Gold And Silver: Silver Up 10% On Friday, Gold Outperforming Stock Market Over Last 30 Years (Silver Hit $79.2708!)

Gold and silver. Gold is now outperforming the Stock Market over the last 30 years.

Silver is up 10% on Friday.

Silver (XAG) just hit the $79.2708 price point.

Dino’s song. A shout-out to David Freiberg on the Gibson SG bass and John Cipollina on the Gibson SG guitar. I love the Gibson SG!

Federal Gov’t Having A Party! Fed Printed 43.2% More Money Since Covid (While The Federal Government Borrowed 56% More Money)

The Federal government is having a party! A spending party requiring massive growth in Federal borrowing AND Fed M2 money printing.

Federal borrowing has increased by 56% since Covid in 2020. And Fed M2 Money increased by 43.2% since Covid outbreak.

M2 money velocity (GDP/M2) is now at 1.392.

As of Q2, interest payments on the national debt exceeds spending on defense.

Despite being shut down by Democrats and Chucky Schumer, The Federal government and Federal Reserve continue to borrow and print money like crazy.

Whip It! Recession Warning May Prompt The Fed Into Action (Debt Stress Is Mounting, Recession Warning!)

The Fed will have to whip it good with rate cuts if the recession warnings are an indicator of what lies ahead for the US economy.

The ratio of The Conference Board’s Leading Economic Indicators (LEI) vs. The Conference Board’s Coincident Economic Index (CEI) ratio hasn’t been this low since 2008.

Fed Funds Futures are signalling rate cuts at the September 17th FOMC meeting and December 10th meetings.

On the crypto front, Ethereum is soaring.

Debt stress is mounting!

Gov’t Gone Wild! Bitcoin And Ethereum Soars As Central Banks Keep On Printing Money

Keep on printing is the song of The Federal Reserve. But its the same all over the world as global central banks are printing zads of money too.

Bitcoin keeps on growing in price as global M2 Money supply keeps on growing.

And the same is true for ethereum. It keeps growing as M2 Money keeps growing.

It is another example of government gone wild!

Silver Cup? Silver, Money, Debt, And The Decline Of The US Dollar

We got silver?

Tavi Costa at Crescat Capital (founded by my former MBA student at University of Chicago Kevin Smith) produced this excellent chart of silver prices showing the cup and handle of silver prices.

The rise in silver prices corresponds with a deterioration of the US bond market. Look at Treasury futures courtesy of Bravos Research.

Of course, Washington DC’s insane spending has led to insane money printing by The Feral Reserve.

Everyone in Washington DC deserves a “Silver Cup of Failure” for uncontrolled government waste and spending and mismanagement by The Feral Reserve.

Gov’t Gone Wild! Purchasing Power Of US Dollar Declined 97% Since 1915, US Debt Up 317% Since Jan 2009 (M2 Money Up 210% Since Jan 2009)

It’s Gov’t Gone Wild! That includes The House, Senate, President and Federal Reserve.

The purchasing power of the US Dollar was $1004.4 on 1915-03-01. By 2025-05-01, the purchasing power fell to $31.1, a loss of 97%. Public debt since the last year of GW Bush, Obama/Biden (with a brief hiatus with Trump) rose 317% since January 2009.

M2 Money printing grew 210% since January 2009.

The music??

M2 Money Grew 34% Since Covid Outbreak In 2020 (At Least M2 Velocity Is Growing Again)

Covid, the gift that keeps on giving. Government spending grew enormously with Covid in 2020. As a result, M2 Money has grown 34% just since 2020.

At least M2 Velocity is growing again.

Keep on printing?

Bits And Pieces? US Household Net Worth Fell By -0.93% In Q1 2025 As Bitcoin Falls Below 100k

The housing markets is in bits and pieces following The Fed’s fickle management of interest rates and Biden’s disastrous spending policies. U.S. household net worth fell by 0.93% in 1Q2025 … largest decline since 3Q2022, but not necessarily comparable to that quarter in terms of magnitude.

Bitcoin just broke below $100k.

What will The Fed? As I have said over and over again, The Fed needs to cut rates.

Those Were The Days? Atlanta Fed GDP Q2 Now At 3.8% (Fed Rate Cut Looks Unlikely)

The dismal days of Biden/Harris/Yellen are gone. Although Chuck Schumer, Nancy Pelosi, Hakeem Jeffries and my in-laws are all singing “Those Were The Days.” Of immense government corruption and waste.

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 3.8 percent on June 5, down from 4.6 percent on June 2. After recent releases from the US Census Bureau, the US Bureau of Economic Analysis, and the Institute for Supply Management, the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 4.0 percent and 0.5 percent, respectively, to 2.6 percent and -2.2 percent, while the nowcast of the contribution of net exports to annualized second-quarter real GDP growth increased from 1.36 percentage points to 2.01 percentage points.