Corsi Nation

DrCorsi Banner

1.16.19 - Why Sanders' $15 Minimum Wage Is Irrelevant

Gold last traded at $1,293 an ounce. Silver at $15.63 an ounce.

NEWS SUMMARY: Precious metal prices rose Wednesday on safe-haven buying and a flat dollar. U.S. stocks rose as investors cheered strong quarterly earnings from major banks like Goldman Sachs and Bank of America.

 

 

 

As Venezuela Dollarizes, Monetarism's Conceit Collapses -Tamny/Real Clear Markets

Written by Staff Writer
0
0
0
s2sdefault

graph 3078539 640"No matter what economists tell you, money isn't wealth. Wealth can't be printed. It's in fact what we create. Money is just an agreement about value that producers use to facilitate the exchange of what they've produced for what they want and need....Which brings us to Venezuela...the dollar is replacing the bolivar.

Inflation Nightmare in Socialist Venezuela

Written by Staff Writer
0
0
0
s2sdefault

Craig R. Smith/SATC
wallet 908569 640"Imagine watching your life savings of 1,000,000 bolivar notes instantly shrink to just 10 bolivars! The hyperinflation, collapse in economic activity, and lack of public goods and affordable food in socialist Venezuela are now causing a huge migration into neighboring countries. This government-created famine is occurring right now and the America media have mostly ignored the story....

Check Out The Price Of Gold In Venezuela

Written by Editor-in-Chief
0
0
0
s2sdefault

Gold In Venezuela"Prices in Venezuela are doubling roughly every 18 days. The International Monetary Fund (IMF) now projects inflation to hit an astronomical 1 million percent by the end of this year. This puts the beleaguered Latin American country on the same slippery path as Zimbabwe a decade ago and Germany in the 1920s, when a wheelbarrow full of marks was barely enough to get you a loaf of bread. Venezuela’s socialist president Nicolas Maduro - who only this past weekend survived an assassination attempt involving several explosive-laden drones - announced recently that the country plans to rein in hyperinflation by lopping off five zeroes from its currency....So where does this put gold?

Is a Financial Crisis Inevitable?

Written by Staff Writer
0
0
0
s2sdefault

financial crisis 544944 640Is a Financial Crisis Inevitable? -Poulson/Merrifield/American Spectator
"Assuming the recent tax cuts and spending increases are maintained over the forecasted period, CBO estimates the amount of debt held by the public will equate to the national income over the next decade. Even more ominous, CBO predicts the national debt will eventually be more than double the national income, in just 30 years. This debt level would be unprecedented, exceeding heights reached during the Great Depression and World War II. It should come as no great revelation that CBO concludes this is not sustainable.