Day: January 29, 2025

President Trump said “interest rates will drop immediately.” Chairman Powell: “I am not going to have any response or comment whatsoever on what the President said. It’s not appropriate for me to do so.”Next candidate to be fired?😁

President Trump said “interest rates will drop immediately.” Chairman Powell: “I am not going to have any response or comment whatsoever on what the President said. It’s not appropriate for me to do so.” submitted by /u/glira31 [link] [comments]

TKL: Gold is telling us something – Amid the DeepSeek volatility, gold quietly hit a record high this week, now up +35% in 12 months. Today, gold prices are surging toward $2,800/oz with YTD gains nearly DOUBLING the S&P 500’s return. What is happening with gold?

Gold prices have risen in a straight-line higher, even as volatility shook the S&P 500. In fact, even as the US Dollar hit a new 52-week high and the 10-year note yield broke 4.80%, gold surged. Historically speaking, gold should be down sharply. The opposite is happening. https://preview.redd.it/x3ksli5d6xfe1.png?width=740&format=png&auto=webp&s=fa62c8651ab808183846ada13afb241425443d47 The last 12 months have been exceptionally strong for both the 10-year note yield and the US Dollar, $DXY. Meanwhile, gold has gained 5 TIMES the return of $DXY and soared with interest rates. Gold is a zero-yield asset which historically FALLS in high rate environments. https://preview.redd.it/qye31cdg6xfe1.png?width=740&format=png&auto=webp&s=87aa9a1687f13aba1db66632efe8a4c1557c6f84 As seen in this chart from 2016, the US Dollar, $DXY, and Gold typically move inversely. A stronger US Dollar makes buying gold more expensive for foreign investors. Even with inverse indicators rising, gold continues to make record highs. Gold is pricing-in uncertainty. https://preview.redd.it/fuor2xbj6xfe1.png?width=660&format=png&auto=webp&s=afbb61b31595f7bc155476cccae47f374e89e8dd As China deals with deflation, the US deals with inflation and record deficit spending. Deficit spending has driven bond yields higher, due to the need to issue more government bonds. So, even with higher yields, gold is pricing in more inflation and a deficit spending crisis. https://preview.redd.it/jzdrn04l6xfe1.png?width=807&format=png&auto=webp&s=ce968b18a95d4fc4ccdc0ebc6e84a4a21dd67c6e Gold’s relative strength is only getting stronger as we approach tomorrow’s Fed meeting. Broader equity market volatility is pushing gold prices higher along with uncertainty around rates. Due to rising deficit spending, gold is becoming THE global safe haven trade. https://preview.redd.it/vkvjj8nn6xfe1.png?width=900&format=png&auto=webp&s=92034aeec27f6bd37474da007d0e3f604354d726 Furthermore, markets are pricing-in the trade war that has likely already begun. The Tax Foundation estimates that if 60% tariffs are imposed on China and 20% on everyone else, the average tariff rate will increase to 17.7%. Inflation would jump by ~0.5 percentage points. https://preview.redd.it/3yxatu6p6xfe1.png?width=900&format=png&auto=webp&s=5c14899c655275175995d04f3103a2e36549df27 Lastly, US money supply growth now at a fresh 27-month high. This has driven ALL commodities higher and added more fuel to the inflationary fire. And, if the US Dollar Index begins to finally pull back, foreign investment in gold is set to rise. https://preview.redd.it/tq9y6f7s6xfe1.png?width=900&format=png&auto=webp&s=3264ba801acc7bf1e5d3d1a59b956f1fdc6a1a1b 2024 marked the best year for gold since 2010. As seen below, inflation adjusted gold prices are now at levels now seen since the 1970s. We continue to watch gold as a leading indicator for the macroeconomy. https://preview.redd.it/l7an8vrv6xfe1.png?width=900&format=png&auto=webp&s=88a7d1d681d7959c1daa698a4c9b6b453aaff981 submitted by /u/XGramatik [link] [comments]

Musk and Visa launch “X Money Account” Elon Musk has agreed with Visa to create the “X Money Account,” which opens up new horizons for digital payments. It’s time to start wondering if this will be another attempt by Musk to participate in something that is not really necessary.

Musk and Visa launch “X Money Account” Elon Musk has agreed with Visa to create the “X Money Account,” which opens up new horizons for digital payments. It’s time to start wondering if this will be another attempt by Musk to participate in something that is not really necessary. submitted by /u/glira31 [link] [comments]

Neil Oliver eloquently exposes the modern banking system “Ponzi scheme” on daytime UK TV:

“Inflation is caused, always and only, by the printing of money… It’s a transparent attempt to disguise a Ponzi scheme… which is the conjuring into existence of money from nothing, which only banks are allowed to do.” “Every time they magic up more money… all they do is devalue any money you had in your pocket, or in savings. This is deliberate.” “Since the creation of the so-called Federal Reserve… the actual value of the dollar has fallen by at least 90%… Inflation is the invisible tax.” “Our government, everyone’s government… uses banks to put people into debt, and then continuously devalues the currency by creating more money, always out of nowhere, and so making it harder and harder… for anyone ever to be free of that debt.” “If all debt was repaid, all money would vanish.” Credit: thecoastguy submitted by /u/XGramatik [link] [comments]