US GDP reportedly grew by 1.5% in the second quarter. Cause for celebration? Not necessarily. The figure comes from the government, and whether it accurately reflects economic reality is open to debate. Personally, I have my doubts. Economists generally regard annual GDP growth of 2% to 3% as healthy. At
The fundamental picture for silver has worsened in terms of supply, if anything. The three largest traders have massive short positions on silver, so of course they want the price suppressed. The Shanghai premium for real metal is running at present around 11% greater than the western paper price. On
The panic by the Trump administration over the growth and expansion of the BRIC’s system I believe, is justified from an American viewpoint. I do not believe that the tariff of 10% on BRIC’s aligned nations will stop the process at all. When we look at why an alternate non-dollar
The situation where Zelenskyy, who has taken billions of dollars in cash and equipment from the USA, refuses to negotiate a deal with Russia and still calls for more funding and tries to deal with Europe behind the back of the US makes no sense. Trump certainly has to drag
Who bosses the bosses? I wasted my time learning economics in the 1970’s. I only needed these critical lessons. The year is up and running. Day by day, it unfolds before our eyes. Can we believe what our eyes are seeing? So much propaganda, so many lies, so much obfuscation,
Our discussions regarding the safety of the facility are broad ranging and cover security, logistics, political, environmental, and economic risks not only in Panama but worldwide. Our chat today related to the placement of fiat funds. More and more we struggle with the red tape involved in banking in Panama.
Now that students have to resume payment, what will the effect be on the economy? I believe it will be serious. ($1.6 TRILLION outstanding) A huge amount of ‘discretionary’ income will be diverted into those repayments with dire consequences for the overall economy. I believe the impact is being sorely
When I look at the upcoming BRICS meeting and the potential effects on the dollar, I feel that the group has a point, in that the dollar has been weaponized and any one of them may be the next target of the deadly weapon of being basically demonetized. I feel
Looking at comparisons between the fall of Rome and the current state of the US leads me to believe that the US is vulnerable to a similar fate. Some of the similarities follow: We understand that times are different and the world has modernized somewhat, but history does tend to
The more I read about CBDC’s, derivatives, bank investments, bank risks, financial products, debt ceilings, and debt to GDP ratios, the more I concentrate on physical gold and silver. To add spice to the mix, some gold, silver, platinum, lithium and uranium stocks. Each has its risks and rewards and
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