The Economic Engine Of Democrats
I am a political junkie and a political conservative. Like so many conservative political junkies, I spend a good portion of my waking hours trying to understand what the words and actions of Democrats actually mean.
Like the Politburo of the former Soviet Union, the words of Democrats often bear little resemblance to the actions their words embody. “Equity” is an excellent example, as when Democrats say “equity,” they really mean highly inequitable policy solutions. Sometimes, however, Democrats deliberately fail to coherently describe the meaning of their actions, and then it becomes even harder to ascertain meaning.
Such is the case with the basic economic policies of Democrats. Many on the right like to say that Democrats support socialism, but that’s not wholly true given how many capitalist components exist inside Democrat economic policies… (Continue to full article)
Status of US Dollar as Global Reserve Currency: Central Banks Diversify into Other Currencies and Gold
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.
The US dollar lost further ground as top global reserve currency in 2024, according to the IMF’s COFER data released today. Total holdings of USD-denominated securities by other central banks (not the Fed) fell by $59 billion to $6.63 trillion at the end of 2024, from $6.69 trillion at the end of 2023.
And the dollar’s share declined to 57.8% of total allocated exchange reserves at the end of 2024, the lowest since 1994, down by 7.3 percentage points in 10 years, as central banks have been diversifying their holdings for years to assets denominated in currencies other than the dollar, and into gold… (Continue to full article)
Silver Market Update – Upside Slingshot Move In Prospect…
Silver has made modest and hesitant gains compared to gold in the recent past. There are two reasons for this. One is that, unlike gold which is at clear new highs, silver is still working its way through considerable overhanging supply which exists all the way up to its 2011 highs at $50. The other is that there is still very little speculative interest in the Precious Metals as made clear by the silver-to-gold ratio that we will look at lower down the page which means that this new sector bull market is still in its infancy.
the giant Bowl boundary, which is now rising steeply, is coming into play and strictly limiting the downside and looks set to slingshot silver higher soon… (Continue to full article)
Gold sails above $3,100 to uncharted territory as US tariffs approach
Gold prices soared to record levels above $3,100 per ounce in a rally marking one of the most significant upswings in the precious metal’s history, with psychological levels swept aside by a cocktail of factors – including worry about fallout from impending U.S. tariffs.
Spot gold hit a record of $3,124.07 per ounce on Monday.
Uncertainty surrounding U.S. President Donald Trump’s tariffs added extra heat to the momentum pushing gold higher, including strong demand from central banks, expectations of interest rate easing by the Federal Reserve, geopolitical instability in the Middle East and Europe, and increased flows into gold-backed exchange traded funds… (Continue to full article)
Morgan Stanley, Citi and Goldman Sachs all grow more bullish on gold as prices pierce $3,100
Investment banking giants Morgan Stanley, Citigroup, and Goldman Sachs have all shared updated gold price projections for 2025 and beyond as the yellow metal’s bull run shows no sign of slowing, even as new tailwinds emerge to support today’s all-time high prices.
Amy Gower, metals and mining commodity strategist at Morgan Stanley, told Bloomberg on Monday morning that gold’s move to new all-time highs has been building for quite a long time, and every time analysts predict a peak, it posts further gains.
“I think that’s because there’s two different stories driving gold here,” she said. “One is the physical demand that really started to shift in 2022 when we saw central banks buying a lot more gold… (Continue to full article)
Trump Tariffs Gone Wild
The U.S. stock market’s recent zigs and zags have triggered considerable excitement. Wall Street pros, private money managers, and Millennial index fund enthusiasts have all been whipsawed by the market’s swift up and down movements. No one can seem to stay ahead of President Trump’s ‘make it up as you go’ tariff games.
Trump clarified the rules of the game to reporters in the Oval Office on March 21. Specifically, he intends to be flexible on tariffs when it is to the advantage of American companies…. (Continue to full article)
55 Ways That Everything That You Think That You Own Is Being Systematically Taken Away From You
The entire system has been designed to generate as much revenue from your activity as possible until someday you eventually drop dead. It is tax season, and that means that it is time to feed the largest and most bloated government in the history of the entire planet once again.
Of course the federal income tax is just one of the ways that they are systematically draining your wealth. As you will see below, there are literally dozens of taxes that Americans must pay each year.
Many of our politicians seem to revel in inventing ways to extract money out of us, and that needs to stop… (Continue to full article)
