Oil production from Alaska hit a 40-year low last year, partially due to the pandemic shutdown and low oil prices. However, Alaskan oil production has been steadily declining since its peak in 1988. At one time, Alaska was producing 25% of U.S. oil production. Although, last year, Alaskan oil production…
This is an important economic update because most analysts continue to believe we are heading towards massive inflation and much higher broader stock indexes. While we could see the markets move higher, certain forces are now getting ready to pull down the major stock indexes and commodity prices…
If we thought the shortages of semiconductors were causing havoc on many sectors of the global economy, now it’s a shortage of plastic. Since the pandemic shutdowns, the global economy is still struggling to get back to some sort of normalcy, it that is ever possible again. According to the plastic industry…
It seems that Bitcoin is finally ready for its inevitable and major correction. How far can it fall? How fast can it reach its price bottom? In this video update, we look at some charts and try to predict what’s going to happen to the crypto market in the following couple of months.
As the central banks added a record amount of debt and monetary stimulus last year, the country with the largest silver investment demand was the United States. Not only did the U.S. enjoy the number one spot for silver investment, but demand also surged by 70% compared to 2019. Also, Americans purchased…
The world’s economies added an obscene amount of debt last year just to keep the entire system from imploding. Actually, the amount of debt that the world added last year accounted for nearly a third of global GDP. Just think about that for a minute. Without the massive debt increase, global GDP would have…