The Bottom 80% Has Gotten Significantly Poorer Since The Pandemic Began, And This Is Creating A “Robin Hood Mentality” All Over America

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November 18, 2023

by Michael Snyder, The Economic Collapse Blog:

The rich have been getting richer and the poor have been getting poorer, and this is causing all sorts of societal problems. Thanks to social media, the poor can see the incredible affluence that the wealthy are enjoying, and they are deeply envious. Of course it certainly doesn’t help that flaunting wealth has become one of the favorite pastimes of the wealthy. Many of them love to post photos and videos of their luxury lifestyles on their social media accounts, and that is not a good thing. Because times have not been good for most of the country. In fact, a brand new study from the Federal Reserve has discovered that the bottom 80 percent have “lower bank deposits and other liquid assets compared to their status in March 2020”…

GoldSeek Radio Nugget — David Morgan

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November 17, 2023

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from GoldSeek Radio:

TRUTH LIVES on at https://sgtreport.tv/

An Answer Long-Overdue

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November 17, 2023

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by Ted Butler, Silver Seek:

One of the key data points in silver is the level and change in recorded bullion inventories, primarily in the COMEX warehouses and the silver ETFs. Particularly over the past few years, any number of daily commentaries have sprung up, slicing and dicing the inventory data, with special emphasis on the COMEX warehouse data, as total inventories there have fallen from roughly 400 million oz (the all-time high) at the start of 2021, to 266 million oz today, a decline of a third and supportive of a physical shortage.

Major Hedge Fund Turns to Gold

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November 17, 2023

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by Michael Maharrey, Schiff Gold:

Greenlight Capital reported a major increase in its exposure to gold as the hedge fund’s founder worries about the direction of the markets. In a Q3 letter to investors, David Einhorn expressed concern about geopolitical uncertainty, the rising price of oil, and inflation.

Greenlight famously shorted Lehman Brothers before its 2008 failure.

According to third-quarter 13-F filings with the Securities and Exchange Commission, Greenlight plunged $34.9 million into SPDR Gold Trust, the world’s largest gold-backed ETF. That increased the fund’s stake in the ETF by 89.2%, a record exposure to gold for Greenlight.

Dollar Weakness May Send Gold Surging to This Staggering Figure

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November 15, 2023

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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: Gold forecasts ahead of the election, Powell feints as U.S. economy crumbles, and Kuwait bolsters its place on the list of gold consumers.

Experts forecast a shaky dollar will send gold to $2,500 next year

For all the bearishness we’ve seen this year regarding gold in the headlines, it seems gloomy forecasts for a 12-month period are hard to come by. British research firm Capital Economics, for example, expects gold to end next year around $2,100, with rate cuts as the primary driver.

Moody’s Lowers US Credit Outlook to “Negative”

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November 14, 2023

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by Michael Maharrey, Schiff Gold:

Mainstream media pundits and politicians generally act unconcerned about the skyrocketing national debt and ever-growing budget deficits, but somebody has taken notice.

On Friday, Moody’s Investor Service lowered its outlook on US government credit from “stable” to “negative.” This could be a prelude to a downgrade in the country’s AAA credit rating. The agency typically resolves an outlook by either revising it back to stable or executing an actual downgrade within 18 to 24 months.

Sovereign Debt is Eating the World

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November 13, 2023

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by Peter St. Onge, Activist Post:

Sovereign debt is eating the world. Lining up a financial crash that could make 2008 look like a picnic.

How did we get here?

In short, governments and central banks deluded themselves into thinking that unlimited deficit spending financed by unlimited money printing won’t do what they’ve done for literally millennia — plunge the economy into stagflation.

They are, of course, wrong. And we’re seeing the catastrophe unfold before our eyes.

How Central Banks Can Use Gold Revaluation Accounts in Times of Financial Stress

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November 13, 2023

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by Jan Nieuwenhuijs, Gold Seek:

Because central banks are the root of the modern money tree, they can use entries in their gold revaluation accounts to turn into capital, pay for expenses, or transfer it to their respective Treasuries. In addition, gold revaluation accounts can be used to cancel government bonds held on central bank balance sheets to lower the public debt.

Multiple large central banks are currently operating at a loss while public debt levels are elevated. In this article we will examine how central banks’ gold revaluation accounts can offer solace in these challenging financial environments. Central banks’ accounting rules are but fictional obstacles, as these are self-imposed and can be discarded.

AND SO IT BEGINS

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November 11, 2023

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by Jim Quinn, The Burning Platform:

What fool would buy 30 Year US Treasuries when the US is adding $2 trillion per year to the national debt? The US has to issue debt to pay the $1 trillion in annual interest on the existing debt. It is like you running a $50,000 balance on your credit card and adding $10,000 to your balance in order to pay the $10,000 in annual interest on the credit card. This is unsustainable. That which is not sustainable will not be sustained. When they pull back the curtain, will you be ready?

