Gold prices reflect a shift in paradigm – Part I

Can You Price In No Longer Pricing Things In? By Michael Every of Rabobank At this point it isn’t a random walk but a determined march: markets have decided the Iran war and the Hormuz blockades are over, and everything is going to be better than normal imminently: the Nasdaq and S&P are at all-time highs and even worries over private credit are receding. In the real world, there are signs that back that stance and ones that say otherwise. Iran warned it could sink US ships in Hormuz if they police...

Nearly 70% Inflation, Mass Layoffs, And A Strangled Economy: Iran's Brutal Test Of Endurance Iran’s economy is undergoing one of the most brutal stress tests in its modern history. Official annual inflation has surged to 50% according to central bank figures released shortly after the ceasefire, while the year-on-year rate reached as high as 67% through mid-April, according to the Wall Street Journal. The rial has crashed to a record low of 1.8 million to the dollar, roughly two million workers have lost their jobs, and the US naval blockade of...

If one man may legally own another, then he should likewise have the right to disown this property. To deny this right by law involves simultaneously affirming the right of one human to own another as his property but not the right to stop owning another human.