April 22, 2023

U.S. Debt: Visualizing the $31.4 Trillion Owed in 2023

By Julie R. Peasley Can you picture what $31.4 trillion looks like? The […]
April 20, 2023

China’s GDP Growth Picks Up Pace Again

By Martin Armstrong China’s economy appears to have shaken off the effects of the […]
April 18, 2023

Ascent of central bank digital currencies bodes well for gold – Richard Mills

2023.04.18 The days of paying for something with cold, hard cash may be […]
April 18, 2023

央行数字货币的崛起对黄金来说是个好兆头

用现金支付的时代即将结束了。疫情加速了我们向无现金经济的过渡,如今消费者更喜欢手机银行或数字钱包的便利性。 皮尤研究中心的一项新调查显示,如今,大约 41% 的美国人表示他们在一周内的购物都不是用现金支付的,高于 2018 年的 29% 和 2015 年的 24%。 据加拿大领先的信用卡和借记卡处理公司 Moneris […]
April 14, 2023

Exclusive: Fed can ‘hit the mark and hold’ with one more rate hike, Bostic says

By Howard Schneider One more quarter-percentage-point interest rate hike can allow the Federal Reserve […]
April 13, 2023

It’s all hotting up

By Alasdair Macleod Increasing numbers of national governments are abandoning the US sphere […]
April 13, 2023

A BRICS Threat to the Dollar?

By Jim O’Neill The fact that a US-excluding group of emerging powers has […]
April 10, 2023

Role Reversal: The Collapse of the Dollar-Enforced Empire

By Patrick Barron The American empire is not enforced by walls with armed […]
April 7, 2023

Status of US Dollar as Global Reserve Currency

By Wolf Richter The share of the US-dollar as global reserve currency dropped […]
April 6, 2023

The Countries Bailed Out by China

By Katharina Buchholz Bailout amounts provided by China remained quite low in the 2000s […]
April 5, 2023

Why the Fed must pivot – Richard Mills

2023.04.05 According to the Institute of International Finance (IIF), the value of global […]
April 5, 2023

Why the Panic Is Just Beginning

By James Rickards The combination of a recession and an existential financial crisis is extremely rare. […]
April 5, 2023

The Dollar Is In Trouble! Here Are 7 Signs That Global De-Dollarization Has Just Shifted Into Overdrive

By Michael Snyder For decades, the U.S. dollar was the undisputed king of […]
April 3, 2023

Deflating the credit bubble

By Alasdair Macleod How likely is it that the downturn in broad money […]
March 31, 2023

Ex-Goldman chief economist calls on BRICS to challenge USD’s dominance as China leads de-dollarization trend

By Anna Golubova Former Goldman Sachs chief economist Jim O’Neill is calling on […]
March 31, 2023

The Coming Doom Loop

By Nouriel Roubini In the face of high and persistent inflation, recession risks, […]
March 28, 2023

Fed Projections: The Ceiling Is in Sight

By Felix Richter If there has been one consistent theme in Jerome Powell’s […]
March 28, 2023

De-Dollarization: More Countries Seek Alternatives to the U.S. Dollar

By Bruno Venditti The U.S. dollar has dominated global trade and capital flows […]
March 27, 2023

美元下跌的5个原因

鉴于美元作为世界主要储备货币的作用,美元在全球经济中的重要性不容低估。据估计,多达 90% 的国际贸易涉及美元。 与大宗商品一样,其价值遵循供求规律,随着交易的全天候进行而上升或下降。 十多年来,由于经济和政治因素的汇合一再推高对货币的需求,美元的总体方向有所上升。根据加拿大皇家银行财富管理公司的数据,2022 年底,美元的交易价格甚至比购买力平价衡量的公允价值水平高出 25%。 在 9 月下旬,美元指数触及了 20 年来的最高点,这是真正的长期牛市的标志。 与其它宏观经济指数一样,美元也在周期性波动,因为它反映了美国经济的健康状况。进入 […]
March 27, 2023

5 Reasons the US Dollar Will Head Lower – Richard Mills

2023.03.27 Given its role as the world’s primary reserve currency, the importance of […]
March 27, 2023

Everyone Is Just Pretending Nothing’s Wrong

By Quoth the Raven The fact is that I just don’t care about […]
March 26, 2023
Why are central banks buying gold and dumping dollars?

