The Achilles’ Heel of Modern Banking
Your bank account balance does not represent the number of dollars stored in a vault somewhere. It represents how much money the bank owes you.
Your bank account balance does not represent the number of dollars stored in a vault somewhere. It represents how much money the bank owes you.
What You Need to Know About The Collapse of Silicon Valley Bank and Closure of Signature Bank
Gold falls slightly on dollar strength. Inflation continues to come down, but the data shows signs of an impending wage-price spiral.
The Fed is headed for an annual operating loss for the first time in 108 years. They will soon be forced to print the money to cover their expenses. A conundrum, indeed!
Central bankers shoot for “subliminal” inflation – not enough to notice on a day-to-day basis, but enough to cause dramatic changes over the long run.
Inflation appears to have peaked and markets are partying across the board. But if we examine the risks of global debt, is the optimism justified?
Gold was up 11% last month as crypto and the U.S. dollar faltered. Economic hardships on the horizon may trigger the yellow metal’s next meteoric rise.
The Fed can fix monetary policy, but cannot fix deglobalization, public debt, or fiscal spending. They can’t fix the reasons we own gold.
Gold trickles down for seven months straight, despite massive demand for coins and bars from central banks and individual investors.
Should the Fed pay attention to the IMF’s warnings about global financial risks and deteriorating market conditions? Probably, but more red-hot inflation data means their hands are tied.