U.S. government faces third largest deficit of 2021 in July

The July budget deficit was $ 302.05 billion. This figure was surpassed only by the figures for February ($ 310 billion) and March ($ 600 billion). There are 2 months left before the end of the fiscal year, and according to the latest Treasury report, the deficit for the year is $ 2.54 trillion. Amounts … Read moreU.S. government faces third largest deficit of 2021 in July

Big Trick for a Small Coin: John Jay Pittman’s Legendary Trading Strategy

In the end, being overly obvious can leave the buyer vulnerable to competitors who can inflate the price by outbidding them. In some cases, bidders agreed with the auctioneer for special cues prior to selling, including subtle movements such as flicking a pen or raising an eyebrow. Applicants usually used little tricks to get important … Read moreBig Trick for a Small Coin: John Jay Pittman’s Legendary Trading Strategy

Gold rally amid slowing inflation: what’s going on?

Inflation eased slightly in July but remained alarmingly high. According to the latest BLS inflation report, the CPI rose 0.5% in July after rising 0.9% in June. The core CPI, which excludes food and energy, also softened, adding 0.3% in July after rising 0.9% in June. The slowdown was mainly driven by a much smaller … Read moreGold rally amid slowing inflation: what’s going on?

Understanding Bitcoin and Gold

The Senate recently approved a $ 1 trillion infrastructure bill that has gone to the House of Representatives. It is hoped that in consideration, legislators will amend a clause that sets new tax reporting requirements for the cryptocurrency industry. In particular, the law will require cryptocurrency “brokers” to disclose the names and addresses of their … Read moreUnderstanding Bitcoin and Gold

What trick did Sly Dicky do 50 years ago?

Sly Dicky’s disaster Richard “Sly Dicky” Nixon, on the advice of Milton’s “Free Choice” Friedman, decided to end the convertibility of gold. He claimed that this was temporary, but his edict was a shameful default on the part of the US government. My God, I wish that we, the people, did not grant such power … Read moreWhat trick did Sly Dicky do 50 years ago?