Consider that anybody with a few billion dollars in hand can sit on a pile of gold that does not turn a profit, and still have enough of everything, even if they do not gain any more. So those who do not need to constantly get more are able to coast through the tough times very comfortably.
Those who are not so well off may still be driven to get more, so they can not afford to sit on gold.
Why are "household savings so much on the rise? A rather obvious answer is the anticipation of needing them in the near future, when food prices, and other prices, inflate beyond imagination. Even in Canada thedirection of the Fed is obviously not right, and folks can see what is coming.
WHO??? will be ableto easily weather the present inflationary trends?? Certainly NONE of those folks who are not able to conveniently increase their incomes, that much is certain. The appearance is that the Federal Reserve bankers are concerned only about the continuing profits of their "friends", and that the balance of the population does not matter one bit.
Of course it may also be that The Fed has embraced "The Dark Side" and is hoping to cause a total collapse of the USA exonomic system. Watch closely, folks, it is going to be quite a show.
Thanks for ending the article with those additional comments. The balance of folks needing to leave (LIVE) being left behind is an unfortunate betrayal by a president that very few voted FOR. He won because of votes AGAINST TRUMP, not FOR him. So I repeat my assertion that the electorate needs one more choice, that being "NONE of the above."
Telling all of the parties that their candidate offerings are not acceptable might possibly embarrass them into doing better.
Certainly it might have embarrassed the republicans into offering a better candidate than Trump. And in the previous election we might have had a better choice than Hillary Clinton.
Really, I do not know WHAT to think about that. Somehow physical gold and crypto currency do not seem to mix, at least not in a way that is obvious to me at this time. Perhaps in an alternate reality??
It is VERY difficult to examine any refinery while the wind is stil blowing. Fortunately, with the adequate warning time disaster spills seem to have been avoided, unlike the Katrina disaster. So one question I have is about prices jumping before the first rain hit the refineries. Something smells rotten there.
That massive power outage stems from the seven main feeds to that whole area being broken. The photo of the transmission tower for the wires crossing the Mississippi river new New Orleans shows the incredible destruction. It certainly was an epic storm. And such major damage will take a while to replace, no matter what resouces are brought to help.
With both new and used cars, it is not thatrising prices have lead to inflation, but rather that inflation has lead to rising prices.
And the shortage of "chips", (Integrated circuits) is a lot more complex than gets mentioned. There are constant advances in the technology, and the production equipment for each advanced product is very expensive. That high cost, coupled with a projected drop in demand, lead to a cutting back on the investment inproduction for the "latest and greatest" generation of the integrated circuits. What makes the shortage of production such a problem is that each application requires a specific model chip, and that they are mostly all different. If there had not been such apush for the latest genertion devices, if the designs had used the current level, there might not have been any problem. Unfortunately the mass production industries do not work that way. Thus the problem.
The fact is that it is very hard to extinguish a fire by throwing gas on it.
It is just as hard for the federal reserve club to reduce inflation without violating their agenda of protecting the profits of the banking industry. And it is not likely that their agenda will be altered willingly, they owe too many favors.
It was not just an incorrect model that lead to this condition, it was also an incorrect set of goals. Satisfying only the needs of that top ten percent will not solve the problem.
Very unfortunately it appears that the solution is not available, sort of like in a ship after the scuttle port has been blasted open. (You may need to look up "scuttleport). And also unfortunately I don't see an easy or painless solution either.
This is an incredibly good article, rather disturbing, though.
One point is that the resources we are running out of are the less expensive ones. Back with the first fuel shortage we discovered that the USA had run outof cheap fuel. There was no shortage of expensive gasoline at all. So that needs to be understood, that the shortage of resouces is a shortage of affordable resources. There is not much lack of the really expensive resouces. This makes thing really tough for those less developed areas where even clean water is not available. Clean water requires energy, just like electric lighting, and now that energy is far more expensive because of the demands that generation not contribute to global warming. Never mind that the global warming has been caused by the massive deforesting that has removed the only mechanism for reducing the amount of carbon dioxide in the air. Slowing the production does not hep much if there is no conversion back. So the push has been mostly in the wrong direction. We need trees instead of pavement.
And the burning of food (alcohol) instead of using corn for eating has both reduced the supply of food and increased the price of that food.
So the whole world is suffering because of a long string of poor choices. That should be obvious to all of us by now. Unfortunately the answer is not so obvious, other than knowing it is not a problem that big goverment can solve. At least, Big Government has shown neither intent nor ability to even accurately address the problem.
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The Next Greatest Trade Ever: Billionaire Gurus Increasingly Point To Gold
Consider that anybody with a few billion dollars in hand can sit on a pile of gold that does not turn a profit, and still have enough of everything, even if they do not gain any more. So those who do not need to constantly get more are able to coast through the tough times very comfortably.
