Canada’s food inflation was 9.1% year-over-year in June. Despite U.S. inflation falling to its lowest annual rate in more than two years in June, food prices still rose 0.1% on the month.
Moriarty forecasts a stock market top in September followed by a general market crash in October. Moriarty expects the crash to affect gold and silver mining stocks.
We talk frequently about the way central banks and governments affect the economy. In the grander scheme of things, though, whatever the Fed does is more like throwing a hand grenade into a large building.
Merk discusses his personal investments, Fed policy, a coming recession, and protecting yourself by investing in yourself and your own earning potential.
Inflation is theft of wealth from the economy’s future. The truth of the matter is that inflation really isn’t going anywhere. Damage has been wreaked on the health of the economy.
Alasdair Macleod discusses BRICS. A Gold-backed trade settlement currency is on the BRICS Summit agenda. Forty-one countries are looking to join BRICS.
Other than saving with physical assets, precious metals, land, things of value, or perhaps a business that you understand and run yourself, you’re forced to be a speculator.
Gold is real money and the original measure of value for everything else. The U.S. dollar and all fiat currencies are substitutes for real money/gold. All governments inflate and destroy their own currencies.
Can a crash can still set up for much later this year? The answer is, "of course." Can we still get to the all-time high? And, the answer is also "of course."
