflation
the Fed Creates?
Daniel Lacalle

Price inflation is rising, but it has nothing to do with tariffs. It has everything to do with the Fed’s policy and the Treasury’s uncontrolled spending.

The Core PCE Price Index, which excludes food and energy, rose by 0.2 percent this month and remains stubbornly high at 2.8 percent annualized. The headline PCE Price Index increased by 0.3 percent, the first 0.3 percent monthly increase in eight months. This has pushed the annualized increase to 2.55 percent, the highest in seven months. Read More

02.12.25- And Now, for Something Entirely Different: Age Of Transparency: We Need Mass Surveillance Of Governments Instead Of Citizens
Brandon Smith

In the wake of Donald Trump’s return to the White House there has been an atmosphere of palpable panic among the usual suspects. Establishment bureaucrats are screaming bloody murder in aisles like spoiled toddlers at Walmart after being told they’re not going to get whatever they want from the American taxpayer. These people are long overdue for a spanking and a nap. Read More

02.11.25- Musk Endorses Ron Paul for Federal Reserve Chairmanship
Your News Media Newsroom

Elon Musk advocates for former Congressman Ron Paul as the next Federal Reserve chairman.

Elon Musk, leader of the Department of Government Efficiency (DOGE), suggested on Monday that former Congressman Ron Paul (R-Texas) could be an ideal candidate for Federal Reserve Chairman. Responding to remarks by Turning Point USA founder Charlie Kirk, Musk took to social media to echo support for Paul, stating, “Great idea!” in response to Kirk’s assertion that Paul would excel in the role. Read More

02.10.25- Why is Elon Musk supporting Ron Paul leading an audit of The Federal Reserve
such a big deal? 
Wall Street Apes

Read More

02.08.25- And Now for Something Entirely Different: Congress Slowly Realizing Promised Tax Cuts Are Unaffordable – What’s Next?
Peter Reagan

Tax cuts are great! Everybody loves them, and pretty much nobody votes for a candidate who promises higher taxes. But tax cuts aren’t free – the government still needs to replace the revenue lost when taxes fall. Today, we realistically assess whether the nation can afford the Trump Tax Cuts… 

There are two ways that political parties (at least in the U.S.) attempt to boost the economy. Well, really there are hundreds of ways, but they fall into one of just two tactics. Read More

02.07.25- Forecasting Error Puts Fed On Wrong Side Again
Lance Roberts

The Federal Reserve’s record of forecasting has frequently led it to respond too late to changes in economic and financial conditions. In the most recent FOMC meeting, the Federal Reserve changed its statement to support a pause in the current interest rate-cutting cycle. As noted by Forbes: Read More

02.06.25- Will the Fed’s Waste & Abuse Finally Get Attention Too?
Clint Siegner

Americans got an eyeful of the waste and fraud which has been rampant in federal spending last week. A barrage of announcements by the Trump administration included putting the brakes on a $50 million program to buy and supply condoms to people in Gaza.

While the headlines scroll by and the reform effort enters full swing, there is one quasi-federal institution which has somehow dodged all accountability for more than a century. Read More

02.05.25- Trump Agrees with Fed’s Pivot to Wait-and-See after the Fed Bows to Trump on Everything Else to Keep Monetary Policy Independent
Wolf Richter

We’ll see how long Trump’s side of this mutual understanding lasts.

Trump understands – since he ran on that platform and won in part based on it – that Americans hate, hate, hate inflation, that they’re tired of price increases and tired of high prices, and that this is a serious issue, not something to be brushed off by a President, and that they’re blaming Presidents for it, such as Carter and Biden. And he understands that there is one entity whose explicit job it is to fix this: The Fed. And if the Fed doesn’t fix it, that’s where the blame goes. Read More

Trump Agrees with Fed’s Pivot to Wait-and-See after the Fed Bows to Trump on Everything Else to Keep Monetary Policy Independent
Wolf Richter

We’ll see how long Trump’s side of this mutual understanding lasts.

Trump understands – since he ran on that platform and won in part based on it – that Americans hate, hate, hate inflation, that they’re tired of price increases and tired of high prices, and that this is a serious issue, not something to be brushed off by a President, and that they’re blaming Presidents for it, such as Carter and Biden. And he understands that there is one entity whose explicit job it is to fix this: The Fed. And if the Fed doesn’t fix it, that’s where the blame goes. Read More

02.03.25- Powell takes wait and see approach on interest rates — drawing angry response from Trump
Alex Kimani

No hurry to cut rates unless labor market weakens or inflation pressures abate, Fed chair says

The Federal Reserve on Wednesday moved to the sidelines, signaling that it wasn’t likely to change interest rates again until there is greater clarity on how President Donald Trump’s economic plans will affect inflation and the labor market. Read More

02.01.25- Bullish Exuberance Returns As Trump Takes Office
Lance Roberts

Bullish exuberance is returning to the markets and the economy in a big way following the Presidential election.

Such is particularly the case with recent executive orders signed by Trump, which fulfill Trump’s promises to “Make America Great Again.” Given that short-term market dynamics are driven primarily by sentiment, as investors, we can not dismiss the rapid turn in optimism over the last few weeks. We addressed this point in this past weekend’s “Bull Bear Report,” which I want to build on in today’s commentary. Read More

01.31.25- Recession Watch: Did the Everything Bubble Just Pop?
John Rubino

Real estate, being expensive to finance and highly volatile at market peaks, is frequently a catalyst for recessions. And as Wolf Street’s Wolf Richter reports, housing is sending “peak cycle” signals.

The supply of new houses for sale is spiking to previous bubble levels: Read More

01.30.25- Should Inflation Be Defined Only as Price Increases?
Frank Shostak

If inflation is a general increase in prices, as most experts hold, then why is it regarded as bad news? What kind of damage does it do? Most experts are of the view that inflation causes speculative buying, which generates waste. Inflation, it is maintained, also erodes the real incomes of low-income earners and causes a misallocation of resources. Inflation weakens real economic growth. Read More

01.29.25- This Is Our Last Chance
Doug Casey and Paul Craig Roberts

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01.28.25- To Make America Great Again, Separate Money and State
Ron Paul

“Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis” is the title of one of the many executive orders President Trump issued in his first week back in the Oval Office. This executive order directs federal agencies to “deliver emergency price relief” to the American people by reducing federal regulations that increase the cost or limit the supply of healthcare, housing, energy, and other goods and services. Read More

The Private Federal Reserve has Declared War on President Trump"s Economic Recovery Plan
Alex Jones

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01.25.25- And Now, for Something Entirely Different: Distrust In Leaders
(And Journalists) Ticks Up Again
Tyler Durden

Edelman has once more released its annual Trust Barometer, capturing a snapshot of how people around the world feel about today’s leaders.

The findings are hardly positive, with survey data revealing that an increasing proportion of respondents across the 28 polled countries worry that government and business leaders as well as journalists and reporters are purposely misleading people by saying things they know are false or are gross exaggerations. Read More

01.24.25- 11 Reasons Why The Federal Reserve Is Bad
Michael Snyder

Most Americans realize that the federal government is drowning in debt and that inflation is out of control.  But very few Americans can coherently explain where money comes from or how our financial system actually works.  For decades, bankers that we do not elect have controlled America’s currency, have run our economy into the ground, and have driven the U.S. government to the brink of bankruptcy.  The Federal Reserve is an institution that was designed to drain wealth from U.S. taxpayers and transfer it to the global elite. Read More

01.23.25- Too Few Appreciate the Dangers of Our Fraudulent Money System
Dr Chris Martenson

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01.22.25- Opposing the Keynesian Illusion: Spending Does Not Drive the Economy
Jonathan Newman

Keynes held that the economy can suffer extended periods of high unemployment because of deficient aggregate spending. A contraction in spending results in businesses having excess inventories and reduced revenues. Businesses respond by cutting back and decreasing their demand for labor. Due to “sticky wages,” this results in a large decrease in employment and incomes for workers. The problem comes full circle and self-aggravating because workers as a whole must restrict their spending due to their reduced incomes. Read More

01.21.25- Our 101 Trillion Dollar Problem: This Is The Number One Tool The Elite Use To Enslave Us
Michael Snyder

Right now, a tremendous awakening is happening as people all over the world become educated about the tools that the elite use to enslave us to their system.  The number one tool that they use to enslave us is debt.  The financial powers of the world use it to enslave individuals, corporations and governments.  For thousands of years humanity has been taught the proverb that “the borrower is the servant of the lender”, and yet today billions of people around the globe have willingly made themselves servants of the money powers. Read More

01.20.25- And Now, foe Something Entirely Different: From Ozzie & Harriet
to the Kardashians
Donald Jeffries

Recently, I discovered that Pluto TV has all the episodes of The Adventures of Ozzie and Harriet. You have Pluto if you have a smart TV. So that’s become my new nightly routine, watching them until the warmth and nostalgia eventually breaks down my chronic insomnia. It was a remarkably well done show, starring really talented people. Read More

01.18.25- Price Inflation Rose Again in December, Climbing to a Ten-Month High
Ryan McMaken

According to the Bureau of Labor Statistics’ latest price inflation data, CPI inflation in December accelerated while the month-to month increase hit a multi-month high.

The seasonally adjusted Consumer Price Index (CPI) rose 0.39 percent, month over month, in December, rising to a ten-month high. Year over year, the CPI rose 2.88 percent in December, not seasonally adjusted. That’s a five-month high. Read More

01.17.25- On Joe Biden’s last day, the US is dangerously close to the point of no return
James Hickman

It’s hilarious how Joe Biden spent his entire four year administration using tech companies to suppress dissent and censor critics. He now claims those same tech companies are a threat to democracy.

He just awarded the Presidential Medal of Freedom to billionaire George Soros, who notoriously uses his money to meddle in elections and fund ultra-woke leftist politicians. But billionaires who fund causes on the right are a threat to democracy.Read More

01.16.25- 161 And Now, for Something Entirely Differrent: Years Ago, A Farmer Warned Us About The Dangers Of AI –
And He Was Right!
Michael Snyder

On June 13th, 1863, The Press newspaper of Christchurch, New Zealand published an ominous letter that warned that machines would eventually become more intelligent and more powerful than humans.  The letter was entitled “Darwin Among the Machines”, and it was written by an English sheep farmer living in New Zealand named Samuel Butler.  He argued that humans are literally “creating our own successors”, and he was entirely convinced that at some point in the future “we shall find ourselves the inferior race”. Read More

01.15.25- And Now, for Something Entirely Different: Weaponizing the US Dollar. Can It Work?
Michael Hudson

Trump has promoted a number of plans to make America strong – at other countries’ expense. Given his “we win; you lose” motto, some of his plans would produce the opposite effect of what he imagines.

That would not be much of a change in U.S. policy. But I suggest that Hudson’s Law may be peaking under Trump: Every U.S. action attacking other countries tends to backfire and end up costing American policy at least twice as much. Read More

01.14.25- The Big Bond Battle
David Haggith

Today’s top economic article is about the battle between stocks and bonds and even between US bonds and the global economy, which is all going to intensify this year. While I wrote extensively about that in this past weekend’s Deeper Dive, it’s helpful to see that Bloomberg is now saying the same thing with equal emphasis.

So, here are the highlights of a situation they are calling a “global bond tantrum,” which they claim is a “wrenching and worrisome” start to the New Year. If you read the full Deeper Dive, you know exactly where I think this is going to go … and why. And it’s here to stay for awhile: Read More

01.13.25- "Too Big to Fail"
Banks Sparked the 2008 Crisis...?
Madge Waggy

According to wallstreetonparade– It took eight years of research to compile a data set of annual balance sheets of more than 11,000 commercial banks dating back to 1870 in 17 advanced economies. And in every country, the study arrived at the same finding: concentrating the banking system in the hands of five or less giant banks leads to financial instability and more severe financial crises. The bank balance sheets of the following countries were examined: Australia, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, the United Kingdom, and the United States. Read More

01.11.25- Why two Fed officials doubt the need for many more rate cuts
Greg Robb

Benchmark rate is already close to the goal of ‘neutral,’ Bowman and Schmid say

Two top Federal Reserve officials on Thursday questioned the need for many more interest rate cuts. Read More

01.10.25- Fed can soothe Trump or Treasuries, not both
Mike Dolan

LONDON, Jan 9 (Reuters) - Extreme bond market agitation has put the Federal Reserve in a bind. It can either cool long-term inflation fears or acquiesce to President-elect Donald Trump's complaints about interest rates being "far too high."

