Money

If president Biden wants to save the US economy, his first measure should not be to print $trillions of worthless new money but instead tell his secretary of the treasury Janet Yellen to withdraw all debased currency from circulation just as Aristophanes suggested in 405BC, Copernicus in 1517 and Gresham in 1560.

Russian and Chinese gold reserves stay the same for December 2020.

Ever since Nixon welched on the U.S. dollar in 1971 and took away this global reserve currency’s gold backing, currencies around the world have behaved like teenagers at a keg party without a chaperone.

Bitcoin has indeed proven itself as a more enduring asset than many had predicted after the first few bubbles burst in 2013 and 2018, and there have been several high-profile institutional investors expressing interest in recent months. But we continue to believe that the comparisons between the digital currency and gold are absurd.

In this video, we talk about disastrous central bank policies, commodities, gold, bitcoin and how to best position yourself now. Gromen is considered as an absolute insider regarding the changes in the global currency system. In his publications, he shows why we are facing the biggest change in 80 years and who the winners and losers are should the US dollar be replaced as the world's reserve currency.

The state of the world necessitates holding gold as life insurance. Whether gold reaches $2,000, $20,000 or $200 trillion has nothing to do with the value of gold but all to do with a bankrupt financial system and worthless fiat currencies.

A multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia’s $583 billion international reserves above dollars for the first time on record.

Egon von Greyerz and Matthew Piepenburg discuss recent, headline-making swings in the global gold market and political landscape.

We take another deep dive into the lessons of history, math and objective facts as one year replaces another in a global market increasingly on edge.

With zero interest rates, the government has locked savers into a trap from which it is difficult to escape, but it is to its advantage, since it can finance its budget deficit at a lower cost. How does it do this? We must begin by asking the question: Why do banks and insurers buy debt that brings them little or nothing in return?