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Keyword: goldbugs

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  • Conservative Alarmism About Deficits Resembles Lefty Warming Hysteria

    08/05/2019 10:09:49 AM PDT · by SeekAndFind · 13 replies
    RCM ^ | 08/02/2019 | John Tamny
    “This is a tipping point now. If we don’t address it in this window, in this presidential debate, we’re not going to deal with it.” Those are the words of former South Carolina governor and U.S. Congressman from South Carolina, Mark Sanford. Sanford is talking about federal debt.But if one didn’t know better, and if one weren’t familiar with the issues of importance to Sanford, it would be easy to speculate that the South Carolinian who plans to take on Donald Trump for the Republican presidential nomination was talking about global warming. The way that Sanford references a “tipping point”...
  • Trumps Fed pick Judy Shelton is a fan of the gold standard

    07/02/2019 10:04:55 PM PDT · by NRx · 56 replies
    CNBC ^ | 07-03-2019 | Thomas Franck
    In tapping Judy Shelton to become one of two Federal Reserve Board governors, President Donald Trump selected one of the minority of mainstream economists supportive of a return to the gold standard and critical of central bank activity. Shelton, who serves as the U.S. executive director at the European Bank for Reconstruction and Development, wrote as recently as last year in support of pegging the dollar to gold prices. Trump announced his intention to nominate both Shelton and St. Louis Fed economist Christopher Waller via tweet on Tuesday. Sheltons unorthodox monetary beliefs will likely draw questions from Senate lawmakers, who...
  • Bitcoin not built to last, despite recent surge

    07/01/2019 9:28:19 AM PDT · by SeekAndFind · 47 replies
    New York Post ^ | 07/01/2019 | Jonathan Trugman
    Last week we saw bitcoin, the great hope of cryptocurrency, skyrocket to over $13,000. It was in the vicinity of $3,200 as recently as December. Why? Maybe it was Facebooks new venture into creating its own digital currency, Libra although, if that were to be successful, how it would offer any type of validation of bitcoin is beyond me, and a whole lot of smart people on Wall Street. In fact, it might spell the beginning of the end for bitcoin. There are almost no major Wall Street investors of substance with meaningful track records who have invested in...
  • 4 Takeaways From a New Report on the National Debt

    06/26/2019 11:53:25 AM PDT · by Tolerance Sucks Rocks · 41 replies
    The Daily Signal ^ | June 25, 2019 | Justin Bogie
    A new government report has given us a glimpse into our nations fiscal future, and the outlook is grim. Absent major reforms, Americas debt will only continue to balloon. The Congressional Budget Office released its updated long-term budget report on Tuesday, which projects the nations fiscal situation for the next 30 years. Despite the strong economy, the nation remains in a precarious and unsustainable budget position, just as it was last year. Debt held by the public is set to rise to nearly one and a half times the size of the economy in the coming decades. The report also...
  • Majority of bitcoin trading is a hoax, new study finds

    03/22/2019 9:59:46 AM PDT · by NRx · 29 replies
    CNBC ^ | 03-22-2019 | Kate Rooney
    New research is casting even more doubt on the legitimacy of bitcoin trading. An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges. The survey, first reported by The Wall Street Journal, echoes concerns by regulators that cryptocurrency markets are still ripe for manipulation. Bitwise, an asset manager in the process of trying to list the first-ever bitcoin exchange traded fund, said it met with the Securities and Exchange Commission on Tuesday to discuss its application. As a part of the process, it submitted analysis that could help regulators cut...
  • Siberian Gold Find Brightens Rubles Future

    02/08/2019 12:19:29 PM PST · by DUMBGRUNT · 24 replies
    WSJ ^ | 7 Feb 2019 | Thomas Grove
    This is the Holy Grail of gold mining effectively, given the quality and given the scale, The news is good for both Polyus and the Russian government. Unlike other producers that move their bullion on world markets, Polyus sells its gold exclusively to large Russian state banks, which then resell it to the countrys central bank. Once mining begins, the bank can use the mines gold to support its ruble currency or sell it for extra foreign currency in times of crisis. According to Polyus, Sukhoi Log is likely to be producing more than 1.6 million ounces of gold every...
  • Bitcoin investors are running from the crypto to invest in gold this year: ETF strategist

