Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, another look at “Shrinkflation”. (See the Inflation/Deflation Watch: section.)
Precious Metals:
Metals on the Move: Silver breakout signals next run to $50.
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Economy & Finance:
SurvivalBlog reader K.B. sent this: Why Banks Are Suddenly Closing Down Customer Accounts. JWR’s Comment: As someone who has been de-banked, I can attest that some of these account closures are politically motivated.
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Tim Pool: The US Is Printing $100k EVERY THREE SECONDS, The US Debt Crisis Is OUT OF CONTROL.
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Switzerland Considers Limiting Bank Withdrawals After $185 Billion Bailout, While the Fed Moves Toward ‘Friction Tech’ – Implications for Future Bailouts. (A hat tip to D.S.V. for the link.)
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WeWork, once valued at $47 billion, files for bankruptcy. JWR’s Comment: And just like that, they went from WeWork, to WeWoke, to WeBroke.
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Bringing home the bacon: Biden unveils $16.4 billion rail grants at Amtrak in ‘blue-state’ Northeast Corridor.
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Martin Armstrong: The Coming Great Crash?