Those who focus on the U.S. national debt (and I’m one of them) keep wondering how long this debt levitation act can go on. The U.S. debt-to-GDP ratio is at the highest level in history (106%), with the exception of the immediate aftermath of the Second World War. At least in 1945, the U.S. had
Those who focus on the U.S. national debt (and I’m one of them) keep wondering how long this debt levitation act can go on. The U.S. debt-to-GDP ratio is at the highest level in history (106%), with the exception of the immediate aftermath of the Second World War. At least in 1945, the U.S.
Generally speaking, well-managed gold mining operations have never had much difficulty getting the dollars needed to begin and sustain their efforts. Gold is highly liquid and easily turned into cash, so getting cash loans by pledging future gold production is a straightforward financing technique. But nothing is ever quite so simple in Zimbabwe. The
Most of the attention regarding the decline of the U.S. dollar as a global reserve currency has been focused on Russia and China and their vast accumulations of gold. Neither the Russian ruble nor the Chinese yuan is ready to perform a reserve currency role due to the lack of rule of law and
June 23, 2016, was a historic day. That’s the day the U.K. voted in a referendum to leave the EU, the so-called “Brexit” vote. Since then, the U.K. leadership under Prime Minister Theresa May has been negotiating with EU officials on the exact terms of the Brexit. Some of the issues in play include
Investors are well acquainted with the annual U.S. budget deficit and the national debt that accumulates from a succession of deficits. The U.S. budget deficit under Trump is approaching $1 trillion per year, similar to what we saw in 2010 and 2011 under Obama. This is the result of tax cuts (that don’t “pay
