Independent thinking for complex markets and current events
Central banks globally bought 337 tons of gold in Q3 2023, part of a broader trend. China, the top global gold producer, purchased 181 tons during the first nine months of 2023, contributing to a total of 800 tons acquired by central banks worldwide. This aligns with China’s strategy to reduce its reliance on the …
The 2008 financial crisis ushered in the era of central bank intervention. What began as emergency measures, meant to rescue the economy after the bursting of the housing bubble, has turned into a permanent policy. The Federal reserve slashed its interest rate to zero, and kept it there for seven straight years. In addition, it …
This case has nothing to do with Johnson & Johnson's ongoing operations. Instead, the company faces more liability in the talc lawsuits than it has in cash reserves. The company is pursuing a number of options to file for bankruptcy in order to settle those claims. pic.twitter.com/yRPListOvo — MacroSpeed Economics (@MacroSpeedEcon) October 23, 2023
Joe Biden IS DESTROYING OUR FUTURE! Despite Going Through Many Hard Times… NO President in The Last 30 Years Was Selfish Enough & Stupid Enough To Massively Deplete U.S. Oil Reserves To Boost His Poll Numbers! TRULY DESPICABLE! pic.twitter.com/O36UZV3Kpq — Matt Wallace (@MattWallace888) October 9, 2023 REMINDER: we are on the verge of war in …
“According to Reuters, the US currently has just 17 days of supply left in the Strategic Petroleum Reserves (SPR). This is roughly half the historical average of ~33 days dating back to 1990. Meanwhile, oil prices are still almost 30% above the target price the US set to refill them. Tomorrow, an OPEC meeting kicks …
https://twitter.com/NorthmanTrader/status/1705624432167805254
The rising gas prices are causing a familiar concern for Americans as they approach the $4.00 mark once again, reminiscent of the situation in August 2022. However, a key difference is that back in August 2022, the US Strategic Petroleum Reserves (SPR) had 100 million more barrels of oil in its arsenal, providing a cushion …
by confoundedinterest17 Its hard to watch Biden and The Progressive Greens destroy the enegy security of this great nation. Biden is draining the Strategic Petroleum Reserve, probably in a misguided attempt at ensuring we never go back to abundent petroleum again. Crude oil inventories are now the lowest since 1985. Authored by Simon White, Bloomberg …
By Ron Paul, for Birch Gold Group I’ve long been critical of the Federal Reserve – in fact, I wrote a book called End the Fed way back in 2009. My position on the Fed’s failings have been clear for a long, long time. Even so, the Fed’s failure to properly manage price stability has rarely been more clear than …
The Biden Administration announced intent to refill reserves almost a year ago. A target price of $67-$72 per barrel of crude oil was established. Currently, we are almost 20% above that level. A major issue. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 5, 2023
Energy Secretary Jennifer Granholm was heavily criticized Friday after a Fox News Digital report showed she spoke twice with a top Chinese government official before the White House announced plans to tap emergency oil stocks. According to internal Department of Energy (DOE) calendars obtained by Americans for Public Trust, Granholm consulted China National Energy Administration …
by confoundedinterest17 Jared Bernstein was VP Joe Biden’s former Chief Economist and is now chair of the United States Council of Economic Advisers. Pretty impressive! Except that Bernstein is not really an economist. He has a PhD in social welfare from Columbia University. In other words, Bernstein is a Progressive Marxist cheerleader, not a real …
From 06/28/2023 to yesterday is 3 weeks. Crude went from $67 a barrel to $75. https://www.investing.com/commodities/crude-oil Oil reserves getting to low? What’s Biden going to do now? Gas $5 a gallon or higher? #CrudeOil prices have broken out of a consolidation pattern, indicating potential strength and bullish momentum 🛢️📈 This suggests the possibility of further …
People assume the Federal Reserve will cuts rates well before a market crash like they've done for the past 40 years However, during the last major inflationary cycle of the 1960s & 70s the Federal Reserve was slow to act, only cutting rates when market crashes were almost over https://t.co/ZI6BH3GOSO pic.twitter.com/2MFZAb4Lgk — Financelot (@FinanceLancelot) July …
Biden is ordering Military Reserves to Europe. He also requested the removal of Ukraine Aid oversight. I’d say things are getting pretty serious. Biden is ordering Military Reserves to Europe. He also requested the removal of Ukraine Aid oversight. I'd say things are getting pretty serious. pic.twitter.com/9YjHPmVFkR — TaraBull (@TaraBull) July 13, 2023 Biden orders …
Holding gold, silver, and/or cryptocurrency would allow the state of North Carolina to shield its assets and hedge against rapidly depreciating Federal Reserve notes. As Sound Money Defence League policy director JP Cortez noted while testifying in favor of a similar bill in Wyoming, “Proposals encouraging state gold holdings have come before the legislature since …
Ukraine’s National bank says it now holds nearly $39 billion in foreign reserves, the highest level in the history of the country as an independent nation, as it continues to receive large deliveries of cash from allied nations. There was a $38.99 billion reserve held by Ukraine as of July first, the National Bank of …
🚨Breaking: Swiss National Bank issues CBDC on Switzerland's exchange🚨 "This is not an experiment. It is real money equivalent to bank reserves, testing real transactions with market participants," Chairman T. Jordan The pilot project is intended to be for a "limited time"😉😏 https://t.co/YnlzAWEzfU — Financelot (@FinanceLancelot) June 26, 2023 SNB to launch a wholesale CBDC …
https://twitter.com/NorthmanTrader/status/1672222859572150272
via businessinsider: The US should expect the dollar’s share of global reserves to slowly decline, but no alternatives exist that could completely displace the greenback, Treasury Secretary Janet Yellen said on Tuesday. Her comments came during a Housing Financial Services Committee in response questions about the risk of de-dollarization. Asked by Rep. Warren Davidson, R-Ohio, …
Hedge funds are continuing to bet against short-dated Treasuries, extending their record selling streak as wagers mount that the Federal Reserve’s tightening cycle is far from over. https://t.co/98PnJfM6c7 pic.twitter.com/fFQVUQb7Hp — Mo Hossain (@MoHossain) June 12, 2023 🚩 Deutsche Bank expects an imminent default wave, with a peak in the fourth quarter of 2024. It forecasts …
China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks. China raised its gold holdings by about 16 tons …
via SCHIFFGOLD: A large sale by Turkey in April caused global central bank reserves to fall for the first time in over a year, even as central bank gold buying continued. Official global reserves dropped by 71 tons in April, according to the latest data collected by the World Gold Council. While the overall drop …
