Monday, March 27, 2023
HomeSurvivalRising Interest Rates. Russia And China: "New Global Reserve Currency".

Rising Interest Rates. Russia And China: “New Global Reserve Currency”.

Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at rising interest rates.

Precious Metals:

Video interview: The Fed will ‘abandon’ tightening, causing gold to soar higher – Rich Checkan.

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Goldcore: When Rock Begins to Beat Paper.

Economy & Finance:

Europe’s central bank backs larger-than-expected rate hike. JWR’s Comments: I can foresee that the European Union nations and the English-speaking nations are likely to get into a cycle of one-upmanship in raising interest rates. The rates that we will experience may be quite similar to those of the late 1970s and early 1980s. Why all the pain?  Because experience has shown that the only way to stop inflation is to make interest rates match the inflation rate. And by that, I mean the real inflation rate — not the lower official statistic. Raising the cost of borrowing money that high will surely trigger a deep recession. So, get ready for stagflation, folks!

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America Just Bailed Out A Bunch Of Pensions At The Taxpayers’ Expense.

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Federal Reserve may go easy after 75 basis-point rate hike next week.

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At Zero Hedge: “We Decided To Stop Paying”: China’s Mortgage Payment Boycott Spreads As Property Suppliers Refuse To Pay Their Bills.


A new policy paper: Resilience for the future: The UK’s critical minerals strategy.

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OilPrice News reports: Putin Calls Saudi Crown Prince To Discuss Oil Market, OPEC+.

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A coming copper shortage could derail the energy transition, report finds. (Thanks to reader Sean B. for the  link.)

Inflation Watch:

Here’s How Much the Average Worker has Lost in Wages from Inflation Under Biden.

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Reader H.L. sent this one: UK Inflation rises yet again as house prices continue to soar.

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In a Struggling Economy With Soaring Inflation, Dollar Stores Are Winning.

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The World Bank: Food Security Update.

Forex & Cryptos:

Wall Street Week Ahead: Strong dollar looms over U.S. earnings season.

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Russia And China Officially Announce A “New Global Reserve Currency”.

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At the Free Though Project: US Treasury Just Published a Working Paper Pushing for Central Bank Digital Currency to Counter ‘Bank Runs’.

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Tesla Sold 75 Percent of Bitcoin Holdings to Boost ‘Overall Liquidity’.

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From blog reader C.B.: Feds: First cryptocurrency insider trading case snares three.

Tangibles Investing:

These are the 10 cities seeing the most price cuts for homes.

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I noticed that Palmetto State Armory (one of our affiliate advertisers) is running a special on Gen 2 AR-15  30-round PMAGs, at $12.30 each.  With a Federal magazine ban looming, this is good time to stack them deep! I stand by my prediction that magazine prices will triple, if this ban is enacted.  It will have a grandfather clause but no sunset clause!


SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos page for our detailed disclaimers.

News Tips:

Please send your economics and investing news tips to JWR. (Either via e-mail or via our Contact form.) These are often especially relevant because they come from folks who closely watch specific markets. If you spot any news that would be of interest to SurvivalBlog readers, then please send it in. News items from local news outlets that are missed by the news wire services are especially appreciated. And it need not be only about commodities and precious metals. Thanks!

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