Elderly Woman Cheated Out of $1 Million in Precious Metals by Scammers
Published: Friday, 19 April 2024 03:49 | 
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A 70-year-old woman from Carlsbad was scammed out of more than $1 million in gold and other precious metals, according to the San Diego federal prosecutors. The scam started with a pop-up message on her computer claiming she had been hacked. Believing her bank account information was compromised, she was deceived by a group posing as tech support who convinced her to download malicious software. This group has been charged with conspiracy to commit wire fraud.
Ray Dalio Recommends Gold as Shield Against Soaring Global Debt and Inflation
Published: Friday, 19 April 2024 03:46 | |
| Billionaire investor Ray Dalio advocates for owning gold as a strategic hedge against potential debt and inflation crises. Dalio, the founder of Bridgewater Associates, highlights the escalating global debt, notably mentioning the U.S. debt reaching an unprecedented $34 trillion. He warns of a looming U.S. debt crisis that could lead to a balance sheet recession, adversely affecting major economies like China, Japan, and Europe, and threatening the stability of their currencies.
Wall Street Watch: U.S. Regulators Set to Rein In Executive Bonuses Amid Financial Scrutiny
Published: Friday, 19 April 2024 03:34 | |
| U.S. banking regulators are reportedly revisiting a plan to restrict executive bonuses at large banks. This initiative, involving six agencies such as the FDIC and OCC, aims to enforce deferred compensations and enhance clawback measures for bonuses in case of financial losses. The proposal, which could be introduced soon, excludes the Federal Reserve from its drafters. This move comes amid longstanding debates over Wall Street executives' pay and the need for more rigorous financial accountability.
ZeroHedge: Gold's "Catapult Has Been Built; Silver's is Next"
Published: Friday, 19 April 2024 03:16 | |
| The time has come to cite the many reasons why Gold has risen, and why Gold will continue to launch to much higher levels. ZeroHedge explains 20 solid reasons for the gold breakout... and why silver will be next.
The Psychology of Inflation: Why Many Dispute Government Inflation Figures
Published: Friday, 19 April 2024 12:11 | |
| The psychology of inflation plays a significant role because it impacts individuals differently based on their personal circumstances. For homeowners with fixed mortgage rates and minimal debt, inflation may pose little threat to their financial stability. However, for renters, prospective homebuyers, or those needing to purchase big-ticket items or borrow money, inflation can be severely detrimental. This disparity in experiences contributes to widespread skepticism about official inflation figures, as people feel the impacts of inflation vary greatly from what is reported by the government.