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 world does business.
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.
The US trade deficit surged to yet another new record in August as Americans are importing more and more services to go along with all of their imported goods.
The August trade deficit came in at $73.25 billion, 4.2% higher than the July trade deficit of $70.3 billion. The August deficit set a new record edging out the previous high of $73.23 billion set in June.
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