Do the Reserves of a Nation Matter Anymore?

The goldbugs spun the tail that China was going to save them by making gold $50,000-$100,000 an ounce because money, in their minds, has to be tangible. However, China’s $3 trillion-plus in foreign currency reserves was the biggest stockpile in … Continue reading

Latest Posts

Market Talk – May 8, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 148.97 points or 0.41% to 36,928.63 • Shanghai increased 9.33 points or 0.28% to 3,352.00 [...]
Read more

It is Not Always What it Seems

I have stated that the first WTC terrorists drew the Twin Towers with planes going into them in advance of 9/11. I have also said in conversations with Bill Kristol [...]
Read more