    01/26/2019 1:59:38 PM PST · by NRx · 14 replies
    CNBC ^ | 01-26-2019 | Keris Lahiff
    Bitcoin's hot streak is well and truly dead. The cryptocurrency has not been able to crack above $4,000 in three weeks just 12 months after trading at more than $12,000. Signs show that bitcoin investors are moving toward a more traditional commodity, says Jan Van Eck, CEO of Van Eck Associates. "I do think that Bitcoin pulled a little bit of demand away from gold last year, in 2017," Van Eck told CNBC's "ETF Edge" on Wednesday. "Interestingly, we just polled 4,000 bitcoin investors and their number one investment for 2019 is actually gold. So gold lost to bitcoin and...
  • Money Doesnt Stink-Dont blame the market for the wages of secularism.

    01/15/2019 4:38:06 PM PST · by SJackson · 20 replies
    Frontpagemagazine ^ | January 15, 2019 | Bruce Thornton
    In his biographies of the Roman emperors, Suetonius describes a conversation between Vespasian and his son Titus, who disapproved of his father taxing the urine that tanners and other industries collected from public restrooms: When Titus found fault with him for contriving a tax upon public conveniences, [Vespasian] held a piece of money from the first payment to his sons nose, asking whether its odor was offensive to him. When Titus said No, he replied, Yet it comes from urine. This sentiment has been summarized in the proverb, Money doesnt stink. Currency, in other words, is morally neutral. Its buying...
  • Checked your Bitcoin Balance Lately? Don't Bother (Vanity)

    01/14/2019 3:46:50 PM PST · by Responsibility2nd · 70 replies
    Bitcoin ^ | 01/14/2019 | R2
    December, 2017. I'm late to the game, I know. I set up an account on Coinbase.com. $100.00 to start. January, 2018. Another $100.00 transferred in to Bitcoin. Total in is $200.00 January, 2019. My Portfolio Value is $40.90.
  • A Stunner: National Debt Interest Will Soon Exceed National Defense Spending

    12/27/2018 4:20:29 PM PST · by entropy12 · 44 replies
    Hot Air ^ | December 27, 2018 | ANDREW MALCOLM
    President Trump has harshly criticized the Federal Reserve in recent weeks for inching up the standard interest rate to guard against rising inflation and threatening the four percent economic growth rate the billionaire likes to brag about. Heres another reason: The higher interest rates on your credit card balances and car loans also apply to the federal governments borrowing. RECOMMENDED
  • THE ECONOMIST 2017 front cover just released.... DOOM!!!

    11/20/2016 2:13:01 PM PST · by Enlightened1 · 37 replies
    https://ukshop.economist.com/products/the-world-in-2017?_ga=1.163472444.1228670650.1479661058
  • The World In 2019 Economist Magazine Cover Hints At The Arrival Of The End Game

    11/06/2018 8:20:22 AM PST · by bitt · 27 replies
    thedailycoin.com ^ | 10/14/2018 | Stefan Stanford
    Close to the end of the year each year going back decades, The Economist magazine puts out an issue in which they take a look at the coming year and 2018 is no exception. As we had reported on ANP back on July 11th of 2017, back in 1988, The Economist put out a story in which the cover photo featured the mythical phoenix rising out of the ashes of burning dollar bills and other paper/fiat money, wearing a gold medallion with the year 2018 on it with their title, Get Ready For A World Currency. Reporting in their story...
  • Gold buying by central banks hits its highest level in almost three years

    11/01/2018 8:53:05 PM PDT · by NRx · 58 replies
    CNBC ^ | 11-01-2018 | David Reid
    Central banks around the world have upped their spending on gold to the highest level in almost three years, according to the World Gold Council (WGC). More than 148 metric tons of gold were bought by the national banks in the three months to the end of September, a rise of 22 percent on the same period last year. Using the current spot price of $1,223 per troy ounce, the gold purchases by the banks added up to a $5.82 billion spending splurge on the precious metal. Russias central bank led the buying, purchasing more than 92 tons of gold....
  • Saudi billionaire Alwaleed warns over impact of falling oil price

    10/14/2014 10:54:23 PM PDT · by Enterprise · 41 replies
    ft.com ^ | October 14, 2014 | Simeon Kerr
    In an open letter to Saudi ministers posted via Twitter, Prince Alwaleed bin Talal al-Saud expressed his astonishment at comments made by Ali al-Naimi, the oil minister, who reportedly played down the impact of oil prices falling below $100 a barrel. Prices have since fallen below $88 a barrel, or a quarter since June. Prince Alwaleed, noting the kingdoms 2014 budget was 90 per cent dependent on oil revenues, said belittling the impact of lower prices was a catastrophe that cannot go unmentioned.
  • Russias economy is tanking. But will it make Putin change course?