It can't do both and will likely opt to tackle the former, potentially setting up a running verbal battle with the White House over the coming year. Read More

01.09.25- Bond Bomb Goes Off
David Haggith

It just got ugly in the bond market. Ugly for stocks, anyway. Ugly for those owning bonds to trade. Good for those wanting to buy safe Treasury interest to hold to maturity.

Janet Yellen figured out that Covid stimulus may have contributed “a little bit” to inflation. What a chipmunk! With dim-bulb illumination like that, it’s no wonder she finds it “hard to see how the math [of DOGE] works.” Is it hard to see how government efficiency helps reduce the budget deficit, Dear Yanet? Read More

01.08.25- Central banks continue their great gold grab in November
Krishan Gopaul

Assessing the final act of 2024, central banks around the world continued to play a leading role in the demand for gold. November represented another solid month of gold buying as central banks collectively added a net 53t to global official holdings based on available reported data. This extends the broader trend observed throughout this year where central banks – mostly those from emerging markets – have remained keen buyers of gold, driven by the need for a stable asset amid global economic uncertainties. Read More

01.07.25- And Now, for Something Entirely Different: Why Russia’s biggest threat
is China
Richard (Rick) Mills

A few weeks before Russia invaded Ukraine in the spring of 2022, Russian leader Vladimir Putin and President Xi Jinping of China declared theirs was a partnership that contained no limits. 

Since the Russian army crossed the border into Ukraine, the Chinese have not once criticized Russia’s actions, and have abstained on every critical vote at the United Nations including one condemning Russia’s annexations of four Ukrainian oblasts, or territories. Read More

01.06.25- Status of US Dollar as Global Reserve Currency: USD Share Hits 30-Year Low as Central Banks Pile on Other Currencies & Gold
Wolf Richter

If the rate of decline over the past 10 years continues, the dollar’s share will sink below 50% by 2034. Read More

01.04.25- And Now, for Something Entirely Different: Now The Mainstream Media Is Talking About The “Mystery Fog” Phenomenon That Is Causing Panic All Over America
Michael Snyder

Has there been an unusual amount of fog in your area lately?  If so, did a lot of people in your area start getting sick after the fog arrived?  All of a sudden, fog has become one of the hottest topics on social media, and even the mainstream media is now talking about this phenomenon.  But is there any validity to this story?  I am going to try to be balanced and I am going to share information from both sides of the debate. Read More

01.03.25- How the Value of Money Will Change After the Apocalypse
Clark Barnes

(65.5% of Americans have begun to stockpile what they think they need in the event of a natural or political collapse.)

Famed French Microbiologist Louis Pasteur once said that “fortune favors the prepared mind”. When the topic of the apocalypse comes up, this quote definitely holds water. If you’re truly wise, you’ll endeavor to build self-sufficient homes, stock up on necessary supplies, and research on potential scenarios to find out what else you may need | 404. One of these scenarios often touches the topic of economics and finances. A common enough question that comes up for a lot of preppers is, what value will money hold when the world, as you know it, comes to an end? Read More

01.02.25- Houston, We Have a Problem
Chris Martenson

View Video

01.01.25- Dollar Booms

A look at the day ahead in U.S. and global markets from Mike Dolan

Although the Federal Reserve's "hawkish cut" on Thursday had been broadly expected, markets now fear 4% policy rates will be the floor for the coming year at least - and no further easing until midyear or later.

The picture painted by the Fed removes monetary easing as tailwind from the stock market for months and has seen the dollar rocket (.DXY), opens new tab to its highest in more than two years - bowling over emerging, developed and crypto currencies alike. Read More

12.31.24- Under Trump, Expect No Change to the Monetary Status Quo
Brendan Brown

A guilty verdict by US voters last November on inflation mongers will have no follow-through in terms of monetary regime change. Problem: the verdict was not delivered in sharp and comprehensive form. Instead, communication was largely via exit polls and other such surveys. The propagandists of the present monetary regime have been able to manipulate this messaging to the advantage of themselves and their clients.  Read More

12.30.24- 21 Quotes About Central Banking That Show Why The Federal Reserve Must Be Shut Down
Michael Snyder

…and it grows by the nano-second!

We have come to accept that we are permanently trapped in an endless cycle of debt and money creation. But the only reason why debt and money grow at an exponential rate is because that is what our system was designed to do. The Federal Reserve and other central banks around the globe were created with a purpose. The goal was to get humanity into as much debt as possible, and those holding that debt just keep getting wealthier and wealthier. Unfortunately, we have been trained to not even question this deeply insidious arrangement. Read More

12.28.24- The Bailout Fallacy
David Gordon

It is always encouraging when a non–Austrian School economist accepts through his own reasoning an essential tenet of Austrian economics. Ruchir Sharma, who is chairman of Rockefeller International, founder and chief investments officer of Breakout Capital, and a well-known economic journalist, is not an Austrian, though he is aware of Friedrich Hayek’s work. He lends strong support to the Austrian position that because competition moves resources to where they best fulfill consumer demand, the government must not interfere with this process by bailing out businesses that fail. Read More

12.27.24- Gold Falls to One-Month Low After Fed Signals Less Easing
Yvonne Yue Li

(Bloomberg) -- Gold fell to the lowest price in a month after the Federal Reserve reduced interest rates and forecast less monetary easing for 2025.

US policymakers lowered their benchmark interest rate for a third consecutive time on Wednesday, but reined in the number of cuts they expect in 2025, signaling greater caution over how quickly they can continue reducing borrowing costs. Read More

12.26.24- The Fed Is Cutting... So, Why Are Mortgage Rates Going Up?
Peter Schiff

Powell is admitting that inflation is still too high, but the Fed still plans to cut interest rates by .25%. So why are mortgage rates going up?

The Fed has turned hawkish relative to its recent rhetoric, resisting to slash interest rates as low as it had envisioned. Although it’s continuing to cut, the Fed’s actions primarily influence short-term interest rates, such as the federal funds rate. This is the rate at which banks lend to one another overnight. These short-term rates affect a wide range of borrowing costs including those on credit cards, car loans, and adjustable-rate mortgages.  Read More

12.25.24- Central Banks Will Prioritize Government Spending Over Inflation In 2025
Daniel Lacalle

Independence of central banks has been under question for many years. However, the disappearance of “higher for longer” in 2024 erased any doubt about the monetary authorities’ lack of independence.

The Federal Reserve panicked in June 2024 and decided to delay the normalization of its balance sheet, coinciding with a period of massive deficit spending and Treasury debt issuance at elevated rates.  Read More

12.24.24- Fed Plans Fewer Rate Cuts in 2025
Michael Maloney

Gold prices rose Friday but remained on track for a weekly decline of 1-2%, pressured by the Federal Reserve's more hawkish stance on interest rates.

The Fed's latest projections showed fewer rate cuts planned through 2025 than previously expected, with officials now forecasting just two quarter-point cuts instead of the four cuts suggested in September. Read More

12.23.24- The Fed Admits Inflation Mistake, then Repeats It
Peter Reagan

Many people are wondering what in the world is going on with the Federal Reserve right now. 

The general thinking over the last several decades is that one of the Fed’s primary jobs is to keep the economy running along like a well-oiled machine while keeping inflation from getting out of control (which, if you think about it, is a subtle nod to one of the biggest problems with a fiat money supply, but I digress…). Read More

12.21.24- How the Fed Chokes the Economy
MN Gordon

Clouds hovered in the skies over the Eccles Building in Washington, D.C. this week as the Federal Open Market Committee (FOMC) held its final meeting of the year.

Inside the climate-controlled building an unelected body of statist central planners supped mugs of coffee brewed with beans imported from the southern hemisphere. They also applied consensus and conjecture to fix the price of credit. Read More

12.20.24- Fed Fumbles, Dow Tumbles,
Bonds Go for Broke
David Haggith

All financial market's were strangely shocked to learn inflation is real and the Fed still has to fight it.

Powell finally admitted that inflation is higher again and that the Federal Open Market Committee that sets the Fed Funds Rate expects inflation will be even a little higher still in 2025. As a result, the FOMC made the one rate cut still expected of it by markets today, but showed clearly in its dot plots for future interest rates and its statements that it expects only half as many cuts in 2025 as it expected at its last meeting it would do in 2025. Read More

12.19.24- The Fed Is as Clueless as Markets
 Jonathan Levin

When the stewards of monetary policy are so uncertain, the best course of action is to do nothing.

In normal times, the conduct of monetary policy is a lot like driving a car through a thick fog of uncertainty. You have a general idea of where you’re going, but you want to move slowly to avoid accidents. At the moment, it’s more like driving while double blindfolded — in a car with malfunctioning brakes. The most prudent move is to stop. Read More

12.18.24- Is Gold the Fed’s Plan B?
David Morgan

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12.17.24- A Road Map To Ending The Fed
Dr Ron Paul

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12.16.24- The Fed can't just be 'data dependent' in 2025 — it needs to be 'policy dependent'
Julie Hyman

Federal Reserve Chair Jay Powell has been very firm and consistent in his messaging about the election and fiscal policy.

At his last post-FOMC press conference, two days after the election, he said, “The election will have no effects on our policy decisions.” And “We don’t comment on fiscal policy.” And, just to be sure, “I’m not going to talk about anything that relates directly or indirectly to the election.” Read More

12.14.24- The most insolvent bank in the history of the world is…
James Hickman

As the 1800s came to a close and the world propelled itself full of innovation and optimism into the 20th century, there was perhaps nowhere else on the planet more admired and envied (except for the United States) than Argentina.

In fact, just like America in the late 1800s and early 1900s, Argentina was overflowing with immigrants from all over the world looking for a better way of life in that land of opportunity. Read More

12.13.24- Treasury Pick Sees a “Global Economic Reordering”
James Rickards

President Trump’s pick for Treasury Secretary, Scott Bessent, has stated that he believes the world is on the cusp of a “global economic reordering”. And he would “like to be a part of it”.

He has hinted at the need for a new international agreement on the level of the famous Bretton Woods Agreement of 1944. Bretton Woods, of course, established the world monetary order over 8 decades ago. Read More

12.12.24- And Now, for Something Entirely Different: What If A Nuke Detonated
In Los Angeles?
Tyler Durden

As the Deep State continues its desperate push to cause as much chaos as possible before Trump takes office with the overthrow of Assad in Syria and deeper strikes into Russia causing Putin to loosen his nuclear weapons doctrine, Newsweek recently published a harrowing analysis showing the effect of a R-36M2 missile impact in major U.S. cities.

Also know as SS-18 "Satan", the nuclear-grade missile is a cornerstone of the Russian arsenal since the Soviet Union with a range of up to 10,000 miles and yield of 20 megatons (over 1,000x Hiroshima). Just one impact in any major U.S. city would dwarf America's WWII losses in minutes, to wit: Read More

12.10.24- The Evil Cycles of War and Economic Destruction
Egon von Greyerz

As we approach what usually should be a blissful holiday period, the treacherous path the world is now on does not bode well for 2025 and beyond.

Two global crises will dominate the world for at least several years and possibly decades. Read More

12.10.24- The Evil Cycles of War and Economic Destruction
Egon von Greyerz

As we approach what usually should be a blissful holiday period, the treacherous path the world is now on does not bode well for 2025 and beyond.

