from Silver Report Uncut:
TRUTH LIVES on at https://sgtreport.tv/
by Harvey Organ, Harvey Organ Blog:
GOLD DOWN $13.50 TO $1744.10//SILVER DOWN 27 CENTS TO $25.24//HUGE QUEUE JUMP AT GOLD COMEX OF 3.5 TONNES AS NEW STANDING RESTS THIS WEEKEND AT 83.3 TONNES//SILVER ALSO ADVANCES TO 14.8 MILLION OZ//MAY OI IN SILVER REMAINS EXTREMELY HIGH AT 109,171 CONTRACTS//ONE COVID COMMENTARY TONIGHT//ANDREW MAGUIRE AND ALASDAIR MACLEOD: A MUST WATCH VIDEO//RUSSIA VS UKRAINE//ISRAEL VS IRAN/ USA DATA: PPI RED HOT//SWAMP STORIES FOR YOU TONIGHT
by Michael Wilkerson, American Thinker:
Federal Reserve Chairman Jerome Powell has made some interesting statements in recent weeks about the Fed’s view of inflation. In summary, Chairman Powell has stated that overall inflation remains below the Fed’s 2% long-term objective, and that while reopening of the economy could produce price increases later in the year, inflationary pressures from rising prices are likely to be neither large nor persistent. Given the transient nature of these effects, and a long history of deflationary pressures in the U.S. and around the world, Chairman Powell believes that inflation isn’t something to worry about. And in any event, Chairman Powell reassures us that the Fed “has the tools to deal with that [inflation]” should it rise above long-term target levels.
53% of Canadians are on the verge of insolvency and are $200 or less away from not being able to pay their monthly bills and obligations, while 25% took on more debt during the pandemic, according to a new survey by MNP.
The news comes as Canada’s MNP consumer debt index hits a five-year high, and is a 10-point jump from a December survey, according to Bloomberg.
by Mish Shedlock, The Street:
The “Everything Rally” is underway, fueled by borrowed money.
As of late February, investors had borrowed a record $814 billion against their portfolios, according to data from the Financial Industry Regulatory Authority, Wall Street’s self-regulatory arm. That was up 49% from one year earlier, the fastest annual increase since 2007, during the frothy period before the 2008 financial crisis. Before that, the last time investor borrowings had grown so rapidly was during the dot-com bubble in 1999.
by Simon Black, Sovereign Man:
Last week I wrote to you about billionaire hedge fund manager Ray Dalio’s most recent advice for people to diversify their investments OUT of the US dollar.
Dalio didn’t pull any punches when he laid out his analysis for America’s economic future.
He warned readers of the very real risk of stagflation (starting “late this year”) and tax increases that could be even “more shocking than expected”.
by Whitney Webb, Activist Post:
A report published last year by the WEF-Carnegie Cyber Policy Initiative calls for the merging of Wall Street banks, their regulators and intelligence agencies as necessary to confront an allegedly imminent cyber attack that will collapse the existing financial system.
In November 2020, the World Economic Forum (WEF) and Carnegie Endowment for International Peace co-produced a report that warned that the global financial system was increasingly vulnerable to cyber attacks. Advisors to the group that produced the report included representatives from the Federal Reserve, the Bank of England, the International Monetary Fund, Wall Street giants likes JP Morgan Chase and Silicon Valley behemoths like Amazon.