NEWS

Silver Investment Demand Nearly Triples During Year of Pandemic

Data by the Silver Institute shows that global silver-backed Exchange-Trade Products’ holdings rose by 297 million ounces through the first three quarters of 2020, nearly tripling the growth seen during the same period last year.

Investors Will Hoard Gold Even Faster Next Year, Keeping Prices High

Demand for gold from jewellers and central banks will remain sharply lower in 2021 than before coronavirus, but investors will keep prices high by stockpiling record amounts of bullion, Refinitiv Metals Research said.

BofA: Fed Will Use Digital Dollars To Unleash Inflation, Universal Basic Income And Debt Forgiveness

"The next frontier for central bank revolution is use of digital currencies as conduit for policies such as UBI (universal basic income), MMT (Modern Monetary Theory), student debt forgiveness, to induce sustained rise in inflation expectations."

A Global Debt Crises Is Coming and the Next Administration Better Be Ready for It

The next U.S. administration will likely face a global debt crisis that could dwarf what the world experienced in 2008-2009. To prevent the worst, it will need to address the burdensome debt plaguing both the United States and the global economy.

Billionaire Real Estate Mogul Sam Zell Sees Economic Risk in Rising U.S. Debt

Sam Zell said Thursday that he’s worried about trillions of dollars in stimulus spending by Congress and a resulting rise in U.S. debt. Ultimately, that could undercut the U.S. economy…

Central Banks Pile Into Europe’s Common Debt: WSJ

Central banks were among the biggest buyers of European common debt this week, signaling growing trust that the euro will hold its own through the pandemic.

Double Dip Recession Tweets of the Day

The Covid recession isn't even over yet, but there is already talk of a double dip coming.

Billionaire Fund Manager Paul Tudor Jones Expects $1.7 Trillion Stimulus Deal In Next Six To 1

n a Thursday morning appearance on CNBC's Squawk Box, billionaire hedge fund manager Paul Tudor Jones said he believes the next six to 12 months could be the most volatile period for markets he's seen in more than 40 years of trading, as a result of a blue wave election outcome that could pump trillions into the American economy.

Global Systemic Crisis: Impending Return to Reality: GEAB

For 12 years, the West has been struggling to understand the message of the 2008 crisis: “You are no longer the only ones on the planet!” The dollar, international organisations dominated by the West, Western-centric financial markets, trade flows focused on Europe and the US,… the fantastic global trade network set up during the first …

Asia Suffering ‘Worst Recession in Living Memory’

Economic growth for the region has been downgraded - despite China's emerging recovery.

Mnuchin Seen Delaying Currency Report Until After U.S. Elections: Bloomberg

U.S. Treasury Secretary Steven Mnuchin is unlikely to release a much-watched report on international currency manipulation that was due in April until after presidential elections on Nov. 3, according to people familiar with the matter.

College Age Americans Face Permanent Hit With Few Job Prospects

Young Americans face some of the highest unemployment rates and that could have long-term consequences for the broader U.S. economy

Americans Are Frantically Buying Military Gear Before the Election: Bloomberg

Conflict is on America’s streets in 2020, and “tactical apparel” has become a lifestyle industry serving militarized law-enforcement agents and the freelance gunmen who emulate them. Less than two weeks before Election Day, orders are rolling in.

Stocks Slide To Session Lows After White House Says "Pelosi Making Deal Harder By Not Budging One Inch"

The market read between the lines, realized that the constant back and forth means no deal is coming, and sold off.

Long Term Unemployment Spikes for Millions of Americans. Aid That’s Kept Them Afloat May End Soon

As of September, 2.4 million Americans have been unemployed for more than 27 weeks due to the coronavirus pandemic. The aid that many have relied on may soon end.

Everything is Staged

The entire financial system--nothing but an elaborate simulacrum of a real-world financial system.

Covid Deaths in Context

Unemployment Claims Drop For the Wrong Reason

Last week I reported "Seasonally-adjusted continued claims fell from 11,183,000 last week to 10,018,00 this week." This week we see continued claims fell from 9,373,000 to 8,373,000. We had massive revisions primarily in California which was investigating fraud.

As Stimulus Talks Drag On in Washington, Millions of Small Businesses Await Guidance on PPP Loan For

Time is running out for millions of small business owners on Main Street. It’s not just another round of cash that they need from Washington to avoid contagion.