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Gold Holds Ground on Softer Dollar, Rate-Hike Pause Bets
Postet: 06.06.2023
Gold prices steadied in a tight range on Tuesday as optimism that the U.S. central bank will not hike interest rates this month kept the dollar under pressure. Spot gold XAU= held its ground at $1,960.89 per ounce by 0239 GMT. U.S. gold futures GCcv1 edged 0.1% higher to $1,976.80.
Gold Gains Hugely in Popularity Among American Investors: Gallup Survey 2023
Postet: 06.06.2023
A Gallup asset class survey conducted in April 2023 finds that 26% of the American public think that gold is the best long-term investment.
Rep. Alex Mooney Aims to Block Fed's Digital Currency Scheme
Postet: 06.06.2023
Under a CBDC, a time-stamped ledger of every single transaction by every single individual and/or firm would create threats to privacy.
What Happens When the Competent Opt Out?
Postet: 06.06.2023
By this terminal stage, the competent have been driven out, quit or burned out. There's only slack-masters and incompetent left, and the toxic work environment has been institutionalized, so no competent individual will even bother applying, much less take a job doomed to burnout and failure. This is why systems are breaking down before our eyes and why the breakdowns will spread with alarming rapidity due the tightly bound structure of complex systems.
Everything Is as It Isn't in the News
Postet: 06.06.2023
Pretending things were not as they really were left us all with a worse world — just as the media did with the Fed when it pretended the Fed was right about inflation being transitory and all simply parroted the narrative they were force-Fed.
Inflation End Game: "Everyone Pays and No One Benefits"
Postet: 06.06.2023
For many, the jobs data is just too good to be true. The BLS has a long history of cooking the data to paint a rosy picture.
Gensler Says US Dollar Is Only Digital Currency We Need
Postet: 06.06.2023
Gensler has been in the spotlight for months, as his agency ramps up enforcement against crypto companies. When he testified before Congress back in April, Gensler refused to answer whether ether was a security or a commodity.
SEC Chair Gensler Lambasts Crypto Industry After Agency Charges Binance, Coinbase
Postet: 06.06.2023
Gensler didn’t hold back his feelings on the industry’s significance: “We don’t need more digital currency. We already have digital currency. It’s called the U.S. dollar, it’s called the Euro, it’s called the Yen. They’re all digital right now […] so what’s the real underlying value of these tokens?”
Global Economy Struggles Amid Inflation, Pandemic Aftershocks and War
Postet: 06.06.2023
Two Federal Reserve decisions next week will shape a global economy whose growth the World Bank predicts will slump this year and remain “frail” through 2024.
UPS Strike Looms in a World Grown Reliant on Everything Delivered Everywhere All the Time
Postet: 06.06.2023
The last time UPS workers walked of the job more than two decades ago, it crippled the shipping company. An emboldened union is threatening to do the same and this time the disruption would be far greater. The 24 million packages UPS ships on an average day amounts to about a quarter of all U.S. parcel volume, according to the global shipping and logistics firm Pitney Bowes. UPS says they deliver the equivalent of about 6% of nation’s gross domestic product. The Teamsters, representing about 350,000 UPS workers, say they'll strike if there's no deal by the time the current contract expires July 31.