International Man: Wall Street Silver, a financial analyst on Twitter, highlights that during the Great Depression, the average home cost 3x the average income. Today, it costs 8x as much.In the 1930s, the average car cost about 46% of a year’s earnings. Today, they eat up 85% of the annual average wage.Rent, which previously claimed …
Doug Casey on the Silent Depression and Current Economic Realities Read More »
CHINESE GOLD BUYING IS DRIVING A PARADIGM SHIFT IN BULLION (Bloomberg) (see below first reply for more details) What determines the price of gold? For much of the past decade the answer was easy: the price of money. The lower rates fell, the higher gold climbed, and vice versa. Gold is the quintessential “anti-dollar” — …
CHINESE GOLD BUYING IS DRIVING A PARADIGM SHIFT IN BULLION Read More »
European Commission President Ursula von der Leyen warned people who refuse to accept the WEF’s new digital ID scheme will be excluded from participating in society. During an appearance at a G20 Summit session, dubbed “One Future,” Von der Leyen said the EU’s collective future will be digital, governed by globalist organizations such as the …
EU chief says the future will be digital ID, those who don’t accept will be excluded Read More »
Market equity index futures red. 2 hours to open. VIX 16+.
US dollar currency index is pressing its 2023 Highs at 105.67 right now, half in percent on the day. It’s a lot stronger — I would expect a lot pressure placed on equities. As mentioned before we could face a similar crisis as we did in 2008 where it was BOTH A RECESSION AND Financial PANIC. This does not look good for Equities …
The Federal Reserve recently unveiled updated economic projections, signaling a significant shift in its outlook. Here’s a breakdown of the key highlights from their latest statement: 1. **Stronger Economic Growth**: Earlier projections painted a bleak picture, with expectations of a mere 0.4% economic growth for this year. However, the latest forecasts reveal a more optimistic …
Federal Reserve Updates Economic Projections: A Closer Look Read More »
