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If the Fed is fighting inflation and has ended quantitative easing, why is its balance sheet still going up? In the week ending April 13, the balance sheet grew by $27.9 billion, hitting a new record of $8.965 trillion. This is up about $3 billion from its previous high in March.
The mainstream seemed to take the March CPI data as good news. With core CPI coming in below expectations, the narrative is that we’ve probably hit peak inflation. But the producer price data that came out yesterday tells a different story.
The federal government ran a $192.68 billion deficit in March, according to the latest Treasury statement. Somehow, this is supposed to be good news.
Global ETF gold holdings surged in March, charting the third straight month of inflows. Net inflows of gold into ETFs came in at 187.3 tons last month, as total holdings rose to 3,837 tons, just shy of the all-time record high. It was the biggest jump in ETF gold holdings since July 2020, according to […]
Prices keep rising faster than wages. The stimulus checks are long gone. Savings are being depleted. How is the average American supposed to make ends meet? The only option is to charge it. And that’s exactly what Americans are doing.
Yesterday (April 5) was the anniversary of a dark day in US economic history. On April 5, 1933, President Franklin D. Roosevelt issued EO-6102. It was the beginning of the end for the gold standard.
Despite the biggest increase in average hourly wages for production and non-supervisory workers in 40 years, these people are actually worse off. Why? Rising prices are eating up their income gains.
Russia has quietly made the case for owning gold. The head of the Russian Parliament, Pavel Zavalny, made comments recently addressing the subject of economic and financial sanctions. It’s clear that gold is playing a large role in protecting Russian wealth. That role may get bigger and it could create a paradigm shift in how […]
The Federal Reserve launched its fight against inflation earlier this month, but it wasn’t exactly shock and awe. The Fed raised interest rates by just a quarter percent. Peter Schiff called it the most anticipated and least significant rate hike ever. Meanwhile, the central bank continued to expand its balance sheet. While the Fed’s tiny […]
As the ruble collapsed under the strain of economic sanctions after Russia invaded Ukraine, the Russian people turned to gold to protect their wealth. Russians went on a gold-buying spree in the first couple of weeks after the invasion.
