Falling interest rates and consistent central bank demand could sustain gold’s rally through 2025, according to Lina Thomas, commodities strategist at Goldman Sachs Research.
“Since 2022, gold prices have surged 40% even as US interest rates were climbing,” Thomas said in an update published Monday. “That is very strange. Typically, higher interest rates make gold less attractive – because gold doesn’t pay any interest, unlike bonds.” Continue reading
Silver prices have managed to hold critical support above $30 an ounce and are currently trading above $31. However, one market analyst notes that the precious metal continues to underperform gold – at least for now. Continue reading
US Will Send Ukraine $725 Million More in Counter-Drone Systems, Anti-Personnel Land Mines
The U.S. is preparing to send Ukraine an additional $725 million in military assistance, including counter-drone systems and munitions for its High Mobility Artillery Rocket System, which could indicate more of the longer-range missiles are headed to the battlefield.
Why isn’t that money going to the American people? What is it with Biden wanting to send his damn people all this money. We have people sleeping on the streets or veterans are American citizens and he doesn’t give a rat’s ass about it. January 20th cannot get here fast enough for me. This man needs to go… (Continue to full article)
US National Debt Goes Over $36 Trillion, +$2 Trillion in 2024!!
Today, the US national debt jumped by another $61 billion and thereby made it over the $36-trillion mark, to $36.03 trillion, only four months after it had made it over the $35-trillion mark (July 26), and 11 months after it had made if over the $34-trillion mark (December 29), according to data from the Treasury Department today. Trillions are flying by so fast they’re hard to see.
So far this year, the national debt has ballooned by $2 trillion, despite GDP growth that has been well above the 15-year average. That’s the astounding thing, that the government has been racking up these huge debts despite the strongly growing economy. No one wants to even imagine how this debt would balloon if there’s ever a recession with falling tax receipts and surging outlays. It’s just nuts to have this during the good times (flat spots = Congressional debt-ceiling charades)
Of that $36.03 trillion in Treasury securities, $28.69 trillion are “held by the public” in accounts in the US and around the world, in brokerage accounts, by banks, by insurance companies, at financial centers, by central banks, by the Fed, etc…. (Continue to full article)
How to Cut $2 Trillion of Fat from the Federal Budget
A goal of $2 trillion of budget savings is crucial to the very future of Constitutional democracy and capitalist prosperity in America. In fact, the soaring public debt is now so out of control that the Federal budget threatens to become a self-fueling financial doomsday machine. So more power to the DOGE of Musk and Ramaswamy. In spades!
For want of doubt, just recall this sequence. When Ronald Reagan was elected in 1980 on a call to bring the nation’s inflationary budget under control, the public debt was $1 trillion.
By the time Donald Trump was elected the first time it had erupted to $20 trillion, which has now become $36 trillion. And under current built-in spending and tax policies it will hit $60 trillion by the end of the current 10-year budget window… (Continue to full article)
We Really Are Living In The End Times, And 2025 Is Going To Be A Nightmare
Many people seem to have a fundamental misunderstanding regarding where we are in the grand scheme of things. We are not living at a time of endless peace and prosperity. Instead, we are living at a time of war, famine, pestilence and major natural disasters. We really are living in the end times, and the coming year is going to be filled with crisis after crisis.
The good news is that you get to be here for it. All of human history has been building up to this particular chapter, and you are one of the lucky ones that is going to get to experience it… (Continue to full article)
Every 2-3 Months, DHS Sends $600M in U.S. Taxpayer Cash to NGO Funding Illegal Migrant Invasion of America
More than half a billion dollars in U.S. taxpayer cash is shipped off to America’s illegal migrants every two-to-three months via a convoluted scheme involving non-governmental organizations (NGOs), the corrupt Joe Biden regime, and other powerful deep state players.
In fiscal year 2023, more than $780 million was awarded to organizations and municipalities to help manage the influx of migrants. This includes previous allocations such as $259.13 million distributed earlier in the year. Therefore, when considering the frequency and total amounts, it is plausible that funding could approach or exceed $600 million within a short timeframe if multiple grants are considered.
Did you know that the U.S. and the UN are together funding the illegal migrant invasion of America using cash in envelopes?… (Continue to full article)
Originally published on the Federal Observer, April 21, 2009. Maybe it’s coming ’round again. ~ J.B.
You spend your entire adult life living life the right way. You buy a car on ‘time’, you pay your debt. You get retail store credit cards, such as JC Penney, Sears, Best Buy, etc. You pay your bills on time or before they are due.
