What Biden’s Big Infrastructure Push Means for Silver
By Stefan Gleason
The federal government is spending and redistributing newly created cash so rapidly, it’s becoming difficult to keep track of which trillions are going where.
This week, President Joe Biden will pitch a $3 trillion “green” infrastructure package. That’s on top of the $1.9 trillion economic “relief” bill he recently signed into law.
Next month, Biden is expected to roll out plans for additional trillions to be spent on healthcare, education, housing, and more.
Republicans in Congress may object to some of the proposed spending. But they have a lousy track record – even during times when they were the majority – when it comes to actually reining in federal outlays.
Infrastructure spending is likely to garner some bipartisan support.
Cryptocurrency Investing in 2021
Why Invest In Gold & Silver, If The Price Is Manipulated? - Steve Penny
The Purest Gold Bullion in the World + Where’s the Silver? | Andy Schectman
Non-fungible token madness
By Daniel Creech
If you haven’t had your fill of madness yet this week, here’s some more…
The guy who kicked former President Trump off Twitter just sold a Tweet for over $2.5 million.
Let me explain.
This week, Twitter CEO Jack Dorsey sold the first-ever tweet (from March 2006) as a non-fungible token (NFT). An NFT is a unique asset that has a digital stamp (certificate) to prove it’s on the blockchain.
What did this valuable tweet say, or what wisdom did it spread?
Covid Caused Massive Money Printing Like Never Before – Nick Barisheff
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
Nick Barisheff, CEO of Bullion Management Group (BMG), is seeing an explosion of money printing in America and around the world. Barisheff wrote a book in 2013 that predicted “$10,000 Gold” (per ounce). Back then, the official U.S. federal debt was around $17 trillion. Now, it’s $30 trillion. Barisheff says his soon-to-be released follow-up book is going to be called “$50,000 Gold” as the U.S. now has tens of trillions of dollars in commitments, debt and off-book unaccounted for money. Barisheff says, “Based on the amount of debt that is there, the current gold price should be at $3,000 (per ounce) and not $1,700, and it’s going to keep rising.”
Powell in WSJ Op-ed: “I Truly Believe that We [the Rich] Will Emerge from this Crisis Stronger and Better, as We [the Rich] Have Done so Often Before”
Gimme a break, will ya? Wherein I rant, supported by the Fed’s own data.
By Wolf Richter for WOLF STREET.
In an op-ed today in the Wall Street Journal, Fed Chair Jerome Powell rationalized and defended the Fed’s ultra-radical, previously unthinkably monstrous, and super-fast bailout of asset holders starting a year ago, when within three months the Fed created $3 trillion and purchased assets with them, and created the biggest media hoopla about those purchases and many more trillions in future purchases, in order to inflate asset prices further, and make asset holders immensely rich.
Absolutely Original, Blockchain Secured, Digital Art Only $69 Million
Pharma Giant Jazz Makes $7.2 Billion Offer to Buy Cannabis Company
By William Mikula
On February 3, a $7.2 billion transaction forever changed the implications for one industry we’ve been following closely.
As longtime Daily readers know, we’ve been tracking the legal cannabis megatrend since 2019. We’ve covered all facets from cultivation… to recreational legalization… to cannabis-infused products… and even the medicinal aspect of the plant.
The last point is what I want to focus on… Because it just got a huge boost.
Today, I’ll tell you how you can ride this trend. But first, a little background…
The “Bros” Are Preparing Their Next Attack
By James Rickards
Most investors have heard of the GameStop frenzy. GameStop is a brick-and-mortar retail outlet for video games, equipment and accessories.
It has long been considered a dying company by Wall Street because it does not have a strong online presence. It seemed to be headed in the same direction as Blockbuster after Netflix arrived with a streaming model for movie rentals to replace Blockbuster’s model of drive-to locations with physical VHS cassettes and DVDs.
GameStop was heavily shorted. Then along came the Bros!
The Melt Up Will End in 2021
By Steve Sjuggerud
The Melt Down is coming, my friend... Unfortunately, it will arrive this year.
Before you get bent out of shape with me for urging caution at the precise moment when things seem like they're getting really good, please keep this in mind...
I have been bullish – and right – on the stock market for nearly all of the last 12 years.
I am proud of that. But it's also why it pains me to tell you that the last 12 years of (mostly) good times for investors will likely end this year. (Nobody can know the future of course, but that is my prediction.)
I don't want to see that happen. But my years of experience tell me it's coming – and I want you to be ready.
NFTs Join the “Everything Bubble”
BY JOHN RUBINO
So bonds are obviously a bubble. And stocks have never been this overvalued. US houses have never been this expensive. Cryptos have had the greatest run in financial history. And the global money supply is soaring while most fiat currencies more-or-less hold their official value, which is another way of defining a bubble.
Guess that’s it then. The “everything bubble” really does include everything.
Wait, no. A new, even stranger bubble has suddenly joined the list. Digital assets called non-fungible tokens, or NFTs, are now attracting ludicrous amounts of hot money for things of seemingly dubious value. Just yesterday, for instance:
The Federal Reserve’s stance on inflation
Welcome to the Wave of Inflation into 2024
We still see that this cycle into 2024 will be one of inflation. Our computer has projected that this inflationary cycle would be one based on shortages. True, that that $1.9 trillion bill is just a Democrat’s wish-list. The $1,400 checks are for about 100 million. The fact that 70% of Americans approve of this and assume they are getting $1,400 checks, that is only 0.013571429% of the total bill. The fact that they would not even make it $2,000 shows that this is all about just their wish list for things that have nothing to do with COVID.
Many governments have been engaging in Quantitative Easing since 2014 with negative rates in Europe, but people have been hoarding cash rather than spending it. Worse still, they have been increasing tax enforcement and shutting down tax-havens and this has led to the deflationary wave which our model shows bottomed in January 2020.