Truckers have warned that the nation’s supply chain is in jeopardy. Truckers argue they are hauling goods into COVID-19 hot spots sans protective equipment, testing capabilities or ways to self-quarantine or seek treatment if they become sick.
Jim Cantrell is an American entrepreneur, mechanical engineer and road racer. He worked at the French Space Agency CNES (Centre Nationale D’Etudes Spatiales) and the NASA Jet Propulsion Lab, whereafter he consulted independently to aerospace companies for fifteen years. Jim was on the founding teams of SpaceX and Moon Express.
Last week, Ammon Bundy, who led the 2014 standoff regarding unpaid grazing fees on federally-owned public lands in Oregon, spoke to a few dozen people in a meeting that violated orders by Gov. Brad Little of Idaho to avoid groups. Bundy called it his constitutional right to peacefully assemble. He had created a network of people ready to aid those facing closures of their business and other interference from the government amid the coronavirus outbreak.
With Italy having reached its crest of the world’s most deadliest outbreak, Italian health officials and politicians have looked towards reopening the country. Their thinking revolves around the idea that you may only go back to work if you’ve the right antibodies in your blood, though researchers are not completely sure that antibodies indicate immunity.
While most crime is down in New York City during the coronavirus lockdown, burglaries are the exception. They were up approximately 22% in March. The City That Never Sleeps is not the only city dealing with an uptick in burglaries. Towns and cities across the country have experienced the same trend.
The global economic crisis linked to the coronavirus has wiped out jobs for millions across the African continent, many of whom live hand-to-mouth in slums and without clean water.
American politician, diplomat and geopolitical consultant Henry Kissinger wrote an op-ed for The Wall Street Journal about Covid-19. Kissinger became National Security Advisor in 1969 and U.S. Secretary of State in 1973.
Bill Murphy, a former American professional wide receiver who played one season in 1969 for the New England Patriots, has for decades been a financial commentator focusing on gold and silver. Bill, who graduated from Cornell University in 1968, has served as the chairman and director of the Gold Antitrust Action Committee. Bill has provided expert analysis at LeMetropole Cafe for over 20 years.
The U.S. is losing its spot as the world’s number one oil producer due to the recent oil price crash, dissipating demand and a collapse in capital investment, according to energy experts. This could become a national security issue.
As the U.S. federal government battles the coronavirus epidemic, the federal deficit has been pushed above $3 trillion. Meanwhile, unemployment is also increasing ahead of the April 3 jobs report.
Professor Dr Sucharit Bhakdi, an infectious medicine specialist and one of the most highly cited medical research scientists in Germany, believes the response to coronavirus is grotesque, absurd, and very dangerous.
Gordon Brown urged world leaders to create a temporary world government to fight Covid-19 pandemic. The former Labour prime minister, who led the country amid the 2008 financial crisis, called for a task force of world leaders, health experts, and leaders of international organizations that could coordinate the response to Coronavirus.
The gold and silver market could face logistical challenges as part of the fallout from the coronavirus crisis. Mints, such as the Royal Canadian Mint, have made headlines as they’ve closed. Some have speculated that mine and mint closures due to efforts to slow the spread of COVID-19 could create supply shortages.
Mati Greenspan is a trader from birth and founder of Quantum Economics. He is a former Senior Market Analyst at eToro. As a licensed portfolio manager in the European Union, he
focuses on macroeconomic analysis, portfolio diversification and cryptocurrencies. Learn more at QuantumEconomics.io.
“Financial crises recur in part because memories fade.” – Ben S. Bernanke, Timothy F. Geithner and Henry M. Paulson Jr in “Firefighting: The Financial Crisis and Its Lessons.”
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis told CBS’s “60 Minutes” that “there is an infinite amount of cash in the Federal Reserve. We will do whatever we need to do make sure there’s enough cash in the banking system.”
With much of the western world locked down as coronavirus cases increase, we decided to take a look at our bug out options, and we found one in particular: a flight from Toronto to Wuhan via Beijing.
Andy Hoffman has analyzed the gold and silver markets, for twenty years. He is the founder of Crypto Gold Central, where he consults on cryptocurrency-related issues. He works with alt coin developers on how to market their projects. He has worked as a trader, analyst, and commentator. Learn more at CryptoGoldCentral.com.
Gus Demos is an Executive at Perpetual Assets, a cryptocurrency and precious metals dealer based in the United States. The company specializes in Retirement Accounts; in particularly, through its LLC IRA retirement solution, which offers clients complete control over their Retirement Account. Our cryptocurrency trade desk offers clients. The company provides Metals Cards, which enable clients to hold physical Gold and Silver in an insured in a vault and use it at point of sales with a Visa Debit Card. Learn more at Perpetual Assets.
Tim Picciott takes inflation, deflation, sequence of return, market, interest rate, currency and long life expectancy into consideration while managing your money. There are many different challenges retiree’s must plan for. He works with Bitcoin and crypto early adopters, and understands the importance of gold and silver in a diversified portfolio. Learn more at The Liberty Advisor.
David Morgan is the publisher of The Morgan Report and Editor of The Morgan Report News. He has authored three books and has spoken worldwide about silver bullion as an investment. “Since I learned the truth about banking – Bankers get to create something for nothing – ‘money’ and loan it to governments they (The Banks) have ultimate control. This is the primary fact of the world’s main misery.”
Check out The Morgan Report today.
