Goldman Sachs has increased its year-end gold forecast to $3,700 per troy ounce (toz), citing stronger-than-expected central bank demand and heightened recession risks impacting ETF inflows.
The investment bank, whose previous year-end forecast was $3,300, said it expected central bank demand to average 80 tonnes per month, up from its previous assumption of 70 tons and well above the pre-2022 baseline of 17 tons per month. Continue reading
Mississippi officials have calculated there are hundreds of millions of dollars’ worth of government waste.
According to Fox News, state auditor Shad White is set to release a compilation of findings from his office that shows a collective $400 million in wasted funds. Continue reading
February 9, 2019 ~ The economy has surpassed all normal ebbs and flows, corrections, by approximately five years, since on average in each past cycle it rose for 56 months before collapsing. We’re about four and a half years past that point and our economy is only now “cooling”. We’re just about due for another economic recession, if not a collapse that makes 2008 look small. We’re at the end of the line. ~ Justin O Smith
The U.S. spends almost a third of its revenue on interest payments alone, it doesn’t seem like it can afford to pay much more.
The national debt, ever on the rise, currently sits at around $22 trillion. Continue reading
In recent days, we have read numerous articles about a possible agreement between the US administration and its main trading partners to devalue the US dollar. It has been named “The Mar-A-Lago Accord”, a concept inspired by the Plaza Accord of 1985, which aimed to devalue the US dollar to address trade imbalances. That plan failed. Continue reading
Goin’ down???
April 14, 2013 ~ Did you know that the greatest period of economic growth in American history was during a time when there was absolutely no federal income tax? Between the end of the Civil War and 1913, there was an explosion of economic activity in the United States unlike anything ever seen before or since. Unfortunately, a federal income tax was instituted in 1913, and this year it turned 100 years old. But there was no fanfare, was there? There was no celebration because the federal income tax is universally hated. Sadly, most Americans just assume that there is no other option to an income tax. Most Americans just assume that it has always been with us and that it will always be with us. Continue reading
“My fellow Americans, this is Liberation Day. April 2, 2025, will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to Make America Wealthy Again.” ~ President Donald J. Trump
Times are still tough as we knew they would be. Trump and his people can’t turn the economy around all in one fell swoop in only a matter of a couple of months, but he’s off to a pretty darn good start, especially in regard to his energy policy and his new broad sweep tariffs in a take-no-prisoners fashion. Continue reading
December 10, 2019 ~ Money is supposed to be representative of all the goods and services that the country has produced in an entire year. Continue reading
August 18, 2015 ~ The cashless control grid may still be coming, but it is not going to replace cash anytime soon.
Though millions of people have started using digital devices to pay for goods and services, the appeal of physical cash is soaring, not fading away. Continue reading
