“The risk of over-tightening by the European Central Bank is nothing less than catastrophic” says Prof Kenneth Rogoff .
At Davos he also said: “Italy is extremely vulnerable. But this could pop anywhere. Global debt has gone up massively since the pandemic: public debt, corporate debt, everything.”
Rogoff believes that it is a miracle that the world averted a financial crisis in 2022, but the odds of a major accident are shortening as the delayed effects of past tightening feed through.
As Rogoff said: “We were very fortunate that we didn’t have a global systemic event in 2022, and we can count our blessings for that, but rates are still going higher and the risk keeps rising.”
But lurking in the murkiness is also the global financial assets/liabilities which is almost $500 trillion including the shadow banking system at 46% of the total. The shadow banking sector includes pension funds, hedge funds and other financial institutions which are largely unregulated.....More Below
https://goldswitzerland.com/as-west-debt-stocks-implode-east-gold-oil-will-explode/
The recently-released tranche of additional documents tied to Jeffrey Epstein include remarks by a woman identifying as one of the victims of the late disgraced financier and convicted sex trafficker, in which she refers to Donald Trump as a witness to the killing and disposal of the body of her infant.
The US Department of Justice released the documents numbering tens of thousands, which include FBI tips and complaints implicating Trump, on Wednesday.
Reports emerging on Friday across various outlets, including the UK edition of American online newspaper The International Business Times, pointed to inclusion in the documents of an FBI intake form dated March 3, 2020 recording a complaint from the unnamed woman.
The complainant said she had been trafficked at age 13 in the early 1980s and described an incident in 1984 involving the killing of her newborn child aboard a yacht in Mona Lake, Michigan.
According to the document, the woman said her uncle had carried out the killing and disposed of the ...
This year silver has been on the greatest bull run that we have ever seen. It is up an astounding 166 percent since January 1st, and so those that purchased it long ago and stuck with it are really loving life right now. When the price of silver reached the 50 dollar mark earlier this year, I thought that it would be some time before it hit the 60 dollar mark. But of course the truth is that it didn’t take long at all.
Once the price of silver reached 60 dollars, I thought that it might hit 70 dollars some time in early 2026. If you check the latest numbers, you will see that we have easily blown past that threshold, and the price of silver has already surpassed 80 dollars in Shanghai. I know that I have been using the word “crazy” a lot lately, but without a doubt what we are witnessing at this moment is truly “crazy”.
So why is this happening?
In a previous article, I discussed factors such as the AI boom, strong industrial demand, new technologies and a spike in demand for physical silver in Asia....
