The increased prices constitute a “hidden” tax for citizens and a means of state control of economic activity.
Category: Proposed Fiscal Policies
fiscal analysis
Russia will spend $535.5 million to replenish its reserves of precious metals – dedollarization
The question is whether a central bank – systematically indulging in unprecedented purchases of gold – can have the same strategy in other precious metals. The Russian government is considering spending 51 billion rubles ($535.5 million) over the next three years to replenish its reserves of precious metals. The figures come from figures in the …
Russia’s unknown movements in metals
Last week an article by the Russian news agency Interfax reported that the State Fund of Russia plans to acquire gold, silver, platinum, palladium and precious stones. Russia’s decision to add silver to its reserves sets it apart from most other central banks, which have focused heavily on hoarding gold while neglecting silver. Along with …
Global economic turmoil and geopolitical crisis since the Chinese recession
China is teetering on the brink of recession — excluding the Covid era, for the first time since 2008 — as new data showed industrial production shrank for a fourth straight month while new orders data was particularly weak. The above data are indications that China’s economic model, which was based on Simply put, weak …
Cutting interest rates early will cause hyperinflation
The Federal Reserve’s recent decision to cut the federal funds rate by 50 basis points to a range of 4.75% to 5%, despite inflation still above its 2% target, apparently politically targeted, has disturbing similarities to the monetary policy mistakes of the late 1970s. Then, under pressure to stimulate economic activity, the Fed eased monetary …
Should Trump restore the Gold standard, and if so, how will he go about it?
During his presidential campaign, former President Donald Trump referred extensively to the issue of the inflationary vortex in which the US economy has been involved. In addition, he highlighted the importance of maintaining the dollar as the world’s main reserve currency by pointing to the possibility of the US imposing countermeasures on countries that abandon …
USA: At 1 trillion interest on debt for the first time in history, explosive budget deficit
2024 was the year in which the huge US budget deficit was supposed to have gradually leveled off after two years of crisis. The US was supposed to end the spending spree. All this, on a theoretical level. As of August, the US deficit has exceeded that of 2023. What does the evidence say?
The Major risks to the future of the Dollar as a Global Reserve Currency
On February 24, 2022, Russia’s invasion of Ukraine shocked the world, sparking one of the biggest conflicts in Europe since World War II. At the same time, not only a geopolitical realignment of power is taking place, but also a reversal of the post-war Western-imposed monetary peace with the dollar becoming a contested currency and …
Kamala Harris’ $2.25 tril. “Money Tree”, and Economic Populism
The socialist recipe for economic failure: Price controls, higher taxes, government intervention and subsidies paid for by printing an ever-depreciating currency. These are the main pillars of “21st century socialism” and the radical leftist Peronism that destroyed Argentina. These are also the key elements of the economic plan presented by Kamala Harris and the Democratic …
FED “Monetary Coup” by Manipulating Yield Curve To Elect Harris
Black Monday, August 5th was a powerful reminder to investors that the stock markets don’t just… go up, they sometimes go down. It wasn’t the end of the world. Wall Street’s 3.0% drop on a daily basis is a big deal, but it doesn’t compare to October 1929, when the stock market fell 21% in …