Two global crises will dominate the world for at least several years and possibly decades. Read More

12.09.24- Fed Chairman's Brazen Lies About Gold Go Unchallenged
Chris Powell

Money Metals writer Mike Maharrey yesterday shot down the laughable assertion made this week by Federal Reserve Chairman Jerome Powell that bitcoin is, "like gold," merely a "speculative asset" and thus a competitor with gold, not the dollar, because people aren't using bitcoin for payments or as a store of value.Read More

12.07.24- The Joke's on us, and Federal Reserve Jokers Are Not So Funny
David Haggith

It's inside humor.

We start off by looking at an old funny joke told by Alan Greenspan (except that few of us would perceive it as funny at all, though the Federal reserve’s Federal Open Market Committee members, who set monetary policy, found it quite funny as an inside joke): Read More

12.06.24- Are You Unknowingly
on a Suicide Mission?
MN Gordon

“We’re a creature of Congress, we’re not in the Constitution.”
– Fed Chair Jerome Powell, December 4, 2024

Chasing the Wild Goose

The transfer of wealth from workers and savers to the government and the big banks rolled on this week with Swiss-like precision. The process is both mechanical and subtle. Here in the USA the automated elegance of this ongoing operation receives little attention. Read More

12.05.24- Red States Are Taking Action Against Dollar Devaluation
Peter Reagan

Lawmakers in the Lone Star State are so fed up with dollar devaluation that they’re taking matters into their own hands. Outlining a bold proposal to reinvent money – and it’s certain to have the Federal Reserve in an uproar. Here’s the opening shot in the battle of Texas versus the Fed… 

Your News to Know rounds up the most important stories about precious metals and the overall economy. Read More

12.04.24- The Fed Is Already Backpedaling on the Pace and Depth of Rate Cuts
Wolf Richter

Job openings and voluntary quits jumped by the most in over a year, layoffs and discharges plunged.

The underlying dynamics of the labor market bounced back in October, according to the Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics today. The data continues to be muddled by the Boeing strike that lasted through October and ended in early November, and by three hurricanes – Francine in early September, Helene in late September through early October, and Milton in mid-October – whose heavy rains and flooding temporarily shut down work sites in a substantial part of the country. Read More

12.03.24- Is the U.S. Banking System in Trouble?
James Hickman

In the year 1157, the Republic of Venice was engaged in a bitter trade war with its archrival the Byzantine Empire.

While the rest of Europe was barely surviving thanks to the stupidity of their centrally planned feudal economies, Venice was a place where anyone, even the most illiterate peasant, could work hard, take some risks, and become fabulously wealthy. Read More

12.02.24- Central Bank Collapse Incoming! Silver Prices Will Explode!
Adrian Day

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11.30.24- Gold-Backed Or Bust: Judy Shelton's Plan To Tame The Fed And Restore The Dollar
Paul Mueller

Judy Shelton has spent her career advocating for sound money. Her latest book, “Good as Gold: How to Unleash the Power of Sound Money,” makes an up-to-date case for reinstituting a gold standard. Her intriguing conclusion is that the dollar can be reconnected to gold by simply issuing federal treasury bonds with gold-redeemability clauses. The book also addresses recent events and important current debates about monetary systems like whether central bankers should have wide policy discretion, whether fixed or floating exchange rates are better for economic growth, and what happens when countries manipulate their currency to boost exports.  Read More

11.29.24- Chinese Central Bank Just Secretly Bought 60 Tonnes of Gold
Jan Nieuwenhuijs

The People’s Bank of China (PBoC) is covertly buying very large amounts of gold, adding upward pressure to a tense gold market.

An explosive cocktail of Western institutional investors and central banks in the East buying gold this year is making the gold price rise sharply. Interest rate cuts and geopolitical strain will sustain this bull market. Read More

11.28.24- The Federal Reserve Lost Another $20 Billion in the Third Quarter; You Will Get the Bill
Mike Maharrey

The Federal Reserve booked $19.9 billion in operating losses in the third quarter.

Keep in mind that Fed losses ultimately become your losses. The taxpayer is on the hook for the central bank’s shortcomings.

Fed losses in the last quarter were 35 percent lower than in Q3 2023, but up from just over $16 billion in Q2.  Read More

11.27.24- Judy Shelton has proposed an innovative approach to reintroduce a gold standard for the US dollar
Herman James

Proposal for a 50-year Treasury bond convertible into gold issued at the initiative of President Trump on July 4, 2026.

Judy Shelton is an American economist known for her advocacy of the gold standard and her criticism of the Federal Reserve. She is a former economic advisor to President Trump and has held prominent roles in both the public and private sectors. Her latest book is Good as Gold: How to Unleash the Power of Sound Money.  Read More

11.26.24- The Bureaucratic Dictatorship
TL Davis

The United States is in a much worse place than it was thought to be. The election of Donald Trump signified a desire to end a lot of abuses of the government against the people. They did it to Trump and had no problem doing it to anti-abortion protesters or school board attendees when they disagreed with the sexualization of their children.  Read More

11.25.24- And Now, for Something Entirely Different: Make Ethereum feel like Ethereum again: Based rollups explained
Yohan Yun

Ethereum’s rollup-centric layer-2 roadmap has successfully tamed the congestion and ludicrous gas fees on the base layer - but at the cost of creating a fragmented ecosystem.

Designed to scale the network, L2s have become little islands on their own, each with its own rules, systems and barriers. Read More

11.23.24- Federal Reserve’s likely slowdown in rate cuts could disappoint borrowers
Chris Rugaber

WASHINGTON (AP) — Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.

In September, its officials predicted that they would reduce their benchmark rate four times next year, on top of three rate cuts this year. Read More

11.22.24- And Now, for Something Entirely Different: The List: Policy Actions To Save America From Globalism
Before Time Runs Out
Brandon Smith

It’s been a wild ride. After years of near total leftist control of every significant social and governmental institution in the US and abroad the American people have said enough is enough. The progressives have once again been slapped with the ultimate lesson of our era – Get Woke, Go Broke. This time they’re not just broke; they’re broken. Read More

11.21.24- And Now, for Something Entirely Different: The Prospects for Trump’s Agenda
Paul Craig Roberts

Cities and states controlled by left-wing Woke anti-American Democrats are busy at work organizing to oppose the will of the American people as expressed in the presidential election.  

In Pennsylvania the corrupt Democrat authorities are openly defying the ruling of the State Supreme Court and counting invalid ballots in their effort to overturn the election of the Republican US senator. Read More

11.19.24- And Now, for Something Entirely Different: America Faces an Impossible Economic Crisis – Can Trump Fix It?
Brandon Smith

On his first day in office, President Trump will be walking into a fiscal disaster. Brandon Smith of Alt-Market.us lays out an aggressive plan to salvage the U.S. economy from the brink of collapse – and explains the crucial role physical gold and silver will play…

For the past several months I've been discussing the high probability of Donald Trump's return to the White House. Specifically, I have warned that the Biden/Harris Administration along with the Democrats have been using data manipulation to hide the growing threat of a stagflationary collapse within the U.S. within the next couple of years. Read More

11.19.24- And Now, for Something Entirely Different: America Faces an Impossible Economic Crisis – Can Trump Fix It?
Brandon Smith

On his first day in office, President Trump will be walking into a fiscal disaster. Brandon Smith of Alt-Market.us lays out an aggressive plan to salvage the U.S. economy from the brink of collapse – and explains the crucial role physical gold and silver will play…

For the past several months I've been discussing the high probability of Donald Trump's return to the White House. Specifically, I have warned that the Biden/Harris Administration along with the Democrats have been using data manipulation to hide the growing threat of a stagflationary collapse within the U.S. within the next couple of years. Read More

11.18.24- And Now, for Something Entirely Different: The Revolution Of 2024
Jeffrey Tucker

People are out and about, smiling at each other. It’s been true since the morning after the election, the results of which defied every prediction. Who doesn’t like to see the smug elites who have ruled the world for five awful years taken down a peg? 

More than that, there are hints of a return to sanity. Mainstream advertisers are suddenly returning to X, putting their economic interest above their tribalist loyalties. The editor of pro-lockdowns Scientific American, which had long blessed totalitarian measures as true science, has resigned. Read More

11.16.24- The Anatomy of a Bubble
Adam Sharp

“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”

-John Templeton, legendary mutual fund manager

In 2006, I asked a realtor friend if we were in a housing bubble.

He assured me that everything was fine. Defaults were low – and this is my favorite – “housing prices always go up”. Read More

11.15.24- And Now, for Someting Entirely Different: This Is Why They Won’t Be Able To Block Matt Gaetz, Tulsi Gabbard, Pete Hegseth And RFK Jr.
Michael Snyder

This week, Donald Trump shocked the Washington D.C. establishment to the core.  For decades, the unelected bureaucrats that control our mammoth federal agencies have been running our country into the ground.  No matter who we have sent to Washington, the culture in these agencies has remained the same. Read More

11.14.24- The Fed Is Trying To Save Itself
At Your Expense
Peter Schiff

Well, inflation is up again. You’re probably not surprised, and neither are we.

Over the past few months, in fact, we’ve repeated again and again that inflation will keep rising, and even identified some strange reasons why.

Remember back during the early days of the pandemic when used car prices went through the roof? Read More

11.13.24- GOLD The FED Then END It
Brother Nathanael

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11.12.24- Congress Should Fire
Jerome Powell
Ryan McMaken

There were a few seemingly tense moments at the FOMC press conference on Thursday when two reporters asked Jerome Powell about the prospect of Donald Trump asking Powell to resign. The first reporter asked “would you resign if asked to do so by Donald Trump?” To this, Powell responded with a resounding “no” followed by silence. A few moments later, Powell was asked by another reporter if it was lawful for Trump to either remove or “demote”—that is, remove Powell as chairman, but leave him on the Board of Governors—Powell. To this, Powell responded with a forceful “not permitted under the law.” Read More

11.11.24- All States Are Empires Of Lies
Thomas DiLorenzo

This article is a version of a speech delivered at the 2024 Mises Institute Supporters Summit.

“Most economists are political apologists masquerading as economists,” wrote Doug Casey in one of his columns.

“They prescribe the way they would like the world to work and tailor theories to help politicians demonstrate the virtue and necessity of their quest for power.” Read More

11.09.24- U.S. ‘Debt Tsunami’ Will Force Fed to Negative Rates, Push Gold to $8,000
Brien Lundin

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11.08.24- Is the Alternative to Inflation Actually Worse?
Peter Reagan

Inflation is a controversial topic among economists. They can’t always agree on the best ways to measure it, or even what causes it. They all agree on one thing, though. You’ll never believe why the so-called experts think inflation is a necessary evil… 

Inflation seems to be a controversial topic among economists. Which is strange because economists are supposed to study how the world works in order to help individuals (and, yes, governments) make better decisions. Read More

11.07.24- Donald Trump’s victory sets up traps for central banks
Chris Giles

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. Read More

11.06.24- Propaganda Blitzkrieg Erupts after RFK Pledges to Remove Fluoride
From Water Supply
Ben Bartee

RFK Jr. recently pledged, from his future perch high up in the Trump administration that the former president has promised him, to drain known neurotoxin fluoride from the water supply — in particular, a highly toxic form of fluoride and biproduct of industrial fertilizer production called fluorosilicic acid.

Corporate media and the vaunted “experts” they rely on to issue their pseudoscientific decrees were none too pleased with RFK’s plan to suspend the forced drugging of the American public with no informed consent whatsoever. Read More

11.05.24- Global Economy Already In Recession? Fed Will Cut Rates More
But No QE?
Danielle DiMartino Booth

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11.04.24- Interest Rates Are Soaring...
How High Will They Go?!
George Gammon

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11.02.24- Playing with Fire: Money, Banking, and the Federal Reserve
Mises.org

The Fed has been the source of booms, busts, and the ongoing impoverishment of Americans since the Fed’s founding.

