A Deeply Flawed Monetary Policy Is the Root of This Inflation

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A Deeply Flawed Monetary Policy Is the Root of This Inflation May 10, 2022  by SchiffGold  0   0 We’ve been told inflation is caused by greedy corporations. We’ve been told that inflation is Putin’s fault. Other people just want to blame COVID-19. But are any of these really the root cause of inflation? Economist Dr. Antony P. Mueller … [Read more…]

Industrial Demand for Gold Continued to Rebound in Q1

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Industrial Demand for Gold Continued to Rebound in Q1 May 9, 2022  by SchiffGold  0   0 Back in 2019, CNBC commentator Jim Leventhal said he had no interest in gold because it has no uses as a metal. This comment was a real head-scratcher because, besides its extensive use in jewelry, gold is an increasingly important industrial input, … [Read more…]

Student Loans: Another Government-Created Crisis

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Student Loans: Another Government-Created Crisis May 9, 2022  by SchiffGold  0   0 There is more talk of student loan forgiveness. Supporters of these schemes argue that the whole system is inherently unfair, although they rarely talk about who would pay for student loan forgiveness. They also seem oblivious to the fact that the federal government created this problem … [Read more…]

Is There a Case for a Classical Gold Standard?

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Is There a Case for a Classical Gold Standard? May 8, 2022  by SchiffGold  0   0 With the impact of sanctions tanking the ruble, the Russian central bank announced it would buy gold from local banks at a fixed rate. The move had the desired effect. The ruble quickly recovered. But the Central Bank of Russia abandoned the … [Read more…]

The Fed Takes a Weak Swing at Inflation

Hedge Fund Pile into Short Positions During September

The Fed Takes a Weak Swing at Inflation May 5, 2022  by Michael Maharrey  0   1 The Federal Reserve came through with the second rate hike of this tightening cycle, bumping up the Fed Funds rate by 0.5%. It was the biggest interest rate boost by the Fed since 2000. But given the extent of the inflation fight, … [Read more…]

The Crossroads Is Looming! SchiffGold Friday Gold Wrap May 6, 2022

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The Crossroads Is Looming! SchiffGold Friday Gold Wrap May 6, 2022 May 6, 2022  by SchiffGold  0   0 The Fed hiked rates 0.5% this week in an effort to stem the inflation tide. But the economy already looks shaky and the central bank has barely started this inflation fight. Friday Gold Wrap host Mike Maharrey breaks down the … [Read more…]

A New Paradigm: Interest Grows Even When Total Debt Shrinks

Hedge Fund Pile into Short Positions During September

A New Paradigm: Interest Grows Even When Total Debt Shrinks May 6, 2022  by SchiffGold  0   1 The Treasury reduced the total debt by $27B in April. This is not atypical since Tax Day falls in April. In April 2016 and 2018, the debt shrunk $78B and $21B respectively. April 2017 and 2019 were both flat due to … [Read more…]

A Very Average Jobs Report

Hedge Fund Pile into Short Positions During September

A Very Average Jobs Report May 6, 2022  by SchiffGold  0   0 According to the BLS, the economy added 428k jobs in April. This exactly matched the March number after it was revised down by 3k. The unemployment rate stayed flat at 3.6%. The Labor Force Participation rate dropped from 62.4% to 62.2%. YoY, this April is up … [Read more…]

Buckle Up for a Crashing Economy and More Inflation

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Buckle Up for a Crashing Economy and More Inflation May 5, 2022  by Michael Maharrey  0   0 Jerome Powell began hinting that inflation might be a problem last August. In November, Powell retired the word “transitory.” But here we are in May and the Federal Reserve still hasn’t done anything substantive to address the inflation problem. And now … [Read more…]

Trade Deficit Explodes 22.3% MoM and 53.8% YoY

Hedge Fund Pile into Short Positions During September

Trade Deficit Explodes 22.3% MoM and 53.8% YoY May 5, 2022  by SchiffGold  0   0 The March trade deficit came in at -$110B. This obliterated the February record trade deficit of $90B. As the chart below shows, the trade deficit has set a record in each of the last 4 months. It was creeping upwards from -$80B to … [Read more…]