There’s been lots of talk within the Biden Administration about forgiving student loan debt. But with chaos widely reported at companies that service student loans, some debtors can’t even figure out how much they owe — much less actually pay down their balances.
The U.S. Bureau of Labor Statistics (BLS) recently released two inflation reports highlighting inflation figures for December 2023. Here’s what they showed:
In a disturbing (but unsurprising) trend, more than 1 out of 4 US consumers are throwing in the towel with defeatist “Doom Spending” sprees — despite already being saddled with crippling levels of debt. This behavior is akin to someone who, feeling overwhelmed, indulges excessively in a habit they know isn’t beneficial. In a similar vein, these Americans, perhaps feeling a sense of despair, are accumulating unprecedented levels of new debt through spending sprees that are beyond their financial means.
The first half of 2023 was a record-breaking moment for central bank gold buying, led by none other than China and Russia. Organizations like the World Gold Council reported a staggering increase compared to 2022:
In this week’s Friday Gold Wrap Podcast, JD and Joel discuss recent gold price action and market news. They also cover last Friday’s non-farm payroll numbers, the strike on Houthi rebels, and the SEC’s fumble with Bitcoin ETFs.
This March, Republican primary voters in Texas won’t just be choosing which candidates to represent their party in November – they will also be voting on a series of ballot propositions that while not legally binding offer a way for voters to guide their leaders.
Here’s why what is happening in Texas matters and what it says about the future of gold.
At the start of a new year, we’re excited to announce new co-hosts to the Friday Gold Wrap Podcast: JD and Joel Bauman. In this episode, JD and Joel discuss recent gold price action and key factors affecting gold in 2024 such as interest rates and global elections.
The US is on the brink of a debt disaster, spiraling into $33 trillion of debt. That is over 180% of GDP.
The cause?
Skyrocketing government spending matched with insufficient tax revenues, leading to ever-deepening deficits.
The US Treasury is now low on credit and out of time.
Interest payments on this colossal debt have doubled since 2020, pushing the government into a corner. The Federal Reserve’s 2023 decisions to raise rates add to the turmoil, and the US Treasury is running out of debt buyers. A recent Treasury auction turned chaotic, revealing a global decline in appetite for US debt.
Our guest contributor asks the question of the hour: Are the chickens coming home to roost for the US Treasury?
Peter Schiff left a stark warning at the end of the year: “2024 could be a horrible year for the dollar.”
Here are 3 big reasons why Peter thinks inflation might rise even higher this year.
We’ve reached the end of another year. A new year is always a good time for reflection. And maybe even some resolutions. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the trajectory of gold as we enter the new year, explains an economic truth, offers some thoughts on New Year’s resolutions, and makes a big announcement.