This is why a new, critical look at the Federal Reserve is needed, and why the Mises Institute is now happy to bring you this new documentary on the Fed. Read More

11.01.24- And Now, for Something Entirely Different: Why Trump MUST Win
Brian Maher

A majority of American voters distrust the pillars upon which democracy rests — the vote itself.

They perceive cracks within the marble. Some perceive fissures. Reports Rasmussen: Read More

10.31.24- The Vigilante War is on!
David Haggith

It’s very interesting—too interesting for the Fed’s liking. The Fed is a lone ranger, trying to send interest rates down, but it finds itself surrounded by outlaw vigilantes in the bushes of financial markets who are shooting interest rates up. The Fed has lost control of the markets. It’s a dark day in the Fed world.

Bond guru Jeffrey Gundlach says, in a video linked to below, that the reason interest rates are going up since the Fed set out on a path to lower them is that bond investors are starting to worry about how we are going to finance the nation’s deficits. Read More

10.30.24- Why Governments Have No Incentive to Help You
Peter Reagan

Many people around the world have the idea that their governments are there for their benefit, to help them, especially when times get tough. But the fact of the matter is that governments actually have no incentive to help you, not today and not tomorrow…

We live in a fascinating time in world history, a time when most people around the world seem to believe their governments are their friends. There to help, to find ways to make life safer, more comfortable, more secure. Read More

10.29.24- And Now, for Something Entirely Different: Democrats Have Already Suspended Article II of the U.S. Constitution
John Leake

Talk of Trump being "threat to democracy" is a textbook case of psychological projection.

Today I had a long conversation with one of my oldest friends, who happens to believe that Donald Trump poses a grave threat to democracy. Read More

10.28.24- Oops: The Treasury Secretary spilled the beans about the coming inflation
James Hickman

In the aftermath of World War II, with Europe devastated and Japan in ruins after two atomic bombs, the world faced the monumental task of rebuilding the global economy.

It had already been decided at the 1944 Bretton Woods Conference that America and the US dollar would dominate the new international financial system. Read More

10.26.24- GDP Inflation: The Hidden Cost of Government Spending
Peter Reagan

It’s election season – which means we’re hearing a lot of talk about the economy and government spending priorities. Today we evaluate the impact of federal government debt, show you how easy it is to inflate GDP, and explain exactly how these political games are picking your pocket…

We’re in an election year, and that means, of course, that the party trying to get re-elected is going to tout how great of a job that they’ve done for the voters. Read More

10.25.24- When This Breaks, it will be a Catastrophe
Chris Martenson

View Video

10.24.24- The Federal Reserve: A Seamless Extension Of The Regime
 Ryan McMaken

For decades, the US Federal Reserve has carefully cultivated and promoted the idea that it is somehow separate and independentfrom the US regime that created it. 

The ruse has certainly worked. Economists and media pundits frequently refer to this alleged Fed “independence” as if it were a given, and as if there were a wall of separation between the executive branch and the central bank. Others take it even further, and in podcasts and social media one encounters a variety of crackpot theories asserting that the Fed is somehow at odds with the regime, or that the Fed answers only to bankers without regard for the regime’s agenda. Read More

10.23.24- 23% of tax revenue ($1.1 TRILLION) is now interest on the national debt
James Hickman

The corpse of King Louis XV was still warm when his son and successor, 19-year old Louis XVI, started cleaning the royal house.

French finances were an absolute mess. The country was almost hopelessly bankrupt after decades and decades of costly warfare… and even more costly royal luxury. The young king’s predecessors, Lous XIV and Louis XV, spared no expense when it came to their comfort and grandeur, and the end result was the largest national debt in the history of the world up to that point. Read More

10.22.24- No Compromise With the Fed!
Llewellyn H. Rockwell, Jr.

Some people argue like this: Although the Fed as it now exists is very bad, a nation needs a central bank to regulate its money supply, and the Fed is better than nothing. That being so, we should try to urge the Fed to adopt a non-expansionary monetary policy. In this view, calls to “End the Fed” are mistaken. I’m sure most of my readers already know what I’m about to say, but, just to be clear, that view is disastrously wrong. We do not need a central bank, and to argue in the way indicated is to betray the great Murray Rothbard and the great Dr. Ron Paul, whose slogan “End the Fed” has galvanized so many of us. Read More

10.21.24- And Now, for Something Entirely Different: How To Remove Fluoride From Your Water At Home
Sheramy Tsai

Since 1945, fluoride has been added to public drinking water supplies, but research has shown it may pose risks to our health.

When Grand Rapids, Michigan, became the first city to add fluoride to its water supply in 1945, it was hailed as a major public health innovation aimed at preventing cavities. Many other cities quickly followed suit, and water fluoridation became a widespread practice nationwide. Read More

10.19.24- And Now, for Something Entirely Different: Goodbye Digital, Hello Physical
James Rickards

Is the election over already?

Sure, Election Day is Tuesday, Nov. 5. But the election is happening in real-time and will mostly be over by the end of this week because of early voting, mail-in ballots, drop boxes and ballot harvesting. Read More

10.18.24- Whip Inflation Never
MN Gordon

The storyline all year from the Federal Reserve and the Treasury was that consumer price inflation was coming down. That it would soon be within the Fed’s arbitrary 2 percent target. That the runaway inflation over the last few years was a mere pothole in the road to greater prosperity.

On September 18, the Fed was so sure it had expelled inflation that it cut the federal funds rate for the first time since March 16, 2020. What’s more, the Fed went big. It cut 50 basis points. Read More

10.17.24- The Next Wave(s) of Inflation
Adam Sharp

Have you ever been caught in a set of gnarly waves at the ocean? The kind where you get smashed by a breaker, come up for air and there’s another big one waiting for you at the surface?

This is a solid metaphor for inflationary periods. They don’t happen like a single big tsunami.

They are typically processes that play out in stages over a decade or more. Policymakers try various fixes, and most fail or only provide temporary relief. Read More

10.16.24- Fake News on the Economy Is Driven by Fake Money
Stefan Gleason

The mainstream financial media is hailing Friday's surprise "blowout" jobs report. According to the Labor Department, employers added 254,000 jobs in September, much more than had been forecasted.

President Joe Biden joined Federal Reserve Chairman Jerome Powell in taking a victory lap for the supposedly strong economy. Read More

10.15.24- Inflation Eats the Food of the Poor, and Taxes Inflate
the Wealth of the Rich
David Haggith

When are we going to stop it from happening

My latest Deeper Dive did what I could to take down any remaining false hope that inflation is now over, but over the weekend I’ve found other articles that add support to my position, so I’ll share those now with all readers of The Daily Doom. Read More

10.14.24- How the Bankers Outfoxed the Politicians
George F. Smith

Since the job that was actually assigned to [the Fed] by Congressman Carter Glass back in 1913 is now vestigial and long gone, and the financial system has been flooded with massive liquidity for decades on end, it might well be time to declare victory and let the free market take care of jobs, growth, inflation and prosperity. Read More

10.12.24- Banks Need Your Trust Because They Don’t Have Your Money
Peter Reagan

The latest inflation report contained bad news for banks. They’re deeply underwater, and still sinking – in such bad shape that even the head of the SEC doesn’t want anyone looking too closely…The first inflation report since the Fed’s September interest rate cut begged some questions…

Since I sincerely hope most of you don’t follow these stories as closely as I do, we’ll start with a quick recap: Read More

10.11.24- Mistakes from the Past
MN Gordon

Sometimes things don’t work out as planned…

On September 18, the Federal Reserve cut the federal funds rate by 50 basis points. This was the first time the Fed cut rates since March 16, 2020. The aggressive rate cut was goaded on by people like Elizabeth Warren, who said Fed Chair Jerome Powell was “behind the curve.”

Over the last three weeks something unexpected by the Fed has happened. The yield on the 10-Year Treasury didn’t follow the Fed’s rate cut down. Rather, it did the opposite. Read More

10.10.24- Bond Market Smells a Rat: On Eve of CPI Inflation Data, 10-Year Treasury Yield Jumps to 4.08%, +43 bps since
Monster Rate Cut
Wolf Richter

Fed is seen as deprioritizing inflation fight, while a tsunami of supply heads for markets.

At the auction today, on the eve of the release of the CPI inflation data that may “surprise” markets with a further acceleration of inflation, the US Treasury Department sold $39 billion in 10-year Treasury notes, maturing on August 15, 2034, at a yield of 4.066%, substantially higher than the yield at the last 10-year Treasury auction on September 11 of 3.648%. Read More

The Unstoppable Path to Ever-Increasing Currency Debasement
Nick Giambruno

The Federal Reserve has returned to monetary easing in an environment of elevated inflation.

It raises an important question…

If one of the steepest rate hike cycles in history couldn’t defeat inflation…

And the Fed can’t raise rates much further without bankrupting the US government because of the soaring interest expense… Read More

10.08.24- No Interventionist Government Or Central Bank Wants Lower Prices
Daniel Lacalle

Many citizens want more government control of the economy to curb rising prices. It is the worst strategy imaginable.

Interventionist governments never reduce consumer prices because they benefit from inflation, dissolving their political spending commitments in a constantly depreciated currency. Inflation is the perfect hidden tax. Read More

10.07.24- Why the Fed’s Two-Percent Inflation Target Is Meaningless
Ryan McMaken

Federal Reserve technocrats like to use a variety of slogans and buzzwords designed to make the Federal Reserve look like it’s an apolitical, “scientific” institution guided only by a quest for sound management of the economy. Specifically, nearly every time Fed chairman Jerome Powell makes an appearance—whether it’s the usual FOMC press conference, or when testifying before Congress—Powell is careful to make mention of how the Fed is “data driven,” and how the Fed “seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run.”  Read More

10.05.24- And Now, for Something Entirely Different: What Would World War III Really Look Like? It’s Already Starting…
Brandon Smith

One of the most common assumptions I come across in the survival-sphere is the idea that the next world war would automatically necessitate global nuclear conflict and a Mad Max-like outcome. In other words, a lot of people assume we aren’t in a world war until the nukes start flying and the survivors are left fighting in soda can armor over an irradiated desert. This is a dangerous misunderstanding for a lot of reasons. Read More

10.04.24- Did Jerome Powell Just Trigger A Stock Market Crash?
George Gammon

View Video

10.03.24- And Now, for Something Entirely Different: Lookout Don't Look Up
Nicholas Creed

Is the art of conversation dying or dead amongst those born since 2000? Does that age cohort favour emojis and digital communication over face to face human interaction and verbal dialogue? I ask these questions both rhetorically and tongue-in-cheek, because we all know the answer.

I feel like I am surrounded by zombies. I am surrounded by zombies. I’ve ranted about this kind of thing before, here, here, and here. Read More

10.02.24- The Present Monetary System Is Heading for a Breakdown
Frank Shostak

Many economists incorrectly assume a growing economy also requires a growing money stock, assuming that economic growth gives rise to a greater demand for money. It is held that failing to increase money to facilitate increased trade will lead to a decline in prices of goods and services, destabilizing the economy and leading to an economic downturn. Read More

10.01.24- And Now, for Something Entirely Different: COVID Roundup: Bill Would Force Pfizer to Cough Up Compensation
For Victims of Its Vaxx Fraud
Ben Bartee

COVID Propaganda Roundup: The latest updates on the “new normal” – chronicling the lies, distortions, and abuses by the ruling class.

