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Tune into GoldCore TV where we have just released the full, frank and direct interview with Dr. Marc Faber of the Gloom, Boom, Doom Report in a no-holds barred interview. Following on from the excerpts shown on last week’s The M3 Report we have today released the full interview with the highly-respected veteran of the investment space. Dr. Faber chats inflation, the downfall of central bankers and the war against Putin. Also, find out what the best advice he ever...

Sweden’s rent control is widely touted by many who don’t understand economics as a model for how a property market should work. Young people in Ireland, for example, like to point to Sweden as a nirvana where rent control ensures easy availability of affordable and high-quality rental stock. I was once told by a young work colleague with strong socialist tendencies that they could move to Stockholm and get a high-spec modern apartment for a mere pittance compared to...

Part II of II, by Claudio Grass, Hünenberg See, Switzerland “Reverse currency wars”? Although the parity event may have captured the attention of the mainstream financial press and most western citizens, there’s a much bigger shift that has been going on in the background, which received much less coverage. We are all familiar with the concept of a currency war. In essence, it is basically one of the most crude examples of governments colluding with their central...

Overview: The biggest rally in the S&P 500 in three weeks helped lift global equities today. The MSCI Asia Pacific index rose for the third consecutive session, the longest streak this month. Europe’s Stoxx 600 is up for a fourth day and is at its best level since mid-June. US futures are firmer. The rally in equities has not spurred a rise in rates. The US 10-year yield is back below 3%, and European benchmark yields are mostly 5-8 bp lower, though signs that a...

Waste is not growth, and neither are the unlimited expansion of debt and speculative bubbles. The financial punditry is whipping itself into a frenzy about a Federal Reserve “policy error,” which is code for “if the music finally stops, we’re doomed!” In other words, any policy which reduces the flow of juice sluicing through the sewage pipes of the financial system (credit, leverage and liquidity–the essential mechanisms of financialization and globalization)...

Since the beginning of 401(k) plans in 1978, people have considered it to be the quintessential retirement plan—you get to save money before taxes and in most cases, the company puts money into your account, too. What could be better than that? But now, 44 years later, it’s time to take a broader look at 401(k)s that considers taxes on 401(k) distributions. 401(k)s certainly have a place in your investment plan. Most employers offer some kind of match up to a...

By now, most everyone knows about President Biden’s famous “fist bump” with Crown Prince Mohammed bin Salman, the Saudi dictator who has been accused of orchestrating the brutal murder of Washington Post columnist Jamal Khashoggi when he visited a Saudi consulate in Turkey. The fist bump took place during Biden’s trip to Saudi Arabia to meet with bin Salman. Biden supporters claim that meeting dictators is sometimes a necessary part of being president. Since Saudi...

In the early morning of July 6th, an explosion damaged a monument in Georgia known as the Georgia Guidestones. Because of the damage, the rest of the monument was demolished for safety reasons. The stones were erected by anonymous donors in 1980 and list ten principles for humanity. At the time of writing, it seems that the explosion was the result of purposeful sabotage. Writing at Marginal Revolution, Alex Tabarrok compares the willful destruction of the monument...

The dollar rose this week, from 17.87mg gold to 18.24mg (that’s “gold fell from $1,740 to $1,705” in DollarSpeak), a gain of 2.1%. In silver terms, it rose from 1.61g to 1.67g (in DollarSpeak, “silver dropped from $19.24 to $18.64), or 3.7%. As always, we want to look past the market price action. Two explanations are hot today. Let’s look at them first, before moving on to our unique analysis of the basis. JP Morgan and Motte and Bailey JP Morgan’s manipulation of...

Overview: The dollar’s downside correction continues today, helped by hawkish signals from the Reserve Bank of Australia and unnamed sources who have played up the chances of a 50 bp hike by the European Central Bank on Thursday. Asia Pacific equities were mixed, and mostly lower after the losses in the US yesterday. The prospect of a more aggressive ECB is weighing on European equities. The Stoxx 600 is slightly lower after rallying 2.7% in the past two sessions....