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Just How Bad Is the US Cost-of-Living Squeeze? We Did the Math (Bloomberg)

(full article in first reply below)

After years of inflation, US consumers are shouldering a burden unlike anything seen in decades — even as the pace of price increases has slowed.

It now requires…
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https://t.co/wL0ZKVlzRy

Gold up, dollar down:

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Peter Schiff, founder of Schiff Gold and Chief Market Strategist of Euro Pacific Asset Management, who says the macro environment resembles 2007, right before the 2008 financial crisis. Schiff warns that it will be worse this time than the 2008 downfall, adding that the Federal Reserve will have to choose between a massive financial collapse or sacrificing the U.S. dollar. He also discusses the depth of the U.S. debt spiral and gives his gold price outlook.

Ogee wrote: Fri Dec 01, 2023 6:02 pm

Shoot I didn't even know that lol so I looked into it and it's very true - the only other time Americans had to chip in tax was in 1862 for the Civil War but after 10 years that was stopped

boytoy wrote: Fri Dec 01, 2023 6:24 pm Shoot I didn't even know that lol so I looked into it and it's very true - the only other time Americans had to chip in tax was in 1862 for the Civil War but after 10 years that was stopped

Same in Britain;

News Next Week;




Big corporations leaving Germany due to high energy costs.
Controlled Collapse: GERMANY IS DE-INDUSTRIALIZING

Gold major jump on open then gap fill. China continues to be a major buyer and rumour China wants to back it's currency with gold.