Congressional bill would remove vaxx manufacturers’ liability shields

I assume most Armageddon Prose readers are familiar with the reason you can’t sue Pfizer for melting your liver or maiming your baby in utero, which is that they bribed Congress sufficiently back in the day to give the immunity. Read More

09.30.24- And Now, for Something Entirely Different: You Don't Need a Weatherman to Know Which Way the Wind Blows
Jim Quinn

As we accelerate towards whatever disastrous outcome awaits our debt-ridden, delusional, decadent, despairing society, I seem to be drawn to the anti-establishment lyrics of Bob Dylan, written during the turbulent 1960s. Maybe it’s the assassinations and unpopular war in the 60s that have triggered my focus. You certainly don’t need a weatherman to know which way the wind is blowing today. A gale force wind is blowing the nation towards civil and global war, simultaneously. And it is not a naturally occurring wind, but an artificial storm created by the ruling plutocracy in a last-ditch traitorous effort to retain their wealth, power and control over our lives. Read More

09.28.24- Will the Fed Repeat 1970s
Policy Mistakes?
Vance Ginn

The Federal Reserve’s recent decision to cut the federal funds rate by 50 basis points to a range of 4.75 percent to 5 percent, despite inflation still exceeding its 2 percent target, bears alarming similarities to the monetary policy missteps of the late 1970s. Back then, under pressure to stimulate economic activity, the Fed loosened monetary policy too soon. Read More

09.27.24- And Now, for Something Entirely Different: Putin sends a SHOCKING warning to NATO, Stop now or face nuclear consequences
Redacted News

View Video

09.26.24- It's a Recession! But I digress.
David Haggith

Today, Jeffrey Tucker is pointing out the view that is almost inescapable, at least, as one of two clear alternatives, regarding the Fed’s large crisis-scale rate cut at a time when it says the economy is “strong.” Adjusting the trim tabs on its 747 for a smooth and level landing is one thing, but gunning the engines is another—something only done if the plane is coming down much too quickly: Read More

09.25.24- The Future Of The Fed
Jeffrey Tucker

By dropping rates dramatically only a month and a half before an election, the Fed is playing with fire. The election, by all visuals, would seem to pit the establishment against an insurgent populist movement. Regardless of the countercyclical motives, it’s a move that has been widely seen as deeply political. And that invites resentment and retribution. Read More

09.24.24- Based on Today's Report, Powell Should be Biting His Lip on Inflation
David Haggith

That lip is going to be getting a little raw.

The rise in inflation that I’ve said we could see by end of summer, continues to look increasingly likely to emerge soon and not like it is going to cut Chairman Powell’s rate cut a break. Read More

09.23.24- A Global Snapshot:
The Stupid, the Broken & the Evil
Matthew Piepenburg

As a polarized U.S. marches toward a political, financial, and perhaps even military crossroads in the closing months 2024, many feel what George Lucas might otherwise describe as a “disturbance in the force.”

From blow-off market tops, empty political platitudes and an openly broken bond market to debased currencies and large swaths of the planet at war or inching toward escalation, it seems we are juggling aspects of the stupid, the broken, the insane and perhaps even…the evil. Read More

09.21.24- World Gone Wild: From the Fed to War to Violent US Politics against Trump Supporters
David Haggith

The Fed is super-stimulating the economy during what Powell said are good times economically, and Trump haters have decided not to wait until they lose the election to go violent against MAGA. Read More

09.20.24- Powell Scores His Soft Landing ... until it All Blows up
David Haggith

Today certainly looks like Powell just landed the plane softly, except that it hasn't really quite landed yet, and the tarmac is riddled with land mines and maybe a few engine-stuffing goats.

Time will tell. It was the most important non-event Fed meeting in recent memory. The Fed did exactly what nearly everyone believed it would do and lowered interest rates half a percentage point. Had it done any less, investors would have been shocked, and that probably would have moved markets for the worse, except they moved for worse anyway. Read More

09.19.24- Modern Slavery
Jim Rickards

Today, the Fed did what I predicted it would do and cut interest rates. The “pivot” has finally arrived, ending the rate hike cycle that began in March 2022.

I’ll have much more to say about it in tomorrow’s issue, so please tune in tomorrow. But today, I want to talk about the dangerous globalist threats to our freedoms that we presently face. Read More

09.18.24- Founding Father Edmund Randolph vs. The Federal Reserve
Mike Maharrey

After Congress passed a bill to establish the first national bank -- a forerunner of the modern Federal Reserve -- President George Washington asked Attorney General Edmund Randolph to prepare an opinion on the bill’s constitutionality. Randolph came down firmly against the measure, arguing that the Constitution didn’t delegate to Congress the power to charter corporations. Read More

09.17.24- Three Ways the US Government Could ‘Kick the Debt Can Down the Road’
Richard Mills

Developed-world governments continue to spend beyond their means, borrowing and printing money to pay for their exorbitant expenditures. None of it has any consequences, other than inflation, due to fiat currencies. It doesn’t matter how high interest rates go, they just keep borrowing, adding to deficits and national debts.

This is unsustainable and eventually will come to a crashing halt. When an individual borrows money he/she starts a loan by paying mostly the interest off first. Gradually the principal gets paid down and the loan is paid off. Read More

09.16.24- And Now, for Something Entirely Different: The 2nd Assassination Attempt
Martin Armstrong

The Secret Service has captured the alleged attempted assassin, who is supposed to be a registered Democrat. Since he did not fire, they may not be able to charge him with an attempted assassination. This is the problem that the press and their constant hatred of Trump are dividing the country so profoundly that we are not likely to survive united as a nation beyond this election. In a recent article by D. Earl Stephens, he wrote: Read More

09.14.24- A Plague On Both
Your Monetary Houses
Christopher Irons

Whether your candidate wins or loses, there's a monetary policy silver lining. 

For all the huffing and puffing I do about politics, you’d think that both candidates would have substantially different ideas for monetary policy, should they be elected. After all, this is supposed to be a finance blog. 

But the truth is, they don’t. Read More

09.13.24- Smoke And Mirrors: What Happens When Biden's Economic Manipulations Disappear?
Brandon Smith

Statistical manipulations are at the heart of the Bidenomics success story, according to Brandon Smith of Alt-Market.us – but does that really matter? How would the economic landscape change during a second Trump presidency?

There is a popular school of thought that believes most economic stability is purely psychological; that the health of the economy relies on the population NOT knowing the true state of things. In other words, “ignorance is bliss.” Read More

09.12.24- Bad Data And Bad Models: How The Fed Has Shattered Confidence
Mike Maharrey

The Federal Reserve boasts of its data dependence. But what if it’s relying on bad data?

Even worse, what if it’s plugging that bad data into a faulty model? In July, the Bureau of Labor Statistics (BLS) made massive downward revisions to the job numbers. Poof – the agency simply erased 111,000 jobs from existence. Read More

09.11.24- What To Expect On Interest Rates For The Remainder Of 2024
Simon Moore

The Federal Open Market Committee has three scheduled meetings remaining in 2024 and markets expect interest rates to be cut at all of them. Statements from FOMC policymakers have generally become more dovish.

Inflation has eased substantially and the labor market is weakening somewhat, albeit from a period of very low unemployment. Economic theory suggests both factors typically call for less restrictive monetary policy when compared to current levels. Read More

09.10.24 - And Now, for Something Entirely Different: The Deep State
is Past Its Shelf Life
J.B. Shurk

At the Economic Club of New York, President Trump announced: “I will create a Government Efficiency Commission tasked with conducting a complete financial and performance audit of the entire federal government — and making recommendations for drastic reforms.”  Elon Musk is eager to get involved with the project.  In one fell swoop, every other reason for re-electing Donald Trump took a back seat to the tantalizing possibility of turning his second term into an Office Space sequel. Read More

09.09.24- The Fed’s Balance Sheet Feeds Bailout Culture
Paul Mueller

Fed-watching has become a hobby for many, and an occupation for some. When will the Fed cut interest rates? (September) How much will it cut interest rates? (25 – 50 basis points) How will this affect credit card and mortgage rates? (They will start coming down)

These are the kinds of questions most people ask. But what people wrongly ignore is the Fed’s huge balance sheet and its related consequences: subsidizing explosive government deficit spending and creating a bailout culture. Read More

09.07.24- The Fed Is Our Friend -
Gold Price Predictions
David Brady

Labor data on Wednesday, specifically the JOLTS numbers, were much lower than expected. This led to a brief jump in expectations for a rate cut of 50 basis points to a 50-50 probability. Next we have the Non-Farm Payrolls on Friday.

If the Payrolls are lower than expected, the probability of a 50bp rate cut will rise significantly. Typically, this is supportive of precious metals and miners. Read More

09.06.24- And Now, for Something Entirely Different: Here's Who You Should Be REALLY Concerned About
Rick Rule

View Video

09.05.24- The Fed Is Cutting Rates Soon. Should I Wait to Get a Loan?
Kelly Shue

The Federal Reserve is expected to lower interest rates at its meeting on September 17–18. Many homebuyers and other borrowers incorrectly believe that they get a lower rate by waiting until a cut becomes official, according to Prof. Kelly Shue. This misconception is so widespread that it can undercut the effectiveness of Fed monetary policy. Read More

09.04.24- Powell Announces “Pivot”
Jim Rickards

Labor Day weekend is over, and the election is just over two months away. Is the U.S. economy in a recession as election season enters full swing?

There’s a mountain of data suggesting the answer is yes, or if we’re not in a recession, we soon will be. We’ll explore this data below but let’s begin with the (supposedly) most powerful force in the U.S. economy — the Federal Reserve. Read More

09.03.24- Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
Alex Veiga

The average rate on a 30-year mortgage eased for the second week in a row and remains at its lowest level in more than a year, good news for prospective homebuyers facing home prices near all-time highs. 

The rate fell to 6.35% from 6.46% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.18%. Read More

09.02.24- Central Banks Are DOOMED! Gold & Silver Are About To Go PARABOLIC!
Greg Mannarino

View Video

08.31.24- Fudging the Figures
Alasdair Macleod

Of all the dangers that threaten the global financial system, the one most likely to topple it is the US Government’s debt trap. This article explains how and why it is becoming inevitable

According to the US Government, its debt stands at $35.210 trillion having grown 57% in the last five years. As the chart below shows, there was a big step up in early 2020 due to Covid. But subsequent attempts to control the deficit and therefore indebtedness have been absent. Read More

08.30.24- The Long, Slow Goodbye
(to the USD)
GoldFix

"The primacy of the dollar is the tired old wallpaper of the world monetary system.” — James Grant

“There is no trap so deadly as the trap you set for yourself.” ― Raymond Chandler, Long Goodbye

Intro: Inside James Grant’s latest Interest Rate Observer there is a nice piece on Gold in it titled Long goodbye to the dollar standard fromwhich some important comments should be shared. As always his writing is part history, part observation, and part dry humor. Here is a summary and analysis of that article. Read More

08.29.24- Tumbling Down
David Haggith

Jobs are falling down, down, down, taking the economy with them, and the Fed barely knows it.

I have to keep it short today as medical issues got in the way of writing time, but I’d like to point out a few things from the news headlines below.

Economist David Rosenberg, who predicted the 2008 financial collapse, said that the 818,000 adjustment in new jobs that I wrote about here on The Daily Doom signify an economy that is in a worse meltdown than the Fed realizes. Read More

08.28.24- Inflation is Forever
David Haggith

You may beat the inflation rate back down, but all future inflation happens from the new higher benchmark of prices that never fall back down, and central banks never stop trying to push them up.

"The time has come for cuts," Powell said at the Jackson Hole Economic Symposium Read More

08.27.24- And Now, for Something Entirely Different:Lies, Lies, Lies and MORE Lies!
Charles R. Dickens

“The further a society drifts from the truth the more it will hate those that speak it.” ~ George Orwell

Several of us suffered the ignominy and revulsion of the political rallies these past few weeks. I was particularly dumbfounded by the free-flowing falsehoods from the Nationalist American Socialist Party (NASP). You may know them as the Democrat Party, but there is nothing democratic about this new political blight on our republic. They have transformed this political party into agents for Karl Marx and everything he envisioned in his communist manifesto and treatises on social re-engineering. Read More

08.26.24- Uneasy Fed Admits We Are Approaching Recession
Peter Reagan

Fed Chair Jerome Powell stepped up to the podium at Jackson Hole and announced the inflation fight was over – because the balance of economic risks has shifted. Here’s what they’re so worried about…

Remember how the Biden administration, the Fed, and corporate media has kept saying the economy and job market were “strong”? Well, it turns out that isn’t the case. Read More

08.24.24- Starting with a 25 basis point rate cut 'makes a lot of sense to me': Fed's Harker
Jennifer Schonberger

Philadelphia Fed president Patrick Harker said he expects the central bank to start with a 25 basis point cut as it begins to ease monetary policy and he would be open to a larger cut if the labor market deteriorates suddenly.

