The percentage of US dollars held as currency reserves globally dropped to the lowest level in nearly six years in the second quarter of 2019 according to the latest IMF data. Meanwhile, Chinese yuan made up the biggest percentage of reserves ever. The dollar’s shrinking share of global reserves comes […]

Peter Schiff has been saying that the Federal Reserve is going to take interest rates back to zero and launch another round of quantitative easing in order to reinflate the bubble economy after the next crash. The central bank successfully pulled this off after the 2008 crisis. By dropping rates […]

Gold is a chemical element, symbol Au, atomic number 79 and atomic weight 196.967. Certainly, gold is classified as heavy and noble metal; In commerce, it is the most common of precious metals. The source of the chemical symbol, Au, is its name in Latin aurum (radiant dawn). It should […]

Mark Joseph Carney is an Anglo-Canadian economist who currently holds the position of Governor of the Bank of England and president of the G20 Financial Stability Council. Carney was previously the Governor of the Bank of Canada and began his career at Goldman Sachs to join the Canadian Ministry of […]

An important fact to mention is that last week we received the updated numbers of the federal budget deficit. With $ 867 billion, the budget deficit for the fiscal year 2019 has already overshadowed last year’s deficit of $ 779 billion. There is no doubt that spending is out of […]