You purchase your first home in 1972, another in the Spring of ’76, sell it and buy another in the Fall of the same year. In ’79 your daughter is born, you pay the bill to the hospital because you have no insurance and you buy another house, and then another in ’80 and ’85, move to the Valley of the Scum in 1990 and buy another house, and another in 2003, sell it in 21 months and make a killing, and buy another in 2005. Continue reading
November 9, 2009 ~ Brokers and traders will show you, “turn your gold into wealth”, “put it to productive use, 
Trade It”! “Sell your gold and buy it again, many times”. “Do this and find the value lost from your youth”!
But I say, spend your time in the company of truly wealthy ones, see how they make gold lie very still! Know this now, the world will again, in your time, feel value in gold as never before. And that value will be as the “productive use of holding wealth thru the fire of change”. “Yes, you can also walk in the footsteps of giants”. Continue reading
Make Money Free Again
Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a quarter percent cut in interest rates. Following this announcement, Fed Chairman Jerome Powell held a press conference where he said that he would not comply with any presidential request that he step down before his term ends in May of 2026.
Powell claimed that the president lacks the legal authority to fire the Fed chairman. So, if President Trump tells Chairman Powell “you’re fired,” Powell could bring suit asking a court to review Trump’s action.
President Trump and Chairman Powell are at odds over President Trump’s desire to require the Federal Reserve to consult with the president before changing interest rates or taking other significant actions… (Continue to full article)
Totalitarianism Begins With A Denial of Economics
The competent economist – when presented with a proposed plan of action – always asks: Is the means adopted suitable for the attainment of the end in view? He critically analyzes the means in question and declares their fitness or unfitness on the basis of logical demonstrations that are unassailable and apodictly true. This peculiar task of the economist is often misapprehended as an expression of his value judgments and an attempt to frustrate the attainment of ends chosen. Thus, the economist is often met with disapproval.
More significant in the history of the science are the several attempts to discredit the economists through a denial of economics as a universally-valid science, applicable for all peoples, times, and places. This is a pernicious attempt because the social, political, and economic consequences tend to be disastrously far-reaching. This article attempts to establish a connection between a denial of economics and the emergence of totalitarianism… (Continue to full article)
We’re Already on Track for a $2 Trillion Deficit this Year
The Treasury Department posted its latest revenue and spending totals this week, and deficits continue to mount at impressive speed.
During October – the first month of the 2025 fiscal year – the federal deficit was more than a quarter of a trillion dollars, coming in at $257.4 billion. Tax revenue in October had totaled $326 billion, but spending totaled $584 billion.
Now one month into the new fiscal year, the federal government is on pace to add more than $2 trillion dollars to the national debt during the 2025 fiscal year. If the economy significantly worsens in coming months – and tax revenues plummet as they do during times of economic trouble – the deficit will be much larger than $2 trillion stock indices, we believe gold has more room to run over the next six to 12 months… (Continue to full article)
Gold surges on Goldman Sachs’ bullish $3,000 forecast amid global uncertainties
Gold prices demonstrated remarkable strength in New York trading, surging $47.40 to reach $2,615.20 for December futures, marking a 1.85% daily gain. While dollar weakness contributed to the precious metal’s ascent, with the dollar index falling 0.51% to 106.257, market analysis reveals that robust bullish sentiment drove approximately 1.36% of the day’s gains independently of currency movements.
This significant upward movement appears to have halted a six-day losing streak and potentially marks the end of a substantial price correction that began on October 31, when gold futures peaked above $2,800 per ounce. The correction had seen prices decline by roughly $261, reaching an intraday low of $2,541.50 last Thursday.
J.P. Morgan Global Commodity Research provides context to the recent market dynamics, noting that gold futures experienced a 7% reduction in open interest last week, largely attributed to substantial outflows of $6.8 billion from gold ETFs… (Continue to full article)
How Much Emergency Cash Should You Keep at Home?
It is the final backup plan for a lot of us in the case of a disaster. A generous supply of cold hard cash to buy our way out of trouble, pick up as many last-minute supplies as possible or to acquire resources that are unavailable to anyone with a credit card in a world where the electricity is out and the internet is down. We frequently talk about having cash for emergencies, but how much cash should you have if the grid goes down?
What will you be able to purchase with your doomsday supply and how long would it last in the first place?
One of our readers made a recommendation the other day to have between $500 and $1000 in cash for your bug out bag and at the time it prompted me to consider again if this amount makes sense. In my personal preparedness plans I have a supply of cash but I am always trying to figure out if what I have is enough or too much… (Continue to full article)
Consumers Are Drowning In Debt As Hordes Of Businesses Fail All Over The U.S.
