Free Republic

Expectations for Trump’s meeting with Putin in Alaska have been downplayed but diverted attention from a stalling US and global economy. Any independent observer will note that the outlook for the dollar is deteriorating, credit risk rising, and a debt trap is being sprung on the US Treasury. Tonight’s Alaska circus is a diversion from this reality. Gold and silver continued to consolidate earlier gains this week, but the market underneath continues to tighten. In European morning trade today gold was $3340, down $60 from last Friday’s close, and silver was $37.90, down 40 cents. Comex volumes in both contracts...

In the wake of the FedÂ’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of importing industrial materials to a more aggressive stance. In examining the rationale behind this move, this article concludes that while there are sound geopolitical reasons behind it the monetary effect will be to drive down the dollarÂ’s purchasing power, and that this is already happening. More recently, a veiled threat has emerged that China could dump all her US Treasury and agency bonds if the relationship with America deteriorates further. This appears...