The new US administration will sail into uncharted waters to address the ongoing economic decline, as President-elect Donald Trump has repeatedly pointed out – the transformation of monetary policy that followed the end of the gold standard is the core of his announced Make America Great Again strategy. The US’s “excessive monetary privilege” has enabled …
Tag: inflation
Inflationary money: foundation of uncontrolled state growth – destruction of economic & social freedoms
The rulers and the ruled in the Western world have long succumbed to a particularly demonic temptation: the replacement of commodity (or precious metal) money with unbacked, state-issued money, known as fiat money. In a sense, they have been seduced by the alluring prospect of securing the power to increase the quantity of money arbitrarily …
Trump’s Tariffs – US Economic Suicide – and the Gold Standard
On November 30, 2024, US President-elect Donald Trump threatened the BRICS nations – Brazil, Russia, India, China, South Africa, Iran, Ethiopia, Egypt and the United Arab Emirates, as well as other states in the process of joining – with 100% tariffs on their exports to the US if they dare to attempt to replace the …
The Central Bank of Russia keeps the key interest rate unchanged for 2025!
At the last meeting of the Board of the Central Bank of the Russian Federation this year, it was decided to leave the key interest rate unchanged – at the level of 21%. This came as a surprise: most analysts were confident that the regulator would continue to tighten monetary policy and increase the index …
Anger over high cost of living has brought down 70% of governments in developed countries
Donald Trump’s victory over Kamala Harris and the Democrats in the November 5 elections represents part of a broader phenomenon: Most governments in developed economies have been swept away by public anger over rising prices. And this despite the mainstream media and political elites saying that inflation has been… defeated and everything is returning to …
What will investors punish after the failure of the FED?
A paradoxical phenomenon occurred in the course of US interest rate cuts: Instead of falling, they moved higher in the medium term. The Federal Reserve cut its key interest rate by half a percentage point in September, raising expectations that other interest rates will soon begin to cut as well. By contrast, two-year and 10-year …
The Global Debt Crisis is just around the corner
The bond market and dollar index have begun to sensitize to the potential implications of another Trump victory. The ten-year yield has increased by 55 bp. after the Federal Reserve cut interest rates in mid-September. Americans who have been waiting for rate cuts are once again battling with their mortgage rates starting with the digit …
Money is credit – Currency depreciation is inflation & inflation is silent bankruptcy
The increased prices constitute a “hidden” tax for citizens and a means of state control of economic activity.
The “Talented” Persistent Inflation that won’t go away
Inflation in the US fell to 2.4% against forecasts for a slowdown to 2.3%. On the other hand, “core” inflation recovered to 3.3%, against forecasts that it would remain unchanged. At the core, services inflation rebounded from 4.3% to 4.4% and accelerated strongly from 0.1% to 0.6% month-on-month (this is the part of the core …
The price of Gold outperformed stocks in annual return (+27.1%)
Spot gold prices closed Friday 9/20 at a new record high of $2,622 an ounce in New York, extending annual gains for the precious metal to 27.1%. It beat the weak performance of the US S&P 500 index, including dividend reinvestment. Gold is on track for its best performance since 2010, even outpacing 2020’s 25.1% …