(John Solomon) Treasury Secretary Janet Yellen acknowledged Saturday that inflation was growing and could peak as high as 3 percent this year as the economy recovers from the pandemic, but she insisted there was no need for alarm.
The post Yellen Concedes Inflation Picking up, Could Reach 3 Percent appeared on Stillness in the Storm.
(JD Heyes) Likely sensing that the Biden regime is out to crash the U.S. economy with its job-killing, dependency policies, Russia is moving to ditch all dollar holdings in its ‘rainy day’ fund and replace them with gold, euros and China’s yuan.
The post Russia Dumping All U.S. Dollars in Its Sovereign Wealth Fund and Will Switch to Euros, China’s Yuan and Physical Gold appeared on Stillness in the Storm.
(Virgilio Marin) The United States Mintdelayed pre-sales of its non-circulating silver coins amid a global silver shortage. In a statement on May 27, the bureau said that its supply of silver blanks is not able to keep up with the demand for its coins.
The post US Mint Postpones Silver Coin Pre-orders amid Global Silver Shortage appeared on Stillness in the Storm.
(Joe Hoft) Individual investors around the world are trying to determine where is the most profitable and safest place for their investments. This question has never been as difficult to determine as now.
The post GET READY FOR A RIDE: Inflation Is a Major Concern Amongst Many Concerns in the Markets Today appeared on Stillness in the Storm.
(Alasdair Macleod) So that we can understand the financial and banking challenges ahead of us, this article provides an historical and technical background. But we must first get an important definition right, and that is the cause of the periodic cycle of boom and bust. The cycle of economic activity is not a trade or business cycle, but a credit cycle. It is caused by fractional reserve banking and by banks loaning money into existence. The effect on business is then observed but is not the underlying cause.
The post A History Of Inflationary Money: From 1844 To Nixon appeared on Stillness in the Storm.
(Zero Hedge) As the Federal Reserve remains unable to stoke inflation (because it refuses to measure it correctly) and refuses to factor in asset price inflation…
The post Economy: Federal Reserve Proposes New Rule To Let Inflation Run “Hot” Ahead Of Next Recession appeared on Stillness in the Storm.