As a Texas union official once told me, “Gold has always been the friend of the worker.” This makes sense because gold is money whose value cannot be manipulated by the central bank.
By trying to avoid the pain of normal corrections and crashes of financial situations that should never have built up in the first place, the Fed builds up bigger cataclysms to come...
It is impossible to say whether the President (or whomever is running his social media) is being moronic or dishonest. Both are, unfortunately, equally plausible.
Macleod says if large funds and other large interests want to manipulate the price to profit off futures, they can. Sure enough, gold drifted back below the $2000 level.
Count on the Financial Times to disparage gold and its advocates even when the newspaper is forced by price action to acknowledge that readers might have some interest in the monetary metal.
Armstrong attributes the rise of gold, the dollar, and stocks simultaneously to capital flight into the U.S. due to geopolitical conflicts and instability.
BIS refuses to explain its activities in the gold market, nor for whom the bank is acting. The BIS has almost certainly acted on behalf of central banks, as they are the BIS’ owners.
The labor market refuses to cooperate with the fantasies of stock and bond investors. Bond market destruction, defaults, and crashing banks will take us deep into this recession.
Some people think we could easily balance the U.S. budget by (insert simplistic idea here). Some problems, like the National Debt, are so big we can’t even understand them, much less solve them.