"Starting at 25 makes a lot of sense to me," Harker told Yahoo Finance Friday during an interview at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyo. Read More

08.23.24- "Powell Pivot Is Complete": Gold, Stocks, Bitcoin, & Bonds Surge As Fed Chair Powell Says "Time Has Come For Policy To Adjust"
Tyler Durden

Powell’s comments confirmed that a September rate cut is coming, as he said "the time has come for policy to adjust", with traders on the lookout for clarity regarding the magnitude of the cut. Commenting on the speech, WSJ's Nick "NIkileaks" Timiraos put it best: "The Powell pivot is complete" and notes the following: Read More

08.22.24- Gold Pares Gains After New Record as Focus Turns to Jackson Hole
Jack Wittels

Gold pared gains after hitting another record as traders look ahead to a speech by Federal Reserve Chair JeromePowell later this week.

Bullion climbed to as high as $2,531.75 an ounce, taking this year’s gain to more than 22%, before giving up some of the advance. Powell’s address on Friday at the annual Jackson Hole symposium in Wyoming will be closely analyzed for clues about the central bank’s thinking on widely expected rate cuts — often seen as positive for non-interest bearing gold. Read More

08.21.24- And Now, for Something Entirely Different: Manuka honey reduces breast cancer cell growth by 84% in prelim studies
Paul McClure

Manuka honey reduced breast cancer cell growth by 84% without harming healthy cells or causing major side effects, according to preliminary studies. The findings open the door to developing a natural, non-toxic supplementary, or potentially stand-alone, anticancer treatment. Read More

08.20.24- We Don't Have a Wage Problem; We Have a Money Problem
Mike Maharrey

The push to raise the minimum wage is relentless.

For a while, it was "Fight for $15," but with rampant price inflation, a $15 an hour minimum wage isn't sufficient. Now it's "Fight for $20." Heck, it might even be "Fight for $25" at this point.

I understand people's frustration with wages. Their pay doesn't keep up with rising prices. Read More

08.19.24- The Federal Reserve and Pandora’s Box
Paul Mueller

The Federal Reserve system in the United States is the largest financial institution in the world with more than $7 trillion in assets. It “manages” the most important currency in the world. Its decisions can dramatically affect the course of the largest economy in the world. Wouldn’t it be nice if its officials knew what they were doing? Read More

08.17.24- What has the Fed Done to Our Lives?
George Ford Smith

[The following is derived from a speech in my novel, The Flight of the Barbarous Relic.]

Wars must be funded, and for this, governments functioning as states call upon the banking system for assistance.

Central Bank counterfeiting, which is another name for inflation, is the fuel that energizes the forces of war. Inflation, or counterfeiting, amounts to issuing receipts for something that doesn’t exist, which legally is the prerogative of the central bank. Calling such receipts money allows them to be created in massive amounts quickly. When the U.S. Congress votes to send billions of fiat money to Ukraine, Israel or anywhere else, no one questions the nature of what is being sent because legal tender laws make it all copasetic. Read More

08.16.24- Sandy Hook Black Mirror
Dr. James Fetzer

View Video

08.14.24- A $150,000 House In 1988 Now Costs $707,500; Thank You, Fed!
Mike Shedlock

The Fed has grossly distorted the housing market and no fix is in sight. A couple of images will explain...

Chart data from Case-Shiller, mortgage calculation based on Fannie Mae 30-year mortgage rates, chart by Mish Read More

08.13.24- Why the Fed Can't Win –
and We All Lose
Peter Reagan

In the much-anticipated statement following the most-recent FOMC meeting, Federal Reserve Chairman Jerome Powell hinted at the possibility of near-term rate cuts.

If rates start falling, that would certainly get speculators excited. But let’s examine the situation a little more closely. Read More

08.12.24- The Fed Is Powerless
Brian Maher

We are told the time has come for the Federal Reserve to wield its ax… and cut its target rate.

We are further told that prevailing conditions may demand multiple axings.

And that these adjustments to the overnight lending rate will work healthful impacts. Read More

08.10.24- "Japan Mixed The Batter, The Fed Will Bake The Cake..."
Peter Schiff

Americans are already struggling to feed their families and pay their bills, but having predicted every US recession since 1960, the steepening bond yield curve is speaking loud and clear that an “official” downturn is nearly inevitable. With bond prices on the rise as the Fed looks increasingly likely to cut rates in September, the yields are going down and the inverted curve is finally leveling out after an epic two-year inversion. Read More

08.09.24- Don’t bank on a put from Jay Powell’s Federal Reserve
Claire Jones

Panic won’t prompt an emergency rate cut and a 50-point reduction in September isn’t nailed on either.

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08.08.24- Fed Fails Spectacularly Again and Again!
David Haggith

If these guys were a rose bush with so many thorns and so few flowers, you'd burn it!

The Fed can easily be made to work but nobody apparently wants it to, or we’d change it. This rose bush puts out flowers that only stink and wither, but it has thorns the size of your fingers that cling to your pockets and tear at your flesh. We have three articles that were prominent in my news searches today that lay out just how miserably (for all of us) the Fed is failing at its actual mission. Read More

08.07.24- The Failures of Fiat Currency and the Federal Reserve: An Analysis
Joshua D. Glawson

Fiat currency and the Federal Reserve have long been subjects of debate and criticism for their perceived failures in achieving key economic objectives.

This article dives into the main points of criticism surrounding these issues, focusing on the 7 key failures of the Federal Reserve including the following objectives: Read More

08.06.24- Blood in the Streets!
Jim Rickards

“Most people think today will be like yesterday,” Daily Reckoning co-founder Bill Bonner says…

“But every now and then, today is NOT like yesterday. Something changes, something goes off the rails, there’s a paradigm shift.”

We may be facing such an inflection point right now. Today, I’ll show you why, and what’s at stake. Read More

08.05.24- And Now, for Something Entirely Different: Switzerland Launches ‘Assisted Suicide Pods’ to Euthanize Citizens
with the ‘Push of a Button’
Frank Bergman

Switzerland has launched a new vending machine-like “assisted suicide pod” that allows people to climb inside and be euthanized with the “push of a button.”

The new portable death “pod” is on track to claim its first victim this year after winning approval from the Swiss government.

Florian Willet, the CEO of the pro-euthanasia organization The Last Resort, announced the launch of the machine during a recent press conference. Read More

08.03.24- Central Banks Purchase Gold to Offset Their Own Money Destruction
Daniel Lacalle

Why is the price of gold rising if the global economy is not in recession and inflation is allegedly under control? This is a question often heard in investment circles, and I will try to answer it.

We must begin by clarifying the question. It is true that inflation is slowly decreasing, but we cannot say that it is under control. Let us remember that the latest CPI data in the United States was 3% annualized and that in the Eurozone it is 2.6%, with eight countries publishing data above 3%, including Spain. Read More

08.02.24- Well, Bite my Lip for Repeating this, but Pilot Powell Says We're Now Coming in for a Soft Landing
David Haggith

The Fed surprised no one today when it chose not to lower interest rates at this week’s FOMC meeting. What was a small surprise to some was that Powell said nothing in his prepared talk about cutting rates in September either. So he was asked about that by a number of reporters in the question-and-answer time afterward, to which he stated in a very measured way that, while he saw the lowering of rates in September as more likely than the Fed had presumed before, it would all depend on whether inflation continued to keep its head down. Read More

08.01.24- The Economic Situation of the West
Paul Craig Roberts

Once upon a time America had a capitalist economy. Bank deposits were used for loans that expanded productive ability. America produced its own goods and grew its own food. America’s currency was backed by gold and inflation was nonexistent. New technology brought into play by new investment improved the productivity of labor, and living standards rose. Profits were plowed back into improved methods and expanded production. Read More

07.31.24- No Fed "Pivot" Tomorrow
James Rickards

The Federal Open Market Committee (FOMC) of the Federal Reserve is meeting today and tomorrow for the purpose of discussing the economy and setting monetary policy going forward.

What does it mean for markets and your money? Today we’ll explore those questions. Read More

07.30.24- And Now, for Something Entirely Different: You’ll Never Work
in This Town Again!
James Howard Kunstler

“The kids are hooked on wokeness now. They’d be better off with cigarettes.” — Ian Miles Cheong on “X”

Did we just witness the suicide of Wokery? I think you saw what’s called, in the argot of progressive thinking, the “queering” of the Olympics. That was some spectacle. First, Death on a Pale Horse came galloping down the Seine River so that no one would miss the point of the symbolism to follow: the beheaded Marie Antoinette portrayed singing in the window of a flaming palais. Read More

07.29.24- Inequality Is Caused By Inflation
Lennart Wagemans

Many claim the problem with fractional reserve banking is that it loans money into existence. It does, but under normal circumstances the money created by commercial banks disappears when loans are repaid or defaulted on, which therefore doesn’t create a permanent inflation of the money supply. Read More

07.27.24- Why Radical Spending Cuts Are Needed
MN Gordon

The International Monetary Fund, a creature birthed at the Bretton Woods Conference in July 1944, turned 80 years old this week.  Its bureaucrats are worried.

The title of the IMF’s recently published World Economic Outlookis titled, The Global Economy in a Sticky Spot.  The source of the stickiness, per the WEO, is services inflation.  Namely, nominal wage growth, especially in the U.S., is increasing above goods price inflation. Read More

07.26.24- Bidenomics Kicks in, Economy is on a tear, Inflation plunges and Unemployment Falls!
David Haggith

And I’m DEAD WRONG on all of it (if all that you read is true)... but so is the Fed!

I’ve had, one might say, a great run for all of my predictions this year. Every step along the way, I was able to show where they came true. The economy slowed to a crawl in the first quarter, inflation returned to rising when few thought it would. Read More

07.25.24- And Now, for Something Entirely Different: Empire of Lies
Brian Maher

Why does government lie so repeatedly — and so atrociously?

Why does it fear truth as the vampire fears garlic?

The answer, we hazard, reduces to its desperate quest for prestige. Government equals authority. And an authority is an authority. Read More

07.24.24- Going the Way of the Denarius
Jeff Thomas

History repeats. (Or it rhymes, depending on your choice of words.)

Throughout history, there has been an extraordinary tendency for governments (and cultures) to follow similar paths. Even regarding eras thousands of years apart, we see people behaving in much the same way, over and over. This is particularly true in the case of “wrong moves.” Over and over, people and their governments make the same mistakes, seemingly never learning from past errors. Read More

07.23.24- Republican Platform Ignores Real Causes of Inflation
Dr. Ron Paul

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07.22.24- And Now, for Something Entirely Different: Acoustic Evidence Proves Beyond All Doubt More Than One Shooter
Paul Craig Roberts

I and others have pointed out astonishing voids in the Secret Service’s protection of Trump. The voids are so egregious that they cannot be blamed on incompetence. Scott Ritter says that intent is the only explanation. Read More

07.20.24- Politicians Pressure Powell to Give Up the Inflation Fight – Rate Cuts Ahead?
Peter Reagan

The latest inflation report says we’re still 50% over the Fed’s target. Is that really close enough? Will inflation disappear by itself? Why is Jerome Powell so close to giving up the inflation fight?

