If you listen to financial pundits talking about the Federal Reserve and the current state of the markets you might hear this term mentioned:
“Demand destruction.”
What is it? And what does it mean for you and me?
We’ll first discuss the mainstream...
The yield on the 10-year bond recently fell below the rate paid by the Fed on bank reserves. That is, a bank gets paid more to lend to the Fed for a day than to lend to the Treasury for...
We were going through some old bitcoin articles and realized we had a draft of an article Keith wrote that we never published. Better late than never! We hope you enjoy.
Listen to the audio version of this article here.
The History...
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Last week the cryptocurrency exchange FTX, which was recently valued at $32 billion, imploded.
While the tragedy continues to play out, let’s summarize what has happened so far:
FTX is a...
Our present moment is precarious. Like it or not—we don’t—we live in the age of Central Banks. And as we witness, and alas participate in, the global drama to create or destroy wealth, there is a great and tragic irony...
How to Destroy a Pension Fund in 22 Easy Steps
CEO of Monetary Metals Keith Weiner gave a talk at the New Orleans Investment Conference on how to build and destroy a pension fund system in 22 easy steps. If you’d...
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Consumer prices have been on a tear, since early last year. Right now, the Consumer Price Index (CPI) is rising at more than 8% per year.
Source: St Louis Federal Reserve
Conventional thinking calls...
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Since our last silver article, the price of silver has dropped. With due respect to Frederic Bastiat, the price is the seen. The basis mostly goes unseen. We will take a look...
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The price of silver hit a peak over $26.50 on March 8. It spent about a month and a half breaking down, and then the bottom fell out. It’s currently down from...
Listen to the audio version of this article here.
Something has happened which has not occurred since 2009. The silver basis—our measure of abundance of the metal to the market—has gone way under the gold basis. This means silver is less...
