The U.S. is headed for a sovereign debt and currency crisis that will make the financial crisis of 2008 look like a Sunday school picnic. It's finally time to pay the piper for 9 years of fake economic growth the #Fed purchased with QE and ZIRP. Payback's a bitch!
— Peter Schiff (@PeterSchiff) February 9, 2018
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- Unsurprisingly, the Vietnamese government has tried to bring all of that gold out of the underground economy. But as is generally the case, that’s easier said than done. http://bit.ly/2mFTYXC
- Earlier this week, the New York Fed released the latest data on US household debt, revealing it has grown to a record $13 trillion. Americans have been spending, but they’ve been putting a lot of it on plastic. http://bit.ly/2EGkudw
- #Republicans are about to run larger deficits when the economy is supposedly booming, than #Democrats ran into 2009 when we were in the Great Recession. Can you imagine the size of the Republican deficits when the economy slips back into recession?
- APMD surveyed 25 leading precious metals dealers. The average of their estimates for the price of gold at the end of 2018 came in at $1,461.33 an ounce. That would represent close to a 12% increase. http://bit.ly/2BuGFxO
- According to the Silver Institute 2018 Market Trends report, the silver market faces growing demand and shrinking supply in 2018. These supply and demand dynamics signal increasing prices in 2018. http://bit.ly/2mP2gf5
- The World Gold Council is not necessarily negative on Bitcoin, saying “cryptocurrencies may become an established part of the financial system.” But the WGC does make a strong case that cryptos will not replace gold. http://bit.ly/2ncfp1T
- When is fake news going to stop the false narrative that Obama never achieved 3% GDP growth but Trump did? 2.3% GDP growth for 2017 does not qualify as 3%. Plus a downward revision to Q4 will result in 2017 GDP growth being lower than the average recorded during Obama's 2nd term
- From CNBC. http://bit.ly/25CwpB2
- Gold’s $12 dollar selloff is now a $13 dollar rally. Maybe traders are finally figuring out that inflation is good for gold. Wait until they figure out that no matter how hot inflation gets, the Fed is powerless to put out the fire! http://bit.ly/2Cp3EKY
- Epistemological foundation for AE