_{ECONOMIC NEW}

The Coming Surge(s) of Inflation

Inflation often unfolds in waves over time, not as a single event. Using the 1970s inflation as a comparison, the article explains how policymakers' efforts to combat rising prices often fail or provide temporary relief. Despite recent improvements, underlying problems in the U.S. economy remain unresolved, and further waves of inflation seem inevitable. Unlike the 1970s, today’s higher federal debt limits the Fed's options to hike interest rates to fight inflation, potentially worsening the situation. Gold, which preserved wealth during the 1970s stagflation, is highlighted as a key asset to protect against devaluation today, as the Fed has fewer tools to combat inflation effectively. Read More. 

_{FINANCIAL NEWS}

This Is What Will Bring Down the Dollar

Janet Yellen's speech at the 2024 U.S. Treasury Market Conference focused on risks to the banking system and U.S. Treasury debt. In an interview before the speech, Yellen hinted at concerns about a potential difficult presidential transition involving Donald Trump. Critics argue that Yellen was using the Treasury's platform to frame Trump as a threat to the financial system, echoing the Biden administration's broader political strategy.

Meanwhile, Yellen’s actions—particularly her attempts to confiscate $300 billion in Russian Treasury assets—are seen as fueling efforts by BRICS countries (Brazil, Russia, India, China, and South Africa) to move toward a new currency linked to gold, challenging the dominance of the U.S. dollar. The BRICS summit in October is expected to announce new members and progress on a payment currency that could eventually rival the dollar.

While the BRICS currency won't replace the dollar overnight, Yellen’s actions are pushing global powers away from the U.S. financial system and toward alternatives like gold, which remains a secure asset amidst increasing global uncertainty. Read More.