Goldman, Citi See Dollar Sliding In 2021, Plunging As Much As 20%
Wall Street latest top consensus trade for 2021 has quickly emerged as a dollar short. After Deutsche Bank flip-flopped on its view for the dollar, first closing out its long-running dollar short then reversing itself just days later and renewing its USD short , other banks have joined the bandwagon expecting a major drop in the world’s reserve currency in the coming year.
…and what will this do for Gold and Silver????? (Continue to full article)
Schiff: Can America Really Take A Paid Vacation Funded By Uncle Sam?
This is the type of nonsense that actually gets discussed now. Because everybody thinks, well, it doesn’t matter, because the federal government is going to pay for it…… (Continue to full article)
Bank Analyst Puts Bitcoin Price Prediction “As High As $318,000”
While long called “digital gold” by crypto fanatics, Bitcoin has so far been a poor store of value (due to its infamous price swings) or medium of transfer and has emerged as a trading vehicle instead. However, as per Fitzpatrick, such a backdrop is exactly what primes the asset as one that would sustain an eventual “long-term trend.”… (Continue to full article)
Dershowitz: Trump May Try To Deny Biden 270 Electoral Votes, Put Election In Congress
Trump hasn’t signaled in public about his chances of securing 270 votes due to several legal challenges.
“What he’s trying to do is to deny Joe Biden 270 votes, by challenging in Pennsylvania, Georgia, in Nevada, in Michigan, in Arizona,” Dershowitz said, adding that not allowing Biden to reach 270 out of 538 votes would eventually force House state delegations to vote, where Republicans have an advantage over Democrats. Currently, the GOP has a 26-23-1 state delegation majority in the House of Representatives.
“If he can keep the Biden count below 270, then the matter goes to the House of Representatives, where, of course, there is a Republican majority among the delegations of states, and you vote by state if it goes to the House,”… (Continue to full article)
Wild Ride for Used Cars & Trucks in Weirdest Economy Ever
The prices of used cars and trucks that are sold at wholesale auctions around the US dropped again in the week ended November 8, compared to the prior week, the 12th week in a row of week-to-week declines that followed a historic 36% spike from April through mid-August, according to data reported by J.D. Power on Thursday. Wholesale prices are now down over 8% from that peak but are still 6% higher than they’d been at the beginning of March. What a historic trip… (Continue to full article)
Get ready for the “Work From Home” Tax
Once upon a time, long long ago in a dreamworld far far away, banks actually used to be capitalists.
They were wealth creators. They wanted to do business with their customers. They facilitated important trade and commerce. They acted responsibly and conservatively with other people’s money.
Now it’s a totally different story… (Continue to full article)
Gold’s story is not over
After a precipitous vaccine news-driven decline, gold’s current price levels still leave unanswered questions,” RBC’s commodity strategists wrote last week. “Despite seemingly buoyant markets, we do not think that investors have forgotten their fear; thus gold’s story is not yet over amid ongoing the economic, financial and political uncertainty… (Continue to full article)
Federal Reserve Chair Jerome Powell Admits The Truth: “We’re Not Going Back To The Same Economy”
Jerome Powell is admitting that the boom years are over. For months, I have been trying to explain to my readers that the debt-fueled “prosperity” that we were enjoying prior to the COVID pandemic won’t be coming back…
Despite stimulus package after stimulus package, and despite unprecedented intervention by the Federal Reserve, we continue to be mired in the worst economic downturn since the Great Depression of the 1930s. Fear of the virus continues to drag down the overall level of economic activity, more businesses are going under with each passing day, and the layoff announcements never seem to end (Continue to full article)
US Kicks Off New Fiscal Year With $284 Billion Deficit
The federal budget deficit was about twice as large in October as it was in the same month a year ago, the U.S. Treasury Department announced Thursday.
The deficit totaled $284.1 billion in the first month of fiscal year 2021, compared to $134.5 billion in October the year before. Revenue was 3.2% lower on a year-over-year basis, and spending was 37.3% higher… (Continue to full article)
[Got physical… close at hand?]
Let’s do something about that…
The Edge is heard at 8:00 p.m. (Eastern Time), each Monday through Friday on Republic Broadcasting Network. Jeffrey Bennett, host of the program sharies over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.
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