Prices increased year-over-year on a basket of goods and services by 8.5% in July. That figure is lower than the Dow Jones estimate of 8.7% raise YoY. However, the consumer price index (CPI) rose to 0.2% on a month-to-month (MoM) basis, slowing down the rate of inflation compared to June’s […]
2022 has been the year that many have us had dreaded and warned about for years. Overprinting of currency and record high debt have put the US and other countries in a rock and a hard place. Due to the government’s and central bank’s reaction to propping up the world […]
The London Metal Exchange will shutter its precious metals trading after operating for only five years. The London Metal Exchange is an exchange that offers forward and futures contracts, plus options on metals. Recently, the LME came under scrutiny by traders and the media for suspending trades on nickel. This was due […]
It’s no secret that the Kremlin has been a proponent of a gold-backed ruble. Now it appears they’re set to make it happen—but how? The central bank in Russia has fixed the value of the ruble to gold. This action follows the unwelcomed interventions by the U.S., the U.K., and […]
The deadline is fast approaching for Germany and other European countries to begin paying Russia in rubles instead of in euros for gas, a move that could have seismic consequences across the Eurozone economy. Unfortunately for Germany, its economy is hooked on cheap Russian natural gas. Nearly 50 percent of […]