Investors are divesting from corporate bonds at a record pace. Shares of funds that buy investment-grade debt at a pace not seen since 2008, according to Bank of America.
Will the U.S. Mint create two $1 trillion platinum coins in order to bailout Main Street America?
Congresswoman Rashida Tlaib (MI-13) has proposed the “Automatic BOOST to Communities Act” in response to the Coronavirus crisis. The Act would provide a U.S. Debit Card preloaded with $2,000 to every person in America. Each card would be recharged with $1,000 monthly until one year after the end of the coronavirus crisis.
The Royal Canadian Mint announced that it will be closing its doors or the next two weeks as a means of stopping the spread of coronavirus. The mint will stop producing gold and silver maple leafs.
Denmark’s parliament passed an emergency coronavirus law on Thursday giving health authorities powers to force testing, treatment and quarantine with the backing of the police.
Indebted companies are feeling pressure as funding markets dry up.
We’re likely not looking at a full recession like 2008, but global economies will reset amid the coronavirus pandemic.
The RMB took a 20% hit. The Chinese government put an 175 billion liquidity injection into the markets. (600 million RMB had been destroyed due to Coronavirus existing on the bills.)
Edmond Bugos, gold analyst at the Dollar Vigilante, was kind enough to answer our questions. Thank you to Ed for his insightful, Austrian-minded look at current events and the gold market. Bugos talks geopolitical tensions in the Middle East, and how those might play out, as well as the implications there for gold. He also discusses how Bitcoin has been a boon for the precious metals market.
With the drone attack and news of Iran general Qasem Soleimani’s death, what could a destabilizing Middle East region mean for gold prices and why? What is unique today in 2020 about the relationship between gold and Middle East stability?
James Turk es uno de los nombres más reconocibles en dinero sólido. Su carrera comenzó en Chase Manhattan Bank con proyectos en Tailandia, Filipinas y Hong Kong. Posteriormente se convirtió en el gerente del Departamento de Productos Básicos de la Autoridad de Inversión de Abu Dhabi y desempeñó diversos roles de asesoramiento en la gestión del dinero.
James Turk is one of the most recognizable names in sound money. His career started at Chase Manhattan Bank with assignments in Thailand, the Philippines, and Hong Kong. He thereafter became the manager of the Commodity Department of the Abu Dhabi Investment Authority and held various advisory roles in money management.Read More
Central bank independence is dead, according to Foreign Policy, though the publication notes that the U.S. Congress has yet to get the message.
A recent survey demonstrates how 61 percent of former central bankers surveyed around the world believe central banks will become less independent in the future.
Federal Reserve Gov. Lael Brainard noted key risks associated with cryptocurrency on Wednesday, including Facebook Libra in particular.
The Board of Governors of the Federal Reserve member was speaking to the European Central Bank (ECB) colloqium in Frankfurt on “Monetary policy: the challenges ahead.”Read More
Businessman Gary Vaynerchuk thinks we should worry about our own [expletive] before economic collapse wipes us out. He’s known for dominating new media and, before that, for making his father’s New Jersey wine business, Wine Library, a leading purveyor of wine’s on the country by hosting a YouTube show where he tasted wines alongside odd meal choices like a bowl of Fruit Loops.
Francois Trahan, a strategist at UBS, has seen U.S. corporate debt increasing by more than 50% this past decade, standing now at nearly $10 trillion.
Such concerns could steal the show in 2020, he says. The slowing economic activity and a potential decline in corporate earnings could lead to debt downgrades for brands such as Amazon, 3M, and Walmart.
State Street today announced it would launch a new digital asset pilot with Gemini Trust Company, LLC, a cryptocurrency exchange and custodian launched by the Winklevoss twins.
The pilot explores reporting scenarios on a user’s holdings within Gemini Custody. The pilot reports holdings on two cryptocurrencies, which have been chosen for liquidity reasons. The pilot applied to holdings such as security tokens, too. Users can consolidate the reporting of their digital assets, which have been serviced by Gemini, an independent digital asset custodian, with traditional assets serviced by State Street.Read More
Former Federal Reserve Chairman Alan Greenspan issued his latest warning Tuesday about the fiscal situation in the U.S. He says the larger budget deficits ultimately will cause inflation.
The spending shortfall rose to just shy of $1 trillion in fiscal 2019. Greenspan told CNBC that “inflation is inevitably going to rise,” posing larger threats to the economy.Read More
Silver prices are trading at $17.04, up 0.65% on the day.
That comes on the heels of the U.S. and China announced on Friday that a limited trade deal had been reached.
Yet, silver trails gold in terms of gains in 2019. While gold is almost up 15% in 2019. The 200 EMA is at 17.14, which is below resistance at 17.25. The 50-day EMA is 16.72.
Gold mining exploration in the Black Hills of South Dakota is a signal that the gold miners are becoming increasingly bullish.
According to the Rapid City Journal, five companies are currently drilling for gold in the mountainous region of the black hills from western South Dakota to Wyoming.
Gold prices could end the year at more than 15% higher – their biggest annual increase in nine years.
“Gold has seen considerable safe haven buying from investors concerned [over] low and negative yields in the bond market and fearing a possible downturn in equities,” said George Milling-Stanley, chief gold strategist at State Street Global Advisors. Gold exchange-traded funds have also been “feeling the benefit of strategic asset allocation type buying by institutions and individuals.”Read More