Gold’s Remarkable Rise to $1 Million a Bar Offers Rare Media Flashpoint of a Quiet Bull Market
News broke last week that upon reaching a new all-time record high of over $2,500 per troy ounce, the…
Category: Economies & Markets
Azerbaijan, Malaysia Launch Formal Bids to Join BRICS
To mark the occasion of the visit of President Vladimir Putin to Baku, Azerbaijani officials announced they had launched…
US Debt Per Citizen Grows 10% Faster Than the Population Since 2008
Financial analysts have looked at the growth rate in the share of the national debt per citizen and found…
After 100 Days of ‘Shock Therapy’ Milei Retains Robust Support Even from Struggling Argentines
The “first 100 days” is used as a political measuring stick around the world to gauge the progress of…
75 Years of Sea Level Rise Estimated to Cost 1 Year of American Military Spending
The economies of the European Union and the United Kingdom could face almost one trillion euros in lost productivity…
Argentina’s Milei Sends Sweeping Economic Reforms to Congress as Battle Against Inflation Begins in Earnest
Fiery political figures become so based on the legislation they propose, not the rhetoric they use, and the Omnibus…
Economic Costs of Climate Change Pale in Comparison to Financial Crises
If an environmental activist can’t seem to wrap their head around why the wealthy nations of the world aren’t…
Milei Government Announces First Plan to Fight Inflation–50% Devalue of the Peso
Financial analysts and the International Monetary Fund are reacting to the much-anticipated first step of the new government in…
“First Anarchocapitalist World Leader” Now in Charge of BRICS Member Argentina
In what may be the largest political victory in the history of Libertarian political philosophy, Argentine economist Javier Milei…
Record-High GDP Print Disguises Sorry State of US Economy as a Half-Dozen Recession Indicators Continue Flashing
News reports hailed the recent third-quarter advance estimate for GDP of 4.9% as a sign of the “resilience” of…
Belt and Road’s Failures Are Well Documented—the Successes Not as Much
Story at a glance… China’s Belt and Road Initiative was launched 10 years ago this month. Despite immense difficulties…
US Deficit Is Projected to Roughly Double this Year: Watchdog
According to projections from the Committee for a Responsible Federal Budget, the US federal spending deficit for the fiscal…
BRICS Summit 2023: BRICS Gold-Backed Currency Decision Delayed–6 New Members Invited to Join
In the lead-up to the 15th annual BRICS summit, it’s been suggested that a multinational trade currency pegged to…
BRICS Summit 2023: Bloc Keen on Welcoming New Members—Who and How Remain Open Questions
Kicking off on Tuesday in Johannesburg, the 15th Annual BRICS Summit will hopefully put the answers to a lot…
Strong Labor Market or Desparation? Survey Finds 93% of Americans Work a Side Hustle, 16% a Second Job
Labor is a tricky part of economics, and the current US economy, despite the bank failures, the record price…
Russian Embassy Confirms Creation of BRICS Currency Backed by Gold Without a Timetable
In this political climate, no one should take what the employees of a single Russian embassy say as gospel,…
For America to Pay Her Bills, the Debt Ceiling Doesn’t Need to be Raised: Why the Confusion?
ITALY, May 26th, 2023. In the bargaining over raising the debt ceiling, not one member of Congress, the Treasury…
Silicon Valley Bank CEO’s Testimony Highlights Major Problem-Realities in American Finance
Set for a grilling before Congress at 10:00 AM Eastern Time, a written testimony from Greg Becker, former CEO…
First Republic Bank Becomes Second-Largest Failed US Bank—and Other Economic News
VARESE, Italy. May 2nd, 2023. After Silicon Valley, Signature, and Silvergate banks failed and were seized by the US…
What Happens Now After the Bank Failures? Fed Between a Rock and a Hard Place
Whether they admit it or not, the US Federal Reserve has been left juggling priorities of whether to ensure…