Trust, But Verify: Central Banks, the Fed & the $40 Trillion Debt.
Trust, but verify. This week, Rich Jacoby, founder of GoldenCrest Metals and a former LAPD officer, ignores what Washington and Wall Street say and looks at what the big money is actually doing.
In this episode:
- The Fed holds rates steady, but two members wanted to raise them right away, and the chairman says inflation is too high.
- Your 2027 Social Security raise (3.6%) vs. 3.7% inflation and higher Medicare premiums.
- Central banks buying gold at more than four times their old pace, China's 23-month buying streak, and why some countries are moving their gold home from the New York Fed…
The skinny
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