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Economy, Precious Metals

“Central Banks And Unknown Buyers Are Scooping Up A Record Amount of Gold”

“EDITOR’S NOTE: If all you listen to is mainstream financial news, all you’ll hear about are the “fashionable” narratives that, though intriguing, may mean zilch at the end of the day. So, you heard about gold’s plunge in October in contrast to… Continue Reading…

Economy

“Long lines are back at US food banks as inflation hits high”

“…Inflation in the U.S. is at a 40-year high and gas prices have been surging since April 2020, with the average cost nationwide briefly hitting $5 a gallon in June. Rapidly rising rents and an end to federal COVID-19 relief have also taken a… Continue Reading…

Banking

“Microsoft Joins FDIC to Invest in Minority-Owned Banks”

“EDITOR NOTE: In a move inspired by the TV show ‘Shark Tank,’ the Federal Deposit Insurance Corp. (FDIC) is teaming up with Microsoft and Truist to offer a new investment fund that will help divert funds to minority-owned banks in… Continue Reading…

Banking

“Global banks brace for losses from Archegos fallout”

“Global banks may lose more than $6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, and regulators and investors fear the episode could reverberate more widely. Japan’s Nomura and… Continue Reading…