Reports

Is the world on the brink of a fourth wave of increasing coronavirus infections and deaths? Based on the latest data, that’s a possibility that cannot be ruled out right now. Here’s why… After the virus broke out in Wuhan, China, it spread rapidly to Milan, Italy, where a new ...

This post The Government’s Greatest Con Job appeared first on Daily Reckoning. Dollar: a paper money, silver or cupronickel coin, and monetary unit of the United States, equal to 100 cents. So runs the dictionary definition. But if one dollar equals 100 cents… what then is a cent? The answer ...

The beatings will continue until morale improves. The Hon. Jerome H. Mr. Powell, in statements this Tuesday: There is a long way to go to maximum employment… We live in a time where there is significant disinflationary pressures around the world and where essentially all major advanced economy’s central banks ...

The market is abuzz about the next round of fiscal stimulus coming from Washington, D.C., and the “reflation trade” is dominating the discussion. This trade involves buying commodities, energy, basic materials, base metals like copper… and hybrid monetary/industrial metals like silver. Of all metals, silver has the highest electrical conductivity. ...

Finance is often cloaked in arcane terminology and math, but the one dynamic that governs the future is actually very simple. Here it is: All debt is borrowed against future supplies of affordable hydrocarbons (oil, coal and natural gas). Since global economic activity is ultimately dependent on a continued abundance ...

The absence of the big orange You-Know-Who at center stage of American life has changed the mood of the scene from a five-alarm fire to just another day in a collapsing civilization. As long as he remains healthy, and evades assassin’s bullets, Mr. Trump will go after his antagonists in ...

The Bretton Woods conference of 1944 set the global financial system that still prevails today. The period 1969-1971 can be regarded as the First Reset, which involved the creation of Special Drawing Rights (SDR, ticker:XDR), the devaluation of the dollar and the end of the gold standard. For years, commentators ...

“You shall know the truth, and the truth shall make you free” — John 8:32 informs us. No, said Thomas Huxley. John was far from the facts. “You shall know the truth,” countered Huxley… “and the truth shall make you mad.” “Mad” is angry by one definition. By another it ...

What exactly is the Middle Class, and what unique role does it serve in the economy? Given that the Middle Class is constantly invoked by politicos and economists, you’d think the status quo has a solid understanding of the Middle Class. Alas, it isn’t that simple. The conventional view defines ...

The world was recently mesmerized by the ability of the Bros (short for “brothers”), a crowd of like-minded, mostly male millennials, to increase the price of GameStop from $20 per share to $400 per share in a matter of days. The fact that the Bros did this using stimulus check ...