Morgan Stanley thinks the Federal Reserve could start cutting rates as early as September, based on the idea that “inflation is finally under control.” Read More

07.19.24- Something to Crow About
MN Gordon

What good would an American presidential election be in the year 2024 without an assassination attempt?

These days, everywhere you look, there are lunatics roaming around.  You see them at the market or the gas station.  Or wandering down Main Street.

They’re crazy and deranged, and they believe what the media has told them.  That Donald Trump is Hitler.  What’s more, some of these crazies, in the spirit of democracy, are eager to put their fingerprints on the turn of history. Read More

07.18.24- Donald Trump warns US Fed chair not to cut rates before the election
James Politi

Ex-president says he would let Jay Powell finish term at central bank if he was ‘doing the right thing’

Donald Trump has warned Jay Powell not to cut US interest rates before November’s presidential vote, but said if elected he would let the Federal Reserve chair serve out his term if he was “doing the right thing”. Read More

07.17.24- Stocks Soar for Economy in Doldrums
David Haggith

And Fed feints toward a September rate cut because the economy is slowing.

Traders are now betting 100% odds that Powell & Co. will lower interest rates in September, and Powell’s dovish tones, as talked about in my last editorial, certainly sound like he is preparing to move that way, though I have argued he won’t. The oddity here is that he is—after saying the Fed needs to really be convinced that inflation is headed back down—averring to the possibility of a cut. Read More

07.16.24- Dollar dips ahead of Powell, bitcoin climbs as investors
weigh Trump win
Chuck Mikolajczak

NEW YORK, July 15 (Reuters) - The dollar retreated from earlier highs on Monday ahead of comments from Federal Reserve Chair Jerome Powell, while cryptocurrencies rose on bets an assassination attempt on former President Donald Trump has boosted his re-election chances.

In the aftermath of the shooting, investors narrowed the odds of a Trump victory. Online betting site PredictIt, opens new tab showed bets of an election win for Trump at 67 cents, up from Friday's 60 cents, with Joe Biden at 27 cents. Read More

07.15.24- And Now, for Something Entirely Different: Did We Just Witness the FBI’s Attempt on Trump’s Life?
Paul Craig Roberts

A number of independent security experts have noted egregious failures in the Secret Service’s protection of Trump’s venue. Perhaps most notable was the failure to include the nearby buildings in the security zone. Three possible explanations have been offered: incompetence, intent, and insufficient assigned resources.

Incompetence is a possibility. In all federal agencies including the military, ability and merit have been set aside in order to make race- and gender- based appointments. Read More

07.13.24- Welcome to Inflationary Depression
Jeffrey Tucker

There was an oblique message buried in a recent New York Times story on the growing crisis in commercial real estate in cities.

Yes, this is exactly the kind of article that people pass over because it seems like it doesn’t have broad application. In fact, it does.

It affects the core of issues like our city skylines, how we think about urbanism and progress, where we vacation and work and whether the big cities are drivers or drains on national productivity. Read More

07.12.24- Fed to End Inflation Fight Before Job is Done
MN Gordon

Go way back, and further still.

To Florence, Italy.  In 1397.  To the establishment of the Medici Bank by Giovanni di Bicci de’ Medici.

There you will find the early framework for interlinking banking, business, and politics to consolidate wealth and power. Read More

07.11.24- And Now, for Something Entirely Different: The Clinton-Harris Ticket
Martin Armstrong

Polls are already asking voters whether they would support Hillary Clinton as president. Even international news outlets are posting this information. When did Hillary suddenly enter the race?

Democratic firm Bendixen & Amandi conducted a poll to see how the public would respond to a Clinton presidency. Of the 86% of respondents who watched the disastrous Trump-Biden debate, only 29% believe Biden is mentally fit to serve a second term. Read More

07.10.24- The Great Monetary Pivot Of 2024
Nick Giambruno

In the wake of the 2008 financial crisis, the Fed brought interest rates to roughly 0% and held them there for years.

Then, in late 2015, they started a rate-hiking cycle that lasted until the repo market turmoil in late 2019. Read More

07.09.24- Goldman Sachs Failed Major Test
David Haggith

Other banks are falling in behind.

Today brought some interesting news in the banking sector. To start off with, Goldman Sachs failed its stress test last week. In addition to GS, the Fed’s Dodd-Frank stress test revealed problems in other banks as well. The Fed noted that its staff do try to work with the banks to make adjustments to the test. So, I would add, if a bank can’t even pass the adjusted test, it must be in poor shape, should times become stressful. Read More

07.08.24- Why the Federal Reserve is Running Out of Monetary Oxygen
David Stockman

What passes for central banking today is really a perverse form of Wall Street-pleasing monetary manipulation. It employs the vocabulary of central banking, but in practice it fundamentally undermines main street prosperity, even as it showers the 1% (the top wealthiest people) with unspeakable financial windfalls.

Stated differently, virtually everything the Fed does for the alleged benefit of the American economy is both unnecessary and a ruse. Read More

07.06.24- Central Banks Added More Gold to Reserves in May
Mike Maharrey

Central banks continued to buy gold in May, but the pace slowed moderately with China at least temporarily out of the picture.

Central banks added a net 10 tons of gold in May, according to the latest data compiled by the World Gold Council. Central banks bought 23 tons of gold, offset by 13 tons in gross sales.

The National Bank of Poland was the biggest gold purchaser in May, adding 10 tons of gold to its reserves. Read More

07.05.24- The Byzantine Blueprint: A Guide for America’s Monetary Revival
Sean Ring

The doom and gloom surrounding the Presidential race is both undeniable and justified.

America seems tapped out. It’s out of money. It has lost the moral high ground. It resorts to coercion to keep its allies – or rather, vassal states – in line. It prints money to cover its lies. Read More

07.04.24- And Now, for Something Entirely Different: A Debate That Exposed Political Collapse
Garlan Nixon

From Stem to Stern, This Debacle Exposed the Rot of a Political System in Rapid and Irreversible Decline

A debate between a man who has little, if any, understanding of complex geopolitical issues and a brain dead warmonger who was never the sharpest knife in the drawer has exposed the irreversible decline of the US empire. Read More

07.03.24- Central Banks Diversify from USD-Assets to Other Currencies and to Gold
Wolf Richter

Long, slow erosion of the US dollar’s dominance. China’s renminbi keeps losing ground, many other currencies gain, as does gold.

The US dollar is still by far the most dominant global reserve currency, among many reserve currencies held by central banks, but its share has been eroding for years, as central banks have been diversifying to other reserve currencies, and also to gold. But the process is slow and uneven. Read More

07.02.24- US dollar dips as Fed's Powell's dovish comments offset upbeat jobs data
Gertrude Chavez-Dreyfuss

NEW YORK/MILAN, July 2 (Reuters) - The dollar slipped on Tuesday in choppy trading after Federal Chair Jerome Powell struck a slightly dovish tone in his comments, suggesting that the U.S. central bank is more than likely to start its easing cycle later this year. Read More

07.01.24- The Coming US Budget Disaster Will Impoverish Americans
Daniel Lacalle

Deficit spending is not a growth tool. It is the recipe for stagnation.

The latest Congressional Budget Office (CBO) budget and economic outlook estimates show the extent of the challenges of the United States fiscal nightmare.

The CBO expects a budget deficit of $1.9 trillion in 2024, a year of alleged robust economic growth and record tax receipts. They expect revenues to reach $4.9 trillion, or 17.2 percent of GDP, in 2024, which will rise to 18.0 percent by 2027 and remain at that level until 2034. Read More

06.29.24- What Happens When Rate Cuts Come Too Soon
Peter Reagan

Back in September 2021, as the inflation “train” was picking up speed, Jim Rickards was concerned about that momentum and predicted it was only getting started.

Keep in mind that Federal Reserve Chairman Powell kept downplaying inflation as “transitory” in 2021, but also ended up wildly wrong (almost negligent)  Read More

06.28.24- Federal Reserve Floats Weaker Version of Planned Bank-Capital Overhaul
Katanga Johnson

06.27.24- You Can't Taper A Ponzi Scheme
Nick Giambruno

A Ponzi scheme is an unsustainable scam that relies on a continuous influx of new money to keep it going. The scheme collapses if the flow of new money slows down or tapers.

Many believe the Federal Reserve is running what amounts to a giant Ponzi scheme.

That’s because the US government’s obscene spending and skyrocketing debt have reached an inflection point where the whole system will collapse unless the Fed pumps an ever-increasing amount of new fake money into the system. Read More

06.26.24- Who Needs The Fed?
Greg Guenthner

Send in the National Guard! Tech stocks are red! 

The tech sector plummeted nearly 2.5% on Monday following weeks of melt-up action. And the main culprits were some of the same stocks responsible for dragging the averages higher this year, specifically the semiconductors.

The VanEck Vectors Semiconductor ETF (SMH) continues to fill those gaps, dropping more than 3.4% yesterday — its third straight decline. It’s now fallen nearly 8% from last week’s highs. Read More

06.25.24- Who Needs The Fed?
The Mises Wire - Mises Institute

Perhaps nothing in financial news receives more attention than an announcement from the Federal Reserve. About eight times per year, the Federal Reserve’s Federal Open Market Committee meets to formally decide and announce its plans for monetary policy. Every announcement has the potential to cause a rally, or a rout, in financial markets. Read More

06.22.24- The Federal Reserve’s Cure May Actually Be Worse Than the Disease
Peter Reagan

Inflation has persisted so long now I’m forced to consider whether the Fed is really as concerned with it as Powell lets on. Maybe they realize the cure could kill the patient?

Like I explained in my last article, the miraculous Bidenomic economy has been dominated by first historic and now merely persistent inflation. Since his swearing in, our purchasing power has officially declined about 19%.  Read More

06.22.24- The Federal Reserve’s Cure May Actually Be Worse Than the Disease
Peter Reagan

Inflation has persisted so long now I’m forced to consider whether the Fed is really as concerned with it as Powell lets on. Maybe they realize the cure could kill the patient?

Like I explained in my last article, the miraculous Bidenomic economy has been dominated by first historic and now merely persistent inflation. Since his swearing in, our purchasing power has officially declined about 19%.  Read More

06.15.24- The Fed’s Whipped Inflation!
Brian Maher

Touch off the rockets! Light the sparklers! Raise a joyous toast!

That is because May’s inflation data came issuing this morning. And it disappointed expectations — or rather exceeded expectations.

A Dow Jones survey of economists had divined a 3.4% inflation rate. Yet the United States Department of Labor reported a mere 3.3% inflation rate. Read More

06.14.24- The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts
Ayelet Sheffey and Madison Hoff

Americans shouldn't expect interest rate cuts to head their way anytime soon.

The Federal Open Market Committee is set to announce its next interest-rate decision on Wednesday, and following a hot jobs report, there's a strong chance rates will once again remain steady. According to the CME FedWatch Tool, which estimates the likelihood the Federal Reserve will change interest rates based on market predictions, there's a 99.4% chance rates will stay where they are as of Monday. Read More

06.13.24- Gold prices steady around $2,300 with Fed rate decision, CPI on tap
Ambar Warrick

Gold prices moved little in Asian trade on Wednesday, hovering around a key support level as traders hunkered down before more definitive cues on U.S. rates from a Federal Reserve meeting and inflation data. 

The yellow metal was nursing a sharp decline in recent sessions as traders priced out expectations of U.S. rate cuts in the face of sticky inflation and a robust labor market. The dollar shot up to one-month highs, pressuring metal prices, while Treasury yields also rose. Read More

06.12.24- Shrinking Fed rate cut expectations to keep US Treasury yields elevated
Sarupya Ganguly

BENGALURU, June 11 (Reuters) - U.S. Treasury yields will plateau over the coming three months and then only fall modestly by year-end amid receding expectations of Federal Reserve interest rate cuts, according to a Reuters poll of bond strategists. After peaking at 5.02% in October, the benchmark U.S. 10-year Treasury note yield plummeted over 120 basis points (bps) as traders priced in as much as 150 bps of Fed rate cuts this year. Read More

06.11.24- The Entire System Is Crumbling! Major Red Flags Are Popping Up For Banks, Small Businesses And Retailers
Michael Snyder

If the economy is fine, why are so many signs of trouble erupting all around us?  Those that keep insisting that the U.S. economy is heading in the right direction conveniently ignore the very troubling facts and figures that I regularly share with my readers.  When you take an honest look at the cold, hard numbers that the economy keeps producing, there is only one logical conclusion.  Our entire system is crumbling, and it appears that conditions will soon get significantly worse.

