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Fed chairman admits flooding the market with money
This past Sunday, Scott Pelley interviewed Fed Chairman Jerome Powell on 60 Minutes. Below are some excerpts. PELLEY: Fair to say you simply flooded the system with money? POWELL: Yes. We did. That’s...
View ArticleUncharted waters
Back on March 16, a report by Imperial College London forecast 2.2 million Americans would die from the coronavirus and that 81% of the U.S. population would be infected. Consequently, Trump and his...
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Bailouts forever?
The government’s reaction to the coronavirus has caused financial problems of monumental proportions. With the shutdown of businesses and massive layoffs, states and municipalities suffered huge...
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ETF gold holdings surge
SPDR Gold Shares, an ETF that owns physical bullion rather than financial derivatives, has become one of the world’s biggest hoards of gold, surpassing even the holdings of some central banks.Investors...
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The Last Gold Rush…Ever!
It has been my delight to collaborate with Charles Goyette in writing The Last Gold Rush…Ever!, subtitled Seven Reasons for the Runaway Gold Market and How You Can Profit From It.Publication is set...
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It’s time to buy the dips. . .
. . . not in stocks but in gold and silver. Actually, it’s been the right move to buy dips in the metals since 2016. But now the reasons for buying are evident. * Under the Trump administration,...
View ArticleIn case you’re wondering. . .
. . . just how much individual families will receive from the recently passed $1.9 trillion COVID stimulus bill, here is what a married couple earning $150,000 with 2 children will receiv: Six checks...
View ArticleGold and Economic Freedom by Alan Greenspan
[Written in 1966, 21 years before Greenspan introduced money printing to the Federal Reserve system. Greenspan served as Chairman of the Fed for nearly 21 years.] This article originally appeared in...
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Three charts that will make you want to add to your precious metals position
Government current expenditures Explosive growth of Fed’s balance sheet, 1980-2021 Year-over-year change in gross public debt (billions), 1980-2020 The post Three charts that will make you want to add...
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America’s debt ceiling: What happens if Congress fails to raise it?
In October, the US government will be unable to pay it bills if Congress does not raise the debt ceiling. The debt ceiling is the legal cap that Congress sets on the amount that the Treasury can...
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