from Silver Bullion TV:
TRUTH LIVES on at https://sgtreport.tv/
BRICS Go Gold: Dollar Dives as Global Economy Braces for Inflation, Bank Failures, Bank Runs & QE Returns
by Jon Forrest Little, Gold Seek:
The US dollar, a currency on the brink of a financial abyss, is in a critical state. With an alarming 34 Trillion debt, unfunded liabilities approaching 200 Trillion, and no signs of ceasing perpetual wars, the situation is grave.
The outcome? MORE MONEY PRINTING.
BRICS ++ can now purchase more oil (the lifeblood of our factories, cars, power grids, hospitals, schools, and militaries) with the gold proxy than they could previously using the US dollar, which has lost its petrodollar status.
The unprecedented offloading of US treasuries results in those dollars flooding back to US shores, triggering a 2nd wave of inflation.
Yep – “Cryptocurrency literally means hidden money and if it ever becomes a currency it means we will never be able to enforce our tax laws.”
Congressman Brad Sherman: "The long-term objective of the crypto billionaire bros is to create a new currency and they’ve named it well."
"Cryptocurrency literally means hidden money and if it ever becomes a currency it means we will never be able to enforce our tax laws." pic.twitter.com/xVdX8rrkt4
— Bitcoin News (@BitcoinNewsCom) May 22, 2024
THE MONEY’S GONE! – DR VERNON COLEMAN
from Vernon Coleman:
TRUTH LIVES on at https://sgtreport.tv/
The Banking Crisis is Accelerating in Big Tech Banks: 10 Million Americans Cannot Withdraw their Funds on One FinTech App!
by Brian Shilhavy, Health Impact News:
The technology that America’s infrastructure is now hopelessly dependent upon continues to fail, as it was reported this week that one of the most popular FinTech (Financial Technology) apps, which are supposed to “reinvent” banking by getting rid of such pesky nuisances such as over-draft charges, having to wait until your paycheck clears before having access to funds, and many other wonderful Big Tech promises that have convinced swindled tens of millions of people to open accounts on these FinTech apps, has left millions of customers today without access to their funds on deposit.
The Banking Crisis is Accelerating in Big Tech Banks: 10 Million Americans Cannot Withdraw their Funds on One FinTech App!
by Brian Shilhavy, Health Impact News:
The technology that America’s infrastructure is now hopelessly dependent upon continues to fail, as it was reported this week that one of the most popular FinTech (Financial Technology) apps, which are supposed to “reinvent” banking by getting rid of such pesky nuisances such as over-draft charges, having to wait until your paycheck clears before having access to funds, and many other wonderful Big Tech promises that have convinced swindled tens of millions of people to open accounts on these FinTech apps, has left millions of customers today without access to their funds on deposit.
Why It’s Time to Stop Taxing Gold & Silver
by Jesse Colombo, BullionStar:
You’d have to be hiding under a rock to be unaware that inflation is one of the most pressing issues of our time. After a shocking 23% increase in the cost of living since 2019, all but the wealthiest of Americans are getting squeezed and seeing their living standards plummet at an alarming rate. Grinding inflation is causing once-affluent people to become merely middle class, former middle-class people to become working class, while working class people are being forced into the ranks of the working poor and even the destitute. According to the most recent Gallup Poll, inflation was America’s number one worry with 55% of people polled saying that they worried about inflation “a great deal,” while the latest Fed survey showed that two-thirds of Americans believe that inflation has made their financial situation worse.
18M Americans used or owned crypto last year: Fed survey estimates
by Jesse Coghlan, Coin Telegraph:
Just 1% of United States adults reported using crypto for payment or to send money in 2023.
The number of United States adults reporting crypto ownership or usage dropped to around 18 million last year, according to the latest annual household survey from the Federal Reserve.
In the 12 months to October last year, 7% of surveyed U.S. adults reported using crypto — down from 10% in 2022 and 12% in 2021, according to the Fed’s Survey of Household Economics and Decisionmaking (SHED) published May 21.
De-Dollarization is Picking Up Steam – Peak Prosperity
from Peak Prosperity:
TRUTH LIVES on at https://sgtreport.tv/
The pressure that has built up in the global financial system since the Fed’s historically rapid rate hiking policy is finally starting to release.
The pressure that has built up in the global financial system since the Fed’s historically rapid rate hiking policy is finally starting to release.
The only question is the timing and severity of this problem in Japan and can it be contained? Especially before US election. https://t.co/8eogK2Fh6X
— Edward Dowd (@DowdEdward) May 22, 2024
The Gold and Silver Ship Will Set Sail!
by Mike Maharrey, Gold Seek:
Over the last couple of months, gold has scaled record highs, peaking at over $2,430 an ounce before correcting and settling in the $2,300 range.
That’s a healthy gain. But you could argue that gold remains significantly underpriced given the inflation we’ve experienced that continues to rapidly devalue the dollar.
That leaves many people wondering when gold is really going to break out.
It’s impossible to predict the timing of such things, but as Metals Specialist Garth Patchen put it, “It will leave the port-of-call at some point.”
