Month: October 2021
Venezuelans Turn to Gold Nuggets as the Local Currency Implodes
by Joseph T. Salerno via Mises The Venezuelan government recently lopped off six zeros from its hyperinflating currency, the bolivar. The highest denomination currency note of 1 million bolivars, worth less than $0.25, was replaced by a one-bolivar note. At the same time, a 100-bolivar note, worth about $25.00, was introduced as the new highest denomination of the bolivar. The currency … Read more
Median U.S. Home Price Just Passed $400,000 For First Time Ever! (Prices Could Rise Another 16% By End Of 2022)
by confoundedinterest17 In the third quarter the median home price hit $404,700, jumping nearly 13% since third quarter of 2020, when the median sales price was $358,700. Though it’s an eye-catching number, the market has been hot of late, and a lack of inventory and high demand means foretold the rise in home prices. According to a recent note … Read more
Proposed US tax changes 2022: What you need to know right now…
by Andre Bothma Higher taxes are coming to America — and if you’re a high income earner, you’ve now got a target on your back. Below, we unpack two of the proposed tax increases that could likely affect you — being individual income tax increases, and capital gains tax changes. CAVEAT: The below information is not … Read more
The Bank of England is in a pickle of its own making
by Shaun Richards This week has seen a ratcheting up of pressure on the Bank of England with the problem being that it has come from opposite directions. But let me start with what it considers to be its main priority and something that will please who had the job of presenting the morning meeting … Read more
China Rationing Diesel
by Martin Armstrong China has begun to ration fuel amid the ongoing energy crisis. As reported by the BBC, trucks in China may only fill their tanks with 100 liters (10% capacity) of diesel, with other areas reportedly only allowing 25 liters. The city of Fuyang is limiting purchases and charging drivers a surcharge of up … Read more
Gold Revaluation Coming? When Money Dies – Willem Middelkoop
Wall Street Silver, Released on 10/28/21 Willem’s Twitter: https://twitter.com/wmiddelkoop Willem’s Fund Website: https://www.cdfund.com Willem Middelkoop joins us to discuss the recent shortages in energy, food and other commodities. Willem sees the early stages of hyperinflation as a possibility. Gold revaluation is a possibility for governments to address this crisis of debt and inflation. You have to be … Read more
Gerald Celente: US GDP Slows, Stocks Hit Highs
Trends Research, Released on 10/28/21 Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered … Read more
Peter Schiff: Markets Can’t Ignore Exploding Trade Deficits Forever
YouTube/PeterSchiff, Released on 10/28/21 US dollar would tank if traders understood implications of economic data. Trade deficit continues to break records month after month. Strong economies have trade surpluses; we have a bubble economy. We’re only consuming and importing because we’re printing a currency the world still values. Massive trade deficits aren’t a problem until … Read more
Powell Once Again Proved To Be Gold’s Joy Destroyer
by Arkadiusz Sieron of Sunshine Profits Inflation worries have intensified, gold started to rally on Friday… and then Powell came, ruining the party and killing the bullish vibe. Friday (October 22, 2021) started wonderfully for the yellow metal. Gold was appreciating since early morning, and it even jumped above $1,810 around 10-11 A.M. New York Time. As the chart … Read more