Heck, why not? Other countries are now issuing long-term debt. Ireland and Belgium issued 100-year debt. Austria issued 70-year debt. Italy, France, and Spain issued 50-year debt. And Japan pushed out a 40-year maturity and is now considering 50 years. Mexico, believe it or not, has already issued three 100-year bonds since 2010. Britain’s U.K. Treasury has issued 40- to 50-year bonds sev... read more
The Federal Reserve hiked interest rates just two weeks ago for the second time in a decade, but it will soon be cutting them again, said Jim Rickards on Tuesday. Speaking to CNBC's Squawk Box, the director of The James Rickards Project said a stock market correction is coming as President-elect Donald Trump's economic stimulus plans will not pan out, causing a "head-on collision" between p... read more
Late on Friday, with the US population embracing the upcoming holidays and oblivious of most news emerging from the administration, Obama quietly signed into law the 2017 [4]National Defense Authorization Act (NDAA) which authorizes $611 billion for the military in 2017. In a statement, Obama said that Today, I have signed into law S. 2943, the “National Defense Authorization Act for Fisca... read more
James Rickards sees threats in many places. In his latest book, “The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis,” he paints a picture of how that crisis will unfold. He argues that rather than pumping the financial system with liquidity, as happened in 2008, “elites” will freeze the financial plumbing until the crisis has passed. That means banks wil... read more
With gold falling for the 7th straight week and the Dow nearing 20,000, below is an important look at the big picture for global markets, gold, silver, and the miners. – Overnight stock and bond markets saw small changes and were not worthy of any comment. As for the equity party here in America, the early going saw the indices very slightly red, as there has been a bit of a pause in th... read more
[Ed. Note: Jim Rickards latest New York Times best seller, The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis (claim your free copy here) goes beyond the election and prepares you for the next crisis] Now is the time to keep your eyes on the monetary endgame. Not the daily mark-to-market in paper gold. This endgame is an all-out attack on the status of the U.S.... read more
Asserting that the central banks in Europe and Japan will keep feeding excess liquidity to the world, Marc Faber believes that the US Fed is not expanding its asset base. While European Central Bank and Bank of Japan are doing so, flows out of Europe and Japan will lead to weakening of the euro and yen and strengthen the dollar, he said. The editor of Gloom Bloom & Doom Report told CNBC-TV1... read more