Fitch Ratings has expressed concern about the United States' burgeoning deficit, which is currently at 8.1% of GDP. This alarming figure is a sign of the country's financial instability and raises questions about its long-term economic health. The deficit is likely to put pressure on the US dollar and could lead to higher interest rates, making it more expensive for businesses and consumers to borrow money.
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This analysis explores the recent Federal Reserve rate cut pivot and its potential impact on the precious metals market. It highlights the mechanics behind a $400 per ounce silver price target, driven by central bank buying, silver fundamentals, and a manipulated market.
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Ted Butler, a precious metals analyst, dedicated his career to exposing manipulation in gold and silver markets. This week's Market Update explores Butler's work, the East-West price divide, central bank gold buying, and the potential for a future precious metals mania.
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Hiring a well paid famous actor to go around the world and gawk at the size and scale of the modern day gold market is unlikely to unveil the troubling narrative of how modern gold price discovery has been impacted by the rampant financialization of fiat currencies since the 1980s.
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US Treasury Secretary Janet Yellen's admission in Paris suggests forthcoming regional bank failures or consolidations. She advocates for balance sheet expansions of the IMF and World Bank to tackle the impending global crisis. Yellen acknowledges the rising competition from the east and the BRICS, highlighting the US dominance in flooding the global system with fiat dollar denominated debts. Bestselling author James Rickards predicts a transition to a gold-linked currency trade settlement system by the BRICS+. While some may be skeptical, his claims await validation in the near future.
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US Treasury Secretary Janet Yellen all but admitted to the US congress this week that we are heading into a more multipolar reserve currency world. A future that will depend much less on our currently still dominant fiat US dollar Federal Reserve note and offshore eurodollars for global trade settlements.