The toxic effects of the Fed’s relentless interest rate repression are many, but among the worst has been the absolute savaging of bank depositors. Interest rates on 12-month CDs (under $100,000) dropped below the inflation rate in October 2009 and have been pinned there ever since. There is no other word for this than “expropriation” […]
Over 60% of silver is used in industrial applications, with the residual sub 40% used in jewelry and silver bullion. There’s certainly an argument to be made that silver is a base metal that likes to pretend that it’s still precious. One of the most important things to understand about any commodity is its supply […]
Jeff Thomas: The most direct answer is that, if they’re going to survive the situation with their skin on, they’re going to have to rethink the way they hold on to wealth. But more broadly, they’re going to need to understand that the crisis that’s headed their way is not going to look the same […]
In our formative years, we were led to believe that governments exist to serve the people, but as we matured, we (hopefully) came to realise that this is not at all the case. Governments by their very nature, are parasitic. They produce nothing and live off wealth created by the electorate. In order to advance […]
For the first time since 2011, gold traded hands above $1,800 per ounce. https://internationalman.com/articles/whats-driving-gold-higher-and-whats-next-for-the-gold-bull-market
