Precious Metals News
The Hill: Is the Fed Ignoring Signs of Another Financial Collapse?
Anyone who thinks that interest rate damage to the banks' bond portfolios will not add further stress to the financial system has not being paying attention to the estimated size of the banking system's bond portfolio losses as a result of falling bond values.
Fox Business: US National Debt Hits $33 Trillion for First Time in History
The national debt will nearly double in size over the next three decades. At the end of 2022, the national debt grew to about 97% of gross domestic product. That figure is expected to skyrocket to 181% at the end of 2053.
Markets Insider: Jeffrey Gundlach Warns of 'Demons on the Horizon' for Stocks, Predicts a Dollar Disaster and Recession Next Year
"I think the dollar will weaken tremendously in the next recession. That's going to be the wake-up call where we realize the United States is bankrupt, that we cannot honor our liabilities."
Barron's: Record Global Debt Could Deliver Punishing Blow to Markets This Year
Investors have yet to break even from January 2022, and are still realizing losses of roughly 8% for a 60/40 portfolio. Real losses, which take into account inflation, are much worse, with investors having roughly 15% less than they did at the beginning of 2021.
Business Insider: US Debt Risks a 'Slow-motion Collision' With the Fight Against Inflation, Goldman Sachs Says
"Ultimately this risks a slow-motion collision between inflation targeting and high debt loads, where a loose fiscal stance skews inflation risk and thus interest rates to the upside until a fiscal correction arrests the process."
Fox Business: GOP Takes on Federal Reserve in Battle Over Digital Dollar
Republicans like Emmer say a CBDC would enhance the surveillance state, which is why Communist China is among the first countries to establish one. Governments can use CBDCs to gain unfettered access to private citizens' financial data.
CNBC: Jamie Dimon Says It's a 'Huge Mistake' to Think Economy Will Boom with So Many Risks Out There
"Businesses feel pretty good because they look at their current results," Dimon said. "But those things change, and we don't know what the full effect of all this is going to be 12 or 18 months from now."
Market Watch: Why the 'Abnormally Large' U.S. Deficit is a Worry 'Big Time' for Stocks and Bonds, Says Yardeni
It's "highly unusual" for the federal deficit to be rising when the economy is growing and the unemployment rate is near record lows. By contrast, the deficit "always widens during economic recessions."
Markets Insider: The S&P 500 Could Crash Nearly 50% as a Brutal Recession Takes Hold, Veteran Technical Analyst Warns
Berg said he anticipated that a brutal recession, and potentially a banking crisis, could tank the S&P 500 by more than 20% to below its October low - and could even pull it down by 45% or more to its pandemic low of below 2,500 points.
Bloomberg News: China's Gold Binge Extends to 10th Month as Reserves Climb
The PBOC's buying spree is the longest since a 10-month run that ended in September 2019. Beijing's appetite for bullion remains persistent.
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Business Insider: US Economy Will 'Hit a Wall' By the Spring - and Inflation Could Spike Again, Warns 'Bond King' Jeffrey Gundlach
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Markets Insider: China is Pushing Ahead With De-dollarization, Hoarding Gold for a 10th Straight Month, Slashing Treasury Holdings to a 14-year Low
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Market Watch: Bankruptcies Spiked in August - the Post-COVID Rebound 'is Becoming a Reality'
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New York Post: Credit Card and Car Loan Defaults Hit 10-year High as Inflation Squeezes Families
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World Gold Council: Central Bank Gold Buying Remains Hot in July
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Bloomberg News: US Budget Deficits Are Exploding Like Never Before
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Newsmax: Creeping De-Dollarization Threat, Real
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The Wall Street Journal: Big Brother and the Digital Dollar
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Forbes: Gold Can't Be Downgraded and It's No One's Liability
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Fox News: China, Russia-led Bloc Wants to Dethrone US Dollar, Upend World Order
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Go Banking Rates: Expert Declares 'Banking Crisis is Not Over' - Where to Keep Your Cash as Value of US Dollar Diminishes
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CNBC: Fitch Warns it May Be Forced to Downgrade Dozens of Banks, Including JPMorgan Chase
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MoneyWise: Is the Dollar Being Dethroned? India Just Bought 1M Barrels of Oil from the UAE Using Rupees Instead of USD
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Fox Business: Federal Deficit Hit $1.6 Trillion in First 10 Months of 2023, More Than Double Last Year's Shortfall
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Markets Insider: The US is Facing a Debt Storm. Here's 5 Charts That Show Trouble is Brewing
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The Wall Street Journal: Why Fitch's Downgrade Matters
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CNBC: Credit Card Balances Jumped in the Second Quarter and Are Above $1 Trillion for the First Time
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Markets Insider: Investors Are 'Sleepwalking' into Market Turmoil and a Recession Early Next Year, Top Economist Steve Hanke Warns
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Bloomberg News: China's Central Bank Adds More Gold for a Ninth Straight Month
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Global Times: Central Banks Ramp up Gold Reserves in H1 Amid Global De-dollarization Wave
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Market Watch: The U.S. Debt Will Rise by More Than $5 Billion - Every Single Day for the Next Decade
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Business Insider: Americans are being pinched by rising prices and grueling debt - and the pain isn't going away soon, analyst says
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CNBC: Fitch Downgrades U.S. Long-term Rating to AA+ From AAA
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Wolf Street: US Government Debt Spikes by $1.2 Trillion Since Debt Ceiling, to $32.7 Trillion. Treasury to Add $1.5 Trillion in Debt by Year-End
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Banks warn of lending pullback, fueling recession fears
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Market Watch: 'No Chance We're Having a Soft Landing': David Rosenberg Gives Powell's Fed No Credit - and No Mercy
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3 reasons countries around the world want to break up with the dollar
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Economists still see 50% chance of a recession this year
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'Massive US Oil Caverns' Are Now Empty, Will Take 'Decades to Refill'
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Serious Global Financial Crisis Coming As Debt Levels Skyrocket, Warns Jim Rogers: 'It Will Be The Worst In My Lifetime'
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Fox News: Federal Debt Explodes By $1 Trillion in Five Weeks Since Deal Suspending Limit Became Law
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Business Insider: Countries are so Spooked by De-dollarization and the Western Sanctions Against Russia, They Are Increasingly Moving Gold Assets Back
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Bloomberg News: China's Central Bank Boosts Gold Reserves for Eighth Month
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Zero Hedge: A Surging National Debt is Bullish for Gold
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Markets Insider: Banks Will Suffer 2008-style Losses if Inflation isn't Controlled, Top Banking Expert Says
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Reuters: Investors Overly Optimistic on Speed, Cost of Taming Inflation, Says IMF
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TIME: Why the World Is on the Brink of Great Disorder
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Fox Business: National Debt Hits $32 Trillion Two Weeks After Debt Ceiling Deal
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Markets Insider: David Rosenberg Says the Tech-stock Frenzy Reminds Him of the Dot-com Bubble - and Warns the US Economy is Barreling Towards Recessio
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Fortune: Stanley Druckenmiller Warns There Are 'More Shoes to Drop' and Says Silicon Valley Bank Was 'Probably the Tip of the Iceberg'
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Bloomberg News: China's Gold Binge Extends to Seventh Month as Holdings Climb