Economist’s “News and Views” Friday 8-23-2024
60-day gold revaluation trigger - LFTV Ep 187
Kinesis Money: 8-23-2024
In this week’s episode of Live from the Vault, Andrew Maguire uncovers how global central banks are ramping up gold buying while the Fed continues its attempts to suppress gold prices and conceal the true extent of the dollar's depreciation.
The precious metals expert provides an update on the BRICS’ gold-backed token launch and discusses the escalating shift toward de-dollarisation of the global trade, signalling significant changes ahead in the gold and silver markets.
Timestamps
00:00 Start
04:00 53rd anniversary of the US leaving the gold standard and the rise of petrodollar
08:49 Tracking BIS efforts to split from the Fed and coordinated gold buying by banks
19:45 Update on the BRICS gold-backed currency progress
24:51 In-depth short-term gold market overview - with charts!
Millions Are Seriously Struggling Now After Credit Crisis Worsens
Atlantis Report: 8-23-2024
Millions Are Seriously Struggling Now After Credit Crisis Worsens. The U.S. economy is facing a severe credit crisis, as 75 million people have stopped paying their debts, according to a recent report by the Consumer Financial Protection Bureau.
The report reveals that millions of Americans are struggling to repay their loans, mortgages, credit cards, student loans, and other debts due to the combined effects of the pandemic, the recession, the inflation, and the reserve ratio.
This widespread non-payment of loans, credit card balances, and other financial obligations has sent shockwaves through the banking sector, raising concerns about the solvency of lending institutions and the potential for a cascading effect on the global economy.
The United States is currently experiencing a severe financial crisis, which has left millions of Americans dealing with unprecedented economic challenges.
This crisis is caused by increasing household debt, higher interest rates, and ongoing inflation, leading to major financial problems for many families nationwide.
As the cost of living continues to outgrow income growth, more and more individuals are finding it difficult to meet their financial obligations.
This has led to a widespread crisis, posing a threat to the economic well-being of numerous households.
We Just Saw The TREMOR Before The Earthquake | Francis Hunt
Liberty and Finance: 8-22-2024
The impending global financial collapse marks an unprecedented event in economic history, characterized by the synchronized failure of fiat currencies and debt systems worldwide, says The Market Sniper Francis Hunt .
As central banks and governments grapple with an escalating crisis, the scale of this collapse is poised to reshape economic paradigms for centuries.
In the face of soaring gold prices, currently exceeding $2,500 per ounce, Hunt forecasts a significant bull run for gold, with potential highs reaching $3,000 and beyond.
This global debt crisis, unlike past economic downturns, is affecting all major economies simultaneously, underscoring the gravity of the situation. For those invested in precious metals, particularly gold, this period presents an unparalleled opportunity amid the economic turmoil, he notes.
INTERVIEW TIMELINE:
0:00 Intro
1:10 $2500 gold
5:43 Economic collapse
15:50 Gold & oil update
22:33 Silver update