US bank trouble heralds end of dollar reserve system

By DAVID P. GOLDMAN The US banking system is broken. That doesn’t portend more […]
March 23, 2023

The Most Splendid Housing Bubbles in Canada: March Update on the Housing Bust

By Wolf Richter This is the beginning of spring selling season. So let’s […]
March 23, 2023

Interest Payments On Treasury Debt Up 29% y/y

By macromon Interest payments on the national debt during the current fiscal year (October […]
March 8, 2023

The link between commodities and inflation – Richard Mills

2023.03.08 Has anybody noticed there is something strange going on in commodities? Whether […]
March 4, 2023

Automakers rush in where miners fear to tread

By Andy Home The race for electric vehicle (EV) battery metals is heating […]
March 2, 2023

Interest rates: The silent killer

By Alasdair Macleod Central banks were happy to suppress interest rates, even into […]
February 24, 2023

Has mining lost its luster? Why talent is moving elsewhere and how to bring them back

By Timur Abenov This article explores our latest research into the talent imperative […]
February 24, 2023

The worsening plight of the global consumer – Richard Mills

2023.02.23 Consumer spending makes up 70% of global GDP. It’s no wonder, therefore, […]
February 23, 2023

The Future Value of Disruptive Materials

By Aran Ali A select number of materials have a critical role to […]
February 22, 2023

Energy traders, flush with cash, are moving into crops and metals

By Archie Hunter After making more money than ever in the last few […]
February 21, 2023

The world’s $13trn interest bill

By The Economist After a calm 2010s, in which interest rates hardly budged, inflation is putting […]
February 21, 2023

Peter Schiff: The Fed Brought a Knife to an Inflation Gun Fight

By SchiffGold Despite the hotter-than-expected CPI report, the mainstream still seems convinced that the […]
February 16, 2023

Which Countries Have the Lowest Inflation?

By Dorothy Neufeld Investors are bracing for longer inflation. The Federal Reserve indicated […]
February 16, 2023

The Bond Market Is Having A Historic Panic Attack

By Quoth the Raven Never before has it been more evident why the […]
February 11, 2023

Rates Could Go To 6% And Stay There For “Years”

By Quoth the Raven 2023.03.11 It would be a situation where we are […]
February 10, 2023

No Matter How You Turn It, The Global System is Already Doomed: Got Gold?

By Matthew Piepenburg 2023.03.10 Below we look at the interplay of embarrassing debt, dying […]
February 7, 2023

Central Bank Digital Currencies Could Bring Hyperinflation

By Daniel Lacalle 2023.02.07 The monster inflation we’ve endured these past years first […]
February 2, 2023

The fossil-fuel elephant in the electrification room – Richard Mills

2023.02.02 The transition from fossil fuels to electrified transportation and renewable energy is […]
February 1, 2023

Bank of Canada: “We’re Pausing to Assess Whether We’ve Done Enough,” Hikes by 1/4% to 4.5%, QT Continues

By Wolf Richter 2023.02.01 The Bank of Canada hiked its policy rates by […]
February 1, 2023

We’re On Thin Ice Into Today’s Fed Decision

By Quoth the Raven 2023.02.01 It’s not the time to celebrate the S&P’s […]
January 31, 2023

Peter Schiff: The Federal Reserve Is Nowhere Near Victory

 BY SCHIFFGOLD 2023.01.31 The mainstream is optimistic about both the economy and the Fed’s […]
January 30, 2023

Visualizing U.S. Consumption of Fuel and Materials per Capita

By Bruno Venditti 2023.01.30 Wealthy countries consume massive amounts of natural resources per […]
January 28, 2023

Green energy investment matches fossil fuels for the first time – Richard Mills

2023.01.28 The shift to a world powered by renewable energy and run on […]
January 28, 2023

As West, Debt & Stocks Implode, East Gold & Oil Will Explode

By Egon von Greyerz 2023.01.28 “The risk of over-tightening by the European Central Bank […]
January 27, 2023

How Not to Fight Inflation

By Joseph E. Stiglitz 2023.01.27 NEW YORK – Despite favorable indices, it is […]
January 26, 2023

A “Debt Doom Loop” Is Now Fully Engaged

By Quoth the Raven 2023.01.26 Friend of Fringe Finance Lawrence Lepard released his most recent […]
January 23, 2023

Big business is in for a rough earnings season

By The Economist 2023.01.23 Winter has come—and it isn’t pretty Chief executives of the […]
January 22, 2023

