The Reckoning Begins….Mortgage rates are over 7%. Student loan repayments have started again. There are no more pandemic handouts. Americans’ savings are depleted, and their credit cards are tapped out…

via JAMES RICKARDS: Are gold prices and interest rates joined at the hip? Based on recent market action, it would appear the answer is: yes. A major rally in gold is now underway. Gold moved from $1,831 per ounce on …

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Chinese have a workaround for the US government’s newly imposed export rules — modified NVIDIA RTX 4090 cards serve as great AI accelerators

The US government recently imposed export rules preventing chipmakers like NVIDIA from shipping chips to China (including the GeForce RTX 4090), citing AI safety concerns. However, the US government highlighted that the move wasn’t designed to run down China’s economy, further indicating that it …

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Credit card debt in the US has hit an all-time high of $1.08 Trillion (The average interest rate on credit cards is now over 20%, also an all-time high) [Balances have increased $154 Billion year over year, the largest increase since 1999]; U.S. Household debt reaches $17.29 Trillion

Another record credit card debt Collectively, Americans now owe $1.08 trillion on their credit cards, according to a report from the Federal Reserve Bank of New York. Steadily, persistently higher prices have caused consumers to spend down their savings and increasingly turn …

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China’s house of cards is about to collapse: Government suspends youth jobless data amid record high readings, sparking backlash on social media.

#China suspends youth jobless data after record high readings. The decision announced shortly after the release of weaker-than-expected factory & retail sales data sparked rare backlash on social media amid growing frustration about employment prospects in the country.… pic.twitter.com/KSsSdOIxM7 — …

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