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…
Category: Economies & Markets
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…
Debt Ceiling Circus: How Much Debt Does the Federal Government Really Have?
As negotiations continue in Congress over a potential deal to raise the debt ceiling, the full picture of the…
Gold and Silver Were Some of the Best Performing Assets in 2022
As a slight rally in equity markets kicks off 2023, a stealth bull market in gold and silver continued…
Big Commodity Gains Midway through January Even After Another Positive Inflation Report
Markets are betting in different ways as Thursday’s long-anticipated Consumer Price Index (CPI) report showed a small slowdown in…
India’s Central Bank Digital Currency Begins Testing to Serve Largest World Remittance Market
Earlier in October, the Reserve Bank of India announced it was piloting a digital, or “e-rupee,” joining China, some…
Biden Launches Targeted Policy to Try and Squeeze China Out of Key Global Markets
If China and the United States fought a war, it would not be surprising to begin that story at…
Britain to Double Bond Buy Backs, Prop Up Liquidity with Temporary Insurance
Spot prices relevant to this news: Pound/USD £1.11 – 30-year Gilt £4.729 LONDON, October 10th, 2022. On September 30th,…
It Took One Month For Germany to Backtrack on Having Sufficient Gas Reserves
PICTURED: Federal Chancellor of Germany Olaf Scholz at a news conference following Russian-German talks, February, 2022. For Germans concerned…
England Throws In the Towel Against Inflation, Announces Quantitative Easing
A statement from the Bank of England in the midst of their currency plummeting in value reveals a substantial…
What Can Italy’s New Prime Minister Afford to Do Taking Charge in a Cash-Strapped Nation?
PICTURED: Giorgia Meloni of the Brothers of Italy party at a rally over her recent victory. PC: Fair Use.…
Germany Fully-Nationalizes Gas Company Amidst Half a Trillion in EU Spending on Energy
BERLIN, Germany. November 21st, 2022. The German government announced on Wednesday it would fully-nationalize the gas company Uniper in…
ECB Rates Raises Were Already Priced Into Market Expectations as Bonds Spreads Widen
FRANKFURT, Germany. September 8th, 2022. The European Central Bank raised its benchmark interest rate by 75 basis points up…