    10/13/2014 2:09:40 AM PDT · by elhombrelibre · 21 replies
    Washington Post ^ | 13 Oct 14 | Unknown
    MOSCOW Deep into the worst conflict between Russia and the West since the Cold War, investors are fleeing, food prices are soaring and there are rumbles from Russias Westernized business elite that the nation needs to avoid repeating the economic mismanagement that broke apart the Soviet Union. Western sanctions have choked off financing to some of Russias economic juggernauts and denied crucial technology to the nations energy sector. But there is little evidence that the mounting economic pressures since the March annexation of Ukraines Crimean Peninsula will soften Putins policies toward Ukraine and other nations in the former Soviet...
  • god hates mini-hitlers: tanking oil price a catastrophe for the putin regime

    10/15/2014 7:03:07 AM PDT · by Reaganite Republican · 28 replies
    Reaganite Republican ^ | 15 October 2014 | Reaganite Republican
    With oil barely holding on to the $80s, the Kremlin's current leadership faces the same problem they did in the (19)80s: budget revenue half-derived from oil exports, and their backwards, inefficient economy still doesn't produce anything that anybody outside of Mother Russia is willing to spend money on- except perhaps mediocre vodka... And when the self-deluded Russians start babbling about 'greatness' while bullying poor, semi-defenseless countries on the borders of their shabby empire, they tend to get a little caught-up in things... and put the pedal-to-the-medal until they are defeated -i.e. Afghanistan- or simply go-broke, i.e. 1991. Yes, compared...
  • China, Russia Sign CNY150 Billion Local-Currency Swap As Plunging Oil Prices Sting Putin

    10/13/2014 6:08:02 AM PDT · by Enlightened1 · 6 replies
    Zero Hedge ^ | 10/13/14 | Tyler Durden
    While it is beyond a doubt that the primary catalyst for Europe's triple-dip recession has been the nearly two quarters and counting of escalating Russian sanctions that were supposed to solely harm Putin (because who could have possibly foreseen that plunging German exports to Russia would have a far greater impact on the export-driven German economy), the truth is that the Kremlin itself is starting to hurt, if not so much as a result of the European trade embargo but mostly due to crashing oil prices, which have been driven lower almost exclusively by Saudi Arabia as part of its...
  • Oil price drop threatens to hit Russia, Iran harder than sanctions

    10/14/2014 11:30:02 PM PDT · by Berlin_Freeper · 17 replies
    latimes.com ^ | October 13, 2014 | Paul Richter
    A drop in global oil prices, driven in part by a boom in U.S. shale oil production, is threatening to hit the economies of energy-exporting Russia and Iran harder than Western economic sanctions have done.
  • Recession in Russia, revolt in Venezuela? The knock-on effects of tumbling oil prices

    10/16/2014 4:04:48 PM PDT · by Lorianne · 14 replies
    Guardian UK ^ | 15 October 2017 | Alberto Nardelli, bunch of other people
    The sudden slump in oil prices, which have fallen 15% in the past three months, has sent tremors through the capitals of the worlds great oil powers, many of whom could face testing budget crunches if the tendency persists. Higher output coupled with weaker demand from China and Europe has driven the price of crude down to $85 its lowest for four years. The US also now produces 65% more oil than it did five years ago following the boom in shale production. The rise has contributed to the global glut of crude and allowed the US to import...
  • These 6 Countries Will Be Screwed If Oil Prices Keep Falling

    10/19/2014 6:48:32 PM PDT · by SeekAndFind · 56 replies
    Business Insider ^ | 10/19/2014 | Tomas Hirst
    The collapse in oil prices is already a major cause of concern for countries heavily reliant on exports of the commodity. For some, it could be a matter of avoiding a severe recession. Here's why: For governments in oil-exporting countries to meet their spending commitments they need oil to remain above a certain price. With oil prices under $87 a barrel, countries that rely on high oil prices, including Venezuela, Russia, and Saudi Arabia, may have a reason to be concerned. This chart shows the price per barrel that the six most exposed countries need to meet their national budgets....