by irdadmin | Apr 15, 2023 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
Most people mistake rising prices for inflation. Inflation occurs when a Central Bank creates money at a rate in excess of the rate of wealth creation that theoretically “backs” the additional currency. Simply stated, the ratio of additional money supply...
by irdadmin | May 31, 2019 | Financial Markets, Gold, Housing Market, Market Manipulation, U.S. Economy
Trump’s trade advisor, Peter Navarro, was on CNBC today asserting that the economy was expanding at an unprecedented rate. Either Navarro is tragically ignorant or an egregious liar. Either way he looks like an idiot to those us who study the real numbers and...
by irdadmin | Oct 17, 2018 | Financial Markets, Market Manipulation, U.S. Economy
A colleague/friend asked today how I thought the “FANG saga” would end. I replied that I don’t know about GOOG and FB, but AMZN is maybe worth $50/share as it burns cash every quarter despite manufacturing GAAP “net income” so it’s...
by irdadmin | Sep 27, 2016 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
It is what it is – and what “IT” is, is that we’re living in the vision of the future laid out by George Orwell 70 years ago. The markets are rigged, elections are rigged; Congress is completely owned by wealthy corporations and individuals;...
by irdadmin | Mar 17, 2016 | Financial Markets
Valeant stock is down another 10% today. I’m wondering if some of the Wall Street Journal writers are reading this blog because the WSJ published an article late yesterday in which it reported that VRX could be forced to write-down its goodwill. I published an...
