Next Up: Global Depression

Next Up: Global Depression

Oct 26, 2020 | Economic Collapse

The belief that central banks printing currency can “buy/fix” everything that’s broken, lost or scarce is the ultimate in denial, fantasy and magical thinking. Let’s revisit the pandemic projection chart I prepared on February 2, 2020, nine...
Central Banks Buy Another 40 Tons Of Gold In May

Central Banks Buy Another 40 Tons Of Gold In May

Jul 15, 2020 | Gold

Central banks added a net of 39.8 tons of gold in May, according to the latest data from the World Gold Council. May purchases maintained the pace we’ve seen through the first four months of the year and was slightly above the four-month average of 35 tons. So far in...
How Central Banks Destroy Money’s Purchasing Power

How Central Banks Destroy Money’s Purchasing Power

Jul 9, 2020 | Economic Collapse

Most economists hold that a growing economy requires a growing money stock on grounds that growth gives rise to a greater demand for money that must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of goods and services,...