Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at The New Economy.
Precious Metals:
First up, Jan Nieuwenhuijs, at The Gold Observer: Why the Gold Price Is Sinking
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Gold is here to stay but base metals are more attractive – PDAC Panel
Economy & Finance:
An inflation warning: Dollar’s Purchasing Power Dwindles to Another Record Low. Fed is Getting its Wishes
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Speaking of inflation, take a look at this chart released by the St. Louis branch of the Federal Reserve: M1 Money Stock. JWR’s Coimments: That is alarming. And what is even more alarming is that it does not reflect the $1.9 Trillion in new spending passed by congress last week. And stand by for another $3 Trillion in spending promised for “Green Energy Programs”. Apparently, that sort of “green” requires spending lots of green. And that will all be created out of thin air.
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At Zero Hedge: Friends Again? US, China To Hold Top-Level “Reset” Meeting In Alaska. JWR’s Comments: The Trump administration played trade policy hardball with China. The Biden (Xiden?) administration isn’t playing softball. They’re playing badminton.
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Reader H.L. flagged this: “Not Since Madoff…” – Greensill Collapse Could Ripple Through Markets In A Systemic Way.
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The Fed’s Move To Redefine The Money Supply Is An Ominous Sign
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At Wolf Street: Consumers Paid Down Credit Cards Again! By Most Ever. But Cash-Out Refis Spiked to Highest since 2005/6 Peaks. JWR’s Comment: This urge to get out of debt seems to indicate that the collective subconscious senses that an economic crisis is looming.


