CBS News published an article today stating the obvious. I found the following statement to be most interesting: "Still, the fastest growing sector of spending won’t be entitlement programs, according to the report: it will be the interest the government has to pay on its debt. The CBO flagged two explanations for that: “The first
Janet Yellen, Federal Reserve Chair, raised interest rates by .25% last week. The action was much anticipated by the market and the action was only the third time interest rates were raised in the last decade. The Fed has been very accommodating to the banks in response to the near global financial meltdown that took
Precious metals continue to gain momentum as we near the end of February. Gold is up 3.26% in the last 30 days. Silver outperforms gold during the same time period increasing by 6.33%. Historically, options expiration performances were muted allowing the bears to both be profitable and to achieve the goal of price suppression. I
US Appeals Court overturns Dismissal in Silver Rigging Case against JPMorgan. Last June, JPMorgan Chase & Co had won the dismissal of three private antitrust lawsuits, including from hedge fund manager Daniel Shak, accusing the largest U.S. bank of rigging a market for silver futures contracts traded on COMEX.The lawsuits accused JPMorgan of having in
The new administration is sending mixed signals regarding the "Strong Dollar" policy which has been in force for 20 years. While the policy may have served previous administrations well, it seems that there are opposing forces at work. Many of the administrations goals and objectives would support a stronger dollar yet make competitive trade overseas
As the global economy slows down, debt loads will increase. The only option left is to print more money in the hope of delaying the inevitable debt default. Everything will be attempted before the world accepts default. The following article establishes just how huge the global debt is.... Originally posted by Tyler Durden, Zero Hedge,