When unemployment leads to impoverishment or loss of social status, unemployment is itself a major health problem… by Ryan McMaken of Mises Institute Fed chairman Jerome Powell on Wednesday announced the economic […]
The post Unemployment Kills: The Longer Lockdowns Last, the Worse It Will Get appeared first on Silver Doctors.
The “credit facility” arranged by the CME Group does not necessarily mean that any of its exchanges are at immediate risk of such defaults… by Chris Powell of the Gold […]
The post CME Group Has Been Preparing For Clearing Member Defaults For Years appeared first on Silver Doctors.
Reuters/Samuel Shen and Emily Chow/4-28-2020
“The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.”
USAGOLD note: He went to say that gold’s gains since the start of the year are likely to be sustained. He says given the Fed’s opening of the “liquidity tap” will send the dollar into a “long-term depreciatory trend.” We do not believe that a super-sovereign currency is likely any time soon, though crisis has a way of upending the current order – whatever the current order might be.
We invite you take a look at this link to the U.S. Treasury Department’s table on the national debt since the beginning of the year:
TreasuryDirect-National debt
The last time we referenced this table (April 17) the national debt stood at just under $24.5 trillion. It is now $24.71 trillion. Another $210 billion has been added just over the past two weeks. Over $1.5 trillion has been added since the turn of the year and more than $1 trillion in the month of April.