The 13 Food Shortages To Expect In 2023

By Brian Boone 2023.01.22 So far, in the 2020s, farmers, food processors, suppliers, […]
January 21, 2023

Global South: Gold-backed currencies to replace the US dollar

By Pepe Escobar 2023.01.21 When Bretton Woods was created the US possessed most of […]
January 20, 2023

Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies

By Charles Hugh Smith 2023.01.20 1. The yuan remains pegged to the US […]
January 18, 2023

Mega miners are hunting for deals after decade on the sidelines

By Thomas Biesheuvel, Dinesh Nair and Jack Farchy, with assistance from Archie Hunter, Annie […]
January 17, 2023

The Top 10 Best and Worst-Performing Commodities of 2022

By Govind Bhutada 2023.01.17 Hard commodities had a roller coaster year in 2022. […]
January 14, 2023

Fed 101 Cure inflation by destroying demand – Richard Mills

2023.01.14 US inflation cooled in December, putting the US Federal Reserve on track […]
January 7, 2023

Richard Mills – The coming cashless society and gold. Interview with Chris Sheridan of Financial Sense

January 6, 2023

Rise of the gold-backed e-yuan – Richard Mills

2023.01.06 The leading gold holders are some of the world’s most powerful nations, […]
January 4, 2023

Bullish outlook for metals in 2023 – Richard Mills

2023.01.04 Gold has started the new year off right, powering to nearly $1,850 […]
January 1, 2023

Water — the next US-Canada trade irritant – Richard Mills

What gets me, though, is how bad Canadian politicians are at negotiating. Here we finally have a resource that should give us significant leverage in dealing with our largest trading partner, ie., critical metals. In return for offering our minerals and our mining expertise, what are we asking for in return? I’ve yet to discover anything in print.
December 31, 2022

The 50th anniversary of Nixon’s colossal error Repost – Richard Mills

It seems fitting that the year we are expecting to see an unprecedented rise in US government spending and money-printing to spur an economic recovery, marks the 50th anniversary of the end of the gold standard.

Done at the time to fight an economic crisis, we are still feeling the effects of this disastrous decision, five decades on.

In this article, we explain why President Nixon did what he did, and why every promise that unshackling the US government from the requirement of maintaining the dollar's value in terms of gold would mean for the United States, has been broken.
December 23, 2022

The coming cashless society and gold – Richard Mills

2022.12.23 People concerned about having their movements and finances tracked have something new […]
December 16, 2022

Canada in, China out: Ottawa looks to localize critical minerals supply – Richard Mills

2022.12.16 For decades, China has dominated critical minerals, with Canada and the US, […]
December 12, 2022

‘Deadpool’ on Lake Powell could arrive as soon as July – Richard Mills

2021.12.12 Dried-up rivers and alarmingly low reservoir levels are manifestations of climate change. […]
December 9, 2022

Why the upcoming copper supply deficit can’t be easily fixed – Richard Mills

2022.12.09 Some of the largest copper mines are seeing their reserves dwindle; they […]
December 8, 2022

Inflation is the fourth horseman – Richard Mills

2022.12.08 Over the past year, relentlessly rising interest rates (because of the global […]
December 7, 2022

Why real assets are better at protecting wealth than financial assets – Richard Mills

2022.12.07 The economist who predicted the financial crisis sees a “long and ugly” […]
December 4, 2022

The mother of all economic crises – Richard Mills

2022.12.04 Economist Nouriel Roubini believes the world economy is lurching toward an unprecedented […]
December 1, 2022

Why the Fed is wrong about inflation coming down – Richard Mills

2022.12.01 The US Federal Reserve continues to grapple with inflation, which at 7.7% […]
November 16, 2022

The increasing awareness of resource scarcity – Richard Mills

2022.11.16 Canada and the United States are finally getting serious about protecting their […]
November 11, 2022

Precious metals bounce is a taste of what’s to come – Richard Mills

2022.11.11 Gold and silver prices jumped on Thursday following the release of October’s […]
November 8, 2022

China’s near-complete dominance of ‘green economy’ metals – Richard Mills

2022.11.08 The “green economy” rejects dirty sources of energy and transportation, namely coal, […]
November 5, 2022

Skewed priorities: As people go hungry and freeze, spending by governments on military and debt interest soars – Richard Mills