Prepare your family now Photo by Richelleg/canva
U.S. consumers have piled up the largest mountain of household debt in the history of the world. If the federal government was not almost 36 trillion dollars in debt, the fact that U.S. households are nearly 18 trillion dollars in debt would be making a lot more headlines. Sadly, our entire society is absolutely saturated with debt at this point. Government debt on all levels is spiraling out of control, corporate debt has ballooned to absurd levels, and consumers have been gorging on debt as if there will never be any consequences. Unfortunately, a time of reckoning has arrived, and it is going to be incredibly painful.
Last Wednesday, we learned that total credit card debt has surged to a brand new record high of 1.17 trillion dollars…
Needless to say, incomes have not increased by 8.1 percent over the past year. So our credit card balances are growing faster than our paychecks are, and that is a problem… (Continue to full article)
Over 800 IRS Employees Owe Millions in Back Taxes After Audits Pushed by Ernst
…and the IRS employees DID!
Over 800 Internal Revenue Service employees still owe millions in back taxes despite heavy criticism from Sen. Joni Ernst (R-IA), who is hoping the level of tax waste will be squashed by billionaire Elon Musk , the newly tapped co-leader of the Department of Government Efficiency .
In a letter to the Iowa senator sent on Nov. 8 and shared exclusively with the Washington Examiner, the IRS noted that of the 2,044 employees who reported having balances totaling more than $12 million, 860 employees still have not paid overdue taxes. Only 20 of the 70 employees who “willfully evaded” paying their taxes were removed.
“We haven’t seen a tax revolt like this since the Boston Tea Party,” Ernst said in a statement. “If hardworking Americans dodge taxes, they are faced with steep fines and imprisonment, but it appears that tax collectors in Washington believe those rules are for thee but not for me.”… (Continue to full article)
The Silent Economic Underclass and a Conservative Call for Reform
In the quiet corners of America, far from the clamor of partisan battles and the dazzle of technological innovation, lies an issue that demands our immediate attention. It’s not the latest in digital warfare or the next big tech breakthrough, but rather the plight of an often overlooked segment of our population – the silent economic underclass. This op-ed seeks not just to illuminate this issue but to propose a conservative yet balanced approach to address what might be one of the most pressing challenges of our time.
The economic underclass in the United States isn’t defined by flashy statistics or viral hashtags; they are the working poor, the underemployed, and those trapped in cycles of poverty that seem almost designed to perpetuate themselves. These are individuals whose daily struggles are not chronicled on social media, but are lived out in the grind of low-wage jobs, and in neighborhoods where opportunity is not a given but a rare commodity… (Continue to full article)
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.
Playing with Fire provides a look at how the Fed uses its expanding power to damage our economy, increase inequality, and to impoverish ordinary Americans. The film also looks at how much the Fed has expanded its own power since the Financial Crisis of 2008.
Featuring interviews with Ron Paul, Tom DiLorenzo, Joseph Salerno, Mark Thornton, Jim Grant, Alex Pollock, and Jonathan Newman, Playing with Fire explains what the Fed is, where it came from, and why it is so dangerous. Perhaps most importantly of all, Playing with Fire shows why we need to end the Fed altogether.
Written and Published by The Mises Institute ~ October 3, 2024
One of the main reasons why Americans are in such a foul mood right now is because the economy is in really bad shape and it just keeps getting worse. This is very good news for the Trump campaign, because most Americans don’t want things to remain the same.
A desire for change is in the air, but our economy is unraveling so rapidly that it won’t be easy for anyone to turn things around. We have built up a tremendous amount of momentum in the wrong direction, and it appears that the months ahead are not going to be pleasant. Continue reading
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. ~ David Stockman
Blow it Outcher…
Let’s take a closer look at the job Congressman Carter Glass assigned to the government’s new central bank, the Federal Reserve System, created by the Federal Reserve Act of 1913.
The first thing to notice is it’s a creature of government, not the market, otherwise there would be no need to support the Fed with a legislative act, which gave it the status of a state-backed cartel.
It’s crucial to understand that the push for central banking was part of the Progressive Era feature of business partnering with government in its war against competition. Mergers on the free market had failed for various reasons, including internal conflicts among members, challenges from new entrants in the market, and new competing markets altogether, such as the new motor vehicle industry that emerged in 1893 and by 1895 saw “thirty American manufacturers producing 2,500 motor vehicles.” Continue reading
Of all government assistance payments in 2022, 56 percent went to the elderly, mostly for Medicare
Payments from the government have become the fastest-growing source of income for Americans, according to a new study.
A report by the Economic Innovation Group (EIG), a public policy research organization, titled “The Great Transfer-mation,” states that Americans have become substantially more dependent on government support, with the share of national income coming from transfer payments more than doubling over the past 50 years. Continue reading
