from ZeroHedge:
We’re being told that Bidenomics is working and that inflation is under control.
Yet, when we see articles about shoppers in America paying $7 for an apple, it’s hard to make peace with the narrative the current administration is trying to convince its populace of.
That was the case last week when a Boston-based influencer took to Tik Tok to claim that she paid $7 for an apple – and only an apple – at a Whole Foods, according to a report by the NY Post.
by Brandon Smith, Alt Market:
One of the more difficult aspects of working in economic analysis is the problem of rampant disinformation that you have to dig through in order to get to the truth of any particular issue. In this regard, economics is very similar to politics. The propaganda is endless and debunking it sometimes feels like moving a mountain with a teaspoon.
Establishment media sources lie incessantly about our financial conditions, and when they are finally cornered and forced to admit how bad things are, they then lie about the causes. That said, I find that these lies are usually designed to do one of two things: Over-complicate the problem so that people give up thinking about it, or, distract from the problem so that people blame a scapegoat.
by Jim Rickards, Daily Reckoning:
So-called artificial intelligence (AI) is taking the world by storm. Meanwhile, gold has shot up like a rocket over the past couple of months.
In mid-February, gold was trading at $1,990. Two months later, gold is trading above $2,400 — a $410 gain in just two months.
So here’s a question:
Is there a connection between AI and gold? It seems like an odd question. But as it turns out, the answer is yes. And surprisingly, there has been for decades. It involves the Cold War between the U.S. and the Soviet Union.
from Birch Gold Group:
This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Sky-high gold forecasts by top names, why the Middle East escalation proves gold’s run isn’t driven by military conflict and could a surprise interest rate hike push gold’s price down?
A recent call for $4,000 gold has been made. Which of our “usual suspects” was behind it? Frank Holmes? Alasdair MacLeod? Putin?
by Michael Snyder, The Economic Collapse Blog:
The middle class in the United States has been steadily shrinking, and the gap between the ultra-wealthy and the rest of us has grown to absurd proportions. But it wasn’t always this way. When I was growing up in the 1980s, it seemed like almost everyone was middle class. Of course there were wealthy people and poor people in the 1980s too, but the vast majority of the population was comfortably somewhere in the middle. Sadly, things have changed so much since that time. Today, most of the people that I know are struggling. According to a report that was just released, in all 50 states it now takes an income of more than $100,000 in order for a family of four to live “the American Dream”…
by Craig Hemke, Sprott Money:
About a decade ago, the organization Wikileaks unearthed and released a very interesting memo from December of 1974. Given the counter-intuitive price action of last Friday, I thought it might be instructive to review again what Wikileaks found.
First let’s review the timing of the memo. As you can see below, it’s dated December 10, 1974. Why is that important? COMEX gold futures trading began on December 31, 1974.
from Birch Gold Group:
One thing is certain in these strange times: The rate of Bidenflation just doesn’t seem to be cooling off by any stretch of the imagination.
In fact, it’s likely to outlast Biden’s entire four-year presidential term.
Keeping an eye on the latest inflation rate is important because any lost purchasing power doesn’t come back once it’s been taken from you.
So let’s take a deeper look…
According to the latest official CPI update, consumer prices are starting to heat up yet again, much like they did between June-September of last year:
from RT:
The bloc’s members should work together to strengthen their economies, Ethiopian Ambassador Cham Ugala Uriat has told RT
It is vital for BRICS to create an alternative international monetary system, the Ethiopian ambassador to Russia, Cham Ugala Uriat, has told RT in an exclusive interview.
Uriat stated the bloc’s members should collaborate to enhance their economies and create a new alternative to the International Monetary Fund (IMF).
by Jon Forrest Little, Silver Seek:
Reddit Apes started #SilverSqueeze movement but we ain’t nothing. It’s all About China and their Unified Focus. Watch TikTok fuel the Real Silver Squeeze.
by Sean Adl-Tabatabai, The Peoples Voice:
K-Pop star Park Bo Ram has been found dead after suffering a sudden heart attack just weeks after receiving an mRNA booster.
According to police, Park was with two other women at her friend’s house in Seoul on Thursday when she suffered a massive and fatal cardiac arrest.
Dailymail.co.uk reports: She was rushed to hospital, but died at 11.17pm, about an hour after she was found.