2022.11.15 In 2021 the world’s militaries spent USD$2.1 trillion, marking the seventh straight […]
November 3, 2022

A stagflationary debt crisis looms – Richard Mills

2022.11.03 The US Federal Reserve is grappling with how to reduce inflation, which […]
October 27, 2022

Copper: the most important metal we’re running short of – Richard Mills

2022.10.27 Copper is one of the most important metals with more than 20 […]
October 24, 2022

Why Freeland’s “friend-shoring” is such a bad idea – Richard Mills

2022.10.24 Chrystia Freeland is Canada’s Deputy Prime Minister and the Minister of Finance. […]
October 19, 2022

Walking dead US dollar – Richard Mills

2022.10.19 For more than a year, the US dollar has been gaining strength […]
September 26, 2022

Diversification is the new mining buzzword – Richard Mills

2022.09.26 It appears the days of being a “one trick pony” mining company […]
September 22, 2022

Commodities are the trade for riding out the Fed-caused recession – Richard Mills

2022.09.22 At the Federal Reserve’s annual retreat in Jackson Hole, Wyoming, Chairman Jerome […]
September 17, 2022

How much longer can the dollar trade last? – Richard Mills

2022.09.17 This year has seen a correction in the gold price, commensurate with […]
September 14, 2022

Flying into a coffin corner – Richard Mills

By Richard Mills
September 6, 2022

The connection between high energy and food prices

2022.09.06 At the start of August, British homeowners saw an 80% increase in […]
September 2, 2022

Russia proposes new precious metals exchange to compete with LBMA

2022.09.02 Russia’s invasion of Ukraine may have the unforeseen consequence of weakening the […]
August 23, 2022

Buy signal flashing for undervalued commodities

2022.08.23 Inflation is at a 40-year high, making commodities, which protect investments from […]
August 19, 2022

Building more mines? the devil is in the details

2022.08.19 Years of neglecting its critical metal supplies is finally catching up with […]
August 16, 2022

The Great Stagflation 2.0 and gold

2022.08.16 In 1979, then US Federal Reserve Chair Paul Volcker faced a serious […]
August 8, 2022

Competition for US dollar intensifying

2022.08.08 The US dollar is the most important unit of account for international […]
August 6, 2022

2% inflation target blinding the Fed to economic reality

2022.08.05 The US Federal Reserve started off declaring that historically high levels of […]
July 27, 2022

Positioning for the next precious metals up-leg

2022.07.27 Gold is a commodity with limited supply, therefore it cannot be “created” […]
July 16, 2022

As infrastructure needs multiply, copper supply can’t keep up

2022.07.16 Copper is one of our most important metals with more than 20 […]
July 12, 2022

US in a competition with China for resources, global influence

2022.07.12 The South China Morning Post reported in January that China is fast-tracking 102 major […]
July 6, 2022

‘Friend-shoring’ threatens Western metal supplies

2022.07.06 In George Orwell’s book ‘1984’, the world is divided among three superpowers, […]
June 29, 2022

The disconnect between demand destruction from interest rate hikes and demand creation from infrastructure spending

2022.06.29 Last week was a bad one for mining & metals. Amid fears […]
June 23, 2022

The commodities bull market is just getting started

2022.06.23 Inflation is at a 40-year high, making commodities, which protect investments from […]
June 18, 2022

US sanctions against Russia accelerating de-dollarization

2022.06.18 The dollar is the most important unit of account for international trade, […]
June 17, 2022

Falling Dow to gold ratio

2022.06.17 We call ourselves Ahead of the Herd because we see things before […]
May 31, 2022

Why metals, energy and food prices will remain elevated

2022.05.31 With inflation in the US reaching its highest in 40 years, there […]
May 30, 2022

Food, a global crisis – How bad is it going to get?

2022.05.30 A comparison of this year’s grocery bills to last year’s yields a […]
May 19, 2022

Top reasons why Powell’s “soft landing” is impossible

2022.05.19 In economics parlance, the term “soft landing” refers to a cyclical slowdown […]
May 4, 2022

Gold as money gaining popularity, what’s in your wallet?

2022.05.04 The allure of gold goes back thousands of years.  Due to its […]
April 29, 2022

MMT, emerging markets and the scramble for resources

2022.04.29 In our last article, we discussed a proposed new economic model for […]
April 27, 2022

China will be poster child for developing countries MMT

2022.04.27 Modern Monetary Theory, or MMT, posits that rather than obsessing about how […]