Those who are not so well off may still be driven to get more, so they can not afford to sit on gold.
Why Tilray's Stock Looks Like It's Beginning To Reverse
All that is mentioned is the trading. How is the actual company performing? That sort of matters a bit.
The Canadian Economy Stumbles Out Of The Gate
Why are "household savings so much on the rise? A rather obvious answer is the anticipation of needing them in the near future, when food prices, and other prices, inflate beyond imagination. Even in Canada thedirection of the Fed is obviously not right, and folks can see what is coming.
Tuesday Talk: Market Highs And Afghan Lows
WHO??? will be ableto easily weather the present inflationary trends?? Certainly NONE of those folks who are not able to conveniently increase their incomes, that much is certain. The appearance is that the Federal Reserve bankers are concerned only about the continuing profits of their "friends", and that the balance of the population does not matter one bit.
Of course it may also be that The Fed has embraced "The Dark Side" and is hoping to cause a total collapse of the USA exonomic system. Watch closely, folks, it is going to be quite a show.
Market Briefing For Tuesday, Aug. 31
Thanks for ending the article with those additional comments. The balance of folks needing to leave (LIVE) being left behind is an unfortunate betrayal by a president that very few voted FOR. He won because of votes AGAINST TRUMP, not FOR him. So I repeat my assertion that the electorate needs one more choice, that being "NONE of the above."
Telling all of the parties that their candidate offerings are not acceptable might possibly embarrass them into doing better.
Certainly it might have embarrassed the republicans into offering a better candidate than Trump. And in the previous election we might have had a better choice than Hillary Clinton.
The Cost Of Running Corporate America
Really, I do not know WHAT to think about that. Somehow physical gold and crypto currency do not seem to mix, at least not in a way that is obvious to me at this time. Perhaps in an alternate reality??
Energy Report: Ida Aftermath
It is VERY difficult to examine any refinery while the wind is stil blowing. Fortunately, with the adequate warning time disaster spills seem to have been avoided, unlike the Katrina disaster. So one question I have is about prices jumping before the first rain hit the refineries. Something smells rotten there.
That massive power outage stems from the seven main feeds to that whole area being broken. The photo of the transmission tower for the wires crossing the Mississippi river new New Orleans shows the incredible destruction. It certainly was an epic storm. And such major damage will take a while to replace, no matter what resouces are brought to help.
Chip Shortages: ETF Winners And Losers
With both new and used cars, it is not thatrising prices have lead to inflation, but rather that inflation has lead to rising prices.
And the shortage of "chips", (Integrated circuits) is a lot more complex than gets mentioned. There are constant advances in the technology, and the production equipment for each advanced product is very expensive. That high cost, coupled with a projected drop in demand, lead to a cutting back on the investment inproduction for the "latest and greatest" generation of the integrated circuits. What makes the shortage of production such a problem is that each application requires a specific model chip, and that they are mostly all different. If there had not been such apush for the latest genertion devices, if the designs had used the current level, there might not have been any problem. Unfortunately the mass production industries do not work that way. Thus the problem.
It's Not Biden's Inflation
The fact is that it is very hard to extinguish a fire by throwing gas on it.
It is just as hard for the federal reserve club to reduce inflation without violating their agenda of protecting the profits of the banking industry. And it is not likely that their agenda will be altered willingly, they owe too many favors.
It was not just an incorrect model that lead to this condition, it was also an incorrect set of goals. Satisfying only the needs of that top ten percent will not solve the problem.
Very unfortunately it appears that the solution is not available, sort of like in a ship after the scuttle port has been blasted open. (You may need to look up "scuttleport). And also unfortunately I don't see an easy or painless solution either.
Afghanistan (And Today’s High Level Of Conflicts) Reflect An Energy Problem
This is an incredibly good article, rather disturbing, though.
One point is that the resources we are running out of are the less expensive ones. Back with the first fuel shortage we discovered that the USA had run outof cheap fuel. There was no shortage of expensive gasoline at all. So that needs to be understood, that the shortage of resouces is a shortage of affordable resources. There is not much lack of the really expensive resouces. This makes thing really tough for those less developed areas where even clean water is not available. Clean water requires energy, just like electric lighting, and now that energy is far more expensive because of the demands that generation not contribute to global warming. Never mind that the global warming has been caused by the massive deforesting that has removed the only mechanism for reducing the amount of carbon dioxide in the air. Slowing the production does not hep much if there is no conversion back. So the push has been mostly in the wrong direction. We need trees instead of pavement.
And the burning of food (alcohol) instead of using corn for eating has both reduced the supply of food and increased the price of that food.
So the whole world is suffering because of a long string of poor choices. That should be obvious to all of us by now. Unfortunately the answer is not so obvious, other than knowing it is not a problem that big goverment can solve. At least, Big Government has shown neither intent nor ability to even accurately address the problem.