The credibility of the dollar is taking some self-inflicted blows. And the world is watching.
Could this hasten the end of the greenback as the world’s reserve currency?
Now inflation is Russia’s fault. Or is it greedy businesses pushing up prices? Maybe a combination of the two.
It seems that government officials and central bankers are looking everywhere for a place to pin the blame for inflation except the one place they need to look — in the mirror.
Economic sanctions serve as a powerful foreign policy tool for the US government. But could this ultimately backfire on the US?
Over the last several years, many countries have made a concerted effort to limit dependence on the US dollar. The economic warfare waged against Russia reveals exactly why.
Greedy corporations are causing inflation by jacking up prices and enjoying record profits.
This has become an increasingly popular talking point on the political left. Elizabeth Warren has pushed this narrative hard.
And it’s patently absurd.
Global ETF gold holdings started off 2022 with a healthy increase.
Global gold ETFs recorded net inflows of 46.3 tons last month as gold investment demand returned with decades-high inflation and heightened market volatility. Total ETF gold holdings globally ended January at 3,615.6 tons, according to the latest data from the World Gold Council.
The Federal Reserve is talking about raising interest rates. But the US economy is buried under piles of debt. I’ve been asking how this is going to work for months. Apparently, the question has finally occurred to the mainstream.
A CNBC article declared, “Fed rate hikes will intensify a global debt crisis, research warns.”
President Joe Biden is running around trying to take credit for a “booming” economy. It’s the ultimate political dumb-guy argument.