GOLD DEMAND CONTINUES TO SOAR IN CHINA

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November 10, 2023

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from Arcadia Economics:

TRUTH LIVES on at https://sgtreport.tv/

Silver Demand in Three Key Sectors Expected to Nearly Double in the Next Decade

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November 10, 2023

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by Peter Schiff, Schiff Gold:

Silver demand for industrial applications, jewelry production and silverware fabrication is expected to nearly double over the next 10 years.

According to a report by Oxford Economics commissioned by the Silver Institute, the demand in these three sectors is forecast to increase by 42% between 2023 and 2033.

Industrial, jewelry and silverware production account for about three-quarters of total silver demand.

Once Broken Out, “We’re In For A SLINGSHOT Move In GOLD” Mike Maloney & Ronnie Stoeferle

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November 10, 2023

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from GoldSilver (w/ Mike Maloney):

TRUTH LIVES on at https://sgtreport.tv/

Banking Crisis Coming, War Coming, More CV19 Vax Death Coming

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November 10, 2023

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by Greg Hunter, USA Watchdog:

Big banks are in trouble, but you are not going to hear about it until it’s too late. Banks are losing deposits at an alarming rate. Meanwhile, they have big losses on the books because of rising interest rates. This is all causing the biggest liquidity problems since the Great Recession. In other words, the banks need money to cover losses and conduct business. Record government interest payments mean Washington does not have the money for a bailout. The problem is not going to get better anytime soon, and it is getting worse by the day. You have been warned.

New bombings are taking place in the Middle East, and we are not talking about the Israeli/Hamas war. This bombing is taking place in Syria by the U.S. Airforce. This is to punish and degrade Iran proxies who have attacked American Troops 46 times in the last few weeks. An enemy weapon storage facility was blown up, but further attacks against U.S. forces keep coming. 56 soldiers have been wounded in these attacks. Secretary Lloyd Austin says he does not want “escalation,” but that is exactly what he is getting from Iran.

EU Pushes CBDC-Linked ‘Digital Identity’ for All Citizens

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November 10, 2023

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by Frank Bergman, Slay News:

The European Union (EU) is advancing plans to introduce a new “Digital Identity” that will be directly linked to a central bank digital currency (CBDC), a top Euro official has revealed.

The plan was exposed Wednesday on social media by Dutch Member of the European Parliament Rob Roos.

Roos posted a video on Twitter/X to reveal the outcome of a closed-door meeting between top Eurocrats about the plan to roll out the system to the public.

Endgame: Interest On US Debt Skyrockets Above $1 Trillion For The First Time Ever

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November 9, 2023

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from ZeroHedge:

Back in July, when we last looked at the unprecedented horror show that is the US budget deficit – and concluded correctly, long before the Q2 Quarterly Refunding Announcement, that debt issuance was about to explode and yields would soar – we warned that the debt Rubicon was about to be crossed and “US Debt Interest Payments Are About To Hit $1 Trillion.”

Fast forward to today when the endgame has apparently arrived: according to the Treasury’s own calculations, total interest is now over $1 trillion (or $1.027 trillion to be precise).

Death of the Dollar

Critical Warning: Silver Is the Showstopper

WARNING: 2025 CBDC AGENDA! – Nearly Every Country Is Launching A CBDC! – Cashless Enslavement

US Dollar’s Share in Global Reserves Plunges to 30-Year Low

Looking Ahead: Silver & Gold in 2025

Why Robert Kiyosaki Says Buy Silver ASAP ‘Even If You Have Very Little Money’

The Bottom 80% Has Gotten Significantly Poorer Since The Pandemic Began, And This Is Creating A “Robin Hood Mentality” All Over America

GoldSeek Radio Nugget — David Morgan

An Answer Long-Overdue

Major Hedge Fund Turns to Gold

Dollar Weakness May Send Gold Surging to This Staggering Figure

Experts forecast a shaky dollar will send gold to $2,500 next year

Moody’s Lowers US Credit Outlook to “Negative”

Sovereign Debt is Eating the World

How Central Banks Can Use Gold Revaluation Accounts in Times of Financial Stress

AND SO IT BEGINS

GOLD DEMAND CONTINUES TO SOAR IN CHINA

Silver Demand in Three Key Sectors Expected to Nearly Double in the Next Decade

Once Broken Out, “We’re In For A SLINGSHOT Move In GOLD” Mike Maloney & Ronnie Stoeferle

Banking Crisis Coming, War Coming, More CV19 Vax Death Coming

EU Pushes CBDC-Linked ‘Digital Identity’ for All Citizens

Endgame: Interest On US Debt Skyrockets Above $1 Trillion For The First Time Ever