Just look at what is happening to our banks. Read More

06.10.24- Why is Keynesian Economics Collapsing?
Martin Armstrong

John Maynard Keynes in his 1936 book, ‘The General Theory of Employment, Interest and Money,” argued aggregate demand was too volatile to be stable and would lead to inflation or recessions. His theory honed in on spending as a means of price control. Low aggregate demand, Keynes argues, would lead to high unemployment and stagflation. Government could intervene through fiscal policies to increase aggregate demand, as an example, increased government spending could tame inflation. Interest rates, according to Keynes, could also be modified to encourage spending and stimulate demand. So why are these theories failing miserably today? Read More

06.08.24- It's The Fed That's A Risk
To Financial Stability
Alex J. Pollock

Central bankers whistle ‘Dixie’ as mark-to-market losses dramatically shrink the banking system’s economic capital.

Whistling a happy tune, the Federal Reserve vice chairman for supervision, Michael Barr, recently testified to Congress that “overall, the banking system remains sound and resilient.”

A more candid view of the risks would be less sanguine.Read More

06.07.24- How People Can
Better Fight Inflation
Mark Thornton

People can’t stop the Federal Reserve from inflating the money supply, nor can we prevent them from adding more fuel to their fire.

We can only fight the fire started by the arsonists at the Fed from spreading further into our lives.

In this article, I want to review the ways that people fight the Fed’s fire—higher prices everywhere and the reasons why everyone should be actively fighting against inflation. Read More

06.06.24- Up in Smoke
David Haggith

As we slide into recession, will we burn up due to inflation first or war?

A few small things settled in a direction that could give Powell a chill that causes him to shift from battling inflation to driving it back up nice and hot, just as stock investors and bond investors are back to hoping he will do. Changes in the labor market make it appear labor may FINALLY be reaching that point where new jobs are not coming fast enough and old jobs ending more quickly to where the changes couldstart to push unemployment up. Still, I’ve pointed out a few head fakes along the way, and this could easily be another one. More data coming in on Friday could clarify the employment picture. Read More

06.05.24- Central bank gold buying picks up in April
Krishan Gopaul

The rapid rise in the gold price during March raised  several questions. One of these was whether central banks – whose demand has been posited as a key reason for the recent rally – would change their gold buying behaviour in response.

We now have the benefit of a more complete picture for March, as well as initial data for April, to help inform our perspective. Latest figures – reported via the IMF and publicly available sources – show that global gold reserves rose by a net 33t in April, similar to levels seen in February (27t).1 Although gross purchases dipped to 36t, from 39t in March, gross sales saw a more pronounced m/m drop from 36t to just 3t in April. Read More

06.04.24- Is the Fed Driving Us Into Recession?
Chris Casey

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06.03.24- US firms grow more pessimistic on economic outlook, Fed survey shows
Lindsay Dunsmuir

May 29 (Reuters) - U.S. economic activity continued to expand from early April through mid-May but firms grew more downbeat about the future amid weakening consumer demand while inflation continued to increase at a modest pace, a U.S. Federal Reserve survey showed on Wednesday, as central bankers mull how long they will need to keep interest rates at current levels.

The U.S. central bank's latest temperature check on the health of the economy also showed that the jobs market continues to more normalized levels. Read More

06.01.24- Interest Rates: What Are They and What Do They Actually Do?
Birch Gold

Interest rates are an embedded part of the economy at both the global and the household level – but what impact does the Effective Federal Funds Rate (EFFR) actually have on the economy, and why?

Interest rates are an embedded part of the economy at both the global and the household level – but what impact does the Effective Federal Funds Rate (EFFR) actually have on the economy, and why? In simple terms, the EFFR is the target rate set by the Federal Open Market Committee of the  U.S. Federal Reserve (also known as the Fed), which meets eight times a year to determine it.  Read More

05.31.24- Think Inflation Is Done?
Think Again!
Alasdair Macleod

A lethal combination of budget deficits and trade sanctions are going to be reflected in increasing price inflation for the US. And where the US goes, the rest of us follow.

In this article I focus on two reasons why inflation will rise leading to higher, not lower, interest rates and bond yields. The first is the destruction of credit’s value through its non-productive expansion, mainly by governments running budget deficits. The second has had almost no attention but is at least as serious: the consequences of the repatriation of supply chains being accelerated by trade tariffs and sanctions. I shall briefly comment on the first before turning my attention to the second. Read More

05.30.24- No, Corporate Greed Is Not The Cause Of Inflation.
Lance Roberts

Corporate greed is not causing inflation, despite the claims of many on the political left who failed to understand the very basics of economic supply and demand.

“If you take a look at what people have, they have the money to spend. It angers them and angers me that you have to spend more. It’s like 20% less for the same price. That’s corporate greed. That’s corporate greed. And we have got to deal with it. And that’s what I’m working on.” – President Biden via CNN

Yes, prices have certainly gone up due to inflation. However, that wasn’t the fault of corporations. Read More

05.29.24- Time Is Running Out For Gold Stocks
Mike Maharrey

Are the central bankers at the Federal Reserve just winging it?

It sure seems that way if you step back and take a long view of their decision-making.

Fed officials project this aura of authority. You might imagine them as hyper-intelligent experts in the field of economics and finance making carefully calculated monetary policy decisions based on a thorough understanding of all the dynamics in the economy. After all, they must have risen to these important positions at the Fed based on their economic acumen? Read More

05.28.24- Is Hyper-Inflation that Destroys a Currency a "Solution"?
Charles Hugh Smith

Is the train leaving the station?

When predicting the future, we're best served by following "what benefits the wealthy and powerful," as that is the likeliest outcome. 

This contrarian sees a strong consensus around the notion that hyper-inflation is the inevitable end-game of nation-states / central banks issuing fiat currencies, i.e. currencies that are not restrained by being pegged to tangible assets such as gold reserves. The temptation to issue (via "printing" or borrowing new currency into existence by selling sovereign bonds) more currency becomes irresistible to politicians and central bankers alike. Read More

05.27.24- MASSIVE: Election Spending, Government Debt, No Buyers...
Taylor Kennedy

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05.25.24- Continual Rise in the Cost of Living… And Why the Fed Has No Shame
David Stockman

Jay Powell did it again assuring the 1% that he has their back.

Markets recovered their poise over the last 24 hours, as investors were relieved after Fed Chair Powell stuck to his recent views on the economic outlook. In his remarks yesterday, he said that recent data didn’t “materially change the overall picture” and that on inflation “it is too soon to say whether the recent readings represent more than just a bump.” In addition, he reiterated that if “the economy evolves broadly as we expect, most FOMC participants see it as likely to be appropriate to begin lowering the policy rate at some point this year.” So that all helped to validate market pricing, which still expects 71 bps of rate cuts from the Fed by the December meeting. Read More

05.24.24- The Mirage Of "Lower Inflation"
Is Fooling Nobody
Peter Reagan

Inflation continues to consume our purchasing power, month after month. Here’s why just about everyone, including the Federal Reserve, is concerned…

Every time the rate of inflation has been released each month over the last few months, the Biden Administration and some media outlets appear to claim economic victory. Read More

05.23.24- The Fed is already insolvent. Here’s how we think this plays out
James Hickman

On Tuesday, September 15, 1992, the two most powerful financial officials in the British government held an urgent meeting that night to review their plan for when the markets opened the next morning.

The tone of the meeting must have felt frantic… even desperate… because the value of the British pound had been falling for weeks. Read More

05.22.24- Fed's Barr: Inflation data 'disappointing,' policy needs more time
Howard Schneider

AMELIA ISLAND, Florida (Reuters) - U.S. inflation data through the first months of 2024 has been "disappointing," Fed vice chair for supervision Michael Barr said on Monday, leaving the central bank short of the evidence it needs to ease monetary policy.

"Inflation readings in the first quarter of this year were disappointing. These results did not provide me with the increased confidence that I was hoping to find to support easing monetary policy," Barr said in remarks prepared for delivery at an Atlanta Federal Reserve conference on financial markets. Read More

05.21.24- CPI's Little Head Fake
David Haggith

It won't give Powell the confidence he needs in order to believe this year's rising inflation is transitory, but it was all crazed markets needed to get high.

I started off this weekend’s Deeper Dive with the following summary of stock-and-bond-market lunacy: Read More

05.20.24- When Ideological Bubbles Trump Economic Thinking
Paul Mueller

Sometimes smart people make remarkably naïve or deeply problematic comments because their view of the world has been molded by narrow ideology, reinforced by significant consensus in their social circles. 

Recently Esther Duflo, a Nobel prize winning economist, revealed herself to be such a person. In a Financial Times interview with Simon Mundy, she said the West owed a “moral debt” of about $500 billion annually to the global south due to its contribution to climate change and the resulting harm. Read More

11.18.23- And Now, for Something Entirely Different: Entire Financial System
On Knife's Edge
Dave Smith

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05.16.24- Will High Inflation Ease Up Soon? You Won't Like the Answer
Peter Reagan

Inflation has been over the Fed’s target for OVER THREE YEARS now – so why is Powell telling us to be patient? Because inflation has some unlikely allies, and the Fed can’t fight them directly…

If you were hoping that the official inflation rate would ease, especially on the necessary goods and services you need to buy, then you might have to be patient. Read More

05.15.24- Trump’s Secret Plan to End Currency Wars
Jame Rickards

There has been a lot reported in recent days about the return of currency wars. This story arises in the context of a likely Trump election victory in the November presidential elections.

Trump badly bungled his transition after first being elected president in 2016. He wasn’t ready with a long list of loyal appointees. Read More

05.14.24- Will the Fed Lose Control?
Ron Paul

According to new reports from the Social Security and Medicare trustees, Social Security and a Medicare fund that pays for hospital expenses will both begin running deficits in 2035 and 2036. Disappointingly, but not surprisingly, Congress was too preoccupied spending billions more on military aid for foreign countries and banning TikTok to pay attention to the looming bankruptcy of the two largest federal entitlement programs Read More

05.13.24- And Now, for Somthing Entirely Different: Can a Country as Far Gone as America Recover?
Paul Craig Roberts

The Epoch Times has acquired official documents that reveal that the Centers for Disease Control (CDC) in 2021 had definite evidence that Covid-19 mRNA “vaccines” caused multiple deaths. Despite the conclusive evidence in CDC’s hands, the “health agency” continued to lie for the next two years that there were no adverse effects from the emergency use “vaccines” that were for tens of millions of Americans illegally and unconstitutionally mandated as a condition of employment. Read More

05.11.24- How Do People’s Experiences
of Inflation Differ?
Alberto Cavallo

The Issue:

Inflation rates are among the most closely watched economic statistics, but, as with many statistics that attempt to capture what is happening throughout the economy, aggregate measures mask important particulars. Measuring inflation requires simplifying assumptions about the basket of goods that a typical consumer purchases in a given month as well as eliding demographic differences and distinctions within product categories. Looking closely at prices within disaggregated product groups and using high-frequency online price data helps to reveal the nuances underneath monthly inflation numbers and how the experience of rising prices differs across groups of people. Read More

05.10.24- The Consequences of Interest Rate Suppression
Alasdair Macleod

Decades of interest rate suppression have resulted in debt traps in both public and private sectors which will destroy faith in fiat currencies. This leads to higher, far higher interest rates and the escape into gold is only just starting.